So, I think Greece should be kicked out of the European Union but not Ireland

darkman2

Portugal, Ireland, Spain and Italy have big problems like Greece - but at least that was down to naievity and stupidity. Greece is a whole different matter after they lied to us and the world about their country's deficit. That is the real reason they are being punished by the markets like they are. That is why we have to now borrow €500 million to give to them to bail them out. And the Germans and all other Eurozone countries. They also threathen the European Union and our currency through their dishonesty with the mess they are now in.


I find it unbelievable that a country like Greece that magnified this disaster for the EU so much that a country like Ireland is at serious risk if it goes broke of going bankrupt ourselves. Why were they even allowed in to the Euro in the first place? And why was no one keeping an eye on them?


Now the Germans are pissed off. They have pissed off our German overlords. I think that is a very bad thing.

starbelgrade

I dunno, it's all Greek to me.

El Siglo

ibt"greeks invented gayness"

Riamfada

No way Italy, your moneys in Germany's house ... and Spain's house.

Hey Spain what they hell are you doing with my money in your house!

PirateShampoo

What does Ireland have to offer that Greece doesnt?

starbelgrade

PirateShampoo wrote: »

What does Ireland have to offer that Greece doesnt?

Tayto crisps.

Dr. Baltar

I don't know how their finances didn't catch someone's Athension.


/leaves

The_Kew_Tour

I dont care I still think Ireland is fooked.

ejmaztec

Kick em right up the Acropolis.

RonMexico

Well if it wasn't for the feckin Greeks we wouldn't have Georgia Salpa flaunting her baps in the paper. They should stay but only if they send over more fine women.

dotsman

darkman2 wrote: »

Portugal, Ireland, Spain and Italy have big problems like Greece - but at least that was down to naievity and stupidity. Greece is a whole different matter after they lied to us and the world about their country's deficit. That is the real reason they are being punished by the markets like they are. That is why we have to now borrow €500 million to give to them to bail them out. And the Germans and all other Eurozone countries. They also threathen the European Union and our currency through their dishonesty with the mess they are now in.


I find it unbelievable that a country like Greece that magnified this disaster for the EU so much that a country like Ireland is at serious risk if it goes broke of going bankrupt ourselves. Why were they even allowed in to the Euro in the first place? And why was no one keeping an eye on them?


Now the Germans are pissed off. They have pissed off our German overlords. I think that is a very bad thing.

It's a lot more complex than that.

One of the biggest issues that the markets have with Greece is it's BS socialism policies. Pretty much the only difference between Greece and Ireland at the moment (and recognised by the markets) is that we have begun to address our problems by cutting Public spending and setting up NAMA. Greece, on the other hand, continues to be held to ransom by their unions with constant strikes/protests/riots.

If our unions/Labour got their way, we'd be right up their with Greece (and possibly beyond!).

orourkeda

darkman2 wrote: »

Portugal, Ireland, Spain and Italy have big problems like Greece - but at least that was down to naievity and stupidity. Greece is a whole different matter after they lied to us and the world about their country's deficit. That is the real reason they are being punished by the markets like they are. That is why we have to now borrow €500 million to give to them to bail them out. And the Germans and all other Eurozone countries. They also threathen the European Union and our currency through their dishonesty with the mess they are now in.


I find it unbelievable that a country like Greece that magnified this disaster for the EU so much that a country like Ireland is at serious risk if it goes broke of going bankrupt ourselves. Why were they even allowed in to the Euro in the first place? And why was no one keeping an eye on them?


Now the Germans are pissed off. They have pissed off our German overlords. I think that is a very bad thing.

what a naive and stupid remark

The_Minister

I don't think that people have realised the extent of the conspiracy that would have been needed to trick their way in.

Every level of the Greek government would need to be corrupt in a way we cannot even imagine.

There is at least a book in it.

Riamfada

Speaking of which there has just been an apology online by the Greek chancellor of the exchequer about the state of their finances.

when the Greeks do humor so poorly can they really be blamed for national finances?

Jim236

darkman2 wrote: »

Portugal, Ireland, Spain and Italy have big problems like Greece - but at least that was down to naievity and stupidity. Greece is a whole different matter after they lied to us and the world about their country's deficit. That is the real reason they are being punished by the markets like they are. That is why we have to now borrow €500 million to give to them to bail them out. And the Germans and all other Eurozone countries. They also threathen the European Union and our currency through their dishonesty with the mess they are now in.


I find it unbelievable that a country like Greece that magnified this disaster for the EU so much that a country like Ireland is at serious risk if it goes broke of going bankrupt ourselves. Why were they even allowed in to the Euro in the first place? And why was no one keeping an eye on them?


