Drachma printing

[Old Hack]

Well Is it? Does the rest of Europe simply write a blank cheque to Greece? We will see.

I think so, I think whilst the germans are against Eurobonds, for the obvious reasons, it's the only way it will right itself. I see a Mexican standoff, with the Euro bully boys the ones to back off. Too much to lose, if this works out, as BP said, then Spain, Italy and Portugal may say screw this for a laugh. Don't forget, Ireland have to vote about it all soon too.

No, I think the big boys will back off and start issuing Eurobonds. Either way, the euro will be down to 1.30-1.35 by the end of the year, possibly more...

[Paddy]

Hurrah!

Now we can do the "Whats a Greek urn?" joke again.

5 drachmas a week sounds good to me.

FTFY

[DodgyAgent]

I think so, I think whilst the germans are against Eurobonds, for the obvious reasons, it's the only way it will right itself. I see a Mexican standoff, with the Euro bully boys the ones to back off. Too much to lose, if this works out, as BP said, then Spain, Italy and Portugal may say screw this for a laugh. Don't forget, Ireland have to vote about it all soon too.

No, I think the big boys will back off and start issuing Eurobonds. Either way, the euro will be down to 1.30-1.35 by the end of the year, possibly more...

Maybe the Germans should leave the Euro

[BrilloPad]

As for me I am feeling very smug about being against the Euro from the very beginning

I was right from the beginning too. I am feeling upset. I wish I had been wrong.

At best, over the next year we are going to get severe disruption. At worst it could be Nibiru.

More importantly than what happens in the UK is what happens in Greece and other PIIGS. People are handing over the children they cannot afford to feed. People are upset enough to set themselves on fire.

I would like to think there will be another Nurembourg for those responsible. As usual, they will retire with golden pensions.

This will all change come the day of the revolution.

[BrilloPad]

Maybe the Germans should leave the Euro

+1

Though best solution is Northern block+Southern block

Southern Block=France+PIIGS.

[Old Hack]

+1

Though best solution is Northern block+Southern block

Southern Block=France+PIIGS.

France too in bed with the Germans for this to be true. Southern Block would be the PIIGS, plus new member states, who'd have to migrate to Northern block when the financial situation was good enough. I think we'd only make the southern block right now.

[AtW]

Euro crisis would have never happened under Labour...

[BrilloPad]

Euro crisis would have never happened under Labour...

Well conservatives dont have a great record on the subject. Thankfully it all went horribly wrong for the UK very early and we learnt our lesson.

[DodgyAgent]

Well conservatives dont have a great record on the subject. Thankfully it all went horribly wrong for the UK very early and we learnt our lesson.

The Tories took us into the Maastricht treaty. But to be fair they never as a party supported entry into the Euro

[Bunk]

At worst it could be Nibiru.

Mmmm, nibiru

No, wait, that's nigiri I'm thinking of