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  #1  
Old 01-25-2015, 03:58 PM
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whell whell is offline
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Greece - here come the lefties

http://news.sky.com/story/1414691/gr...feat-to-syriza

Creditors schmeditors. I suspect that the rich will now be asked to pay their fair share, but the entrenched gov't corruption will continue unabated.

Wonder if this will also mean one more nail in the coffin of the EU.
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Old 01-25-2015, 04:03 PM
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finnbow finnbow is offline
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Greece will be better off outside of the the Eurozone, but still within the EU. It'll be messy getting there from here, however.
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Old 01-25-2015, 05:38 PM
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Quote:
Originally Posted by whell View Post
I suspect that the rich will now be asked to pay their fair share
The rich WILL pay.

They can do it the easy way, with higher taxes, or they can do it the hard way:



It's their choice.
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Old 01-25-2015, 06:00 PM
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Good one TJ.
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  #5  
Old 01-26-2015, 12:23 PM
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merrylander merrylander is offline
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I never quite understood the idea behind the Euro. A country cannot maintain financial stability without control over their own currency. With the Euro in the hands of some wonks in Brussels this mess was inevitable. Whatever else Angela is it seems rather obvious she is not an economist.
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Old 01-26-2015, 12:50 PM
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Dondilion Dondilion is offline
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Quote:
Originally Posted by merrylander View Post
I never quite understood the idea behind the Euro. A country cannot maintain financial stability without control over their own currency.
True!

The big plus in Europe is access to cheap labor. In Britain many jobs are advertised in former soviet dominated countries.
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Old 01-26-2015, 01:08 PM
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RE: "the rich will pay." Have to address the capital flight problem. Basically, tax liability should stay attached to income, international borders notwithstanding.

'International flight to avoid taxation' should be investigated and prosecuted by international authorities empowered for that purpose. Countries that think they will provide 'havens' should face extreme sanctions.
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Old 01-27-2015, 06:51 PM
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piece-itpete piece-itpete is offline
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We DON'T want the Euro to fold. For starters it'll almost certainly crash the world economy, at least a major recession maybe worse.

It was designed to force a political union from the start. Our fearless betters, um, leaders decided after ww2 that Europe needed integrating to stop the incessant and deadly wars. They thought if they could sell a monetary union a political union would be necessary to keep it, and that the economic benefits of the monetary union would convince people to agree to the political union. Who doesn't want a new Rome?

Seriously, a unified Europe is probably in Europes' best interest and certainly in ours. Greece has to come to grips with the fact TNSTAAFL no matter what the commies say. Or become a second world country or worse, it really is up to them.

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Old 01-28-2015, 07:32 AM
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The Greeks, Italians and Spaniards were all encouraged to buy Germany's products so Angela got rich and they went into debt then the smart asses on Wall Street pulled the rug out from under everyone. Sure Pete there was a free lunch just ask the Koch bros.
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  #10  
Old 01-28-2015, 10:34 AM
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nailer nailer is offline
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Quote:
Originally Posted by piece-itpete View Post
We DON'T want the Euro to fold. For starters it'll almost certainly crash the world economy, at least a major recession maybe worse.

It was designed to force a political union from the start. Our fearless betters, um, leaders decided after ww2 that Europe needed integrating to stop the incessant and deadly wars. They thought if they could sell a monetary union a political union would be necessary to keep it, and that the economic benefits of the monetary union would convince people to agree to the political union. Who doesn't want a new Rome?

Seriously, a unified Europe is probably in Europes' best interest and certainly in ours. Greece has to come to grips with the fact TNSTAAFL no matter what the commies say. Or become a second world country or worse, it really is up to them.

Pete
We're the new Rome. Get with the program.

We definitely want an economically healthy Europe, and a viable Euro is now part of that. I remember reading an Economist article a while ago that left me with the impression that Greece isn't concerned about paying back the money. After all, the lenders can't take Greece away from the Greeks.
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Last edited by nailer; 01-28-2015 at 10:49 AM. Reason: tense correction.
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