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The Finance ministers of Greece bailout rejected the bloc’s current E172bn rescue and called it unacceptable!
It doesn’t look good for the Euro, maybe the beginning of the collapse.
Greece bailout talks collapse in acrimony
Throwing good money after bad rarely solves the problem. Greece needs to exit the Euro, tell the European banks there will not be any repayments forthcoming, and then dig into the hard work of rebuilding their economy. The banks that readily piled additional debt onto Greece these past few years knew full well that Greece would never be able to repay it. They knew they were raking in paper profits only and now Greece needs to do what is in the interests of Greece. They’ll pay a big price for sure, but eventually they can emerge from the dark times. Doing the bidding of the Euro masters would never have resulted in Greece recovering.
Yes Greece need to start rebuilding there economy. They will go throw a collapse but they are the first to go throw a collapse and maybe come back faster this way is they don’t keep there socialist ways.
Even if they’re socialist when they come out, having real money will STILL be better than the hell they’re going through.
If the Euro can’t survive the Greek exit… ? A lot of speculators lose their money. Oh that’s really sad. LOL
Let The Greeks Go. In the long run its better for everyone.The only way for Greece to rebuild it’s economy is to leave the EU. They are going through horrible times right now, but if they face their problems now, they will have a better chance of coming out the other side stronger than they have been for a long time.
When I was younger I struggled financially. When I looked at it honestly, a lot of it was my fault. Believe me, that was not a pleasant conversation to have with the wife. It took a lot of struggle, but we came through it stronger than ever, not only in our finances, but also our relationship. But honestly looking at the situation gave us the path to getting out of debt. Greece needs to do the same thing. You can also throw in Italy, Spain, and Portugal to the mix.
Well once the Greeks exit then other will say why are we going to pay for all this debt when we are also in a collapse? Spain, Italy, Ireland, Portugal and so on. These countries are all in trouble and will want out too! So this will be the beginning of the end of the Euro but also the beginning of even bigger reasons for many other collapses.
Brulen, remember when there was many foreclosures of homes, and then the modifications happen well if you were in trouble and all you wanted was a lower payment you would call the bank and the bank would say NO you can’t do modification so you would ask why, well because you are not in foreclosure so many when into foreclosure only to get a modification.
This is what will happen in all the countries once Greece gets away with the debt. Every country will want there debt to be reset to zero including the U. S.
It will be world wide dominoes. It is a total world wide collapse and a reset of debts.
Roadracer, Like I said to Brulen this is the beginning of a reset of a world wide debt. You even said it, Spain, Italy, Ireland, Portugal, Japan, and many South and Central American countries and even the U. S. will all want a reset which will collapse the world economies and the paper money.
There will be a problem and a lot of civil unrest world wide.
freedom…. the game is Go for the banks and euroblock aka encirclement. Its not to likely Greece will be let go voluntarily. So its not like dominos, more like a rebellion against The Northern Roman Empire. lol
The others will wait to see if the Legions are sent in to pacify the malcontents. Exactly how benevolent is the the empire. Thats the question. Not very it seems. There are always worse sanctions.
Agree the the elite bankers, IMF and others will want some type of payment but will Greece agree I am not sure. It is looking more and more like a total collapse and Greece saying to bad but the debt needs to be reset to zero. Greece may not care about the sanctions.
Greece will not rebuild for a long time. It’s now run by the left side of left. The socialist practices that got them into this mess are not going to be put aside, their population wants money for nothing in return.
I wonder if there are any bets in Vegas about what year our economy is going to hit the skids ?
Yes 74, the population there whats everything for free. Many only know Socialism.
Tolik, Well who knows when the U. S. economy will collapse since the Fed just print more money every time. I think that when they see no way out they will create a war so they can blame it on the war. They are right now trying to figure it out. I see a war soon.
eco collapse and economic collapse. There is no doubt something is happening environmentally on the west coast. Health care benefits are a big part of the strike. How much I’m not sure but you’re looking at millionaire benefits.
We’ve gone from slowdown to strike. Thats 29 ports handling 70% of the shipping from asia.
you want vegas odds. the west coast is toast.You are pointing to something new that is adding to the economic collapse, the west coast strike. This is toasting the west coast and it is not good for China too!
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