If Greece hadn't have joined the Euro, would they still be happily trundling along, as they were prior to joining?
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A question for all you Greek economists
- Thread starter Stat Brother
- Start date
Leekbrookgull
Well-known member
Well i would have thought their tourist trade would be alot better if they had stayed out,but have no evidence to back that up. Just that tourism plays such or did part in their economy. Could well be wrong.
GreersElbow
New member
Wouldn't have been pumped with money by the Germans for one...Not entirely sure though, they weren't exactly prosperous before that.
- Thread starter
- #4
But has that only happened because of the Euro
No they weren't and I don't know how long they had been running the finances as they were.
But they weren't paying taxes and retiring at 18, for long enough, and it wasn't a problem.
Would they have carried on as they were or would it have imploded anyway?
- Thread starter
- #6
You'll be surprised.
GreersElbow
New member
I know that is because of the Euro, I never said otherwise. I haven't read much into pre-EU Greece, so if they had been retiring at young ages and not paying taxes, well then yes, it would be the same. Greece got itself into its mess, expecting the EU to prop itself up, now they're going mad. I had read somewhere that there's more ferrari owners than there are register people earning over $50,000...so yes, they would have imploded.
GingerBeerMan
3-0
- Dec 29, 2011
- 8,204
Good question. It would have been a hell of a lot easier to sort out if they weren't in the Euro though (assuming it still happened).
BensGrandad
New member
How do you think will this affect the Euro for the holiday season this year. It rose a few weeks ago but has dropped again this week maybe on the strength of the Greek economic crisis.
- Thread starter
- #10
I was listening to an interview, this morning (which is what made me think of the question).
The expert said, generally Greece is left/socialist thinking.
Currently none of the regular parties are polling well.
Of the 3 that are. the most mainstream is, The Communist Party
The next round of Greek elections aren't too far off.
If they were tomorrow a party would be elected on the platform of throwing this deal back.
The expert said, generally Greece is left/socialist thinking.
Currently none of the regular parties are polling well.
Of the 3 that are. the most mainstream is, The Communist Party
The next round of Greek elections aren't too far off.
If they were tomorrow a party would be elected on the platform of throwing this deal back.
severnside gull
Well-known member
If money isn't the root of all evils there is a strong case for saying that the euro currently is.
The fringe nations, Spain, Portugal, Greece, Eire, even Italy would have been better positioned to first of all avoid the disasters that have befallen them, and certainly to have ridden out the storm had they not been part of the single currency. The pressure to ride the fiscal coat-tails of Germany and its "kleinen bruder", France, during a time of global financial meltdown put them in an impossible situation. The eastern fringe nations whose economies are still to a greater degree in post-communist recovery and with less developed trading relationships with mainstream europe have been protected to some extent but unless there are significant economic changes in the near future they will have little choice but to (further) subjugate their economies to Germany's or (re)turn to the east.
I find it difficult to see how the european community can continue with its current form or membership and fragmentation will surely happen with the German-lead power block becoming increasingly self-focussed.
In the event that the tories get re-elected with a significant majority at the next election it would surely be no surprise to see a referendum on the UK leaving the EC being brought on to the agenda. Outside the single currency we have our best chance to survive and prosper. Outside the community in which we are increasingly marginalised we may find that the benefits outweigh the disadvantages.
Just my view like
The fringe nations, Spain, Portugal, Greece, Eire, even Italy would have been better positioned to first of all avoid the disasters that have befallen them, and certainly to have ridden out the storm had they not been part of the single currency. The pressure to ride the fiscal coat-tails of Germany and its "kleinen bruder", France, during a time of global financial meltdown put them in an impossible situation. The eastern fringe nations whose economies are still to a greater degree in post-communist recovery and with less developed trading relationships with mainstream europe have been protected to some extent but unless there are significant economic changes in the near future they will have little choice but to (further) subjugate their economies to Germany's or (re)turn to the east.
I find it difficult to see how the european community can continue with its current form or membership and fragmentation will surely happen with the German-lead power block becoming increasingly self-focussed.
In the event that the tories get re-elected with a significant majority at the next election it would surely be no surprise to see a referendum on the UK leaving the EC being brought on to the agenda. Outside the single currency we have our best chance to survive and prosper. Outside the community in which we are increasingly marginalised we may find that the benefits outweigh the disadvantages.
Just my view like
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,014
Yes, Greece would have been happily trundling along.
they only got into the mess because they were able to borrow in Euros, on some elses credit rating (Germany, Holland, Denmark, France). its like a young chap at college doing a bit of bar work and larking with his mates getting a credit card by returning the application forms with Dad's details. if they hadnt been in the euro they simply wouldnt have got the credit they did, so wouldnt be in this trouble.
they only got into the mess because they were able to borrow in Euros, on some elses credit rating (Germany, Holland, Denmark, France). its like a young chap at college doing a bit of bar work and larking with his mates getting a credit card by returning the application forms with Dad's details. if they hadnt been in the euro they simply wouldnt have got the credit they did, so wouldnt be in this trouble.
newhaven seagull 85
SELDOM IN NEWHAVEN
- Dec 3, 2006
- 966
I was listening to an interview, this morning (which is what made me think of the question).
The expert said, generally Greece is left/socialist thinking.
Currently none of the regular parties are polling well.
Of the 3 that are. the most mainstream is, The Communist Party
The next round of Greek elections aren't too far off.
If they were tomorrow a party would be elected on the platform of throwing this deal back.
i heard this interview,he actually suggested that the greeks would vote in the far left who would then default,what a waste of 130billion.the Euro nations should get greece to default now.
- Thread starter
- #14
Ah thank you.
I hadn't thought of it like that, you're talking sense. (so stop)
philsussex
New member
A fair few Palace fans do. They might be able to give us an insight into bankruptcy
cloud
Well-known member
Αν αυτή η χώρα μπορούσε να ξεφύγει για λίγο από το κλίμα της γκρίνιας, της άρνησης και της ψευδαίσθησης, προκειμένου να αντικρίσει την πραγματικότητα, θα διαπίστωνε ότι οι κακορίζικοι και αντιπαθητικοί εταίροι δανειστές μας κυρίως, αλλά και το ΔΝΤ, που τολμούν να επιβάλλουν μέτρα και δεσμεύσεις στην Ελλάδα, που «το μεγαλείο της βασίλεμα δεν έχει», στα δύο χρόνια της περιπέτειας πάνω από την άβυσσο της χρεοκοπίας, της εξόδου από την Ευρωζώνη και της επιστροφής στη δραχμή με όλες τις συνέπειες, έχουν κάνει τα εξής:
philsussex
New member
If this country could get away for a bit of grumbling climate of denial and delusion, in order to confront the reality, we found that kakorizikoi disliked partners and our lenders mainly, but also the IMF, who dare to impose measures and commitments in Greece, "the greatness of the kingdom has" two years in the adventure over the abyss of bankruptcy, the exit from the eurozone and return to the penny with all the consequences, have done the following:
[still don't understand]
[still don't understand]
Probably. After PFI took off in the UK all the Banks went to look for other countries to adopt the model. Two of the main targets being Spain and ...er..Greece...
Tooting Gull
Well-known member
- Jul 5, 2003
- 11,033
I think they'd have been fine. I don't think having the Euro has done them any tourism favours at all compared to the previous situation, and as they are heavily reliant on that (a lot more than some) it's knackered them in value for money terms.
Pretty sure Turkey will cool on the idea as a result of all this, for the same reason. That's if they ever would have got let in in the first place, of course...
Pretty sure Turkey will cool on the idea as a result of all this, for the same reason. That's if they ever would have got let in in the first place, of course...