Reply to: Greek Austerity Measures...

[The Spartan]

As soon as they can't afford Sky TV there will be riots

There should be a law against benefit scum being able to have Sky

[amcdonald]

We wont need soldiers on the streets here. Fortunately there are far too many sheep. The chavs wont riot except for self interest and can easily be placated.

As soon as they can't afford Sky TV there will be riots

[lukemg]

sooner or later in all the countries being squeezed, someone will say vote for me and I will tell them to stick it and will get in. Oh, it's already happened......

[SupremeSpod]

Does Greek Austerity Measures mean only taking it up the arse once every week. EO will never agree to that reduction.

Ha ha ha ha you so funnneeeee! You number 1 funneee f*cker!


Not.

[EternalOptimist]

Whats to stop a Eurozone country getting into the same mess in the future ? not much
They either have to break up the whole dumb idea, or go for political union and control

I am reasonably certain that we wont see any Eurocrats looking through the bins for an onion

[MarillionFan]

Does Greek Austerity Measures mean only taking it up the arse once every week. EO will never agree to that reduction.

[Diver]

Grossekoalition Merkel Peer Steinbruck bruser Schaueble Finanzminister

Wibble

[Doggy Styles]

What is a bruser?

A small table. Steinbruck is a small table.

[petergriffin]

Steinbruck is a bruser like Schaueble who's currently the Finanzminister. The French would still be negotiating with a brick wall.

What is a bruser?

[BlasterBates]

There will be a Grossekoalition with Merkel still Chancellor but very weakened and Peer Steinbruck the effective economic leader.

Steinbruck is a bruser bruiser like Schaueble who's currently the Finanzminister. The French would still be negotiating with a brick wall.

[petergriffin]

And will Merkel get booted out at the next election?

There will be a Grossekoalition with Merkel still Chancellor but very weakened and Peer Steinbruck the effective economic leader.

[DodgyAgent]

Sorry - but what is to stop them printing the bits of paper? Sorry if I am being thick.

You are taking my position, watch it!

Where do they get money to pay their bills if they havent got any Euros left? answer - they create their own currency and pay people with those which are effectively IOUs that can be traded within Greece.

[Old Hack]

The advantage Argentina has is plenty of practice!

Indeed, but banks do still lend to it! Thats what I consider mad.

[Doggy Styles]

Can't grumble at that.

But once they do default, they do have the luxury of reintroducing a currency most of their population will be familiar with. I see similarities with Iceland, and Argentina, but you're right about it being slightly different, and it being a bigger game of cards than before.

The advantage Argentina has is plenty of practice!

[Old Hack]

I know what you mean, but I was pointing out that the two cases are vastly different.

Iceland are a single small nation where the effects of their bank defaults were limited, and they were able to carry out a recovery because they had their own independent currency.

Greece is a larger nation, does not have its own currency to play with, and is deeply assimilated into the eurozone. Its problems directly affect many other nations, and leaving the eurozone will be a nightmare, which is why everyone is doing whatever they can to avoid it.

Can't grumble at that.

But once they do default, they do have the luxury of reintroducing a currency most of their population will be familiar with. I see similarities with Iceland, and Argentina, but you're right about it being slightly different, and it being a bigger game of cards than before.