Eurodoom!

rynnor

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Greece will default, the Euro will breakup and we'll all suffer for a decade - discuss :p
 

CorNokZ

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Not part of the Euro, so Denmark will not be affected as much as other parts of Europe. Greece will be thrown out followed by Portugal a couple of years later. Turkey will not be allowed to enter the EU and the European economy steadily starts getting better
 

Job

The Carl Pilkington of Freddyshouse
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Ah the Eurozone, partly made to decrease the chance of another European war, it's bloody well increased the chances!

Which is no surprise, cos it was made and is run by a committee.

But don't worry, our President will save the day.
220px-Herman_Van_Rompuy_at_the_37th_G8_Summit_in_Deauville_030.jpg
 

Zenith.UK

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Greece will default, the Euro will breakup and we'll all suffer for a decade - discuss :p
Greece - almost a certainty.
Euro - a probability, more likely a revaluation.
Decade - try 2 or 3 decades. The financial sector will find itself regulated more harshly in western economies, making it more risk averse and less likely to lend money.
 

Fafnir

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First we can start with taking about 99-100% of the money back from all the investment bankers etc who are behind the crisis. Should be a few billion to collect there. Since so many of them recived millions in salary, for doin such a pisspoor job.
 

chipper

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its at this point im really glad england never joined the euro.
 

chipper

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not a patch on how much has been baled out to prop up greece
 

Job

The Carl Pilkington of Freddyshouse
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First we can start with taking about 99-100% of the money back from all the investment bankers etc who are behind the crisis. Should be a few billion to collect there. Since so many of them recived millions in salary, for doin such a pisspoor job.

The problem is they made all the money for us in the first place, we can't touch them because without them we have nothing.
 

Chilly

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The problem is they made all the money for us in the first place, we can't touch them because without them we have nothing.

lies. without miners, scientists and basic workers we have nothing. bankers provide efficiency, but NOT actual growth.
 

Scouse

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Greece will "partial default" but not leave the Eurozone. The economy will get harsher and harsher and eventually the politicians will do what's been in the planning since we joined europe in the 70's - fiscal union.

United states of europe, despite it being very illegal, will happen. Sooner or later.

Economics trumps law every time.
 

Lamp

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Better hope Gimmly can find us a place to stay in Thailand
 

kiliarien

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Let the eurozone collapse.....as long as eurovision goes with it.
 

CorNokZ

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If Eurovision dies, then I die! It is THE best drinking game in the entire world! Shame that it is only once a year :(
 

Ch3tan

I aer teh win!!
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First we can start with taking about 99-100% of the money back from all the investment bankers etc who are behind the crisis. Should be a few billion to collect there. Since so many of them recived millions in salary, for doin such a pisspoor job.

yawn, more bollocks about bankers.

Greece is fucked because of corrupt government and a lazy society that expects to be molly coddled.

The Eurozone is in trouble because it expanded too fast and they broke their own rules.
 

Wij

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yawn, more bollocks about bankers.

Greece is fucked because of corrupt government and a lazy society that expects to be molly coddled.

The Eurozone is in trouble because it expanded too fast and they broke their own rules.

To be fair, the banks were happy to lend Greece pots of money :)
 

throdgrain

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yawn, more bollocks about bankers.

Greece is fucked because of corrupt government and a lazy society that expects to be molly coddled.

The Eurozone is in trouble because it expanded too fast and they broke their own rules.

Nail on head.
 

Raven

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Add to that, building far to much shit that nobody needs at twice the cost.
 

Uncle Sick

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yawn, more bollocks about bankers.

Greece is fucked because of corrupt government and a lazy society that expects to be molly coddled.

The Eurozone is in trouble because it expanded too fast and they broke their own rules.

I thought inside trading and shit was a global thing. Last time I checked, millions of people around the world lost savings and homes thanks to de-regulated banksters who can't ever get enough.

I want to hear about bankers who lost their homes and life savings... owait, they got their bonus checks from government bailout money.

There should be a banker hanging from every lamp post in NYC, London and Frankfurt. That might change some attitudes.
 

Punishment

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Yea the US is/has done the same thing by totally leaving the gold standard behind which was once thought of as unthinkable, the whole global economy just overextended itself in a big way, differed from country to country, for example in Ireland it was the housing sector/pricing speculation
 

Job

The Carl Pilkington of Freddyshouse
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lies. without miners, scientists and basic workers we have nothing. bankers provide efficiency, but NOT actual growth.

Which is exactly what we don't have, the city makes nearly all our money and then loses it, we are basically funded by a gambling addict.
 

Gahn

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Greece will default, the Euro will breakup and we'll all suffer for a decade - discuss :p

Trust me Usa, China and Emerging Markets are keeping the Euro high for a good reason, they don't really want it to break up, heck i would love to get back old currencies and see the Eu zone export rate skyrocketing ...
 

DaGaffer

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yawn, more bollocks about bankers.

Greece is fucked because of corrupt government and a lazy society that expects to be molly coddled.

The Eurozone is in trouble because it expanded too fast and they broke their own rules.

Its not as simple as "Greeks 'r bad, m'kay?" Yes, everything you said is correct, but none of that lets the banks off the hook; Greece is the worst case because the people systematically refuse to pay tax and the government is as bent as a nine-bob note (NB. Cyprus has a smaller economy, but culturally its exactly the same; I expect them to come bleating for cash very soon), but the banks fuelled their unsustainable borrowing, just like they did in Ireland and Spain. By any measure, Greece was a bad risk as a country long before the crisis, but just like a sub-prime hillybilly, the banks kept throwing cash at them.

The problem for Europe is that the EU institutions still foolishly believe they have some control over the situation, and they simply don't, mainly because the most important group of people in Europe is not the EU commission, or the parliament, the ECB or even the banks, its the German voters; they're the ones who will ultimately put a stop to the whole gravy train, because they're looking around and seeing all these countries leaching the life out of them and they're going to say "no more" at the next election, and once they do that you might still have a much smaller Euro or even a return to the Dmark. It would be a massive economic shock to Europe if the Germans did it, but they've already hit 50% support for a return to the Dmark and the people are rightly asking why and for how long they have to keep paying for all these basket case economies. One or two more bailout crises (another Greek one, or worse Spain) and that will be it.
 

Embattle

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In my view it is/was the banks, governments and then the general public that share the blame but it tends to be easier just to blame the banks which sits easier will the other two groups to do so.

The Euro was a good idea but its implementation and control has been rather rubbish, you look at countries like Greece and in reality you are looking at a country that should never of been allowed to join at the time it did.
 

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