Greece: Greenspan predicts exit from euro inevitable

[redsn0w]

So no one here is greek and can tell his personal opinion (as citizen of Greece)? I think we are at the end, the system is going to fail.

most people in this forum think that politics is choosing between democrats and republicans. They also think that if they have heard something from CNN or DW it must be the truth! So there is no point in discussions really...


But here have a hint. The problem is systemic. Even if everything doesnt collapse with just Greece it will eventually collapse. Rather soon i might say.

Oh thanks for your opinion, you are right about the mass-media and this is why I have created this thread.

[picolo]

So no one here is greek and can tell his personal opinion (as citizen of Greece)? I think we are at the end, the system is going to fail.

most people in this forum think that politics is choosing between democrats and republicans. They also think that if they have heard something from CNN or DW it must be the truth! So there is no point in discussions really...


But here have a hint. The problem is systemic. Even if everything doesnt collapse with just Greece it will eventually collapse. Rather soon i might say.

Oh thanks for your opinion, you are right about the mass-media and this is why I have created this thread.

Greece is asking for a new haircut but also for new loans

[Nemo1024]

most people in this forum think that politics is choosing between democrats and republicans. They also think that if they have heard something from CNN or DW it must be the truth! So there is no point in discussions really...

But here have a hint. The problem is systemic. Even if everything doesnt collapse with just Greece it will eventually collapse. Rather soon i might say.

So much more the reason to hold discussions. There is a small number of Russians here holding the fort for Russia, countering MSM "truths", so why not Greeks, who know what is going on in the country do the same for Greece.

I have a question. How is the Turkish Stream viewed/discussed in Greece? In Russia, it is said to bring further revenue for Greece, once the pipeline to the Turkish/Greek border is complete at the end of 2016, a revenue that would have previously gone to Bulgaria. Is this factored in in the Greek politics?

[dyalldough]

Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: "I believe [Greece] will eventually leave. I don't think it helps them or the rest of the eurozone - it is just a matter of time before everyone recognises that parting is the best strategy.

"The problem is that there there is no way that I can conceive of the euro of continuing, unless and until all of the members of eurozone become politically integrated - actually even just fiscally integrated won't do it."

more here : http://www.bbc.com/news/business-31249907

I think the Greece will never go out from the Europe, what do you think guys ?

I'm not so sure about Greece reforming itself enough to keep her EMU membership. Greece due to her own geography have difficulties in collecting taxes [Suspicious link removed]j.com/articles/greeces-tax-burden-below-eu-average-says-ecbs-mario-draghi-1422270733]1[/url], 2) and concentrating capital in accordance with the needs of the state. Also due to the same financial constraints the question for Greece is whether it will be able to accept its much-reduced geopolitical role. Reducing the huge defence budget require an agreement with Turkey so that Greece have not to see Turkey as an existential threat anymore; however, this is easy said than done (3, 4). Alternatively, Greece needs to find a way to become useful again to one or more great powers - as an example her recent try to court Russia - so to receive from them financial subsidies (5).

You say the Greeks are courting a Russian bailout?  My guess is the Bear is in no position to bail out anybody.  When times get tough go to war - it's a simple solution to unemployment especially in the defense economy sector.

Maybe someday after petroleum is all pumped and burned, the EU will become a de facto satellite of Russia or freeze.  Not going to see a trans-Atlantic natural gas pipeline anytime soon.

America's plan is to build a gas pipeline from Oman through Syria and into Europe. That's why Obama is in Syria in the first place.

[carlosiness]

one of the most laziest nationalities in euro zone... same southerners syndrom, money without work.

[Maegfaer]

one of the most laziest nationalities in euro zone... same southerners syndrom, money without work.

Have you ever been to Greece? I have, and I've seen plenty of people working their asses off. Calling all Greeks lazy is short sighted and untrue. The problems of Greece are corruption, socialism, a culture of tax evasion, lack of a decent industry sector, the Euro, and currently austerity. So yes, Greece has plenty of problems, but I wouldn't list overall laziness.

[Nemo1024]

one of the most laziest nationalities in euro zone... same southerners syndrom, money without work.

Have you ever been to Greece? I have, and I've seen plenty of people working their asses off. Calling all Greeks lazy is short sighted and untrue. The problems of Greece are corruption, socialism, a culture of tax evasion, lack of a decent industry sector, the Euro, and currently austerity. So yes, Greece has plenty of problems, but I wouldn't list overall laziness.

