11–20 of 125 posts
I wonder what effect the current EU "offer" to Greece will have on Britain's vote down the line, or on other states that may now have second thoughts about joining the euro. From my (American) perspective, it looks like being part of the Euro means giving Germany an awful lot of influence over your fiscal policy.
Earlier quoted context omitted.
I'm just wondering what the heck Greece has done with the some half trillion Euros it's sucked in over the years and which hard-pressed taxpayers across Europe, many with standards of living below that of the average Greek, will now be helping to offset?
> Less than 10% of the bailout money was left to be used by the government for reforming its economy and safeguarding weaker members of society. http://www.theguardian.com/world/2015/jun/29/where-did-the-g...
Earlier quoted context omitted.
Hear, hear. While Greece have lost this battle, he has shone a light into the murky workings of European politics that I believe will be invaluable and inspiring to future reformers, not to mention the citizens of the EU member states.
I'm just wondering what the heck Greece has done with the some half trillion Euros it's sucked in over the years and which hard-pressed taxpayers across Europe, many with standards of living below that of the average Greek, will now be helping to offset?
I wonder what effect the current EU "offer" to Greece will have on Britain's vote down the line, or on other states that may now have second thoughts about joining the euro. From my (American) perspective, it looks like being part of the Euro means giving Germany an awful lot of influence over your fiscal policy.
There is zero prospect of Britain joining the Euro; nobody's even talking about that. The possible upcoming referendum is about Britain leaving the EU.
I wonder what effect the current EU "offer" to Greece will have on Britain's vote down the line, or on other states that may now have second thoughts about joining the euro. From my (American) perspective, it looks like being part of the Euro means giving Germany an awful lot of influence over your fiscal policy.
There was a 2% increase in favour of leaving after the referendum in Greece. It has not been updated since but it will be interesting to see what the changes will be once the populists start trumpeting about the possibility of the UK being ruled by Germany.
That means that England winning the World Cup in 1966 will all have been in vain ;)
While I am not a big fan of austerity, one can ultimately only spend what you got. There were several months in which the Greece government had broken with the austerity agreements but in exchange did not manage to achieve anything which could be called an improvement of the country income situation. As a consequence the gap between income and spending even widened without giving positive impulses to the Greek econom…
Earlier quoted context omitted.
Hear, hear. While Greece have lost this battle, he has shone a light into the murky workings of European politics that I believe will be invaluable and inspiring to future reformers, not to mention the citizens of the EU member states.
I'm just wondering what the heck Greece has done with the some half trillion Euros it's sucked in over the years and which hard-pressed taxpayers across Europe, many with standards of living below that of the average Greek, will now be helping to offset?
While I am not a big fan of austerity, one can ultimately only spend what you got. There were several months in which the Greece government had broken with the austerity agreements but in exchange did not manage to achieve anything which could be called an improvement of the country income situation. As a consequence the gap between income and spending even widened without giving positive impulses to the Greek econom…
Wrong. You can always print money if you are the sovereign.
..especially the following line: - The EMU is a single currency system just like the USA is. The reason the USA works and the EMU doesn’t is because the USA has a system of rebalancing whereby poor states get more federal funding than wealthy states.
While I am not a big fan of austerity, one can ultimately only spend what you got. There were several months in which the Greece government had broken with the austerity agreements but in exchange did not manage to achieve anything which could be called an improvement of the country income situation. As a consequence the gap between income and spending even widened without giving positive impulses to the Greek econom…
> While I am not a big fan of austerity, one can ultimately only spend what you got. Wrong. You can always print money if you are the sovereign.