Should we bail out Greece?

[70-plus]

As Greece (and most other countries) owes so much money to the banks, surely any bail-out money from other countries, Europe and the IMF is going to go straight to the banks to pay the interest on the debt. I think Greece should default - why should our money go to the banks who lent to the Greeks. If Greece defaults the euro will lose its value and we can have cheap holidays in Greece!

 

[John Marwood]

As Greece (and most other countries) owes so much money to the banks, surely any bail-out money from other countries, Europe and the IMF is going to go straight to the banks to pay the interest on the debt. I think Greece should default - why should our money go to the banks who lent to the Greeks. If Greece defaults the euro will lose its value and we can have cheap holidays in Greece!

Thank you for explaining double defualt swops to us

If I maybe so rude I think we should concern ourselves rather more with another round of Quantitative easing which is our own way of saying we are worth less than the Drachma and because people ( in general ) dont understand it, we are not taking to the streets - just yet..

More Ouzo anyone?





Buy copper - sell currencies

 

[Hetairoi]

No we shouldn't bail out Greece or where would it end, every country could over spend knowning that they would be bailed out.

One of the (so called) advantages of not joining the Euro is that we wouldn't be called on to bail out failing euro countries!

The sooner we leave the EU the better!

 

[tek-monkey]

A year old now, but still interesting:

 

[Markerat]

If Greece goes back to the Drachma it will be 1/5 (one fifth) its value of when it left.

Under 25's in Greece are at 50% unemployment due to lack of work and lack of motivation to work from high taxes.

 

[United57]

Depends if we trade with them and they buy a lot from us then yes but if we only buy from them. Its let them eat cake time and we can buy really cheap properties and have cheap holidays.

If Spain, Italy, Ireland and Portugal defaulted then whilst it would have an effect on us it will have a bigger one on France and Germany

 

[John Marwood]

One single currency only really works with one single administration

10 years of pretending its all going to balance out means another decade to ' rebalance ' the books

If the UK were in the Euro it would be included with Ireland Spain and Portugal

Greece is in a league of its own


Iceland with that ?

 

[John Marwood]

Pounds, number for the latest agreed Greek ' bail '

107,000,000,000.00

 

[John Marwood]

Italians turn now..

 

[Gramaisc]

Are we bailing out the Greeks, et al, or are we bailing out the people who have made bets and lost?

 

[John Marwood]

Are we bailing out the Greeks, et al, or are we bailing out the people who have made bets and lost?

Well point, goodly made

 

[Jimbo]

Let then default, leave the EU and show what a Bureaucratic, expensive nonsense it has all been.

I'm fairly certain of the tin-pot idea went belly up we could still travel easily and trade well, just without Brusells telling me what a cucumber should look like and how I can way things!

 

[John Marwood]

Let then default, leave the EU and show what a Bureaucratic, expensive nonsense it has all been.

I'm fairly certain of the tin-pot idea went belly up we could still travel easily and trade well, just without Brusells telling me what a cucumber should look like and how I can way things!

Britain never left recession, only the Quantative Easing has masked it

Peak Oil will ensure recession lasts and may result in depression

More banks will 'fail' and this time there will be no bail out

UK Shares will crash, the pound will devalue and all our savings, pensions and property will have a token value

Aprt from that everything will be fine and dandy

 

[Gramaisc]

Vince is quite worried about 'right-wing nutters'..

 

[John Marwood]

Greece? Try the UK...


UK public sector debt estimated at £135,000 per household




http://www.telegraph.co.uk/finance/economics/8663781/UK-public-sector-debt-estimated-at-135000-per-household.html

 

[basil]

Greece? Try the UK...


UK public sector debt estimated at £135,000 per household



http://www.telegraph.co.uk/finance/economics/8663781/UK-public-sector-debt-estimated-at-135000-per-household.html

I heard it was 136,000 not that i know them all personally .........



Admin edit: Moved poster's comment outside quote tags for clarity.

 

[John Marwood]

Greece? Try the UK...


UK public sector debt estimated at £135,000 per household



http://www.telegraph.co.uk/finance/economics/8663781/UK-public-sector-debt-estimated-at-135000-per-household.html

I heard it was 136,000 not that i know them all personally .........



Admin edit: Moved poster's comment outside quote tags for clarity.

Sell £'s buy kr

 

[John Marwood]

Time to stuff the mattress?

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8673106/Lansdowne-Partners-sells-entire-850m-stake-in-Goldman-Sachs.html

 

[Gramaisc]

What with? Photographs of money?..

 

[John Marwood]

What with? Photographs of money?..

Coal?