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Europe is now deliberately trying to push Greece out of the Euro
http://blogs.telegraph.co.uk/finance/jeremywarner/100014766/europe-is-now-deliberately-trying-to-push-greece-out/There is only one way of interpreting the set of fresh demands tabled by eurozone finance ministers last night in return for agreeing a new 130bn bailout for Greece that they are now quite deliberately trying to push Greece out of the euro. All pretence at European solidarity has been abandoned, to be replaced by the vengeance of Shylock.
Mind you, it's easy enough to see why their patience has been broken. The Greeks keep promising, but have consistently failed to deliver. Today, their promises are more worthless than ever, as popular support for the political parties which are signing up to them has collapsed.
The way things are going, they'll all be out at the next election, to be replaced by a ragbag of populist politicians unbound by whatever the present lot have signed up to. Even if eurozone finance ministers manage to get their new conditions agreed, there is not a chance of them being adhered to.
What is more, to push Greece out is of course the right approach for all. There is now no chance whatsoever of Greece making it in the eurozone. Economically and politically, the country is in meltdown.
Mind you, it's easy enough to see why their patience has been broken. The Greeks keep promising, but have consistently failed to deliver. Today, their promises are more worthless than ever, as popular support for the political parties which are signing up to them has collapsed.
The way things are going, they'll all be out at the next election, to be replaced by a ragbag of populist politicians unbound by whatever the present lot have signed up to. Even if eurozone finance ministers manage to get their new conditions agreed, there is not a chance of them being adhered to.
What is more, to push Greece out is of course the right approach for all. There is now no chance whatsoever of Greece making it in the eurozone. Economically and politically, the country is in meltdown.
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Europe is now deliberately trying to push Greece out of the Euro (Original Post)
T_i_B
Feb 2012
OP
Mojorabbit
(16,020 posts)1. I am holding my breath to see what happens after
Will there be a domino effect? Will one country after another fall? Will it cause another crash here? Will it effect the election if so?
msongs
(67,420 posts)2. Greece oughta bail on the EU - 40% of Greeks smoke so tax ciggies to pay off its debt nt
Owlet
(1,248 posts)3. How about just defaulting on the debt
and quitting smoking at the same time? Sounds like a winning formula to me.
stufl
(96 posts)4. Why should Germany and Fance suffer for Greece's problems?
I heard that tax evasion is the national sport in Greece. It's even worse than here.
DUIC
(167 posts)5. Tax Evasion in Greece is endemic
"worse than here"? I do not know where you are writing from, but you would be hard pressed to find a western democracy with a greater level of tax evasion than Greece.
denem
(11,045 posts)6. The Torygraph likes nothing better than anti-EU conspiracy theories.
Discount it's EU coverage by 75 - 100%