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Post by lastoftheldk on Jun 19, 2015 11:59:27 GMT
The Greeks are in Russia now to see what deal they can get,
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Post by wizzardofdribble on Jun 19, 2015 12:29:48 GMT
The Greeks are playing a very dangerous game. Instead of making some attempt at paying back what they owe they are drawing the Russians into the problem. This is why Obama has started to get involved. The USA are frightened that Greece might cosy up to Russia to get out of debt repayments...and if Greece can do it...what about other neighbouring Countries?
What we are looking at is a little local difficulty...potentially. .. going Global.
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Post by wizzardofdribble on Jun 19, 2015 13:09:17 GMT
John Maynard Keynes (The Economist) used to say 'If you owe the Bank £1,000 you're in trouble...if you owe the Bank £10 Million the Bank is in trouble.
The Greeks know this only too well. The more they borrow from the ECB and IMF the more everyone else is in trouble.
But make no mistake...should the Greeks cosy up to the Russians. ..Putin will exact a political price that makes the ECB and IMF demands look like almost criminal leniency
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Post by boothenboy75 on Jun 19, 2015 13:19:08 GMT
John Maynard Keynes (The Economist) used to say 'If you owe the Bank £1,000 you're in trouble...if you owe the Bank £10 Million the Bank is in trouble. The Greeks know this only too well. The more they borrow from the ECB and IMF the more everyone else is in trouble. But make no mistake...should the Greeks cosy up to the Russians. ..Putin will exact a political price that makes the ECB and IMF demands look like almost criminal leniency The money owed to the IMF/ECB might seem big money to the man on the street, but in the grand scheme of things it's nothing really. The big issue is they can't let Greece off the hook when Ireland, Spain, Portugal, Italy are being forced to take their medicine. Hard to have too much sympathy with Greece who have brought a lot of it on themselves, but they should of walked away from the table 5 years ago, they'd now be in a much better position if they had. The Eurpean solution of helping debt burdened Greece by lending them more money was never going to be in their interests, but at least now the money isn't owed to European banks. So mission accomplished. I'm sure some fudge will be sorted which will help nobody and solve none of the issues and Greece will be just as screwed in another 5 years.
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Post by bigjohnritchie on Jun 19, 2015 13:20:03 GMT
John Maynard Keynes (The Economist) used to say 'If you owe the Bank £1,000 you're in trouble...if you owe the Bank £10 Million the Bank is in trouble. The Greeks know this only too well. The more they borrow from the ECB and IMF the more everyone else is in trouble. But make no mistake...should the Greeks cosy up to the Russians. ..Putin will exact a political price that makes the ECB and IMF demands look like almost criminal leniency Wizard, Where would a Grexit leave the Euro as a whole? Would it affect a possible Brexit?
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Post by Northy on Jun 19, 2015 13:38:42 GMT
I'll buy you a pint in the not too distant old boy. I'm down today, got drawn into a fight in a bar last night as well. I have lumps on my head today and a small shiner. The missus took a misdirected punch in the arm as well. ^^^Read the above. What was your fight about^^^ full blown divorce now ...
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Post by wizzardofdribble on Jun 19, 2015 14:16:30 GMT
John Maynard Keynes (The Economist) used to say 'If you owe the Bank £1,000 you're in trouble...if you owe the Bank £10 Million the Bank is in trouble. The Greeks know this only too well. The more they borrow from the ECB and IMF the more everyone else is in trouble. But make no mistake...should the Greeks cosy up to the Russians. ..Putin will exact a political price that makes the ECB and IMF demands look like almost criminal leniency Wizard, Where would a Grexit leave the Euro as a whole? Would it affect a possible Brexit? It won't happen John...some fudge will be put together to keep Greece in the Eurozone. Ironically, it's not the financial implications of withdrawal that matters it's the political ones. The idea that Greece would cosy up to the Russians is why the USA is now becoming a major player backstage to get some sort of 'deal'. Maybe Greece will be forced to offer free keebabs to all those tourists holding European passports as part of this deal ;-)
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Post by Deleted on Jun 19, 2015 14:36:49 GMT
Got a holiday to kavos in august will this be a problem ?
