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When will Greece leave the Euro?
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When will Greece leave the Euro?

  #21 (permalink)
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puma View Post
@Wikmar

I am replying here to your post, because I dont know if they want this in the SP500 thread.



I can sum-up my point as: "Europe needs to get out of the Euro for Europe's sake."

There was a Europe before 2000 (before the Euro).
There was a common market, harmonized/low trade barriers.
There was peaceful collaboration.

Now, with & because of the EURO you have 50%+ youth unemployment in Spain/Italy/Greece
besides many other ills.
That is mental! They have every right to burn down the house - and they will.

A common currency forces common tax/fiscal system (meaning: shared debt under the same tax laws).
There is NO popular majority for this - anywhere in Europe (all (of the few allowed) ballots showed this).
One can summarize the EU policies of the last 3 years as salami tactics to sneak this shared debt in - via
backdoors & misnaming.

A common currency forces common economic policies. "One ring to rule them all ".
The ultimate central planing. The EUDSSR.

Of course this totally ignores any local unique characteristics:
e.g strong family business structure in Italy
or the deep rooted mistrust for government in Greece - probably going back to the conflict with Turkey or the 70ies

Dont think for a second, the economic malaise is your counties fault. Be proud of your nation (or local state).


This makes me -want to punch a Eurocrat - I dont see one right now.

If you look at a high resolution map of per capita productivity in Europe,you will see,
that Germany is incapable to lift its own underdeveloped east
- this situation persists for 25 years !

Europe needs to get out of the Euro for Europe's sake.


Mainly agree with you, @puma. In few words, UE has been very very bad calved, mainly because of many many interests among what it was not the citizens interest.

It is a destructive situation, and the worst is that the final fault becomes from the citizens, who have been accepting some candy poisoned, doesn't knowing what to do / choose.

Kind regards from the black hole.

Home people force
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  #22 (permalink)
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Ted Cruz leaves for Greece to Renegotiate Debt

Ha! What a headline that would be. lol

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  #23 (permalink)
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I voted never only because it would signal the failure of the grand plan by the Man, then possibly you would have "pile on the rabbit."

From today

https://futures.io/commodities-futures-trading/34295-cl-crude-oil-futures-contract-crude-analysis-thread-26.html#post474611

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@Big Mike, dig (dog) the avatar

About three years ago my wife wanted a dog so we went to the shelter and got what we were told was a Beagle Pug mix. Well it turned out that we have a Foxhound which is in the American Beagle family and unless you hunt they are not that "common." She's a treat for sure.


Last edited by WilleeMac; February 13th, 2015 at 05:06 PM. Reason: sp
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If Italy attacked Turkey from the rear would Greece help?

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  #25 (permalink)
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words like "never" and timing in gerneral
are a tricky issue in europe.


Hitler's "Thousand-Year Reich"
-> lasted 15 years


Erich Honecker (last "supreme leader" GDR)
1989-01-19:
„The Berlin wall will continue to exist in 50 years, and even in 100 years ..."
---> gone after 9 months


Mario Draghi, Naples, 2 October 2014
"... the euro is irreversible."
---> ...

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  #26 (permalink)
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At roughly 1300ET today


Quoting 
Live Squawk ‏@livesquawk 55m55 minutes ago

EU's Dombrovskis Says Now Up To Greeks To Decide If They Request An Extension Of Bailout; Will Meet With Greece When They Are Ready

-Bill

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  #27 (permalink)
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Greece gets a four month extension



-Bill_M

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  #28 (permalink)
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WilleeMac View Post
Greece gets a four month extension



-Bill_M

I believe it won't help at all. Just extend and pretend once again... Are capital controls attached to the extension?

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  #29 (permalink)
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Alphachase View Post
I believe it won't help at all. Just extend and pretend once again...

agree @Alphachase

the perverse thing is, even a finalized deal will do very little for Greek's economy or citizen, IHO

only to postpone the unavoidable

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  #30 (permalink)
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puma View Post
agree @Alphachase

the perverse thing is, even a finalized deal will do very little for Greek's economy or citizen, IHO

only to postpone the unavoidable

They don't want to be outdone by the clowns on this side of the pond or are they trying to keep up with US

I'm so confused

-Bill


Last edited by WilleeMac; February 20th, 2015 at 03:35 PM. Reason: sp, clarify
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