EPTThe European Debt Crisis and the Euro - Page 30
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Velr
Switzerland10929 Posts
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smokeyhoodoo
United States1021 Posts
On June 29 2011 18:29 Eeevil wrote: Speaking for my own selfish reasons I say....damn I hope so as most of my income comes in USD, I've become rather poor over the past years. How would it help you? | ||
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chickenhawk
Portugal339 Posts
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Velr
Switzerland10929 Posts
Defaulting Greece would be a horrible example for Portugal, Spain, Italy... What do you think the credit rating of this countries would become if Greece would just "default/take the get out of jail free card"?... | ||
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chickenhawk
Portugal339 Posts
And who cares about the ratings know days? Lehmans Brothers had a pretty good rating 2 days before bankrupts, A2. When a company is not responsible for the rating they give, that rating is bullshit. | ||
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Velr
Switzerland10929 Posts
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amatoer
Germany212 Posts
On June 29 2011 18:30 schaf wrote: yes, EURO will go down if we keep trying to help countries who simply cant get enough economic power to pay us back or at least pay for themselves some day thank you, CDU. i know why i never voted for u -.- wrong. The Euro will go down if we refuse to help countries that belong to the Eurozone or if we keep on destroying its economy. There is no possibility of banning Greece from the EU, because it would only put the focus onto Spain, Ireland or even Italy. That would be the slow death for the Euro and the EU. And since no country benefits from the Euro and the Schengen Agreement as much as Germany does, so it's our own interest that we keep Greece alive at all cost (because everything else would be multiple times more expensive). So I really cannot understand why the EU politics are so hard and want to cure the greece economy within 1 or 2 years. It obviously doenst work that way since the people are very, very upset, anti-european opinions and partys are getting popular and the economy becomes weaker and weaker. I dont see the problem in a slower progress. I'm talking here about 10 or 15 years of regaining economic strength, managed by greece politicians with european support. Of cause it has to be discussed in a more detailed way, but a slower, lasting growth is better than a quickly foced one. But at the moment, the EU doenst seem to me like one big group with the same goal, it's more like everyone follows his own egoitic ideas and wants to reach common goals with the own best possible benefits. But that's not really the idea behind the EU and it needs politicians who believe in the "european idea" again, to overcome this crisis. | ||
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chickenhawk
Portugal339 Posts
As it seems, as bizarre as it is, ratings are still important. I don't know why, but they are There are alot of examples, specially in US, where banks days before of being bail out had AAA and AA rating. Although this is just my opinion, rates are there to harm the people that can pay. | ||
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perser84
Germany399 Posts
i mean their main income is tourisim and the other thing is a country like that cant get bankcrupt from 1 day to the other so somepeople failed to see that it would be like that the other problem is with the raiting was that they took the raiting from a private american comany i mean why the guys in europe made their own investigation i cant really prove it but there are people who dont wanted a united europe, a strong euro and try to attack with something like what in greece happend | ||
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Velr
Switzerland10929 Posts
Ratings aren't good or necessarily right, but they are still important. | ||
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Grend
1600 Posts
Pretty good article series about this in english | ||
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smokeyhoodoo
United States1021 Posts
On June 29 2011 19:05 amatoer wrote: wrong. The Euro will go down if we refuse to help countries that belong to the Eurozone or if we keep on destroying its economy. There is no possibility of banning Greece from the EU, because it would only put the focus onto Spain, Ireland or even Italy. That would be the slow death for the Euro and the EU. And since no country benefits from the Euro and the Schengen Agreement as much as Germany does, so it's our own interest that we keep Greece alive at all cost (because everything else would be multiple times more expensive). So I really cannot understand why the EU politics are so hard and want to cure the greece economy within 1 or 2 years. It obviously doenst work that way since the people are very, very upset, anti-european opinions and partys are getting popular and the economy becomes weaker and weaker. I dont see the problem in a slower progress. I'm talking here about 10 or 15 years of regaining economic strength, managed by greece politicians with european support. Of cause it has to be discussed in a more detailed way, but a slower, lasting growth is better than a quickly foced one. But at the moment, the EU doenst seem to me like one big group with the same goal, it's more like everyone follows his own egoitic ideas and wants to reach common goals with the own best possible benefits. But that's not really the idea behind the EU and it needs politicians who believe in the "european idea" again, to overcome this crisis. How is forcing more debt upon someone with massive debt problems "helping them"? All you're doing is delaying the inevitable collapse, and making it worse in the process. Your "European Idea" is anti-democratic, anti-sovereignty, and pro-slavery. You can't buoy up an inherently unstable system by shoveling in more and more debt. Watch the video above to learn what the monetary system is, posted by your fellow German who happens to be far more sensible. The EU is a lobbyists wet dream, and is the institution by which corporations are conquering your continent. | ||
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MERLIN.
