EU demands answer on EU bill within 5 days

[woohoo]

So like Greece, everyone is poorer because they spent money by borrowing and now they're in self inflicted poverty?

Greece was lent money by German and French banks, recklessly. Greece is not Britain, it does not have a large powerhouse economy like Britain.

Germany has ensured that its over exposed banks have came out of this smelling of roses and Greece is in one hell of a mess. When Greece presented Germany with a plan to pay back it's debt in realistic way, Germany said no.

Bloody disgrace.

[BlasterBates]

Greece was lent money by German and French banks, recklessly. Greece is not Britain, it does not have a large powerhouse economy like Britain.

Germany has ensured that its over exposed banks have came out of this smelling of roses and Greece is in one hell of a mess. When Greece presented Germany with a plan to pay back it's debt in realistic way, Germany said no.

Bloody disgrace.

The Germans did quietly suggest that Greece could exit the Eurozone and default on all of its debts if it so wished. The fact that they bailed them out meant a very unpopular decision in their parliament to transfer billions to a what appeared to be a "black-hole" and that they would never see their money back.

The Germans never really wanted to bail out Greece, but they did out of duty, as for the Euro, Germany didn't force it on anyone. The EU is a rules based organization, having agreed on the Euro everyone in the EU was eligible to join or opt out and Greece could have opted out, but chose not to.

Germany bears no responsibility for Greece's problems, they're all self-inflicted. Germany dutifully bailed it out when requested by Greece, no-one twisted their arms to get themselves bailed out.

[PurpleGorilla]

There WILL be a second financial crisis, and we WILL see how robust the Eurozone really is.

[woohoo]

The Germans did quietly suggest that Greece could exit the Eurozone and default on all of its debts if it so wished. The fact that they bailed them out meant a very unpopular decision in their parliament to transfer billions to a what appeared to be a "black-hole" and that they would never see their money back.

The Germans never really wanted to bail out Greece, but they did out of duty, as for the Euro, Germany didn't force it on anyone. The EU is a rules based organization, having agreed on the Euro everyone in the EU was eligible to join or opt out and Greece could have opted out, but chose not to.

Germany bears no responsibility for Greece's problems, they're all self-inflicted. Germany dutifully bailed it out when requested by Greece, no-one twisted their arms to get themselves bailed out.

I think it's easy to say it's self inflicted - German and French banks loaned recklessly, with no chance of getting it back. Remember that most of the money loaned to Greece in the form of bailouts has gone to it's creditors. So German and French banks.

So, Germany is bailing out Greece, which in turn pays out to German banks that where over exposed. The money does not go into Greece, there isnt some rich restaurant owner saying hey a bailout I'm gonna be drinking like a German tonight.

So Greece is in a right mess, German and French banks are getting their money back and Greece has little or no chance of getting out of this mess.

Greece is part of the EU, the family that we supposedly divorced ourselves from. If this is how EU treats family glad we are heading out.

Say it again, it's a disgrace how Germany is treating Greece.

[sasguru]

I think it's easy to say it's self inflicted - German and French banks loaned recklessly, with no chance of getting it back. Remember that most of the money loaned to Greece in the form of bailouts has gone to it's creditors. So German and French banks.

So, Germany is bailing out Greece, which in turn pays out to German banks that where over exposed. The money does not go into Greece, there isnt some rich restaurant owner saying hey a bailout I'm gonna be drinking like a German tonight.

So Greece is in a right mess, German and French banks are getting their money back and Greece has little or no chance of getting out of this mess.

Greece is part of the EU, the family that we supposedly divorced ourselves from. If this is how EU treats family glad we are heading out.

Say it again, it's a disgrace how Germany is treating Greece.

Complete bollux. The fact that Greek public sector workers were retiring on full pensions at 50, that 13th month bonus payments in the public sector were normal and the fact that the Greek government understated its liabilities for years has nothing to do with the Greek people?
Why is it that you Brexiters use a complete Socialist Workers Party argument when it suits your purposes?
I'm surprised you didn't use the word "neo-liberal" in there somewhere as a lefty would have done making the same argument.
Maybe because: guess who taught the Germans to be "neo-liberal"? We did, from the time of Thatcher and Reagan.

