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Forums - Politics - Paul Krugman: Greece Euro exit possible next month, end of the euro in the next months?

Greece's extreme left, Communist and extreme right, National Front obtained more of the Greek primary vote than the two Central majority parties. The Greek election indicated the Greek citizens rejected the EU bank bail outs and they rejected the austerity measures that came with the bail outs.



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Situation is simple.
Greece lied and faked it's bilances to get into EU zone. They simply lied and put the whole continent into some serious trouble.
They should be kicked out. Forced to payback the money we've wasted with their isles.



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WiiU: Donkey Kong

XBone: Dead Rising 3, Ryse

I think it's inevitable that Greece will leave the Euro in the coming months. The Greek economy needs stimulus that they are unable to get by being tied to the Euro. The real troube will begin should Spain and/or Italy need a bailout as a result of a Greek exit of the Eurozone. Their economies are too big to bailout.



The faster this happens the better. If they'd just defaulted when it was clear they were going to have to, would have saved a few years of pain followed by this default anyway.



Soleron said:
The faster this happens the better. If they'd just defaulted when it was clear they were going to have to, would have saved a few years of pain followed by this default anyway.


You're 100% right.

But, you know what Government is like... they don't like to admit when they're wrong, they also reject any kind of notion that may result in them losing some of the power they hold over the country.



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KylieDog said:
A lot of countries need make an exit from EU, too many poor countries join up and just ponce off the better ones so when the better ones take a dive there is little option to help them anymore because it all wasted on the ponces and it achieved nothing. Get rid of them all.

The rich countries want the poorer countries in, because it drags the currency value down, which gives them a competitive export currency without having the issues internally that would bring a competitive export currency. Germany wouldn't want to go back to the Mark, because suddenly they would be experiencing the same export problems Japan is.



Monster Hunter: pissing me off since 2010.

Mr Khan said:
KylieDog said:
A lot of countries need make an exit from EU, too many poor countries join up and just ponce off the better ones so when the better ones take a dive there is little option to help them anymore because it all wasted on the ponces and it achieved nothing. Get rid of them all.

The rich countries want the poorer countries in, because it drags the currency value down, which gives them a competitive export currency without having the issues internally that would bring a competitive export currency. Germany wouldn't want to go back to the Mark, because suddenly they would be experiencing the same export problems Japan is.

Precicely. Germany, Holland, Austria,etc have benefited much more from the Euro than the southern countries. And what the fuck are you smoking people, can't you see that a Greek exit (albeit better for us, in the long term) would unleash hell in Portugal, Spain, italy and Ireland? Who would loan weaker countries of the Eurozone when a weak one was just kicked out?

And cut the crap with the Greek politicians hid the debt (they did, and they're criminals for it) but the EU surely knew where things were heading. Even now, Germany and other wealthy countries of the north benefit greatly from the crisis.



routsounmanman said:
Mr Khan said:
KylieDog said:
A lot of countries need make an exit from EU, too many poor countries join up and just ponce off the better ones so when the better ones take a dive there is little option to help them anymore because it all wasted on the ponces and it achieved nothing. Get rid of them all.

The rich countries want the poorer countries in, because it drags the currency value down, which gives them a competitive export currency without having the issues internally that would bring a competitive export currency. Germany wouldn't want to go back to the Mark, because suddenly they would be experiencing the same export problems Japan is.

Precicely. Germany, Holland, Austria,etc have benefited much more from the Euro than the southern countries. And what the fuck are you smoking people, can't you see that a Greek exit (albeit better for us, in the long term) would unleash hell in Portugal, Spain, italy and Ireland? Who would loan weaker countries of the Eurozone when a weak one was just kicked out?

And cut the crap with the Greek politicians hid the debt (they did, and they're criminals for it) but the EU surely knew where things were heading. Even now, Germany and other wealthy countries of the north benefit greatly from the crisis.


Yep.  Greece Should probably leave the Euro.... HOWEVER it should wait until after the austerity plan.  

Essentially get to the part where the economy isn't in freefall, devaluation won't disallow vital imports.... but before peoples savings get back on track.



And with it dies the talk of the "Amero", or whatever else was floating around.  Apparently the road to a one world government is paved by economic realities.



richardhutnik said:

And with it dies the talk of the "Amero", or whatever else was floating around.  Apparently the road to a one world government is paved by economic realities.


Maybe politically, but not practically.

It's not like the Euro is fundamentally flawed.  Just poorly executed.

The Per capita and total GDP difference and realities in Europe aren't DRASTICALLY different from those in the United States between the different states.

Actually, i believe the US is MORE volitile and seperated in such areas.

The big difference is that US states have to balance there budgets by law.  (Not that they always do anyway.....)