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Thread: Greece Considers Exit from Euro Zone

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    Greece Considers Exit from Euro Zone

    The debt crisis in Greece has taken on a dramatic new twist... Athens is considering withdrawing from the euro zone. The common currency area's finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night.

    Greece's economic problems are massive... German government sources knowledgeable of the situation in Athens indicating that Papandreou's government is considering abandoning the euro and reintroducing its own currency.

    Alarmed by Athens' intentions, the European Commission has called a crisis meeting in Luxembourg on Friday night.

    In short, a Greek withdrawal from the euro zone and an ensuing national default would be expensive for euro-zone countries and their taxpayers...

    Athens Mulls Plans for New Currency: Greece Considers Exit from Euro Zone - SPIEGEL ONLINE - News - International
    Nigel Farage nailed this long ago.





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    Last edited by zimmer; 05-08-11 at 04:49 PM.
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    Re: Greece Considers Exit from Euro Zone



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    Re: Greece Considers Exit from Euro Zone

    It will be never happened, Greece will stay in EURO-Zone, 100%.Period.
    Rom 6:23:For the wages of sin is death, but the gift of God is eternal life in Christ Jesus our Lord.

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    Re: Greece Considers Exit from Euro Zone

    Quote Originally Posted by Alfons View Post
    It will be never happened, Greece will stay in EURO-Zone, 100%.Period.
    There has been talk about another bailout for Greece, and there is the problem of Portugal... and then there is THIS problem; one that has flown way under the radar. True Finns kicked ass in the election 3 weeks ago and they can and are adamant about putting a stop to the current bail-out nonsense.

    Finnish election reveals the political cost of bailouts

    Here’s something the European Union’s rickety bailout talks didn’t need: a powerful showing by a populist, Euro-sceptic party in one of its strongest member nations.

    This was the blow delivered by Finland on Sunday, when the upstart True Finns won 19 per cent of the vote to become the country’s third largest political party.
    Finnish election reveals the political cost of bailouts - The Globe and Mail
    Finnish election results may spark euro jitters
    Nationalist party on course for strong showing, casting doubt on Portugal bailout
    Finnish election results may spark euro jitters - MarketWatch
    They were expected to do well in the rural areas, which has long been the party's base. But as the graphs show, they did well everywhere. They even polled pretty well in Helsinki, historically their weakest voting district.

    Read more: Finland: election results.
    Hyva Suomi!

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    Last edited by zimmer; 05-09-11 at 05:40 PM.
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    Re: Greece Considers Exit from Euro Zone

    Luxembourg Lies About Secret Meeting. Does That Help the Euro Zone? - Real Time Brussels - WSJ

    On the tape, Mr. Juncker says he has “had to lie” and, speaking about touchy economic topics, “When it becomes serious, you have to lie.”
    The instable Eurozone.

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    Re: Greece Considers Exit from Euro Zone

    This should not be in breaking news. This story is a week old at least.

    Also yet again a "German source" and it has all be denied by the EU, Germany, France and Greece, from official sources.
    PeteEU

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    Re: Greece Considers Exit from Euro Zone

    While the EU is certainly in for some rough times, perhaps in some cases the roughest in their history, it'll survive and almost certainly with Greece as a member. The political ramifications to member countries, not to mention the extreme ramifications to both the political and economic landscape of Greece, means no one will abandon them which essentially a forced exist from the EU would mean. I'm sure if it happened politicians would still say they'll support Greece, but it really wouldn't be the case.

    In fact I'd go so far to say that keeping Greece in the EU is the best case against communism or fascism, Greece was a dictatorship only 40 years and if you think about what the economic situation would look like if Greece left it could lead to a situation ripe for revolution of one kind or another. For example, what do you think a new Greek currency will be worth if Greece is forced to remove itself from the EU? The entire economy could literally collapse on itself.

    Anyway that's why I think Greece will stay in, and not be forced out. Also while this is a rough time for the EU, they will survive. I mean when the Southern States "considered an exit" and then actually did it, it wasn't the end of the United States although it certainly was a rough time.

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    Re: Greece Considers Exit from Euro Zone

    Quote Originally Posted by PeteEU View Post
    This should not be in breaking news. This story is a week old at least.
    LOL... read the WSJ story and then the OP... you'll find the WSJ claimed Der Spiegel broke the story ... May 6... when the meeting occurred. I don't know; perhaps you have a crystal ball?

    Also yet again a "German source" and it has all be denied by the EU, Germany, France and Greece, from official sources.
    So no meeting took place on Friday?

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    Re: Greece Considers Exit from Euro Zone

    Quote Originally Posted by Alfons View Post
    It will be never happened, Greece will stay in EURO-Zone, 100%.Period.
    I agree that Greece will stay in the Eurozone as well but it would not be due to financial competency at all. It would be more of a political rigidity that EU wants Greece to be considered to be politically unified with the EU.

    It seems to be a face issue to keep Greece with the EU and maybe it is time for EU and Greece to seriously think of WHAT THEY NEED rather than WHAT THEY WANT

    UKIP Nigel Farage - How dare you tell the Italian and Greek people what to do !!! Nov 2011 - YouTube

    based on what Nigel Farage has said, he suggested that there is a larger consipiracy than simply a unified currency for Europe. It is through gaining financial power that political power can be attained and the EU technocrats are acheiving exactly that right now.
    Last edited by Klaus.C; 11-22-11 at 11:14 AM.

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    Re: Greece Considers Exit from Euro Zone

    As a German, I say I wish my government finally opens the door to a transfer union of some kind, "eurobonds" and the like ... simply because I believe this option is still better than all others:

    As long as Merkel insists on austerity measures in exchange for aids, she fuels anti-German sentiment. No matter that it were others who spent like drunken sailors -- no, it's always the fault of the Germans. When the people in Greece and Italy, maybe soon Portugal and Spain too, meet hardship, as a result of their excessive spending, they will blame Germany. When Germany does not just flush down its well earned money down the toilet for them, but instead asks something in return -- that's apparently basically the same as Hitler did in WW2.

    The British are the worst. They have always hated Germany and Europe, and continue to do so -- at least their press is. It's nothing but one giant chauvinistic anti-German hate machine. For them, Merkel already is Ms. Hitler II.

    So on the long run, Germany would probably have to pay less, when it agrees to eurobonds without conditions now. Sure, it would slow down our economy by forcing us to pay higher interest rates, but that's still cheaper than being blamed by everyone else for causing the eurozone to collapse, the EU along with it, and even profiting from the crisis of others ... especially if that finally results in many former EU countries slipping into tyranny of fascist or socialist kind, as would inevitably happen, if there was no longer an EU to keep them sane.

    This all could very well happen, if this nice plan the German government and EU is working on, does not work out. So why not take bolder steps in the first place, dear Angela? You don't want Germany to be responsible for the biggest catastrophe of the 21st century, like it was in the 20st century already, do you?
    Last edited by German guy; 11-22-11 at 07:25 PM.
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