Canada546 Posts
On March 01 2010 15:03 lOvOlUNiMEDiA wrote: Greece can't pay its debts. So the EU, especially Germany, is wondering what to do. I hadn't thought too much about this and didn't think that it was a big deal. But then I read this article that claims that without precise actions the "euro may not survive." The article also mentions that even if the Greek crisis is dealt with that is only the beginning of the problem because there is a lot of debt in other countries, especially Spain, as well. So, please tell me how you see this difficult time in Europe playing itself out. Article Mod Edit: This is serious business. Anyone who posts trash in this thread will be banned. Shit like this really freaks me out, you always hear about conspiracy theorys that the US Dollar keeps bringing down the other currency till they will eventually be removed, means of doing that ? Debt... Now it might be happening? Always thought that theory was stupid, but its kinda crazy. | ||
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smokeyhoodoo
United States1021 Posts
On June 29 2011 19:30 MERLIN. wrote: Shit like this really freaks me out, you always hear about conspiracy theorys that the US Dollar keeps bringing down the other currency till they will eventually be removed, means of doing that ? Debt... Now it might be happening? Always thought that theory was stupid, but its kinda crazy. That's silly, the U.S. dollar is just as fucked as the rest of them. More so actually. | ||
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iba001
Australia156 Posts
its unbelieveable that in the midst of all this, it is the Australian dollar that has stayed strong, and has the backing of a relatively strong economy. Who needs a highly skilled, technologically advanced economy? Just dig shit out of the ground and sell it to China and you'll be fine. | ||
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iPlaY.NettleS
Australia4433 Posts
On June 29 2011 18:48 Velr wrote: It's not about cheaper. It's about whats better for the whole EU. Defaulting Greece would be a horrible example for Portugal, Spain, Italy... What do you think the credit rating of this countries would become if Greece would just "default/take the get out of jail free card"?... Bail them out and they will just need another bailout in 6 months or a year. That's silly, the U.S. dollar is just as fucked as the rest of them. More so actually. I didn't understand what he was saying.It's a "conspiracy theory" that the US Dollar is bringing down the other currencies? Fiat currencies are just pieces of paper with no real value , the more units of them in circulation = the less the value of them.Printing money to bail out banks/countries (Most US bonds are now bought by the US Federal Reserve) makes the currency less valuable.Whats hard to understand here. | ||
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Velr
Switzerland10929 Posts
On June 29 2011 19:39 iPlaY.NettleS wrote: Bail them out and they will just need another bailout in 6 months or a year. Probably And your point is? | ||
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smokeyhoodoo
United States1021 Posts
On June 29 2011 19:39 iPlaY.NettleS wrote: Bail them out and they will just need another bailout in 6 months or a year. I didn't understand what he was saying.It's a "conspiracy theory" that the US Dollar is bringing down the other currencies? Fiat currencies are just pieces of paper with no real value , the more units of them in circulation = the less the value of them.Printing money to bail out banks/countries (Most US bonds are now bought by the US Federal Reserve) makes the currency less valuable.Whats hard to understand here. No idea. I think they just assume we're nuts because there are so few of us and they just don't bother looking into these things themselves. | ||
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smokeyhoodoo
United States1021 Posts
Quit forcing them into ever deeper trouble? | ||
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chickenhawk
Portugal339 Posts
Probably And your point is? Let them default, and it will be over. | ||
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