The future of the Euro and EU.

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Originally Posted by DexDexter

The problem for you British is the fact that you'll go bankrupt too but you've got no say in the measures to stop that from happening since you're not part of the Euro. Those spineless bureaucrats will decide your destiny too.

To me the Greeks are mad. Let them say no in the vote, I mean if they want to destroy themselves, go ahead.

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We've been there before effectively after WWII and the debt burden to the USA. Heck, we carried on rationing for quite some time to fund our way out of the mess.

Let the UK housing market crash. Suffer the pain so that, once again, folk don't have to wait until they are in their 30's (assuming they've paid off their education debts) to get on the housing ladder without having to buy a bug hutch next door to the benefit cheats.........

Cheap holiday to Greece next year, anyone? :s

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Originally Posted by J4MIE

Cheap holiday to Greece next year, anyone? :s

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It'll be a riot......

If they quit the Euro Zone, can we get Duty Free? Might pop back for a Giros.

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Originally Posted by DexDexter

To me the Greeks are mad. Let them say no in the vote, I mean if they want to destroy themselves, go ahead.

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Looks like they will not be asked as to whether they agree with the bailout terms but whether they want to remain part of the Euro, something most Greeks will vote yes to.

Thats a clever move IMO. Agree to staying with the Euro and they are agreeing to the bailout terms. They get the Greek population to back the bailout terms without asking them to agree to it directly.

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Originally Posted by Malbec

Looks like they will not be asked as to whether they agree with the bailout terms but whether they want to remain part of the Euro, something most Greeks will vote yes to.

Thats a clever move IMO. Agree to staying with the Euro and they are agreeing to the bailout terms. They get the Greek population to back the bailout terms without asking them to agree to it directly.

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That's certainly what the French want the question to be...But I think the Greek PM has said he still wants it to be a straight yes/no on the bailout, which is just a weak a$$ move to try an save his own political future.

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Originally Posted by Sonic

...But I think the Greek PM has said he still wants it to be a straight yes/no on the bailout, which is just a weak a$$ move to try an save his own political future.

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... or keeping his country from going up in flames. It's one thing to recover economically, it's another to try to accomplish the same amongst the ashes.

They better do something fast!

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Markit’s manufacturing index for Euroland dropped well below the break-even reading of 50 in October. The data for Italy plunged five points to 43.3, the biggest drop since the survey began in the 1990s.

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Italy's 'shock therapy' as eurozone manufacturing buckles - Telegraph

Nature has a way of weeding out the weak to make way for the strong. It's about survival of the fittest. This goes for business/markets too. Why try and save a failure when something superior can come along and replace it?

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Originally Posted by 555-04Q2

Nature has a way of weeding out the weak to make way for the strong. It's about survival of the fittest. This goes for business/markets too. Why try and save a failure when something superior can come along and replace it?

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I think it's mainly to save the poor innocent souls that are dragged down with it. What needs to change first is the ability of these markets to inflict so much damage on people other than themselves.