Calling Greeks for "lazy" is the official Northern European MSM doctrine to justify why the industries in Greece (and other PIGS countries - just look up, who coined up this term) went belly up and why their agriculture was uprooted (hint: it happened shortly after joining EU, and IMF was involved in the plunder).

Just watch these episodes:
"Alex": A story about Greece's international image crisis
https://www.youtube.com/watch?v=ehsxIjeRaME

"Alex" episode 2: The Lazy Greek
https://www.youtube.com/watch?v=ad0n-eX_cYI

You say the Greeks are courting a Russian bailout?  My guess is the Bear is in no position to bail out anybody.  When times get tough go to war - it's a simple solution to unemployment especially in the defense economy sector.

Maybe someday after petroleum is all pumped and burned, the EU will become a de facto satellite of Russia or freeze.  Not going to see a trans-Atlantic natural gas pipeline anytime soon.

Russia is actually in quite a good position to bail out friendly states. It has good financial reserve, and small, relative to its GDP, foreign debt. The main question here: should it? None of the previous cases of Russian/Soviet generosity in economic support were appreciated or beneficial for Russia.

[picolo]

one of the most laziest nationalities in euro zone... same southerners syndrom, money without work.

Have you ever been to Greece? I have, and I've seen plenty of people working their asses off. Calling all Greeks lazy is short sighted and untrue. The problems of Greece are corruption, socialism, a culture of tax evasion, lack of a decent industry sector, the Euro, and currently austerity. So yes, Greece has plenty of problems, but I wouldn't list overall laziness.

Calling Greeks for "lazy" is the official Northern European MSM doctrine to justify why the industries in Greece (and other PIGS countries - just look up, who coined up this term) went belly up and why their agriculture was uprooted (hint: it happened shortly after joining EU, and IMF was involved in the plunder).

Just watch these episodes:
"Alex": A story about Greece's international image crisis
https://www.youtube.com/watch?v=ehsxIjeRaME

"Alex" episode 2: The Lazy Greek
https://www.youtube.com/watch?v=ad0n-eX_cYI

You say the Greeks are courting a Russian bailout?  My guess is the Bear is in no position to bail out anybody.  When times get tough go to war - it's a simple solution to unemployment especially in the defense economy sector.

Maybe someday after petroleum is all pumped and burned, the EU will become a de facto satellite of Russia or freeze.  Not going to see a trans-Atlantic natural gas pipeline anytime soon.

Russia is actually in quite a good position to bail out friendly states. It has good financial reserve, and small, relative to its GDP, foreign debt. The main question here: should it? None of the previous cases of Russian/Soviet generosity in economic support were appreciated or beneficial for Russia.

Greece was almost a third world country a few decades ago and would go back to being a third world country if they left the EU but not if they only leave the Euro.

[redsn0w]

one of the most laziest nationalities in euro zone... same southerners syndrom, money without work.

Have you ever been to Greece? I have, and I've seen plenty of people working their asses off. Calling all Greeks lazy is short sighted and untrue. The problems of Greece are corruption, socialism, a culture of tax evasion, lack of a decent industry sector, the Euro, and currently austerity. So yes, Greece has plenty of problems, but I wouldn't list overall laziness.

Calling Greeks for "lazy" is the official Northern European MSM doctrine to justify why the industries in Greece (and other PIGS countries - just look up, who coined up this term) went belly up and why their agriculture was uprooted (hint: it happened shortly after joining EU, and IMF was involved in the plunder).

Just watch these episodes:
"Alex": A story about Greece's international image crisis
https://www.youtube.com/watch?v=ehsxIjeRaME

"Alex" episode 2: The Lazy Greek
https://www.youtube.com/watch?v=ad0n-eX_cYI

You say the Greeks are courting a Russian bailout?  My guess is the Bear is in no position to bail out anybody.  When times get tough go to war - it's a simple solution to unemployment especially in the defense economy sector.

Maybe someday after petroleum is all pumped and burned, the EU will become a de facto satellite of Russia or freeze.  Not going to see a trans-Atlantic natural gas pipeline anytime soon.

Russia is actually in quite a good position to bail out friendly states. It has good financial reserve, and small, relative to its GDP, foreign debt. The main question here: should it? None of the previous cases of Russian/Soviet generosity in economic support were appreciated or beneficial for Russia.