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Post by bigjohnritchie on Jun 19, 2015 14:38:48 GMT
Wizard, Where would a Grexit leave the Euro as a whole? Would it affect a possible Brexit? It won't happen John...some fudge will be put together to keep Greece in the Eurozone. Ironically, it's not the financial implications of withdrawal that matters it's the political ones. The idea that Greece would cosy up to the Russians is why the USA is now becoming a major player backstage to get some sort of 'deal'. Maybe Greece will be forced to offer free keebabs to all those tourists holding European passports as part of this deal ;-) Just booking next year's holiday as we speak! Seriously, I dont know alot about Greece's internal set up, but it seems to me (obvious really) that their future lies in tourism, being different and now possibly being a 'wedge' between the West and Russia. There ia another meeting scheduled for Monday, I take your point about not letting it happen BUT I think that they might go...I am sure that the Troika and USA want to keep them in the fold, but they can't find a solution when the next bailout comes to an end, just postponing the inevitable. Of course they could increase the UK contribution to the EU by £ 1.5 billion per year and give it to the Greeks..problem solved!
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Post by lastoftheldk on Jun 19, 2015 16:38:53 GMT
There has always been a strong communist party in Greece
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Post by partickpotter on Jun 19, 2015 16:50:24 GMT
There has always been a strong communist party in Greece True - and thanks to Churchill the Greeks never had to suffer the consequences of them bring in power!
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Post by harryburrows on Jun 19, 2015 17:58:42 GMT
Got a holiday to kavos in august will this be a problem ? Take some sandwiches
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Post by Deleted on Jun 19, 2015 18:03:05 GMT
Got a holiday to kavos in august will this be a problem ? Take some sandwiches Going for a week lol .Hope they still have kebabs
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Post by boothenboy75 on Jun 19, 2015 18:03:00 GMT
Got a holiday to kavos in august will this be a problem ? There was a guy on the radio yesterday advising holiday makers to take hard currency with them and not to rely on being able to use their cards, as should Greece leave the Euro the banks will be closing for a number of days.
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Post by Deleted on Jun 19, 2015 18:07:47 GMT
Got a holiday to kavos in august will this be a problem ? There was a guy on the radio yesterday advising holiday makers to take hard currency with them and not to rely on being able to use their cards, as should Greece leave the Euro the banks will be closing for a number of days. Ok cheers boss . Not sore I trust me self with a load of cash going be pissed a fair bit lol
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Post by boothenboy75 on Jun 19, 2015 18:10:36 GMT
There was a guy on the radio yesterday advising holiday makers to take hard currency with them and not to rely on being able to use their cards, as should Greece leave the Euro the banks will be closing for a number of days. Ok cheers boss . Not sore I trust me self with a load of cash going be pissed a fair bit lol Theres's always that risk :) I'm sure the bar owners have covered their bases should anything happen, and I can't see them running dry.
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Post by boothenboy75 on Jun 19, 2015 18:20:41 GMT
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Post by yeokel on Jun 19, 2015 18:20:37 GMT
Got a holiday to kavos in august will this be a problem ? You're lucky! We are going to Crete in ten days time just in time for the shit to really hit the fan, if it's going to. We've got a Euro currency card with quite a bit on in but I'm doubtful that the banks will actually have any cash left by then. We're going to take Euros in cash too, but how much is enough? And if there's no money to pay the public sector workers, will the airports etc still be working. Still - There's worse places to be stuck at.
