Will there be a Grexit?

[BrilloPad]

Looks like the Germans want to crush the Greeks.

[MicrosoftBob]

I'm sad to see the back of Yanis too, but from what I read I don't think Mr Tsakalotos is the reforming type.

But what of his missus, does she still want to be with the common people and do what common people do ?

[BrilloPad]

But what of his missus, does she still want to be with the common people and do what common people do ?

Starve?

[DodgyAgent]

Looks like the Germans want to crush the Greeks.

They would have done it already if they had

[BrilloPad]

Someone suggested earlier that the Greeks should exit out of the Euro for a while - then rejoin at a more sensible rate.

I can see benefits - it would certainly reduce Greek public sector wages. And act as a devaluation.

But it is no good if the Greeks cannot collect their taxes!

Thoughts?

[Fishface]

a parallel currency and economy would suit them.

Give them the an economic union with Argentina and the peso.

That'll be a cock fight worth watching.

[Zero Liability]

Looks like the Germans want to crush the Greeks.

Well they can't stay in the Euro and expect the Germans to want to bail them out and continue subsising theirs and others' imports. The German government may be taking a hardline stance here but the German taxpayer certainly should not be forced to pick up the tab for this. Imagine if it were Britain and not Germany in this situation. I doubt anyone here would be overly sympathetic.

Time to exit the Euro, default on the debt, let the creditor governments take their losses, and start anew, and hopefully learn a lesson in the process.

[eek]

Well they can't stay in the Euro and expect the Germans to want to bail them out and continue subsising theirs and others' imports. The German government may be taking a hardline stance here but the German taxpayer certainly should not be forced to pick up the tab for this. Imagine if it were Britain and not Germany in this situation. I doubt anyone here would be overly sympathetic.

Time to exit the Euro, default on the debt, let the creditor governments take their losses, and start anew, and hopefully learn a lesson in the process.

Germany welcomed them into a single currency knowing what they were like.

They need to accept and pay for the consequences of what they did. And remember that in 1953 europe wrote off most of Germany's debt. More than Greece is hoping for..

[Zero Liability]

How is that the responsibility of the German taxpayer, as opposed to German politicians? We know full well from this country that the interests of the two 'classes' seldom intersect, even less so the farther away events are situated in time. I'm all for German politicians - and Greek politicians - paying for the consequences of their actions. Unfortunately, with the damage they've wrought, it'll be impossible to do that, but equally it's as good a point as any to stop, i.e. no more bailouts, no more debt subsidisation, and write-offs for the creditors to deal with, rather than try and pretend away.

I also don't find the arguments surrounding Germany's debt write-off hugely convincing (partially because they're neglecting the part where German assets fell significantly in value following the incident), but then I think Greek debt is not remotely serviceable and should be written off. I think the Germans already know this will happen; what they don't want is to continue this whole farce.

[eek]

How is that the responsibility of the German taxpayer, as opposed to German politicians? We know full well from this country that the interests of the two 'classes' seldom intersect, even less so the farther away events are situated in time. I'm all for German politicians - and Greek politicians - paying for the consequences of their actions. Unfortunately, with the damage they've wrought, it'll be impossible to do that, but equally it's as good a point as any to stop, i.e. no more bailouts, no more debt subsidisation, and write-offs for the creditors to deal with, rather than try and pretend away.

I also don't find the arguments surrounding Germany's debt write-off hugely convincing (partially because they're neglecting the part where German assets fell significantly in value following the incident), but then I think Greek debt is not remotely serviceable and should be written off. I think the Germans already know this will happen; what they don't want is to continue this whole farce.

Which is why they offered they take it or leave it offer with no debt write off as Greece and the imf said we need to write this debt off