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Topic: What Next for Greece? Loan Averts Crisis but Debt Still Huge (Read 873 times)

legendary
Activity: 3766
Merit: 1217
Don't know that there was enough public support for grexit last year. There was for less austerity. But for leaving the euro? Syriza promised to stay in the euro and reduce austerity and was voted into office. When they were pressured to impose austerity measures and the new elections were called syriza won again. Greeks could have voted for parties that would leave the euro then. But didn't.

None of the mainstream parties were in favor of the Grexit (perhaps with the exception of the ultra-left KKE and the ultra-right Golden Dawn). The Popular Unity party failed to cross the threshold. Syriza was rather interested in getting more favorable terms from the Eurozone, and they used the threat of Grexit quite effectively.
legendary
Activity: 1135
Merit: 1001
Greece needs to leave the euro. There was public support for this last year, but their government chickened out. All that has done is make the pain much worse when they actually have to exit a few years down the line.

Don't know that there was enough public support for grexit last year. There was for less austerity. But for leaving the euro? Syriza promised to stay in the euro and reduce austerity and was voted into office. When they were pressured to impose austerity measures and the new elections were called syriza won again. Greeks could have voted for parties that would leave the euro then. But didn't.
legendary
Activity: 3766
Merit: 1217
Not only leave the euro but leave the EU. EU is a shithouse, a jewish project to create the One World Government.

Don't worry about the EU. The European Union is about to collapse, with or without the Brexit. Even before the migrant influx, the finances were under severe pressure due to the Eastern European parasite nations leaching off the money. Now with millions of migrants who are not interested in working to be taken care of, the system is at a breaking point.
hero member
Activity: 616
Merit: 500
Not only leave the euro but leave the EU. EU is a shithouse, a jewish project to create the One World Government.
legendary
Activity: 1652
Merit: 1088
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Greece needs to leave the euro. There was public support for this last year, but their government chickened out. All that has done is make the pain much worse when they actually have to exit a few years down the line.
legendary
Activity: 1666
Merit: 1001
I still remember when Greece want to declare bankruptcy so many riot happens, I think loan is the most logical move to make now, a lot of country with huge debt still can stand until now
I think in this case Greece doesnt has many choice to save the country, i think loan is the right move
legendary
Activity: 3276
Merit: 2442
Europe has no other choice than forgiving the debts of Greece and Greece has no other choice than leaving the union. (Actually they can stay and use Merkel's free money but they may get bored and go "This is Sparta!" at some point)

Greece fell in to the trap set by Angela Merkel and her boyfriend Recep Tayyip Erdoğan. Merkel is not giving any free money to Greece. On the other hand, the German and Turkish bankers are looting the Greek natural resources. Most of the money provided by IMF and the other agencies were stolen by the Greek oligarchs, who quickly moved it to London and Istanbul.

You are right, but you can't make this look like its Erdog's or Merkel's fault. It is Greece's own fault. Nobody put a gun to those people's head and told them to "steal everything". They are just corrupt. They stole from their own country and for the moment they got away without a penalty.
hero member
Activity: 616
Merit: 500
The next for Greece is nationalization of banks.
legendary
Activity: 3766
Merit: 1217
Europe has no other choice than forgiving the debts of Greece and Greece has no other choice than leaving the union. (Actually they can stay and use Merkel's free money but they may get bored and go "This is Sparta!" at some point)

Greece fell in to the trap set by Angela Merkel and her boyfriend Recep Tayyip Erdoğan. Merkel is not giving any free money to Greece. On the other hand, the German and Turkish bankers are looting the Greek natural resources. Most of the money provided by IMF and the other agencies were stolen by the Greek oligarchs, who quickly moved it to London and Istanbul.
legendary
Activity: 3276
Merit: 2442
Europe has no other choice than forgiving the debts of Greece and Greece has no other choice than leaving the union. (Actually they can stay and use Merkel's free money but they may get bored and go "This is Sparta!" at some point)

If EU loses Greece, it won't stop there. The others will follow. (Like Spain, Italy, Portugal) Soon there won't be any EU. Germany and France will do whatever it takes to prevent this.
hero member
Activity: 616
Merit: 500
legendary
Activity: 3234
Merit: 1130
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Quote
A: Likely. Greece may have avoided a default this summer, but its mountain of debt continues to grow — peaking this year at nearly double to country's economic output, or 330 billion euros. Every Greek man, woman and child will eventually have to pay back an average of €30,000 euros ($33,400) each, even if the repayment terms are improved.

For that to work, Greece will need to keep meeting its ambitious budget surplus targets and get its economy growing again. The European Union forecasts Greek economy will grow 2.7 percent next year after three years of no growth.

The IMF doesn't buy those numbers and says something more needs to give: More generous debt relief or more austerity — or a mixture of both.

innocent people will pay debts because of problems of corruption and tax evasion

hero member
Activity: 616
Merit: 500
Grexit is the solution for Greece.
full member
Activity: 120
Merit: 100
Greece gone die.
xht
sr. member
Activity: 462
Merit: 250
hey you, yeah you, fuck you!!!
Greece problem should be solved at the earliest. Cant see people having difficult time for so long
Not easy to clears a crisis problem, the first they must fight with corruption and tax evasion are the big problems that seem to be ignored in this crisis.
hero member
Activity: 560
Merit: 500
IMF wants others to forgive debt so they can lend Greece more. Who are the morons running the place? gnaw IMF!
legendary
Activity: 3374
Merit: 1824
Greece have very serious debt problem and it's not easy to solve.
They have already reduced pensions, increased taxes, and accepted much more as lenders demanded of them but still it seems this is not enough.
The final solution will probably have to include debt forgiveness but the question is if the Germans will accept such solution.
If not, probably Greece will not be able to repay all its debts, and the crisis will deepen and prolong.
Germany and Merkel are the key for the solution of this problem.
full member
Activity: 226
Merit: 100
Greece problem should be solved at the earliest. Cant see people having difficult time for so long
hero member
Activity: 616
Merit: 500
EU has bigger problems than Greece now with the Brexit.
legendary
Activity: 1218
Merit: 1027
I thought there in Europe so debt is every one's in the EU debt..So give them more money scrap the debt and let them build there country again..
Now if this is not the out come then what's the point in being in the EU i thought the people wanted to be as 1 big Europe...well Greece it's debt is the EU's DEBT..  PAY UP EU..And scrap Greece debt..After all it's only numbers on a computer look at the amount I can type for greece..

9,0000000000000000000000000000000000000000000000000000000000000000000000,000000000000000000000000000000000000000

Here you go Greece spend that.. interest free.. Just next time we will have to charge you 5% on our pretend money..
That's all it takes from the powers that be..
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