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

  #41 (permalink)
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As The World Turns, I thought that went out in 2010 - guess not


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Greece Misses 1st Commitment: Delays Reform List Delivery Until Tuesday

-Bill

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  #42 (permalink)
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It's necessary to start somewhere. No matter what you thing of socialist policies, the entrenched corruption that was being shielded by previous governments is a huge problem for Greece. These governments spend a couple of years starving the poor through austerity, IMO the new government should at least try to increase revenue somehow.

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  #43 (permalink)
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skoa View Post
It's necessary to start somewhere. No matter what you thing of socialist policies, the entrenched corruption that was being shielded by previous governments is a huge problem for Greece. These governments spend a couple of years starving the poor through austerity, IMO the new government should at least try to increase revenue somehow.

Sure. The problem is rich people is a minority, and they can move. If there's no favourable cultural background, IMO is nearly impossible to stop corruption, tax evasion, etc...

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  #44 (permalink)
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We're forgetting about a very important player in all of this "stuff."

Goldman Sachs (of which nothing will happen.)

-Bill

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I thought I read that Miami has a larger GDP than Greece. Puts things in perspective.

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  #46 (permalink)
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Click on settings for English subtitles (Gear icon, lower right corner by CC)

-Bill

*Some* language (if you understand Greek, German, Russian or)



EDIT

https://www.youtube.com/watch?v=ObpSd9DVD9E


Last edited by WilleeMac; February 24th, 2015 at 07:28 AM.
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List of reforms (as of this post - date, time)

-Bill

Greek reforms list now revealed - Forexlive

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  #48 (permalink)
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Quoting 
RT ‏@RT_com 47m47 minutes ago

URGENT: Eurozone ministers approve €172bn bailout extension for Greece Eurozone backs Greek reforms, enabling ?172bn rescue extension ? RT Business

-Bill_M

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  #49 (permalink)
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In every other year the euro and the Euro Zone claim attention as when they possibly come to dead, sooner or later.

If one looks back the history of the Euro Zone which backs the currency, it is getting more and more coherent and closely coupled. Keep in mind that the structure is very different than in the US and as such it is hard to impossible to compare them one on one.

So either Greece goes bankrupt and kicked off the EZ with a fall back to drahma the euro itself is just going to be more solid. Drahma can be seen as a tragedy as losing the strong euro in the country but also a chance to regain control over the county's currency. As we know a weak currency can boost the export and begin building some prosperity.

Sure the huge debt is THE Question since if it gets written down then other EZ members also might want to go that way. The whole play is around how to handle the situation without losing control over the euro itself.


Last edited by lezzlee; February 25th, 2015 at 07:46 AM. Reason: typo
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Alphachase View Post
They would be far better off leaving the Euro. And sooner is better. It maybe painful in the very beginning but it will "bear fruits" later on.

Agree



Alphachase View Post
Southern European economies have never been and will never be as productive, efficient and competitive as contemporary German's one.

Not true IMO.

For the first, for example; get back to some years after the German reunification.

For the second; never a hegemony was always and forever (Roman, Spanish, British Empire, etc.). Are we seeing the first?.

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