Lucifer Posted November 5, 2011 Share Posted November 5, 2011 Should the Greeks be thrown out of the EU but still be responsible for their debts to the EU who supported them even with their lied. If they leave the Euro, should their currency be called the Pyriah . Link to comment Share on other sites More sharing options...
Chris_Sleeps Posted November 5, 2011 Share Posted November 5, 2011 A debt that can't be paid is meaningless and of no value. It is much better to have a debt that can be serviced, even if it for less value or better terms, than to have something that can only cripple a nation. Link to comment Share on other sites More sharing options...
Lucifer Posted November 5, 2011 Author Share Posted November 5, 2011 A debt that can't be paid is meaningless and of no value. It is much better to have a debt that can be serviced, even if it for less value or better terms, than to have something that can only cripple a nation. Lets the rest of the world suffer and see how the Greeks would help, borrow probably for ever and ever. Link to comment Share on other sites More sharing options...
love_rat Posted November 5, 2011 Share Posted November 5, 2011 Should the Greeks be thrown out of the EU but still be responsible for their debts to the EU who supported them even with their lied. If they leave the Euro, should their currency be called the Pyriah . I hope the UK can be thrown out of being part of the corrupt EU. If the Greeks are thrown out, many of the people who live under the EU hellhole will also be hopeing to be thrown out. Link to comment Share on other sites More sharing options...
Cavegirl Posted November 5, 2011 Share Posted November 5, 2011 The Greeks (and other PIIGS) are only in debt because they had to borrow to pay for imported German goods under EU rules. If they come out of the European Union, they can choose their trading partners more wisely, get a better deal and start to reduce their debt. If they stay in it Germany will get richer and they'll never reduce their debts enough to offer their people a decent standard of living. Link to comment Share on other sites More sharing options...
chem1st Posted November 5, 2011 Share Posted November 5, 2011 Should the Greeks be thrown out of the EU but still be responsible for their debts to the EU who supported them even with their lied. If they leave the Euro, should their currency be called the Pyriah . This should explain. Link to comment Share on other sites More sharing options...
max Posted November 5, 2011 Share Posted November 5, 2011 I think we should help pay off Greece's debts. Then, once they're in the clear financially, they should offer every European taxpayer two week's free holiday every year until they've paid us back. Just an idea. If they do, then I want the first 2 weeks in August sailing in the Aegean. Link to comment Share on other sites More sharing options...
Cavegirl Posted November 5, 2011 Share Posted November 5, 2011 This should explain. That's the best thing I've ever seen!! Genius!! Off to watch more episodes now... Link to comment Share on other sites More sharing options...
Afilsdesigne Posted November 5, 2011 Share Posted November 5, 2011 The Greeks are no worse than the Italians, the Irish, the Spanish and above all, the Brits. ALL have spent money like crazy and followed the same flawed economic plan (suck up to a banker / ride the housing bubble). In life, it's really simple, if you consistantly spend more than you earn as a person, family, business or government, eventually, you will go bust. Even in the teeth of the worst recession, if you spend less than you earn, the economy prospers. We have been really unfortunate to suffer decades of bad governance, just think how much money has been wasted over the years on failed projects. Without some really radical spending 'adjustments', things will take decades to get sorted out, if at all. We need to cut spending by just under 50% to pay off our debts (over 25 years) and run a balanced budget. No one is going to sign up for that as it will REALLY hurt! So throwing Greece out of the EU won't make much difference as the whole financial system is close to paralysis drowning in a sea of debts and financial sticking plasters. The slightest shock somewhere and the whole thing unravels. Link to comment Share on other sites More sharing options...
LeMaquis Posted November 5, 2011 Share Posted November 5, 2011 The Greeks (and other PIIGS) are only in debt because they had to borrow to pay for imported German goods under EU rules. If they come out of the European Union, they can choose their trading partners more wisely, get a better deal and start to reduce their debt. If they stay in it Germany will get richer and they'll never reduce their debts enough to offer their people a decent standard of living. If the Greeks leave the EU they won't get a better deal trading with EU states. They'll lose the trade protection and not get economic support they're getting now. And who in their right mind would choose to be a new trading partner with Greece given their present reputation? Everyone would want cash up front. The Greeks will have to leave the Euro but to kick them out of the EU would be counterproductive as there'd be no incentive for them to pay anything back in future. The role of Goldman Sachs in creating this mess by covering up Greek debt is highlighted here; http://www.nytimes.com/2010/02/14/business/global/14debt.html?pagewanted=all Link to comment Share on other sites More sharing options...
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