|
|
Post by Spellbound454 on Aug 5, 2011 4:10:53 GMT -5
This is unsustainable now...The markets are collapsing and the Eurozone has to eject Greece to protect Italy and Spain.
What do you think?
|
|
|
|
Post by pg tipsy on Aug 5, 2011 4:39:57 GMT -5
Would probably be better for both Greece and europe for Greece to be expelled. Debt which eases with more loans apparently causes problems when debts can't be paid back .Properties,assets and all that is possessed by the public goes into receivership.This is truly mind boggling.There is this complexity with financial systems,majority of ordinary people don't know how it actually works,what goes where,who gets what.
|
|
|
|
Post by Spellbound454 on Aug 5, 2011 4:53:39 GMT -5
There are two courses of action....either expel Greece and any other country which fails....let them devalue and sort themselves out.
They have been protesting again austerity measures and just expect everyone else to pick up the tab....so Im tempted to say that.
Or pull it all together into a United States of Europe with central control.
We may just survive on the periphary...but our economy isn't great either.
|
|
|
|
Post by londonladypiff on Aug 5, 2011 4:56:47 GMT -5
Or pull it all together into a United States of Europe with central control.
Noooooo thats death.
|
|
|
|
Post by alexandra on Aug 5, 2011 5:14:40 GMT -5
''Or pull it all together into a United States of Europe with central control.''
In a way, that is what the EEC is supposed to be. Trying to unify Europe is a non starter, I think. Every European country has its own 1000's of years of history, its own cultures, and its own way of farming and agriculture that suits the individual terrains. Their political histories are just as diverse, and to more or lesser degrees than ours, just as corrupt.
The whole package of being an economic member of the European community costs more to be in than any benfits that come out of it. The principle behind a United states of Europe might sound theoretically, a good idea. After all the USA has this, but while the USA may be populated with people from all nations, its loyalty is solely to the USA That isn't the case in Europe.
Never mind expelling Greece, why not just dissolve the whole sorry mess now. Let each country sink or swim on its own merits and abilities to work for the good of their own country.
|
|
|
|
Post by londonladypiff on Aug 5, 2011 5:17:33 GMT -5
Hi alex well said.
|
|
|
|
Post by Spellbound454 on Aug 5, 2011 5:24:33 GMT -5
I think it the only way to go if the EU is to survive...There are too many countries which cannot manage their own economies....and Germany and France cannot keep bailing them out.
Its not just Greece, Ireland and Portugal.....Italy and Spain are in danger too...even France, which is supposed to pick up the tab when its own financial affairs aren't great either.
We don't pay into the Euro bailout fund (which isn't big enough to save Italy anyway).... but we do pay into the IMF which keeps getting used.
|
|
|
|
Post by alexandra on Aug 5, 2011 5:32:06 GMT -5
Thank you Piff.
At one time, just before we became part of the EEC, I had very idealistic positive thoughts about it. After all, with every European country supporting each other rather than 'warring' with each other, which used to be the 'norm', had me thinking we could, as a unified Europe be very politically powerful, and a force that the USA might think twice about upsetting too much.
I also remember many years ago, when I was just a child, there was a lot of talk ( most of it tongue in cheek), about the UK becoming the 51st. state of America.
I actually now wonder what the outcome might have been had that ever happened. Lol.
|
|
|
|
Post by pg tipsy on Aug 5, 2011 6:27:29 GMT -5
Hello Alexandra,Good post,also the above I would agree.There has been quite a noticable decline on self reliance,where everything has become dependant on the state or is completely heading that way.Quite frightening when this is all centred within the eurozone.
