Topic: Greece: Greenspan predicts exit from euro inevitable - page 2. (Read 4462 times)

Greece has spent outrageous amount of money on mililtary and military equipement.

As I wrote earlier: no because Greece location's is too important for NATO. Greece is one of the most important ports in the Mediterranean Sea. The Greek islands are full of NATO military bases. NATO wouldn't want Greece to get closer to China/Iran/Russia, which you can bet they would do if they get kicked out from the Euro.

At the end what do you think? Will the Greece get out from the Europe this year or not ?

Regardless of whether Greece leaves, the EMU is in big trouble. The EMU has a huge structural problem, and there's no way out. If the rest of the EU gives in to Greece's demands, Spain will want the same treatment, and after that Portugal, Italy and France as well. Continued austerity doesn't improve the Southern economies either, eventually turning them into Third World countries.

The EMU was never an economically sensible project, it was an idealistic political dream project to some and at the same time a French plan to contain Germany's economic power, and now faces harsh reality. A monetary union in such divergent economies without a full political union was simply a retarded plan, the strong economies will destroy the weaker ones due to a lack of control over national currency valuation, and then they drag down the strong ones with them. At the same time the weak economies abuse the relatively strong currency and low interest rates with irresponsible financial policies.

If Greece exits the EMU their economy will probably start growing after the initial chaos, possibly with deals with Russia and China. Greece is geopolitically important, so even if it doesn't pay off immediately, they'll be interested.


That's not what's going to happen. The differences between EU member countries are way too big to unite politically. It's completely unrealistic. It's about as realistic as Mexico and the USA joining politically.

So no one here is greek and can tell his personal opinion (as citizen of Greece)? I think we are at the end, the system is going to fail.

Italian minister has already said that greece is pulling shit out of their ass when they say Italy will leave if Greece leaves.
Greece is alone in this... unless they dont change their opinion before 28th its game over for them.

He is right to be fair, Europe needs to unite politically, as well as but not just fiscally. Hopefully that is what will happen.

Greece is too importante geopolitically to exit the Euro. That would automatically mean Greece getting closer to Russia/Iran/China, which NATO wouldn't like at all.

Greece is one of the most important ports in the Mediterranean sea, imagine how happy would Obama be if the NATO bases in Greek islands are replaced by Russian military bases.

its not about what greece wants, if nobody lends them more money they go insolvent in 9 days and nobody will lend to them as tsipras has already said he wont apply for the bailout extension which is connected to austerity, they either re issue their own currency and see it devalued and redenominate the debt in drachma or face mad max situation

Can I ask if someone here is from Greece? I would like to receive an opinion also from him. Thanks to all the participants (I didn't think this would be an interesting thread with a lot of valid opinions).

It is really hard to have a monetary union without a political union as well.  Many thought the Euro would not work and this is the type of situation that they thought would end it.  See this for a great summary   of US economists thinking on why it would not work.

Not saying that Greece should, just that what Europe has tried is really hard.

Also, agree that Greenspan has a tarnished image post 2008 crisis.

Would the Germans ever consider allying with Russians after WWII?  Germans were at the forefront of the US and Soviet space programs.  The Soviets went into Vienna having the first satellite ahead of the US.  This allowed JFK to pop a quick question of a joint trip the the moon.  NK quickly replied NO.  JFK dropped it.  Before that day's conference was over NK was already trying to backtrack on that answer.  JFK wouldn't ask again.  I suspect the Soviets were upset not only at the US at the Germans as well.  And consider the experience of the East Germans.  No.  I don't think a linkup of German and Russians is in the cards.  

Well consider the effect if Greece were to leave the EU.  Countries may view an EU breakup as a means of tightening their borders and so leave the EU as well.  If the European Union gets on the ropes then any pan-South American union is much more unlikely.

You're rite, Greece is already in Europe

I think if Greece goes out from Europe, they will join Africa. Or Asia, if it won't work.

Greeks are playing the Russian card since now Russia and NATO members are engaged in a new Cold War, so Greece can received its subsidies from one side or both. How about Russia further breaking up NATO weak cohesion? How far are the United States or European NATO members going deep in their pockets to prevent this from happening?

You call a future in which the EU may become a de facto satellite of Russia but the United States fought multiple wars to prevent the emergence of an hegemon on the Eurasian landmass. According to Mackinder's Heartland Theory United States have to prevent the link up of German & EU Technologies with Russian resources and Manpower just to prevent the emergence of such an hegemon

That's nothing more than speculation. SYRIZA has stated that they have absolutely no intention to push greece out of the Euro, and have backed away from many of their original proposals to achieve that.

The subject line seriously made me laugh. So what if Greenspan predicts it... this has been predicted by everyone already.  Greece has proven to be financially irresponsible and most of Europe doesn't want them in the Euro zone.  Greece has a lot of making up to do in order to get back with the financial world

You say the Greeks are courting a Russian bailout?  My guess is the Bear is in no position to bail out anybody.  When times get tough go to war - it's a simple solution to unemployment especially in the defense economy sector.

Maybe someday after petroleum is all pumped and burned, the EU will become a de facto satellite of Russia or freeze.  Not going to see a trans-Atlantic natural gas pipeline anytime soon.

Yes of course , I think the same. It has a good chance to get out from the EU but at the end it will (surely) stay in it.