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Chat Area => General Discussion Area => Topic started by: Nickbat on 09 February 2010, 23:41:34

Title: Bailing out Greece
Post by: Nickbat on 09 February 2010, 23:41:34
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/
Title: Re: Bailing out Greece
Post by: Vamps on 09 February 2010, 23:56:40
Will this turn into a thread as long as the alleged climate change one..... ::) ::) ::)
Title: Re: Bailing out Greece
Post by: albitz on 10 February 2010, 00:41:44
break em. >:( >:(
Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 08:56:04
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break em. >:( >:(

definitely agreed.. long live Albs ;D ;D :y
Title: Re: Bailing out Greece
Post by: Elite Pete on 10 February 2010, 08:56:50
If we bail them out I want free holidays for the rest of my life.
Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 08:59:19
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 ;D

Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 08:59:45
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If we bail them out I want free holidays for the rest of my life.

and free travel ;D :y
Title: Re: Bailing out Greece
Post by: Marks DTM Calib on 10 February 2010, 09:14:42
Yeh....the gits have been putting the holiday prices up for 10 years now....let em go down the pan, charity begins at home.
Title: Re: Bailing out Greece
Post by: theolodian on 10 February 2010, 09:17:25
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.
Title: Re: Bailing out Greece
Post by: Varche on 10 February 2010, 12:17:00
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.
Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 13:24:01
all tourists welcome ;D :y

and £ is directly accepted here :y
Title: Re: Bailing out Greece
Post by: redelitev6 on 10 February 2010, 17:18:10
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all tourists welcome ;D :y

and £ is directly accepted here :y
:y 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 ! )
Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 17:40:51
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all tourists welcome ;D :y

and £ is directly accepted here :y
:y 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 ! )

 :y :y

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.. :y
Title: Re: Bailing out Greece
Post by: Shackeng on 10 February 2010, 18:44:44
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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-)
Title: Re: Bailing out Greece
Post by: albitz on 10 February 2010, 18:47:36
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break em. >:( >:(

definitely agreed.. long live Albs ;D ;D :y
Ive nothing against the Greeks in particular Cem, I would say the same if it were Turkey or any other developed country. ;) ;D :y
Title: Re: Bailing out Greece
Post by: Lizzie_Zoom on 10 February 2010, 18:50:08
Perhaps Greece will give up its claim on Cyprus and pull out their military to save money! ::) ::) ::)
Title: Re: Bailing out Greece
Post by: albitz on 10 February 2010, 18:51:28
Quote
Quote
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-)
I think its entirely possible that the Euro currency will collapse and disappear later this decade, they can only prop it up artificially for so long, closely followed by the whole EU shambles hopefully.
Title: Re: Bailing out Greece
Post by: albitz on 10 February 2010, 18:53:15
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Perhaps Greece will give up its claim on Cyprus and pull out their military to save money! ::) ::) ::)
Very doubtful imo, and only under enormous pressure from Brussels if it ever did happen
Personally I hope they dont (sorry Cem). ;)
Title: Re: Bailing out Greece
Post by: Banjax on 10 February 2010, 19:38:14
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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 think the "I" in PIGS is Ireland, not Italy  :y
Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 19:42:54
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Quote
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break em. >:( >:(

definitely agreed.. long live Albs ;D ;D :y
Ive nothing against the Greeks in particular Cem, I would say the same if it were Turkey or any other developed country. ;) ;D :y


cant forget how they behave to us in many situations although we are neighbours.. >:(

and we dont take anything from EU by the way..
Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 19:45:30
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Perhaps Greece will give up its claim on Cyprus and pull out their military to save money! ::) ::) ::)

Greece "must" first of all, give up for its ridiculous war starting 12 mile area around the islands (which also still can be debated where they belong to..) that closes the aegean sea to my country  >:( >:( >:(
Title: Re: Bailing out Greece
Post by: cem_devecioglu on 10 February 2010, 19:54:38
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Perhaps Greece will give up its claim on Cyprus and pull out their military to save money! ::) ::) ::)
Very doubtful imo, and only under enormous pressure from Brussels if it ever did happen
Personally I hope they dont (sorry Cem). ;)

and truth : they are always using Turkey as a threat to them (which is not) to take money for their military from EU ..