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[Varche]

I bet no one saw that coming. Greek PM to have a referendum but the actual question to be put to the people has not yet been framed. Could be Do you want a big fat pension, early retiring age and phantom government jobs? YES /NO or maybe You think you are poor now, tick this box to become even poorer while the rich remain largely unaffected YES/NO

All we need now is the Italians and the Spanish to also have a referendum on whether they want the austerity measures their leaders agreed (in secret) with the leaders of the EU.

It is still a house of cards........... I'll give it 24 more months.

[aaronjb]

Yeah, I was really hoping our share price might stay at it's current level so I don't lose money on the recent (1st Nov) ESPP buy, but no.. the doom-sayers were out in force last week to start the slide, and now Greece want to go and screw it all up too.. 

[Kevin Wood]

This EU thing is better than any soap opera! Any guesses what shaped spanner with be chucked into the works next?

[Varche]

This EU thing is better than any soap opera! Any guesses what shaped spanner with be chucked into the works next?

It will be metric and not say BSW.

[cleggy]

My socket set is WHITWORTH 

[Terbs]

Why is the term EU Leaders used....all I ever see is the french and german pair !!!!!!!!!!

[Sir Tigger KC]

I bet no one saw that coming. Greek PM to have a referendum but the actual question to be put to the people has not yet been framed. Could be Do you want a big fat pension, early retiring age and phantom government jobs? YES /NO or maybe You think you are poor now, tick this box to become even poorer while the rich remain largely unaffected YES/NO

All we need now is the Italians and the Spanish to also have a referendum on whether they want the austerity measures their leaders agreed (in secret) with the leaders of the EU.

It is still a house of cards........... I'll give it 24 more months.

That's generous Varche.... 

[STMO123]

I love it. Every time I watch the news the situation is different. It would be hilarious if it wasn't so dangerous.

[Dishevelled Den]

Reminds me of a ditty from times past that may have some resonance in the coming months:

There's not a man on my ottoman - there hasn't been one for weeks;

There's not a man on my ottoman - he's off to fight the Greeks.

Eyethangyew.

[Rods2]

If they ever get to a referendum. The Greek prime minister is in the headmasters / headmistresses office having dinner on Wednesday with Merkel and Sarkozy, no doubt being reminded. "Veh have vays of making you comply" 

The Question will be along the lines of:

"Will you vote for this now for these measures to save the Euro, or vote again in a few weeks time with a few more concessions from Brussels"

"Yes, we want to be poor now."

"No, we want a few more concessions from Brussels before we vote again so we are not quite so poor."

As we all know that European democracy works on the principle, that if you give the wrong answer, you get a few further concessions from Brussels and vote again, this is repeated until you give the correct answer. 

[Bionic]

  It will always end up in tears because it seems that every poor country that is lent to defaults on repayment and eventually has it written off! Just look at what Africa has done over the many years and yet still comes back year after year for morev and is once again given the loan to automatically default on and then ask for more 'contributions because they are homeless or their children are starving'.
Easy solution...throw those countries who do not abide by the rules out of the EU and do not give any further loans once one has been defaulted on. At the end of the day it was the actions of those in power in those countries who led their country into debt. Just like Blair and Brown did here. We have enough to contend with to right their wrongs without assisting any other country to be better of than we are.
We are paing our national debt....so should they!
At the end of the day I still think that we were forced into the EU and would be better off being independant and allowed to again trade in a free market internationally.
What the hell does Greeece export anyway, is olive oil it?

[Dishevelled Den]

If they ever get to a referendum. The Greek prime minister is in the headmasters / headmistresses office having dinner on Wednesday with Merkel and Sarkozy, no doubt being reminded. "Veh have vays of making you comply" 

The Question will be along the lines of:

"Will you vote for this now for these measures to save the Euro, or vote again in a few weeks time with a few more concessions from Brussels"

"Yes, we want to be poor now."

"No, we want a few more concessions from Brussels before we vote again so we are not quite so poor."

As we all know that European democracy works on the principle, that if you give the wrong answer, you get a few further concessions from Brussels and vote again, this is repeated until you give the correct answer. 

As we all know that European democracy works on the principle, that if you give the wrong answer, you get a few further concessions from Brussels and vote again, this is repeated until you give the correct answer

That covert way of doing business should have already alerted those with any interest in the future of this country as it is precisely the method used with the Republic of Ireland in the aftermath of their failure to ratify the Lisbon Treaty.

The anticipated military coup there will knock the question of these Greek financial woes very firmly into the long grass.

[Dishevelled Den]

 :-[Could have worded that a bit better - the anticipated coup will of course be within Greek borders and not the Republic of Ireland's.

[Varche]

I think the Greeks are boxing clever.

They may end up out of the euro and out of debt. So the big question (the bankers) will be asking is what happens to the outstanding loans?

Remember if you owe a bank 100 pounds you are in trouble, if you owe them a billion pounds the bank is in trouble.

Won't be long before Greece is the Meds number one tourist haven.Cheap prices compared with euro and sterling anyway, sun etc. The boom will mean construction work restarts to build more bed, airport capacity in Greece.

Of course if the banks "lose out" by having to write off all the Greek Debt , then you can rest assured the rest of us will have to make it up.

[cem_devecioglu]

   dont know why I'm reading this thread with satisfaction