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Seriously comic!!

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Registered: 30-08-2007

Seriously comic!!

Pssst!! tell me, leaving aside the seriousness, does anybody else find the hoops Eurozone is jumping through at this time just a bit comical?
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Registered: 14-04-2007

Re: Seriously comic!!

Right Mr Papandreou we are giving you a shed load of money to help with your debt crisis. Roll eyes
Ok, thanks for that. I'll just go and ask the great unwashed what they think of it Huh
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Re: Seriously comic!!

They keep telling us that Europe is our main trading partner, which is shorthand for accept everything, don't chritisize, don't consider life outside Europe  Roll eyes
looks like we wont be doing much trading with them in future, when they go bust  Crazy
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Re: Seriously comic!!

They say 'don't bite the hand that feeds you'
But if we are paying over the odds for that food then I say cut the hand off.
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David_W
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Re: Seriously comic!!

The way I see it is thus.  Greece joined the Euro and then found that their credit card limit had been moved up, instead of being wise they decided to spend, spend and then spend some more just to be on the safe side.  Civil servants found that their wages eventually doubled, of course to keep up with that the wage of normal workers has to rise which puts the cost of living up etc.
Now they are in financial problems, they want to cut peoples wages and services etc.  They don't have the money to continue owing so much.  The ruling party knows that if they just accept the bailout and continue cutting services/wages/etc then they will never get re-elected again and will most likely end up with 1 or 2 MP's on the gravy train so instead of ensuring their party falls into obscurity they give the option to the people.
1)  Should we continue with the cuts and accept the handouts
2) Should we not continue with the cuts and leave the Euro
Odds are people will vote for #2, the riots are a bit of a give away here.  So Greece leaves the Euro (although before the referendum they will go bankrupt).  Other countries are going to suffer badly if that happens and we may see Germany and France being forced to leave the Euro, they can't afford to bail out all of Europe and with Greece out, Italy, Spain and Portugal will be in dire straights.  This could be the end of the Euro adventure.
With Europe practically bankrupt, will we then get the promised referendum from the Con/Lib parties in power, would we want to be part of a bankrupt Europe?  I think it's going to be an interesting time, hopefully the entire EU gravy train will fall apart and it'll return to what it's supposed to be, a trading agreement between nations in Europe, not this Super Europe agenda that is being pushed on us without our say.
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Re: Seriously comic!!

I guess the comparison between the "EuroZone" monetry  (United States of Europe) system and the United States of America cannot be used here....
strange though... the yanks got together 200 years ago, and sorted out their (internal) financial arrangements between states, and today, a "modern" Europe, cannot do the same ...
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Re: Seriously comic!!

Perhaps there wasn't so much greed back then Undecided

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Registered: 02-08-2007

Re: Seriously comic!!

Possibly to much recent history in Europe for the idea of a common market & Euro to work.
Also the work ethic & culture varies a lot from one country to another and it would take several centuries for that to sort itself out.
The common market project is rapidly coming to an end, lets hope it's not a violent end but it will be painful for many.
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Re: Seriously comic!!

At least Papandreou is giving his people a say in Europe. All we get is pre-election promises and b*gger all after.
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Re: Seriously comic!!

Just seen the news, and the greek pm decided not to have a referendum.... and remains in power.... just.. Undecided
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Re: Seriously comic!!

The Greeks lied about their income when they applied for their Euro credit card. It is time to recall their card or have it cut up.
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