Forums Forums General Forums A - Z Lifestyle What's Going to Happen in Greece ?

Greece you bloody legends! Such courage. Amazing xx Hope over fear!

Germany have a nice little hoard of Deutschmarks, which they are supposedly keeping for nostalgic reason.

6.6 billion euros plus some Germans are shopping with the currency again. Lots of it about apparently found in boxes and under mattresses etc.
Germany never set a deadline for exchanging its old money for euros despite it converting 13 years ago. Maybe they could have given Greece some advice.

Very strange, cunning or crafty, (choose your own word to suit) when everyone else had their currency expire.

The vote doesn't really change anything, without bailout money the country will shut down very fast, all imports and exports will virtually stop, people inside the country won't have any money.

I wanted a no vote for Greece's own pride and solidarity but in reality I hoped it would be a yes vote for their own sakes as this gave more room for re-negotiation.

Like has been said by others, after WW1 Germany was in financial ruin which effectively caused WW2, after WW2 we realised we had to bail out Germany big time otherwise the cycle would repeat and lead to WW3. A destitute country does nobody any favours and certainly won't get any loans repaid.

The IMF has made the bold statement that Greece needs 50 billion euros over the next few years, there is no alternative just a matter of sorting out in what forms the bailout will happen.

Who is next? Italy is probably in the worst state, Portugal has nearly turned a corner, not forgetting that Ireland isn't out the swamp yet and Cyprus needs to pull its reins in fast before its finances start to run away.

What is very interesting is that within the EU, the Euro countries are doing worse (as a whole) than the non-Euro countries despite counties like Germany being in the Euro - this confirms that the Euro destabilises weaker countries, they were warned about this a long time ago.

There are as many concerns in other areas. Greece has had a turbulent history and I think many of the 'Yes' voters may have been worried of other repercussions such as the return of similar to the Junta. My opinion is that the majority of 'No' voters will have been from the younger generation and of course, they did not experience those dark days.
The Greeks hate the Turks, and as Greece borders Turkey, should Greece leave the EU, that is another issue which could get out of hand, particularly in todays climate.

Therefore, my belief is that all parties to this delicate situation will be very aware of such and will do everything in their power to sort it, not wishing to have a possible repetition which would be totally destabilising for the Greek people and Europe.

Chriskay, there was talk yesterday of Angela Merkel resigning !

The lenders did exactly the same thing that governments decry about payday lenders and other loan sharks.

They lent money knowing full well that Greece couldn't afford it and would have to borrow more just to make repayments.

It is an intentional sacking of Greece and there will be no winners except JPMorgan Chase and Goldman Sachs - the banks win as usual and it will be at the public's expense.

Any system based around the strong will become stronger and the weak will be come weaker is doomed to failure, never mind how strong the strongest become they become less in number, the weak will become more in number and revolt will be the only option left.

Unfortunately, this is getting more complicated for lil' old me to understand.

Why would the lenders intentionally sack off Greece? I don't see what the benefit to anyone is, should they have had that in mind. It doesn't make sense.

DD are you talking about Capitalism, the Euro or both.?

Capitalism I guess, I'm not a fan of the word as it has different meanings to different people, that's probably partly a limitation of my vocabulary.

I can't imagine that Russia won't step in: a foothold in the Mediterranean will be hard to resist.

DD Two eggs and a carrot say,s your wrong, we are doomed to be wage slaves.

Looking at figures, and knowing figures don't always give a true picture, but it's all we have to go on. Pensions are pretty good in comparison.

Their monthly pensions have gone down since 2009 from £957 to £594......

Restricted withdrawals on a daily basis of 60 euros (£42)
= £294 per week.

Cost of living comparison between Greece and UK.


Indices Difference

Info

Consumer Prices in United Kingdom are 45.89% higher than in Greece
Consumer Prices Including Rent in United Kingdom are 75.87% higher than in Greece
Rent Prices in United Kingdom are 258.48% higher than in Greece
Restaurant Prices in United Kingdom are 50.22% higher than in Greece
Groceries Prices in United Kingdom are 59.06% higher than in Greece
Local Purchasing Power in United Kingdom is 61.34% higher than in Greece


http://www.numbeo.com/cost-of-livin...ntry1=Greece&country2=United+Kingdom

Can't see when this was issued (date)

I like those figures, Granny; think I'll move there.

To be fair DD surely the ECB and IMF would have based their assessment as to whether Greece could pay back, on the same sort of figures given by Greece to the Eurozone, to convince them that they had a sufficiently healthy economy? And we all know NOW what deceitful lying figures THEY were.

Looks like the Greek government actually value and look after their people, the retirement age is a lot lower as well, hope all goes well for them.