The Euro and Eurozone are dying.

[sannyrut]

Yes about the swastika.The Greeks are having a field day portraying Germany as the conquering Reich again.Apparently the Greeks are going to vote on the bail out and associated austerity measures.Guess what,popular opinion says, the Greek voters don't want any more interference and will default.Heads up Cameron and horsefly(Clegg).Even the Chinese are sniggering at Sarkozy's fawning.Now give it 3 months to survive.

[Sandrats]

Be honest a brilliant piece of political manoeuvring by the Greek PM and whats more the sound of the the eurocrats ticking like clocks because the Greeks will get to see true democracy at work. Only when the people are given the power that real change will appear, the fiasco that was the EU membership in the UK last week is a classic example of the people being ignored.  What we have today is one man, one vote, once, every 5 years, all wrong!  Governments and politicians have to understand that they are our servants, not our masters.  A referendum on all major issues is the way forward for true democracy.  And this comes from a capitalist.

[peecee]

I heard about this referendum this lunchtime and the subsequent debate on the radio.  Can't remember his name but the guy was saying he thought it was fantastic because it meant the banks' would lose out financially.
the thought did cross my mind that it isn't the Governments who run the World, it is the banks.  They also make so much money out of us all I, for one, wouldn't mind the Greeks saying 'no'.
And yes, I would give it 3-6 months before it goes belly-up.

[Rimms]

What impact is all of this likely tp have on the Lira ?

[kaptainkrunchie]

It is a nice day in a small Greek village.
Times are bad, everyone has debts, and all live on credit.
On this day, Piet, a Dutch tourist drives through the village, stops in front of a small hotel.
He tells the owner he wants to have a look at the rooms, maybe rent one, and puts 100 € on the desk as a caution.
Hotel owner gives him a pair of keys.
With the visitor upstairs, hotel owner grabs 100 €, runs to his neighbour butcher and pays his debs.
Butcher takes 100 €, runs down the street and pays the farmer.
Farmer takes money and pays bill with milk cooling.
This guy takes money, goes to pub and pays his bar bill.
Bar owner moves the money to a prostitute sitting at the bar, with whom he had debts.
Prostitute runs to hotel to pay her 100 € bill.
The owner puts the money on the counter.
Piet comes down, says he dos not like the rooms, takes his money and disappears.

Nobody produced something, nobody has earned something, all debts are paid, all Greeks happy.

[sannyrut]

I note that the Greek PM has been ?summoned to appear before the Euro whatevers to explain himself.Sounds a bit like when the Irish Republic voted against Europe,and were told to vote again and get it right.Anyway,the Greeks reckon that Germany owes them £60 billion because when they were occupied in the 1940's by the Germans,the Italians failed twice to Hitler's disgust,the Greek Bank was forced to lend the occupying Germans a large sum of money which was never repaid.This now,with interest,is estimated to be the £60 billion.Sounds reasonable to me to ask for it back.I do however agree that the Greeks are not addressing their problems.Did you ever wonder if you were in Greece,the number of small properties that were finished and occupied on the ground floor,but had high tensile re-inforcement steel rods sticking up waiting for the first floor to be completed?It never was,because it was a tax dodge.The house had not been completed(and never would) so it was tax exempt because it was still being built.

[peecee]

Sounds like Turkey, Sannyrut:D