Now the Germans are pissed off. They have pissed off our German overlords. I think that is a very bad thing.

The EU had to force Ireland to include the €4bn capital injection into Anglo as part of it's deficit.

We're in no position to be lecturing any country on how to run an economy with the mess we've gotten ourselves in, which was mostly our own doing(our being the banks, politicians and developers, and to a smaller extend to rest of the public).

So get off your high horse and at least accept while Ireland might not be as bad as Greece, we're still in deep sh*t ourselves and didn't need Greece to help us get there.

PeterIanStaker

Who's in power in Greece, is it Fiannous Fauilous?

pat_mas

What's happening to Greece is a disgrace and it says it all about bankers, the ECB and Europe.
Don't consider Greece as the black sheep, when speculators are finished with it, they'll look at what they call the "PIGS". Ireland might get some relieving delay because it is following the policy bankers would like to see spreading around the world: "make your own people pay for the mess we did while we continue our business as usual and get deserved bonuses"

At the end of the day bankers will eventually hit Ireland because they can't help it: they're too greedy and tbh they're plain stupid as well.

What some say about Greece and its corruption and the fact that they've put themselves in this mess might kick back: what if France, Germany (to name a few) started to think that this "property bubble" is something stupid and Irish ... and well ... why would they pay for that !!!

Even if they helped Ireland, it would probably come at a price ... I think Ireland would then have to say goodbye to its low corporate taxes (which France and Germany agreed to maintain just for Ireland to sign the Lisbon treaty...)

MaybeLogic

Greeces biggest problem is that the guys doing their credit rating, who devalued the rating of Greece's debt to the status of 'junk', is a company called 'Standard and Poor'.
They should have hired 'Excellent and Rich', then they wouldn't be in this mess.

dotsman

PeterIanStaker wrote: »

Who's in power in Greece, is it Fiannous Fauilous?

Nope, worse - the socialists.

FlutterinBantam

MaybeLogic wrote: »

Greeces biggest problem is that the guys doing their credit rating, who devalued the rating of Greece's debt to the status of 'junk', is a company called 'Standard and Poor'.
They should have hired 'Excellent and Rich', then they wouldn't be in this mess.

Incorrect horse, the biggest problem is that they thought that they could sit on their holes, give themselves pensions at age 55, and enjoy a lifestyle that the rest of Europe couldn't.


Flap flap flap tflap flap flapp.

What he fook is that?

Chickens Starvos, chickens coming home to roost.

Rented Mule

El Siglo wrote: »

ibt"greeks invented gayness"

They didn't invent it.....they mastered it.

bnt

I can't see Greece leaving the EU, but I could see them leaving the Euro Currency Zone. (Not the same thing e.g. the UK is in the EU but not in the single currency zone.)

However, can you imagine what would happen if that was even speculated on by an EU official? Instant run on Greece's banks, as everyone and his granny rush in to grab their Euros, so that they can be sent off to Italy. Greece's economy (like any economy) is so intricately tied to its currency that undermining the currency would kill it stone dead. You'd be turning a fiscal disaster in to an economic disaster and a national disaster.

To make a safe exit, they'd have to do something like what they did on the way in i.e. align to the other EU economies according to strict metrics, such as debt-to-GDP ratios. Well, if they could do that, there wouldn't be any reason to consider making an exit anyway. In other words: there is no safe exit for Greece, and if they were kicked out, it would be like throwing them to the wolves, as the remaining fiscal assets fled the country and the bond markets shorted the f%*$ out of them.

Pacing Mule

So, I think Greece should be kicked out of the European Union but not Ireland

Since when was Greece in Ireland ?

LpPepper

starbelgrade wrote: »

I dunno, it's all Greek to me.

GN'R :P

Jev/N

The money was just resting in my account...

Min

Ireland has €20 billion in cash reserves, someone should blame Fianna Fail for that.....

The Greeks are adverse to paying tax. They have stupid people who protest and riot as if it is going to solve their problems, they retire too early and unlike Ireland they are failing to make hard decisions.

galwayrush

Greece will be fine once they invite Bertie over to give his 'I created the Celtic Tiger' speech.

Nulty

orourkeda wrote: »

what a naive and stupid remark

I'm sure you have a better rebuttle than that?

Sea Sharp

The Irish government still have 3 years of 4bn of budget cuts to get through (Last year was 2x 2bn cuts).
Don't forget that he sh1t hasn't quite hit the fan yet.

darkman2

Contagion from ongoing Greek collapse has spread to Portugal and Spain - us next?