F*ck Greece!
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25 Oct 2011, 10:18
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Journals
Greek citizens struggle to accept the reforms needed to rectify the country's long-standing structural and fiscal problems.
Will Greece bring EU down?
Fuck Greece!
Kick them from EU.
Will Greece bring EU down?
Fuck Greece!
Kick them from EU.
EDIT: btw, I want to work in Greece, I get bonuses when I actually show up in work on time, they are retiring somewhere in mid 50s and their pension is like 90% of their original salary. Good country is good
I ve heard that it would result in a downturn and countries like germany, france etc. wouldnt be able to keep their good exportperformance up. Also "safe" countries like switzerland would have massive problems, because their money would be too expensive for other countries. Therefore, it could also result in downturns in other countries and a new financial crisis.
It sounds so easy, but it isnt. We HAVE TO save their asses, else we are fucked.
Someone who has more knowledge about this topic can also share his opinion, since im not 100% sure if i understood everything right :)
Switzerland has put a limit on the amount its currency can increase in value,I think about 1.3 to the €,this was done recently to stop people investing their money in safe currencies like the swiss franc,and selling potentially weak currencies like the €.When investors do this,the swiss franc increases in value,and makes their exports more uncompetitive,and the value of the € decreases.
if greece would leave the euro zone for example their new introduced currency would get rated till zero - which would be a total faceroll for them.
but also dont forget all euro holding countries already have really huge amount of debts and just spending billions on greeece, finanzed with new credits (aka debts) by these countries wont help greece or anybody else.. its just a delaying things and maybe makes them worse as they are already if theres not a brilliant idea of someone soon.
to be honest... no one knows how things will develop and which way is now the right one to choose. but as soon as spain/italy or even france getting near to a situation like greece or ireland are, the euro failed.
hey mate sup?
ofc its citizens wont accept that, they are not as dumb as u.