Brexit Negotiations proceeding, er...... well...... er....

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If it is on SKY news it must be true
The greek national debt is currently £30,000 per person of the population & growing

Italy will be the next finacial crisis

40% unemployment for the under 25's in Greece (afaik)

was on the radio
That is a good point about Italy, they owe around 350billion euros I think, their debt makes Greek debt look small.
If the Italians default then it is curtains for the EU, the Euro was created so that the Germans could sell their goods abroad using a weak currency which made their exports more affordable, if they were still using the Mark it would be so strong that their exports would be too expensive for foreigners.
 
No that's the point; once you're in the Euro, you're stuck there. If they still had the Drachma, they could devalue it, and then more tourists would flock there for cheaper holidays, they'd sell more olive oil as it'd be cheaper. None of the above countries would be stonger under their original currencies, but they wouldn't have been given loans that they can't repay, and they'd still be in control of their own destinies, so do you give a kid the keys to a sweet shop, when you know they have a sweet tooth, or do you act as a responsible lender. Did Brussels know what they were doing, or were they just being negligently irresponsible.

Greece being let into the Euro, was just a expansion opportunity by Germany and France, and now they seem to think they are European rather than mediteranian. They brought little to the table, but money flowed into them to help them out, so that's the fault of Brussels.
It wasn't the Greek people who are to blame for the situation they find themselves in, it is the politicians and banks who got them into his mess.
The EU and the loan sharks who turned a blind eye to real state of the Greek economy are to blame, some Greek politicians have already been put on trial for signing their country up to loans which could never be repaid.
Germany was a big offender their arms manufacturers were selling Tanks and other weapons to the Greeks on credit,Greek officials and politicians were taking back handers to approve the purchases, as a result the Greeks ended up with more tanks than the UK all which were parked up and left unused.
 
situation they find themselves in, it is the politicians and banks who got them into his mess
.........who were elected by the people.
Don't suppose any of those politicians were Greek by any chance? Still self inflicted boyo which ever way you care to look at it.

If it is on SKY news it must be true
Correct. And factual and honest.
 
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Germany was a big offender their arms manufacturers were selling Tanks and other weapons to the Greeks on credit,Greek officials and politicians were taking back handers to approve the purchases, as a result the Greeks ended up with more tanks than the UK all which were parked up and left unused.
Naughty Greeks and naughty Greek officials.

Nice to see them coming out the other side though. An EU success. Things are looking good in the Eurozone.
 
Naughty Greeks and naughty Greek officials.

Nice to see them coming out the other side though. An EU success. Things are looking good in the Eurozone.
Hmm... What colour is the sky on your planet?. Hi hum. I guess that only time will tell if the eurozone is a success or not, but it ain't looking good at the moment.
 
It wasn't the Greek people who are to blame for the situation they find themselves in

There is a view that a country where tax evasion, corruption, false accounting and looting of public funds is endemic, cannot be considered blameless.
 
There is a view that a country where tax evasion, corruption, false accounting and looting of public funds is endemic, cannot be considered blameless.
To a degree you are correct, however, as an independent country, Greece worked with that system for many years.. the EU knew that and yet still admitted Greece to the EU, this shows that the EU were at best grossly incompetent or as I suspect didn't care as long as the EU could add consumers for EU goods paid for by borrowed money.. the happy upside of this is that the EU gets to dictate the running of Greece in the event of Greece not being able to pay their debts.. the EU and Euro can only work if every EU subject works and lives like a German.. and for the EU to continue to work, they must continue to expand their single market to ensure buyers for the EU's overpriced goods.
 
I have no control over the Quitters and what they are doing to the UK.

Mine too.
I fear however that your rain is EU pizz and the brexiteers are dealing with the situation before it becomes critical... Something that the Greeks have been criticized for here for not doing on this site..
 
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