Accrington Web - Greece........................Sink or Swim?

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- - Greece........................Sink or Swim? (https://www.accringtonweb.com/forum/f69/greece-sink-or-swim-58301.html)

jaysay

29-06-2011 08:47

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by Eric (Post 915252)

If the Greeks default and quit the Euro, they will have some short term benefits. The Drachma will be worth zilch; so their exports will receive a boost. And tourism will go through the roof. On the downside, lots of European banks will take a kicking. Major financial institutions will be replacing the toilet paper in their washrooms with Greek government bonds.:eek:

You've got the remember that the Greek banks are very much in hock to funding their own governments debts, if they had to ditch the Euro there banking system would totally collapse

Eric	29-06-2011 14:16

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by jaysay (Post 915282)

You've got the remember that the Greek banks are very much in hock to funding their own governments debts, if they had to ditch the Euro there banking system would totally collapse

Probably right. So it becomes a choice between "total collapse" and "inevitable meltdown":rolleyes: But I'm willling to bet that the bankers aren't going to suffer much.

jaysay

29-06-2011 17:58

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by Eric (Post 915347)

Probably right. So it becomes a choice between "total collapse" and "inevitable meltdown":rolleyes: But I'm willling to bet that the bankers aren't going to suffer much.

BBC News - Greece crisis: MPs approve drastic austerity measures

Looks like they've taken the best option Eric or the best for a bad situation

cmonstanley

29-06-2011 18:13

Re: Greece........................Sink or Swim?

i know im daft but how are they going to pay the money with no jobs to raise tax no corporation tax trying to rely on the tourist industry to raise revenue this is going to end in disaster no way can they afford to pay it back .

Wynonie Harris

29-06-2011 18:43

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by cmonstanley (Post 915419)

i know im daft

Self-awareness is a wonderful thing. ;)

jaysay

29-06-2011 18:46

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by Wynonie Harris (Post 915435)

Self-awareness is a wonderful thing. ;)

Can I second that before DinG gets in:D

DaveinGermany

29-06-2011 18:49

Re: Greece........................Sink or Swim?

Just a little aside, the party in power presiding over Greece's present problems is Panhellenic Socialist Movement (Pakos) since the introduction of the Euro in 1999 they've had 2 goes of ruling the Country with a short lapse between 2004-09 when the New Dems (ND) were in power.

Now have a ponder on that. :rolleyes:

DaveinGermany

29-06-2011 18:50

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by jaysay (Post 915440)

Can I second that before DinG gets in:D

And your point is ? :D :D :D

jaysay

29-06-2011 18:54

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by DaveinGermany (Post 915443)

And your point is ? :D :D :D

Beat ya to it:tongueout:tongueout:tongueout Its not everyday our scottish numpty admits he is without prompting

DaveinGermany

29-06-2011 19:10

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by jaysay (Post 915445)

Its not everyday our scottish numpty admits he is without prompting

Au contrair, mon ami ! :D Every time he puts pen to paper (figuratively speaking) he does a damn fine job all by himself without let or hindrance. :idunno:

cmonstanley

29-06-2011 19:27

Re: Greece........................Sink or Swim?

but im not a socialist:eek::p

Mancie

30-06-2011 00:00

Re: Greece........................Sink or Swim?

I reckon it all started to go down hill in the 70's
YouTube - ‪FOREVER and EVER DEMIS ROUSSOS‬&rlm;

jaysay

30-06-2011 09:03

Re: Greece........................Sink or Swim?

Quote:

Originally Posted by cmonstanley (Post 915466)

but im not a socialist:eek::p

Sorry Communist :rolleyes:

MargaretR

27-02-2012 11:27

Re: Greece........................Sink or Swim?

It looks very likely that Greece will be the first domino to fall.

A collapse of the world banking system will follow.

The banking rats have started to 'abandon ship' and take their golden handshakes.

Bankers resignations over the last few months... | Nominedeus

Acrylic-bob

27-02-2012 11:46

Re: Greece........................Sink or Swim?

I read last week that the Foreign Office is recommending that ex-pat British should register with the British Consulate. They obviously know what is coming.

I feel so sorry for the Greek People. I wonder if any will pity us when it is our turn?

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