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Forums - Politics Discussion - If Greece was kicked out of the EU, would that save the dying Euro?

generic-user-1 said:
Mr Khan said:
Save Greece, save the Euro. The Euro's present problem is deflation, it's devaluing externally due to economic problems, but internally it's also threatening to deflate, a rare double-whammy, and one which could be fixed if the damn CDU took their boot off of Draghi's throat and let him run unlimited bond-buying.

the deflation is no real problem atm, its mostly because of droppedd oilprice, thats the good kind of deflation.

in some countrys like greece its realy heavy with the deflation, but thats fine 2, the prices where just a joke for some basic food products, you paid 3 times more for a liter of milk in greece than in germany, and the people will not stop spending because of deflation, they have less money anyway so the dropping prices are fine.  and bond buying is the most stupid idea ever, the ecb should directly lend money to an EU fond, or just give some money, create money out of thin air, thats how you get some inflation.  and we need real money for the rebuilding of the pigs. best way of creating inflation would be a massiv solar programm for spain, portugal and greece with fresh money directly from the ecb. that would create inflation NOW and stop inflation later(because those countrys need a lot of oil and gas and could reduce those needs with solar, and it would decrease the imports in the long run)

Correction, Portugal doesn't need a lot of oil and gas, we have the best or one of the best wind power program that alone provides more than half of our electric needs. Not that a solar program was a bad investment, but the reason you give to justify that investment is not true.

On topic. 2 years to late, if that idea was ever on the table, it would need to be executed 2 years ago, not now. Even if the Euro is losing a little value, the economy is turning slowly into the right direction, that move would turn it again into more political and economic crisis. 



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generic-user-1 said:
Mr Khan said:
Save Greece, save the Euro. The Euro's present problem is deflation, it's devaluing externally due to economic problems, but internally it's also threatening to deflate, a rare double-whammy, and one which could be fixed if the damn CDU took their boot off of Draghi's throat and let him run unlimited bond-buying.

the deflation is no real problem atm, its mostly because of droppedd oilprice, thats the good kind of deflation.

in some countrys like greece its realy heavy with the deflation, but thats fine 2, the prices where just a joke for some basic food products, you paid 3 times more for a liter of milk in greece than in germany, and the people will not stop spending because of deflation, they have less money anyway so the dropping prices are fine.  and bond buying is the most stupid idea ever, the ecb should directly lend money to an EU fond, or just give some money, create money out of thin air, thats how you get some inflation.  and we need real money for the rebuilding of the pigs. best way of creating inflation would be a massiv solar programm for spain, portugal and greece with fresh money directly from the ecb. that would create inflation NOW and stop inflation later(because those countrys need a lot of oil and gas and could reduce those needs with solar, and it would decrease the imports in the long run)


Ireland is considered a pig yeah? 



Ka-pi96 said:
That would be a pretty bad idea really. It would completely destroy Greece and it would probably damage the Euro in every other country as well.

It wouldn't destroy Greece. Greece is running a budget surplus at the moment, the result of the crippling austerity programs imposed from Brussels. Greece would get really messed up, but not destroyed. Their problem is the existing debt, which honestly needs to be written down.



Monster Hunter: pissing me off since 2010.

sergiodaly said:
generic-user-1 said:
Mr Khan said:
Save Greece, save the Euro. The Euro's present problem is deflation, it's devaluing externally due to economic problems, but internally it's also threatening to deflate, a rare double-whammy, and one which could be fixed if the damn CDU took their boot off of Draghi's throat and let him run unlimited bond-buying.

the deflation is no real problem atm, its mostly because of droppedd oilprice, thats the good kind of deflation.

in some countrys like greece its realy heavy with the deflation, but thats fine 2, the prices where just a joke for some basic food products, you paid 3 times more for a liter of milk in greece than in germany, and the people will not stop spending because of deflation, they have less money anyway so the dropping prices are fine.  and bond buying is the most stupid idea ever, the ecb should directly lend money to an EU fond, or just give some money, create money out of thin air, thats how you get some inflation.  and we need real money for the rebuilding of the pigs. best way of creating inflation would be a massiv solar programm for spain, portugal and greece with fresh money directly from the ecb. that would create inflation NOW and stop inflation later(because those countrys need a lot of oil and gas and could reduce those needs with solar, and it would decrease the imports in the long run)

Correction, Portugal doesn't need a lot of oil and gas, we have the best or one of the best wind power program that alone provides more than half of our electric needs. Not that a solar program was a bad investment, but the reason you give to justify that investment is not true.

On topic. 2 years to late, if that idea was ever on the table, it would need to be executed 2 years ago, not now. Even if the Euro is losing a little value, the economy is turning slowly into the right direction, that move would turn it again into more political and economic crisis. 

well, portugal has to import still alot.  and with more solar they could export some h² or gas in the longrun.

and the economy is turning, but the problems are still their, europe is bleeding out because of big energie imports, and that will only increase if germany stops the production of coal



The problem that every EU member has that relies on the Euro as its currency is that it has no control of the currency. The UK, Japan, the US, Canada, Australia, etc, all have the ability to set their own monetary policy. If they need to take out loans, sell debt, or print money, they can.

No Euro-based nation can do that.

The EU would do better under a federal system, however I doubt that would every be possible.



