Will there be a Grexit?

[minestrone]

I honestly don't know why everyone thinks Greece leaving will be the end of the euro. they will leave, the tulip will hit the fan for them and no one else will want to go through it. I would say it will strengthen the euro if Greece leave.

[minestrone]

So the options for Greece are, stay in the political and financial union and be kind of fooked, leave but keep using the currency and be really fooked or leave and make your own currency and be really fooked.

If you are a Scottish nationalist you think the last 2 options are definitely the best.

[FatLazyContractor]

If you are a Scottish nationalist you don't have the mental abilitiy/faculties to think .

FTFY

[Zero Liability]

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

The root of the problem is their excessive spending. Tax collection is simply secondary to that.

I think the "institutions" are just biding their time till Sunday, in the hopes/expectation that the referendum (which they didn't even need to ask for) will go in their favour, delegitimising Syriza, and putting in power a government more amenable to their ends.

[PurpleGorilla]

Troika secret documents reveal Greece can't pay its debts even with silly 4% p/a growth forcasts. This is explosive;
http://www.theguardian.com/business/...s-still-needed

[pjclarke]

Whatever happens one outcome will be the revealing of the emptiness of left wing ideology

Conclusions first. Facts later. No time wasted. Like it.

(nb Greece has been run by the centre-right New Democracy party for the last 2.5 years)

[pjclarke]

I take it back. Greece is Billions of euros in debt because ...

Windfarms.

[FatLazyContractor]

I take it back. Greece is Billions of euros in debt because ...

Windfarms.

Was that article written by MF?

[MicrosoftBob]

The root of the problem is their excessive spending. Tax collection is simply secondary to that.

I think the "institutions" are just biding their time till Sunday, in the hopes/expectation that the referendum (which they didn't even need to ask for) will go in their favour, delegitimising Syriza, and putting in power a government more amenable to their ends.

I think the EU wants a No vote, above all they want to set an example to other European countries

The EU doesn't win fiancially, and in the long term this might not save the Euro, but Grexit is what they wanted to happen even whilst they protest the opposite

It's a political message above any notion of economic reality, a game both sides are playing

[BrilloPad]

I think the EU wants a No vote, above all they want to set an example to other European countries

The EU doesn't win fiancially, and in the long term this might not save the Euro, but Grexit is what they wanted to happen even whilst they protest the opposite

It's a political message above any notion of economic reality, a game both sides are playing

EU want a Grexit. Followed by Greek misery.

Will be interesting to see what happens when, 6 months after Grexit, Greece is booming....