Will Greece be expelled from the European Union?


Jedi

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Jul 17, 2002
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#1
What is your take on the above question? Greece has been in the financial turmoil for the past few years. Is it a too big country to fail so that ECB has to save it no matter what it costs?

Recent survey showed that most Greeks wanted Greece to remain in the EU and they hope that all its members will save their country from collapsing.

International creditors are still negotiating with the newly formed Greece government on the reform packages so that the next fund will be released by the IMF/ECB.

On the other hand, look at the global financial markets, they have on the historical high regardless of falling oil price and/or Greece's problems.
 

JacePhoto

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Oct 1, 2007
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#2
In my humble opinion, European people have evolved to put humanity, rather than money, as their core values.

Of course, I may be dead wrong as there will be people/ politicians who puts money as priority.
 

jopel

Senior Member
Dec 21, 2004
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#3
Pretty face Merkel in love with Handsome Tsipras. how to expell?
Greece strategy - before each crucial meeting Alexis Tsipras will visit Putin.
Nonetheless, kicking the can to be continued.
 

zaren

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Oct 27, 2003
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#5
The Greeks are already expecting the worst and most have withdrawn their funds from the banks aready. They dont want a Grexit but are pretty much resigned to it.
 

Zenten

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Jun 13, 2004
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#7
..... Someone borrowed $1M from you and refuses to pay.....there, you have your answer...... :)

Will Singapore be expelled from Malaya? ........already 50 years now ......again, you already have your answer...............:p


............it's always about money and pride.
 

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donut88

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Nov 14, 2008
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#8
What is your take on the above question? Greece has been in the financial turmoil for the past few years. Is it a too big country to fail so that ECB has to save it no matter what it costs?

Recent survey showed that most Greeks wanted Greece to remain in the EU and they hope that all its members will save their country from collapsing.

International creditors are still negotiating with the newly formed Greece government on the reform packages so that the next fund will be released by the IMF/ECB.

On the other hand, look at the global financial markets, they have on the historical high regardless of falling oil price and/or Greece's problems.
In my all honesty, Greece needs to learn some lessons. Yes. They have to be kicked out.

They need to swim on its own. There is no such thing as free handout all the time. Even when we raise own children, one day we will tell our children when they are 21 yrs old or older that it's time to be independent and find yr own money and future. What more of a country that is just a member?

And also, they need to make Greece as an example to other members, that if u don't buck up, u will end up like Greece.

Hang the dead monkey on the tree to scare the rest.
 

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Yappy

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May 30, 2004
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#9
Get all the euro you can grab before it is gone...

Never mind whether in EU or not!
 

UncleFai

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Mar 10, 2010
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#11
"Government employees are the culprit. The Greek legislative body is comprised of multiple parties. Political power is divided among two major ones and three smaller ones. The political landscape changes after every election. Due to longstanding apathy and distrust of politics, voter turnout hovers below 50 percent. Whoever has the most loyal and organized voting base becomes the winner under such a weak structure. And who better fits that category than government employees? It is why Greek politicians mostly campaign to win the votes of government employees.

Greek government employees enjoy the best perks and working conditions in the world. They report to work at 8.30 a.m. and go home at 2:30 in the afternoon. Because people rarely come to work on time, those who do are entitled to additional pay. Monthly salaries to 850,000 government employees take up over 50 percent of the country’s GDP.

One in 10 working people is on the state payroll - five times the number in Britain. They get the equivalent of 14 months pay a year and enjoy a paid break for at least a month. At 58, they retire and receive pensions amounting to 98 percent of what they earned when working.

Greece joined the ranks of welfare states because of its generous pension system for government employees. But the benefits are strictly limited to government employees. The European Union and International Monetary Fund demanded a scaling back of the number of government employees and pension system as a condition for bailout funds."

-- http://koreajoongangdaily.joins.com/news/article/Article.aspx?aid=3003948
 

ArchRival

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Sep 17, 2006
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#12
I would prefer the troika give Greece the money on Greece's terms (which imo are not unreasonable). Then, over the next few years, unwind Greece from the Euro in an orderly fashion.
 

Yappy

Senior Member
May 30, 2004
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#13
You live on borrowed money and you demand more...

But without me all will be gone!
 

#15
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donut88

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Nov 14, 2008
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#17
I have a brilliant idea.

Greece shld offer to sell some islands to SG. We buy them and establish new SG provinces, make them as retirement places for SG aged people. Build studio apartments with nice amenities.
 

diver-hloc

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Apr 17, 2007
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#18
You might as well donate the €3 to a worthwhile charity.

Greece is unsavable just like its historical ruins.

Hard truth.... throwing good money to 'save' bad debt... pointless...


I have a brilliant idea.

Greece shld offer to sell some islands to SG. We buy them and establish new SG provinces, make them as retirement places for SG aged people. Build studio apartments with nice amenities.

Even if Greece is willing to sell....the amount of $$$$ SG would need to maintenance, protect, built and govern the islands.... will bankrupt us... in the long run...
 

#19
Even if Greece is willing to sell....the amount of $$$$ SG would need to maintenance, protect, built and govern the islands.... will bankrupt us... in the long run...
The islands won't bankrupt us. We'll turn them into technology parks and replace the islanders with hard working and cheap FTs.

Of course we'll import the Greek girls as models for our photographers: :bsmilie:

 

donut88

Senior Member
Nov 14, 2008
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#20
Hard truth.... throwing good money to 'save' bad debt... pointless...

Even if Greece is willing to sell....the amount of $$$$ SG would need to maintenance, protect, built and govern the islands.... will bankrupt us... in the long run...
U think our garment will let it bankrupt the country?

Our garment runs everything like a Inc.
 

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