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sergiodaly said:
generic-user-1 said:

the deflation is no real problem atm, its mostly because of droppedd oilprice, thats the good kind of deflation.

in some countrys like greece its realy heavy with the deflation, but thats fine 2, the prices where just a joke for some basic food products, you paid 3 times more for a liter of milk in greece than in germany, and the people will not stop spending because of deflation, they have less money anyway so the dropping prices are fine.  and bond buying is the most stupid idea ever, the ecb should directly lend money to an EU fond, or just give some money, create money out of thin air, thats how you get some inflation.  and we need real money for the rebuilding of the pigs. best way of creating inflation would be a massiv solar programm for spain, portugal and greece with fresh money directly from the ecb. that would create inflation NOW and stop inflation later(because those countrys need a lot of oil and gas and could reduce those needs with solar, and it would decrease the imports in the long run)

Correction, Portugal doesn't need a lot of oil and gas, we have the best or one of the best wind power program that alone provides more than half of our electric needs. Not that a solar program was a bad investment, but the reason you give to justify that investment is not true.

On topic. 2 years to late, if that idea was ever on the table, it would need to be executed 2 years ago, not now. Even if the Euro is losing a little value, the economy is turning slowly into the right direction, that move would turn it again into more political and economic crisis. 

Solar energy... wind energy... and they're f**king serious :D No, some people are hopeless. God, to You I send my prayer. Burn! These people never learn.



spurgeonryan said:

That bad thing about cheap oil is Saudia Arabia and whoever else gives America oil is just flooding the market to shut down all this Fracking and alaska mumbo jumbo. When they cannot keep up with demand, they will lose jobs and could go under. But then as soon as we are paying 3-4 dollars for a decade again this problem will happen again for saudia  arabia. They were all too happy to give there business to China and other emerging economies, but then we did something that surprised them. We started to break free. So now we have cheap gas for the forceable future. And speaking of futures and what not, as soon as businesses run out of their futures prices they put on oil, they will start using the cheap oil they are buying in bulk right now. Expect the economy to slam to new heights in America in about 6 months. once all these businesses start using their cheaper fuel. Prices will go down a bit, just a bit so companies are still making crazy money, more jobs will open up to fill in for the jobs we are about to lose. Life will be better.

I suggest you eat a pickle after every drink of vodka, help against delusions. Where could Saudis even get that goddamn supply to bring oil to these lows? Or at least check who's your oil suppliers.

 

@OP: euro might be "dying" but that's could be equally said about a lot of things these days. Greece is not a game changer. But I totally expect euro to go the way of the dodo earlier than dollar. In the world of free roaming capitals dollar is certainly would seem like safest bet, but that's only "seem".



Ka-pi96 said:
Mr Khan said:
Ka-pi96 said:
That would be a pretty bad idea really. It would completely destroy Greece and it would probably damage the Euro in every other country as well.

It wouldn't destroy Greece. Greece is running a budget surplus at the moment, the result of the crippling austerity programs imposed from Brussels. Greece would get really messed up, but not destroyed. Their problem is the existing debt, which honestly needs to be written down.

It would certainly damage them a great deal. They'd have to come up with their own currency really quickly and get it into circulation and trade it for peoples Euros fast. There would no doubt be a lot of people trying to get all their money out of the banks before such a changeover happened, so they could get more favourable rates, which would really not help.

Right, but the difference between now and 4 years ago is that it would be a solvent government working to establish these things, not an insolvent one.



Monster Hunter: pissing me off since 2010.

mai said:
sergiodaly said:
generic-user-1 said:

the deflation is no real problem atm, its mostly because of droppedd oilprice, thats the good kind of deflation.

in some countrys like greece its realy heavy with the deflation, but thats fine 2, the prices where just a joke for some basic food products, you paid 3 times more for a liter of milk in greece than in germany, and the people will not stop spending because of deflation, they have less money anyway so the dropping prices are fine.  and bond buying is the most stupid idea ever, the ecb should directly lend money to an EU fond, or just give some money, create money out of thin air, thats how you get some inflation.  and we need real money for the rebuilding of the pigs. best way of creating inflation would be a massiv solar programm for spain, portugal and greece with fresh money directly from the ecb. that would create inflation NOW and stop inflation later(because those countrys need a lot of oil and gas and could reduce those needs with solar, and it would decrease the imports in the long run)

Correction, Portugal doesn't need a lot of oil and gas, we have the best or one of the best wind power program that alone provides more than half of our electric needs. Not that a solar program was a bad investment, but the reason you give to justify that investment is not true.

On topic. 2 years to late, if that idea was ever on the table, it would need to be executed 2 years ago, not now. Even if the Euro is losing a little value, the economy is turning slowly into the right direction, that move would turn it again into more political and economic crisis. 

Solar energy... wind energy... and they're f**king serious :D No, some people are hopeless. God, to You I send my prayer. Burn! These people never learn.



solar and windenergie work realy fine. germany hs 20%, other states have even higher rates(not not so muc heavy industrie, so the consumption is a bit different). but restoring the roads would have the same positiv effect. the Euro countrys need fresh money, not credit, banks will not give you money if you are in debt and have a negative cashflow, the credit crunch isnt about lack willingness to giv credit, its about not having enough income get a credit. QE oesnt work and cant work and it doesnt work well against deflation, it just pushes state debt into negative interest, thats not good, sure it makes credits for everyone cheaper, but it doesnt make good banks give out credits to people who cant pay the interest because they hardly have enough to feed themself.

Isnt a low euro a good thing? The southern europeans needed lower euro in the first place