Will there be a Grexit?

[Zero Liability]

They probably are but have done it again.

I actually think the euro will work, Greece will fall into line eventually, might take 30 or 40 years but they will adopt fiscal practice and working conditions in line with northern Europe, eventually.

Perhaps. There's a lot of German politicians in opposition to this, and that is probably because they are quite in tune with their electorate. This is more a case of what the German government's executive wants more than anything else. Of course, the Greeks do have the option of Grexit and default. However, that isn't what Syriza wants. They just want the credit to keep flowing,

[d000hg]

On and on it goes. Now we'll know by Wednesday. Except we won't. Will there be anything left to save by the time they figure it out?

[browntractor]

The Greeks are building a massive short euro position in the markets at the minute. They have been doing it discretely for months.

The intention is to get as good a deal as possible from the creditors lulling the markets into a false sense of certainty, and then suddenly they will exit the euro. This uncertainty will cause chaos and the euro will plummet. The Greeks will exit their short position massively in profit, pay off their debts and rejoin the euro.

This is the real poker hand that is being played out.

[DodgyAgent]

Germans are tired of bankrolling states like Greece that have popular tax dodging culture, yet borrowed to the hilt on the strength of being a member of eurozone that is too big to fail.

The Germans removed the price competitive advantages that countries like Greece enjoyed by forcing the Euro on them. They were thus able to manufacture goods at low prices. They then lent money to the Greeks in order that they could buy German products. They have no one else to blame than themselves.

[browntractor]

The Germans removed the price competitive advantages that countries like Greece enjoyed by forcing the Euro on them. They were thus able to manufacture goods at low prices. They then lent money to the Greeks in order that they could buy German products. They have no one else to blame than themselves.

That's a load of rubbish. If you visit a number of euro countries the same product varies widely in absolute euro price, as do local salaries for a certain job (and perhaps it follows that the locale adjusted cost is possibly roughly the same). You can earn a lot of euros in germany and spend them in the cheaper med countries, and live very very well. I'm doing exactly that.

[darmstadt]

The Germans removed the price competitive advantages that countries like Greece enjoyed by forcing the Euro on them. They were thus able to manufacture goods at low prices. They then lent money to the Greeks in order that they could buy German products. They have no one else to blame than themselves.

Bollocks

One of the biggest culprits are those bankers beloved of the righties: Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro - Europe - World - The Independent

In fact, most of the their problems are of their own doing: Greece although the EU and the ECB should have been a bit more stringent in their dealings and monitoring of Greece

[Unix]

On and on it goes. Now we'll know by Wednesday. Except we won't. Will there be anything left to save by the time they figure it out?

Eurogroup is hoping by then Syriza will fall and the euro gimp technocrats will take over. Game set and match

[BrilloPad]

On and on it goes. Now we'll know by Wednesday. Except we won't. Will there be anything left to save by the time they figure it out?

I reckon I will be dead by the time this is over. And I plan on living long enough to be a burden to my children.

[BrilloPad]

Bollocks

One of the biggest culprits are those bankers beloved of the righties: Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro - Europe - World - The Independent

In fact, most of the their problems are of their own doing: Greece although the EU and the ECB should have been a bit more stringent in their dealings and monitoring of Greece

How else would they achieve the 4th Reich?

[darmstadt]

How else would they achieve the 4th Reich?

Buy Goldman Sachs and Soceite General