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#1
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The Greek crisis is a Euro crisis
The Greek crisis is a Euro crisis
The Greek crisis is a Euro crisis http://europenews.dk/en/node/29993 Excerpts: "A lot of attention has been paid to the economical crisis in Greece. This is understandable, for Greece has broken important promises and apparently committed fraud towards the other eurozone members. However, the narrow focus on Greece clouds what really matters: This is no mere Greek crisis, this is a crisis for the euro as such... ....The exact extent of fraud committed by Greece to appear euro-ready is still uncertain, as new details are still emerging,... .....Greece really needs a devaluation ....Now, since Greece no longer has a national currency, devaluation is not an option.... ....Greece does admit to extensive fraud in order to join it - but opens a different front, in stating that Italy is even more fraudelent... ...A prediction: Since the other eurozone leaders are setting the rules, no credible threat of kicking Greece from the euro will be made, not to mention Italy. The expediency of lenience can be expected to dominate over strict consequences, the money supply of the euro will be permitted to expand, and the fundamental problems of competitiveness and mounting tension will remain, all while the eurozone economies will continue to falter. There is a fundamental need for a return to market economy in the financial markets. Won't happen anytime soon. Further centralization of power in Brussels is a more likely outcome." |
#2
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The Greek crisis is a Euro crisis
And both Greece and the European Union are dealing well with Greece's
problems. We have more than one state right here who are bankrupt, same ole ****, different day. |
#3
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The Greek crisis is a Euro crisis
GLOBALIST wrote:
And both Greece and the European Union are dealing well with Greece's problems. We have more than one state right here who are bankrupt, same ole ****, different day. One normally decries all crossposting, however, you've committed a further sin. You've added a.a.d-p. to your response which means that we here do not know what the original message referred to or on what newsgroup it was posted. 2 out of 10 - must do better next time. |
#4
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The Greek crisis is a Euro crisis
And you need to get a life
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