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[Nickbat]

Greece appears to be going down the economic pan (closely followed by others, it would seem). The question posed is whether the UK taxpayer would have to cough up a bit, even though we're not in the eurozone?

"The EU is inching towards bailing out Greece. It won’t say so openly, of course, because it wants to keep the pressure on the Greek government. But most of the Eurocrats I’ve spoken to this week are starting to get gloomy. Credit Suisse reckons that rescuing Greece would cost €30 billion; and behind Greece stand the other indebted states of the Eurozone’s Mediterranean littoral."

http://blogs.telegraph.co.uk/news/danielhannan/100025539/if-the-eu-bailed-out-greece-would-britain-have-to-pay-its-share/

[Vamps]

Will this turn into a thread as long as the alleged climate change one.....

[albitz]

break em.

[cem_devecioglu]

break em.

definitely agreed.. long live Albs

[Elite Pete]

If we bail them out I want free holidays for the rest of my life.

[cem_devecioglu]

if EU didnt helped up to now, still they were only fishing and getting some money from Tourism only..

let them go down the drain

[cem_devecioglu]

If we bail them out I want free holidays for the rest of my life.

and free travel

[Marks DTM Calib]

Yeh....the gits have been putting the holiday prices up for 10 years now....let em go down the pan, charity begins at home.

[theolodian]

The problem is that there is a lot of UK money invested in Greece.  If it goes pop it will ripple heavily through the UK.

[Varche]

It isn't just Greece. The rest of the delightfully named PIGS (Portugal, Italy, Spain and Greece) are in real trouble too. Weak economies compared with their North European counterparts.

From an EU economic perspective "supporting" the PIGS makes sense. After all it is only like the rich South East of the UK supporting say the poorer North East.

On a personal note I believe it is quite possible that one or more of the PIGS will have to leave the euro. I selfishly hope that it includes Spain.  Immediately it would make Spain a cheap holiday destination. The Spanish econbomy seems to be based on two areas. Tourism (down 10% last year on 2008) and building. It has more empty properties than the rest of the EU put together.

[cem_devecioglu]

all tourists welcome

and £ is directly accepted here

[redelitev6]

all tourists welcome

and £ is directly accepted here

yup- looks like turkey again this summer-the golden beaches,stunning coastline, can't fault it ( well ,apart from the scary looking police who are NOT to be messed with ! )

[cem_devecioglu]

all tourists welcome

and £ is directly accepted here

yup- looks like turkey again this summer-the golden beaches,stunning coastline, can't fault it ( well ,apart from the scary looking police who are NOT to be messed with ! )

 

ps: police seems like scary but if they are not they cant stop the people.. so really dont mess with them.. but if you have trouble dont hesitate , go ask for help..

[Shackeng]

It isn't just Greece. The rest of the delightfully named PIGS (Portugal, Italy, Spain and Greece) are in real trouble too. Weak economies compared with their North European counterparts.

From an EU economic perspective "supporting" the PIGS makes sense. After all it is only like the rich South East of the UK supporting say the poorer North East.

On a personal note I believe it is quite possible that one or more of the PIGS will have to leave the euro. I selfishly hope that it includes Spain.  Immediately it would make Spain a cheap holiday destination. The Spanish econbomy seems to be based on two areas. Tourism (down 10% last year on 2008) and building. It has more empty properties than the rest of the EU put together.

I, like many people, think they got in on the basis of some very dubious economic figures, so no surprise here. 8-)

[albitz]

break em.

definitely agreed.. long live Albs

Ive nothing against the Greeks in particular Cem, I would say the same if it were Turkey or any other developed country.