Greece was almost a third world country a few decades ago and would go back to being a third world country if they left the EU but not if they only leave the Euro.

Interesting opinion, and if they will leave only the EU zone and create a new "currency", would it be a good idea? Or do you think the ECB will not allow "this" and other actions?

[picolo]

one of the most laziest nationalities in euro zone... same southerners syndrom, money without work.

Have you ever been to Greece? I have, and I've seen plenty of people working their asses off. Calling all Greeks lazy is short sighted and untrue. The problems of Greece are corruption, socialism, a culture of tax evasion, lack of a decent industry sector, the Euro, and currently austerity. So yes, Greece has plenty of problems, but I wouldn't list overall laziness.

Calling Greeks for "lazy" is the official Northern European MSM doctrine to justify why the industries in Greece (and other PIGS countries - just look up, who coined up this term) went belly up and why their agriculture was uprooted (hint: it happened shortly after joining EU, and IMF was involved in the plunder).

Just watch these episodes:
"Alex": A story about Greece's international image crisis
https://www.youtube.com/watch?v=ehsxIjeRaME

"Alex" episode 2: The Lazy Greek
https://www.youtube.com/watch?v=ad0n-eX_cYI

You say the Greeks are courting a Russian bailout?  My guess is the Bear is in no position to bail out anybody.  When times get tough go to war - it's a simple solution to unemployment especially in the defense economy sector.

Maybe someday after petroleum is all pumped and burned, the EU will become a de facto satellite of Russia or freeze.  Not going to see a trans-Atlantic natural gas pipeline anytime soon.

Russia is actually in quite a good position to bail out friendly states. It has good financial reserve, and small, relative to its GDP, foreign debt. The main question here: should it? None of the previous cases of Russian/Soviet generosity in economic support were appreciated or beneficial for Russia.

Greece was almost a third world country a few decades ago and would go back to being a third world country if they left the EU but not if they only leave the Euro.

Interesting opinion, and if they will leave only the EU zone and create a new "currency", would it be a good idea? Or do you think the ECB will not allow "this" and other actions?

They can if they want to but I think they will suffer more if they leave the Euro.

Greece wants the other European countries to pay for what it promised before the elections. The greek made huge efforts and it is paying since they have a surplus but if they stop the reforms they will improve their situation.

[cryptocoiner]

Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: "I believe [Greece] will eventually leave. I don't think it helps them or the rest of the eurozone - it is just a matter of time before everyone recognises that parting is the best strategy.

"The problem is that there there is no way that I can conceive of the euro of continuing, unless and until all of the members of eurozone become politically integrated - actually even just fiscally integrated won't do it."

more here : http://www.bbc.com/news/business-31249907

I think the Greece will never go out from the Europe, what do you think guys ?

I think they will not leave EU. Becouse it will be a collapse for a european union. It's same like one of the American states would leave USA. EU counsil will not allow that.

[bitcollins85]

State debt is only a small part of the problem ,they will leave the Euro zone eventually

[picolo]

State debt is only a small part of the problem ,they will leave the Euro zone eventually

They already got a haircut, they have a budget surplus and they had growth in 2014 so things were looking up.
Their main problems are corruption, organisation ect.

[saddampbuh]

I think they will not leave EU. Becouse it will be a collapse for a european union. It's same like one of the American states would leave USA. EU counsil will not allow that.

they can remain in the eu without being in the euro

[picolo]

I think they will not leave EU. Becouse it will be a collapse for a european union. It's same like one of the American states would leave USA. EU counsil will not allow that.

they can remain in the eu without being in the euro

Of course they can leave the Euro but when T was saying he was for a greexit a few years ago, now he is not talking about it. He is waiting for the last minute because he thinks time plays for him.

[redsn0w]

I think they will not leave EU. Becouse it will be a collapse for a european union. It's same like one of the American states would leave USA. EU counsil will not allow that.

they can remain in the eu without being in the euro

Of course they can leave the Euro but when T was saying he was for a greexit a few years ago, now he is not talking about it. He is waiting for the last minute because he thinks time plays for him.

At the end a lot of people changed their mind, I hope all this situation will be resolved quickly.

[carlosiness]

would love that this prediction came true..

[redsn0w]

would love that this prediction came true..

It seems that the "Greek's situation" will not be resolved quickly. I think they should get out from the Europe and abandon the €, I know it will be difficult for them but maybe this is the best solution.