Hampster Gull
Well-known member
- Dec 22, 2010
- 13,465
According to some LSE research, the debt cancellation for the eurozone, greece, ireland etc, would be equivalent to the debt the allies cancelled after WW2.
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Greece crisis: Europe on edge over snap election
- Thread starter TomandJerry
- Start date
TomandJerry
Well-known member
- Oct 1, 2013
- 12,323
- Thread starter
- #302
Meanwhile, the Greek news portal newsit.gr is reporting that Germany has no desire to see anything conclusive out of today’s euro group – and has gone so far as to suggest that Berlin’s objective is to deliberately sabotage negotiations so that an emergency summit of EU leaders is held next week.
Helena Smith in Athens says there is mounting speculation that a summit will be called next Tuesday (after the Greek bank holiday of ‘clean Monday” marking the start of Lent). “Germany’s aim is for tonight’s euro group to fail so that we are lead to a summit meeting in which Tsipras sits opposite Merkel and each one shows their cards at whatever cost,” the news site said.
Helena Smith in Athens says there is mounting speculation that a summit will be called next Tuesday (after the Greek bank holiday of ‘clean Monday” marking the start of Lent). “Germany’s aim is for tonight’s euro group to fail so that we are lead to a summit meeting in which Tsipras sits opposite Merkel and each one shows their cards at whatever cost,” the news site said.
Ah yes, so when Greece joined the Euro having cooked their books and lied about their financial status who was consulting the rule book then?
TomandJerry
Well-known member
- Oct 1, 2013
- 12,323
- Thread starter
- #304
Over in Athens, Mega TV on its flagship news programme is reporting the following, says Helena Smith:
A four-month extension of Greece’s bailout programme is in the works
The interim programme will not include austerity measures
Greece commits to not making any unilateral moves - such as raising the minimum wage or protecting primary homes from foreclosures
A four-month extension of Greece’s bailout programme is in the works
The interim programme will not include austerity measures
Greece commits to not making any unilateral moves - such as raising the minimum wage or protecting primary homes from foreclosures
BensGrandad
New member
How will his affect the Euro and travelers and holiday makers going to other parts of Europe?
jakarta
Well-known member
Good to note that some people are seeing the Big Picture in all of this.......
BensGrandad
New member
Is this not what the average man in the street is concerned about, as it directly affects them. This then enables them to see the reality of the crisis.
TomandJerry
Well-known member
- Oct 1, 2013
- 12,323
- Thread starter
- #308
In Athens, SKAI TV’s flaghsip news programme has confirmed that Greece must produce a list of reforms by Monday - and that it will be a labour-intensive weekend for the government.
The reforms will include Greece detailing how:
it will crack down on tax evasion and corruption - both endemic in Greek life
it will reform the country’s dysfunctional public administration
it will tackle Greece’s humanitarian crisis, the result of six years of recession and relentless EU-IMF-dictated austerity, the price of emergency rescue funds
The reforms will include Greece detailing how:
it will crack down on tax evasion and corruption - both endemic in Greek life
it will reform the country’s dysfunctional public administration
it will tackle Greece’s humanitarian crisis, the result of six years of recession and relentless EU-IMF-dictated austerity, the price of emergency rescue funds
jakarta
Well-known member
Also:
How it will defeat ISIS
How it will stop the violence in the Ukraine
How it will cure cancer
Job should be a good 'un by Saturday evening I reckon.
Oh well. See you all again in 4 months.
Hampster Gull
Well-known member
- Dec 22, 2010
- 13,465
Wouldn't happen in Germany
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,015
so Greece lost, though apparently a key concession on not having to increase their primary surplus, so gives them wiggle room back home. Greece has probably got out of it what they realistically hoped to get.
For once I agree with you
The interesting stuff will be 4 months from now. It was alluded by the French IMF woman and the main Eurogroup guy (who took most of the questions) that going forward from this 4 month point "it might be different". I guess the Greeks need to behave themselves between now and then. We'll see.
Quite. The German economy is doing rather well
German Economy Builds Momentum After Leading Europe in 2014
http://www.bloomberg.com/news/artic...ilds-momentum-after-leading-euro-area-in-2014
Hampster Gull
Well-known member
- Dec 22, 2010
- 13,465
Indeed. I struggle to have anything but admiration for the German economy
Green Cross Code Man
Wunt be druv
Leading Europe? I think you mean the moribund eurozone.
- Jan 18, 2009
- 4,885
I know you tories only view the success of a country through its commerce, however the electorate are not endorsing Der Kaiser Merkel as a consequence.
http://www.dw.de/merkel-bitter-result-for-cdu-in-hamburg/a-18261074
Worst ever electoral result for the CDU in Hamburg and the first seats won in West Germany by an anti EU party (AFD) that is less than 2 years old.
The Germans have always been a bit slow on the uptake, looks like they are finally getting the hang of democracy. Good for them.
So, the CDU were beaten in a council they didn't actually hold? Jesus, with your ability to dredge the further reaches of the internet, is this really the best you can do?
And let's not forget the fact she was voted back in for a third term with a record 42% of the vote just under 18 months ago. Some loser eh?
TomandJerry
Well-known member
- Oct 1, 2013
- 12,323
- Thread starter
- #320
Greek political unrest and deepening debt crisis fuel talk of snap election
The worsening Greek debt crisis has reanimated talk within the ruling Syriza party of a snap general election if discussions with creditors fail, as the country faces a Thursday deadline to repay a €450m (£330m) loan to the International Monetary Fund.
The Greek finance minister, Yanis Varoufakis, was scheduled to hold informal talks with the IMF’s managing director, Christine Lagarde, in Washington DC on Sunday, while warnings of early elections underscored the political unrest in Athens.
The slow pace of negotiations with creditors and worsening state of the Greek economy brought a warning from the far-left Syriza of snap polls being held before the summer – just months after winning power.
“If we are not satisfied [with the outcome] we will go to the people,” Kostas Chrysogonos, a prominent Syriza MEP told local media at the weekend. “We have a popular mandate to bring about a better result,” he said of the talks aimed at concluding a reform-for-cash programme to keep the crisis-hit country afloat. “If, ultimately, creditors insist on following an inflexible line … then the electoral body will have to assume its responsibilities.”
http://www.theguardian.com/world/2015/apr/05/greek-finance-minister-informal-talks-imf-greek-debt-crisis
The worsening Greek debt crisis has reanimated talk within the ruling Syriza party of a snap general election if discussions with creditors fail, as the country faces a Thursday deadline to repay a €450m (£330m) loan to the International Monetary Fund.
The Greek finance minister, Yanis Varoufakis, was scheduled to hold informal talks with the IMF’s managing director, Christine Lagarde, in Washington DC on Sunday, while warnings of early elections underscored the political unrest in Athens.
The slow pace of negotiations with creditors and worsening state of the Greek economy brought a warning from the far-left Syriza of snap polls being held before the summer – just months after winning power.
“If we are not satisfied [with the outcome] we will go to the people,” Kostas Chrysogonos, a prominent Syriza MEP told local media at the weekend. “We have a popular mandate to bring about a better result,” he said of the talks aimed at concluding a reform-for-cash programme to keep the crisis-hit country afloat. “If, ultimately, creditors insist on following an inflexible line … then the electoral body will have to assume its responsibilities.”
http://www.theguardian.com/world/2015/apr/05/greek-finance-minister-informal-talks-imf-greek-debt-crisis