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Old Feb 13th, 2012, 07:34 PM   #1
syswizard
 
 
Join Date: Jun 2004
Location: PA
Posts: 3,989
survive given the fact their own people are causing damage from riots, and they are not working due to strikes...police are on overtime, etc.

How can this country get out of this mess given these facts ?
This is economically damaging stuff they're doing.
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Old Feb 13th, 2012, 07:38 PM   #2
clacy
 
 
Join Date: Sep 2006
Posts: 2,626
They won't without leaving the EU, IMO. They agreed to austerity. Wait to see if they actually follow through with that, when election time rolls around.
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Old Feb 13th, 2012, 07:54 PM   #3
syswizard
 
 
Join Date: Jun 2004
Location: PA
Posts: 3,989
If they leave the EU, who in the heck is going to buy their debt obligations ? Some hedge funds seeking high returns ?
Who else would take the chance of default ?
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Old Feb 13th, 2012, 07:56 PM   #4
noone3
 
 
Join Date: Apr 2007
Posts: 373
Quote:
Quote from clacy:

They won't without leaving the EU, IMO. They agreed to austerity. Wait to see if they actually follow through with that, when election time rolls around.
+1

With a small correction ... I want to believe that "they agreed" refers to the politicians and NOT the people!

This government has not been elected to deal with the 2010-2011 economic events. The info prior to the last election was thousands of miles away from what is happening today, so no one represents the people.

Indeed, this is not sustainable within the EU.
It is just s time bomb that WILL explode
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Old Feb 13th, 2012, 08:00 PM   #5
noone3
 
 
Join Date: Apr 2007
Posts: 373
Quote:
Quote from syswizard:

If they leave the EU, who in the heck is going to buy their debt obligations ? Some hedge funds seeking high returns ?
Who else would take the chance of default ?
IMHO, there is vast interest in this country, and this is exactly why all this is happening right now.
There has been Asian and Russian interest already. There are other ways to fund the debt in ways sustainable for the ppl, but for now it is under western control unfortunately
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Old Feb 13th, 2012, 08:17 PM   #6
clacy
 
 
Join Date: Sep 2006
Posts: 2,626
Quote:
Quote from syswizard:

If they leave the EU, who in the heck is going to buy their debt obligations ? Some hedge funds seeking high returns ?
Who else would take the chance of default ?
If they leave the EU, they can weaken their currency and bolster their #1 asset..... tourism.
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