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Eurozone will collapse...
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Old 22-02-2012, 10:41   #586
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Re: Eurozone will collapse...

Quote:
Greece is braced for large protests against further budget cuts, following a 130bn-euro (£110bn; $170bn) bailout deal aimed at avoiding bankruptcy.

There are fears of more violence during the rallies called by trade unions as the public mood hardens, a BBC correspondent in Athens says.
http://www.bbc.co.uk/news/world-europe-17123199

I wonder if the political and other strings attached to this financial 'assistance' are alerting the leaders of certain other member states to the notion that, if the going gets tough, they and their people could be expendable too.
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Old 22-02-2012, 20:09   #587
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Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
The Eurocrats in Chief just can't seem to accept that this thing cannot work in its current form and they're chucking yet more money at it in order to save face.
Another significant factor is the indecent amount of money that they personally collect while their snouts are in the EU trough.
If the EU falls apart they might lose all those lovely expenses perks, fat pensions and corporate sweeteners.
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Old 23-02-2012, 09:31   #588
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Re: Eurozone will collapse...

Quote:
Originally Posted by heero_yuy View Post
Just kicking the can further down the road. Greece will never be in a position to make good on the deals "thrashed out" AKA cobbled together to save face. It cannot borrow money nor devalue its currancy to stimulate growth which are the only two realistic ways out unless Germany chooses to give them the money with no payback required.

I can't see the German electorate standing for that.

Meanwhile we're not out of it either:



Source
If the German electorate want to prevent a recession in their own nation, give the bailout without a payback!

---------- Post added at 09:31 ---------- Previous post was at 09:30 ----------

Watch this Newsnight episode about Grecce

http://www.bbc.co.uk/iplayer/episode...ht_17_02_2012/
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Old 27-02-2012, 17:29   #589
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Re: Eurozone will collapse...

Quote:
(Reuters) - More than 160 German tax collectors have volunteered for possible assignments in Greece to help the struggling Mediterranean country gather tax more efficiently, the Finance Ministry in Berlin said on Saturday.

<snip>

The Germany finance ministry spokesman said the preparations for a tax advice mission were being made under the auspices of the European Union and International Monetary Fund. He said it was unclear when or if the German civil servants would be deployed.

You vill pay ze taxes or else.

Reuters source
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Old 27-02-2012, 19:04   #590
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Re: Eurozone will collapse...

Quote:
Originally Posted by Alan Fry View Post
If the German electorate want to prevent a recession in their own nation, give the bailout without a payback!

---------- Post added at 09:31 ---------- Previous post was at 09:30 ----------

Watch this Newsnight episode about Grecce

http://www.bbc.co.uk/iplayer/episode...ht_17_02_2012/
Perhaps they need to wait a few years until the newly planted copses of money trees are fully grown....
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Old 27-02-2012, 21:05   #591
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Re: Eurozone will collapse...

Quote:
Originally Posted by Hugh View Post
Perhaps they need to wait a few years until the newly planted copses of money trees are fully grown....
No doubt they'll qualify for EU subsidies on those and the numbers planted will mushroom miraculously overnight.....

---------- Post added at 21:05 ---------- Previous post was at 21:04 ----------

Quote:
Originally Posted by heero_yuy View Post
You vill pay ze taxes or else.

Reuters source
Yes, I can see the Greeks just loving that idea....
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Old 28-02-2012, 17:11   #592
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Re: Eurozone will collapse...

Quote:
The Republic of Ireland is to hold a referendum on Europe's new fiscal treaty, the Irish prime minister said.

<snip>

The government had sought advice from the attorney general as to whether a referendum was necessary.

The cabinet was told on Tuesday that a referendum was required to ratify it.
Source

Could be interesting as they thought the Irish were going to put this through on the nod.
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Old 28-02-2012, 17:59   #593
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Re: Eurozone will collapse...

Quote:
Originally Posted by heero_yuy View Post
Source

Could be interesting as they thought the Irish were going to put this through on the nod.
Perhaps they don't fancy being next in line for the German 'medicine'....
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Old 28-02-2012, 18:05   #594
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Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
Perhaps they don't fancy being next in line for the German 'medicine'....
I thought that the Irish had applied a stitch in time and managed to avoid getting into the Greek position.

I wonder how many times they'll be asked this time before they get it right.
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Old 28-02-2012, 19:54   #595
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Re: Eurozone will collapse...

Quote:
Originally Posted by heero_yuy View Post
I thought that the Irish had applied a stitch in time and managed to avoid getting into the Greek position.

I wonder how many times they'll be asked this time before they get it right.
They've borrowed themselves some time for sure (and of course the UK taxpayer has stumped up too via large bilateral loans) but sooner or later the Germans, who're calling the shots, will start wanting to dictate financial policy elsewhere in the Eurozone and countries like Ireland, Portugal, Spain and Italy are in line for their very own variation on the Greek treatment I reckon. That'll be the quid pro quo...

Sometimes people need a little help to make the 'right' decisions so, yes, it might require the question to be asked more than once.
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Old 28-02-2012, 21:33   #596
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Re: Eurozone will collapse...

I wonder how many times the EU will make them run this referendum until they give the 'right' result.
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Old 28-02-2012, 22:02   #597
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Re: Eurozone will collapse...

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Originally Posted by Derek View Post
I wonder how many times the EU will make them run this referendum until they give the 'right' result.
"You vill say yes!...."
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Old 01-03-2012, 08:51   #598
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Re: Eurozone will collapse...

Quote:
Originally Posted by heero_yuy View Post
Source

Could be interesting as they thought the Irish were going to put this through on the nod.
They will have no choice, if they vote no, then they will be given the vote again (othewise the Eurozone will collapse!)

---------- Post added at 08:51 ---------- Previous post was at 08:49 ----------

All this will result in the political map of Europe being changed, whether it is for the better or worse, well that is another matter!
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Old 02-03-2012, 11:15   #599
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Re: Eurozone will collapse...

http://www.bbc.co.uk/news/world-europe-17230760

Quote:
All but two of the EU's 27 leaders have signed a new treaty to enforce budget discipline within the bloc.

The "fiscal compact" aims to prevent the 17 eurozone states running up huge debts like those which sparked the Greek, Irish and Portuguese bailouts.

To take effect, the pact must be ratified by 12 eurozone states.

UK Prime Minister David Cameron, who with the Czechs refused to sign, said his proposals for cutting red tape and promoting business had been ignored.

But the newly re-appointed President of the European Council, Herman Van Rompuy, said British calls to boost the EU economy were being taken seriously and he had sought to re-draft the summit's conclusions accordingly
Well we shall see.
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Old 02-03-2012, 11:26   #600
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Re: Eurozone will collapse...

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Originally Posted by denphone View Post
I thought that all erozone states had to agree for it to be ratified ,i thought that was point of cameron using his veto ,or did the goal posts get shifted to allow a minimum of 12 states ?
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