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Post by Deleted on Jun 19, 2015 18:23:24 GMT
Ok cheers boss . Not sore I trust me self with a load of cash going be pissed a fair bit lol Theres's always that risk I'm sure the bar owners have covered their bases should anything happen, and I can't see them running dry. Hope so ye not much to do in kav without booze lol
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Post by Deleted on Jun 19, 2015 18:37:46 GMT
Got a holiday to kavos in august will this be a problem ? You're lucky! We are going to Crete in ten days time just in time for the shit to really hit the fan, if it's going to. We've got a Euro currency card with quite a bit on in but I'm doubtful that the banks will actually have any cash left by then. We're going to take Euros in cash too, but how much is enough? And if there's no money to pay the public sector workers, will the airports etc still be working. Still - There's worse places to be stuck at. Good luck mate recon it will be ok for tourists and as you say nice place to be stuck just as long as you don't get stuck in brum or were ever your flying from lol
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Post by lastoftheldk on Jun 19, 2015 21:13:26 GMT
There has always been a strong communist party in Greece True - and thanks to Churchill the Greeks never had to suffer the consequences of them bring in power! I think they have had communist governments in the past. The problem is the public sector, same as most European countries, over paid, over pensioned, non productive, etc, you know the story. .
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Post by bathstoke on Jun 20, 2015 4:16:55 GMT
^^^Read the above. What was your fight about^^^ full blown divorce now ... What, from Mrs************** or the Oatcake!?!
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Post by bathstoke on Jun 20, 2015 4:27:50 GMT
Going for a week lol .Hope they still have kebabs Kebabs is Turkish. Gyros or Souvlaki is the Greek. Gives a whole new meaning to the phrase:- Where's me £@#&!ng Giro!?!
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Post by harryburrows on Jun 20, 2015 6:36:24 GMT
True - and thanks to Churchill the Greeks never had to suffer the consequences of them bring in power! I think they have had communist governments in the past. The problem is the public sector, same as most European countries, over paid, over pensioned, non productive, etc, you know the story. . The hospitals have had a 93% cut in funding , they are having street collections to buy drugs , the staff are not getting wages either .
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naxalite
Academy Starlet
Do you like my cravat?
Posts: 129
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Post by naxalite on Jun 20, 2015 6:43:23 GMT
Going for a week lol .Hope they still have kebabs Souvlaki in Greece. Yum.
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Post by bathstoke on Jun 20, 2015 6:58:26 GMT
I think they have had communist governments in the past. The problem is the public sector, same as most European countries, over paid, over pensioned, non productive, etc, you know the story. . The hospitals have had a 93% cut in funding , they are having street collections to buy drugs , the staff are not getting wages either . & there you have it, the difference between financiers & medics...
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Post by harryburrows on Jun 20, 2015 7:04:51 GMT
The hospitals have had a 93% cut in funding , they are having street collections to buy drugs , the staff are not getting wages either . & there you have it, the difference between financiers & medics... Absolutely , it's a Greek tragedy . Whatever happens in the future they will still need massive funding aid from somewhere or we may see millions of Greeks heading north
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Post by wizzardofdribble on Jun 20, 2015 7:47:49 GMT
Russia have already offered financial aid..if the meeting on monday fails. As ECB/IMF etc Barristers & Solicitors get richer and richer, ordinary Greek people take the brunt of the cuts. Wealthy Greeks will have shifted their money yonks ago.
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Post by partickpotter on Jun 22, 2015 17:44:19 GMT
So deadline day is here and a proposal has come forward from the Greek Government - tax the rich and tax business. Well if that gets them a deal it will be a mighty cynical one from all sides because they know they'll be back round the table in six months. This policy will not drive the economic growth needed to fund public services, instead it will produce the opposite effect as capital flies out of Greece even faster than the past week or so.
Meaning in 6 months things will be even worse for Greece while the EU will use the time to further inoculate themselves against the Greek malaise. So when the plug is pulled, the impact to the Eurozone will be minimised.
A shambles.
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Post by Nick1984 on Jun 22, 2015 19:00:19 GMT
Taxing the rich to death doesn't work anymore, these people can just up sticks and move elsewhere. Look at France
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