goldfinger
- 09 Jun 2005 12:25
Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).
Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.
cheers GF.
required field
- 16 Jun 2015 10:12
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If Greece does exit the Euro : I presume they will still owe Germany, France etc....the same amount or does Europe call it quits ?....I bet nobody in Europe can answer that !....
cynic
- 16 Jun 2015 10:26
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i recollect reading that Germany (in whatever guise) was owed € 57bn ...... mere bagatelle :-)
required field
- 16 Jun 2015 10:40
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Ja !....(only like Buster Merryfield in only fools and horses)....
required field
- 16 Jun 2015 10:43
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Vot ist ja naeme ?
hilary
- 16 Jun 2015 10:49
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Loosely translated, it means somebody from Euro-Group feeds the German media with a story about Greek capital controls, which the Greek government are forced to deny, but which the German government decline to comment upon, which heaps even more pressure on Greece because Greek depositors scramble to get their money out of the bank and under the mattress, which would lead to insolvency within the Greek banking system, which would be a just reason for the ECB not to provide ELA to the Greeks later this week, which would force Greece out of EZ.
Of course, Syriza might like to survive politically, in which case they could always back down and accept the austerity measures, although that might make it impossible for Syriza to survive politically.
Haystack
- 16 Jun 2015 10:52
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They will still owe the money, but be bankrupt. In other words, they will not have the means to repay. The debt will follow them and they will get no credit. They will have to impose lots of controls such as ATM limits, corporate spending limits, all imports requiring permission, capital controls. All imports will have to be paid for in advance. There will be food, basic supplies and fuel shortages. The country will have no money to pay pensions, civil servants etc.
Any lenders will wait a very long time to be repaid. No developed country has ever defaulted on IMF loans, ECB loans and major bank loans. Leaving the Euro and probably the EU will be a catastrophe for Greece.
On the bright side it will mean very cheap holidays there for us.
Fred1new
- 16 Jun 2015 11:52
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And possibly a Naval base in the Med for Russia in exchange for funding!!!!!
What are Greek islands worth?
jimmy b
- 16 Jun 2015 12:04
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In that sort of state would you want to holiday there Haystack ?? ,
shame as i love Greece ..
TANKER
- 16 Jun 2015 12:09
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ken Clarke the most dishonest person in gov as always been dishonest
Haystack
- 16 Jun 2015 12:18
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Greece will still be fine for holidays. It was only a few years ago that it was almost a third world country.
Haystack
- 16 Jun 2015 12:20
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T
You have to remember that Ken Clarke is very pro Europe and does not support the referendum. He is one of the most honest MPs in parliament.
TANKER
- 16 Jun 2015 13:06
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ken is very very dishonest scum to far up is own backside
is father must be turning in is grave
TANKER
- 16 Jun 2015 13:09
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why are the u gov spending good money attempting to bring back the scum who are going to Syria we do not want the scum . and they do not want their families
this is fact they must ate their families and friends
Haystack
- 16 Jun 2015 14:38
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Haystack
- 16 Jun 2015 14:39
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Haystack
- 16 Jun 2015 14:40
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Haystack
- 16 Jun 2015 14:41
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