Will there be a Grexit?

[FatLazyContractor]

The country going live with the project I'm working on is Greece. And the Go-live is in 2 weeks

[DodgyAgent]

The country going live with the project I'm working on is Greece. And the Go-live is in 2 weeks

Parasite

[SimonMac]

"CrowdFunding a bailout fund for Greece. By the people, for the people. "

If their debt was wiped out, it would not solve the Greek problem. Its an uncompetitive country. It needs to devalue. Or drastically reduce spending and increase tax revenues.

If all the money in the world was shared out equally, in 6 months there would be super rich and impoverished. The Greeks would still be poor.

I think without debt repayments greek spending is about 60% of GDP, so clear the debt by defaulting and they can increase public spending and still carry a surplus.

[FatLazyContractor]

Parasite

[minestrone]

I was watching a wee bit of BBC 24 where they were interviewing a couple of Greeks. One said...

"I feel sorry for the old people who don't use ATM cards, it is a cash based economy"

you know the way maths teachers used to drive dummies through solving equations...

"so the answer on the next line is?!"

[BrilloPad]

I think without debt repayments greek spending is about 60% of GDP, so clear the debt by defaulting and they can increase public spending and still carry a surplus.

They would just spend it all and stop collecting taxes.

[BrilloPad]

The country going live with the project I'm working on is Greece. And the Go-live is in 2 weeks

Are you printing Drachma notes?

[FatLazyContractor]

Are you printing Drachma notes?

Stamp papers, rather

[SimonMac]

They would just spend it all and stop collecting taxes.

If they collected taxes they wouldn't be in this mess!

[Unix]

And the alternative is/was?

There are only two solutions, either every country gives up control of fiscal police to an EU parliament or collapse of the whole Euro project.