[PurpleGorilla]

I think it's easy to say it's self inflicted - German and French banks loaned recklessly, with no chance of getting it back. Remember that most of the money loaned to Greece in the form of bailouts has gone to it's creditors. So German and French banks.

So, Germany is bailing out Greece, which in turn pays out to German banks that where over exposed. The money does not go into Greece, there isnt some rich restaurant owner saying hey a bailout I'm gonna be drinking like a German tonight.

So Greece is in a right mess, German and French banks are getting their money back and Greece has little or no chance of getting out of this mess.

Greece is part of the EU, the family that we supposedly divorced ourselves from. If this is how EU treats family glad we are heading out.

Say it again, it's a disgrace how Germany is treating Greece.

Well said Prof Blyth ;-)

[VectraMan]

We weren't allowed in until 1973, because we were vetoed by the French. So we didn't "[help] create what the EU is today." Perhaps it wouldn't have been the great stitch up it now is if we had been permitted to have our say on the Treaty of Rome. Or perhaps we would have made it worse, we'll never know.

I read a story about the British representative. His job was to say no to everything, which he did, whilst at the same time imploring his masters to rethink saying how Britain was missing a huge opportunity to shape the future of Europe both politically and economically.

But that was the EEC. Britain was a major part in the formation of the EU. Maybe we could have forced a rethink of FOM, but nobody thought much about it back then.

[woohoo]

Complete bollux. The fact that Greek public sector workers were retiring on full pensions at 50, that 13th month bonus payments in the public sector were normal and the fact that the Greek government understated its liabilities for years has nothing to do with the Greek people?
Why is it that you Brexiters use a complete Socialist Workers Party argument when it suits your purposes?
I'm surprised you didn't use the word "neo-liberal" in there somewhere as a lefty would have done making the same argument.
Maybe because: guess who taught the Germans to be "neo-liberal"? We did, from the time of Thatcher and Reagan.

Everyone knows that Greece has big problems, I know it, you know it. If I ran a bank, would I loan to them, no. If I did and my bank lost billions I would expect to be fired.

But if you are German bank and Germany is running the EU, guess what you get your money back.

Greece has no chance of reforming. It certainly wont be in a position in a few years to refuse a request to move to a federal EU state.

[BlasterBates]

I think it's easy to say it's self inflicted - German and French banks loaned recklessly, with no chance of getting it back. Remember that most of the money loaned to Greece in the form of bailouts has gone to it's creditors. So German and French banks.

So, Germany is bailing out Greece, which in turn pays out to German banks that where over exposed. The money does not go into Greece, there isnt some rich restaurant owner saying hey a bailout I'm gonna be drinking like a German tonight.

So Greece is in a right mess, German and French banks are getting their money back and Greece has little or no chance of getting out of this mess.

Greece is part of the EU, the family that we supposedly divorced ourselves from. If this is how EU treats family glad we are heading out.

Say it again, it's a disgrace how Germany is treating Greece.

This is equivalent to blaming an employer for the actions of a compulsive gambling employee because they paid them a regular salary to enable them to gamble.

No doubt the Leave voters will blame the EU after they've trashed their economy because the EU let them leave.

[darmstadt]

I think it's easy to say it's self inflicted - German and French banks loaned recklessly, with no chance of getting it back. Remember that most of the money loaned to Greece in the form of bailouts has gone to it's creditors. So German and French banks.

So, Germany is bailing out Greece, which in turn pays out to German banks that where over exposed. The money does not go into Greece, there isnt some rich restaurant owner saying hey a bailout I'm gonna be drinking like a German tonight.

So Greece is in a right mess, German and French banks are getting their money back and Greece has little or no chance of getting out of this mess.

Greece is part of the EU, the family that we supposedly divorced ourselves from. If this is how EU treats family glad we are heading out.

Say it again, it's a disgrace how Germany is treating Greece.

Absolute bollocks but what do you expect from the uninformed masses