Iceland have brought themselves out of the global financial system.Simply by the logic of it all and people having voted not to pay their impossible debt.It will be interesting how they get on. Perhaps if this catches on with Greece and other nations and the impossible circumstances, would their world cease to exist,some would wonder?I won't doubt they'd be much better off.
|
|
|
|
Post by pod 7 on Aug 5, 2011 10:26:08 GMT -5
MY MUM always said dont put all your eggs in one basket, i think this applies even today, we should have a referendum on the whole sorry mess personally i think we should get out now ,think of the savings just on the membership alone--if not have a purge on the euro M.P. s wages and perks--no not like us we have M.P. s doing TIME for the crime (all ten Min's of it) wouldn`t surprise me if they got old jobs back
|
|
|
|
Post by pod 7 on Aug 5, 2011 10:34:46 GMT -5
pg Tipsy Hi your comment about ICELAND well they still owe my local council £12million but i reckon we have no way of getting that back, and that is only one amount that i know about---now theres a thought "IF WE DID IT" nar don't think so there`s bound to be a law against it --someplace he he lol
|
|
|
|
Post by Spellbound454 on Aug 5, 2011 10:35:21 GMT -5
We cant really have a referendum as we signed the Lisbon treaty
Its not really the EU that is in crisis....its the common currency...ie the Euro
We aren't bound by that... but we do keep making private bailouts and contributing to the IMF.
We all owe each other here, which is farcical if it wasn't so serious.... and our National debt is huge...
Anyone got a spare trillion?
|
|
|
|
Post by londonladypiff on Aug 5, 2011 10:41:39 GMT -5
pg Tipsy Hi your comment about ICELAND well they still owe my local council £12million but i reckon we have no way of getting that back, and that is only one amount that i know about---now theres a thought "IF WE DID IT" nar don't think so there`s bound to be a law against it --someplace he he lol
Hi yep same with the council where i live. |
|
|
|
Post by londonladypiff on Aug 5, 2011 10:42:07 GMT -5
im not shouting ,,i have bad eyes.
|
|
|
|
Post by pg tipsy on Aug 5, 2011 14:03:48 GMT -5
I share your dispair,and have the same with my local council.We also have in common some thing with the Icelandic people,and that is paying debt by the incompetence of Banks and institutions.As taxpayers,the ordinary joes where ever in the world are the losers.  Go Well  |
|
|
|
Post by pod 7 on Aug 6, 2011 4:15:13 GMT -5
|
|
|
|
Post by pod 7 on Aug 6, 2011 4:21:54 GMT -5
I share your dispair,and have the same with my local council.We also have in common some thing with the Icelandic people,and that is paying debt by the incompetence of Banks and institutions.As taxpayers,the ordinary joes where ever in the world are the losers. Go Well |
|
|
|
Post by piropo2 on Aug 6, 2011 13:37:18 GMT -5
Personally, I dont think Greece should have been allowed in to the Euro zone, they were bankrupt before they came in, thats why they wanted to come into it.  |
|
bach
Not so new Crapster
%%Calm%%
Posts: 121
|
Post by bach on Aug 7, 2011 7:38:01 GMT -5
Agree Pip, Greece fudged the figures to get into the Euro Zone, and it is impossible the rest of the countries didn't know that they fiddled the books, although they probably didn't know by how much. Greek millionaires don't pay tax (sound familiar?) and treat it as a game: How many ways can you cheat the tax system whilst still claiming the benefits.
Iceland banks: think of that like the share market - value can go down as well as up. If you are getting the best interest rate, by a long margin, of anywhere else in Europe investers should ask themselves why. If a deal looks too good to be true, it usually is too good to be true. Because it is a bank we think the country should bail out the investors, but when the dot com bubble burst we didn't. There really isn't any difference in the two situations.
Lest we forget that the financial bubble burst in America where some clever banker sold sub-prime mortgages which were never going to be viable, and others developed a clever way to manipulate the markets through outright fraud. Things would have been bad all over the world, but this clever little trick by an American banker in an unregulated market tipped the world into financial meltdown.
|
|
|
|
Post by maggie( duffy]. on Dec 6, 2011 17:24:18 GMT -5
dont know about saving anyone to be honest,,,
we never agreed to all this all we signed up for was free market,
we thank god got away without joining ..
but knows seems we are still dammed and paying for what they rushed into.
i wish we would just get back into some industry , get a bit more self sufficient again and govern all of our own country and laws again
i for one can see nothing really in comon with europe here, and after all we are only joined by artificial tunel now. if we are like anyone i would say its american..
|
|
© 2011 -- 
Crap, the Name Escapes Me 
