It is only “a matter of time” before Greece is forced out of the eurozone, the former US Federal Reserve chairman Alan Greenspan forecast. The prediction came as the UK chancellor, George Osborne, said Britain was “stepping up” contingency planning for dealing with any escalation of the crisis.The former US central bank chairman said it was hard to see any other final outcome of attempts by the new leftwing Syriza government in Athens to renegotiate the terms of the country’s €240bn (£179bn) international bailout.“I don’t see that it helps them to be in the euro, and I certainly don’t see that it helps the rest of the eurozone, and I think it is just a matter of time before everyone recognises that parting is the best strategy,” Greenspan told BBC Radio 4’s The World This Weekend.Osborne, who held talks in Downing Street last week with anti-austerity finance minister Yanis Varoufakis, will join fellow G20 finance ministers at a summit in Turkey on Monday where the situation in Greece will dominate discussions.He warned that a Greek exit – also known as Grexit – would cause “real ructions” and “real instability in financial markets in Europe”.“This standoff between Greece and the eurozone is increasing the risks every day to the British economy. That’s why I’m going tomorrow to the G20 to encourage our partners to resolve this crisis,” he told BBC1’s Andrew Marr Show.“It’s why we’re stepping up the contingency planning here at home. We’ve got to make sure we don’t at this critical time when Britain also is facing a critical choice add to the instability abroad with instability at home.”Asked about Greece’s future in the euro, he said: “Obviously it’s a decision for the Greek people, but Greece has chosen to stay in the eurozone and has worked hard to stay in the eurozone, and frankly a Greek exit from the eurozone in my view would have very serious consequences not just for Greece.“That’s why we’ve got to avoid this crisis getting out of control.”
So a virtually broke Greece leaving the Eurozone would cause financial disaster
DUDE MONEY DOESN'T EXIST LMAO
Quote from: Madman Mordo on February 17, 2015, 04:16:56 PMDUDE MONEY DOESN'T EXIST LMAOAlan Greenspan? More like Alan Greenscam! HAHA AMIRITE?
Quote from: Sly Instinct on February 17, 2015, 04:28:07 PMQuote from: Madman Mordo on February 17, 2015, 04:16:56 PMDUDE MONEY DOESN'T EXIST LMAOAlan Greenspan? More like Alan Greenscam! HAHA AMIRITE?That's. . . Yaris Varoufakis . . .Not Greenspan.
Quote from: Voro 'Cinotai on February 17, 2015, 04:13:05 PMSo a virtually broke Greece leaving the Eurozone would cause financial disaster The thing is, any country leaving a monetary/political union would cause financial upheaval as the market has to shift and move to accommodate the changes. For instances, the City of London would be hit hard by a U.K. exit because it would have to re-allocate resources and alter its structure to deal with the new methods of conducting trade which would come from separating ourselves from the rules and regulation of the Eurozone economy. Plus there's a good chance Greek will default on their public sector debt, a good chunk of which is held by the private sector. The lack of confidence incurred by the mis-managed Greek exit could negatively effect the stock and bond markets making things further difficult. I have to admit I don't understand the internals of the Eurozone as well as I should, but I think Greece could pull off a decent exit without too much trouble.
And nothing of value was lost.
Would neighboring states gobble Greece up afterwards or would it become a "lone state"?
I have to admit I don't understand the internals of the Eurozone as well as I should, but I think Greece could pull off a decent exit without too much trouble.
Quote from: Mendicant Bias on February 21, 2015, 11:33:32 AMWould neighboring states gobble Greece up afterwards or would it become a "lone state"?They would become closer to Russia if they did.
What kinds of major changes have happened in Greece so far?
Won't happen. However, if Europe wants to prove that the Euro is a failure then forcing Greece out of the Eurozone is a good way to prove that.No, you don't Meta. Yet you are too confident with your optinions.Quote from: Meta Cognition on February 17, 2015, 04:21:28 PMI have to admit I don't understand the internals of the Eurozone as well as I should, but I think Greece could pull off a decent exit without too much trouble.
so I wasn't able to vote for SYRIZA like I wanted to.
It's okay, you still got the economically illiterate government you wanted.
it doesn't benefit anyone.
I'd rather it collapsed sooner, not later.
I would rather that it wouldn't collapse at all.Quote from: Meta Cognition on March 06, 2015, 10:50:46 AMI'd rather it collapsed sooner, not later.
It's either that or a significantly malformed monetary policy, which is even worse.
No, it's not worse than a collapse that would inevitably drag down the Eurozone with it. Nor it necessarily means a malformed monetary policy either.
Quote from: GethKhilafah on March 05, 2015, 11:43:54 PMso I wasn't able to vote for SYRIZA like I wanted to. It's okay, you still got the economically illiterate government you wanted.
No more economically illiterate than the retards running the country before.
Quote from: GethKhilafah on March 06, 2015, 12:52:11 PMNo more economically illiterate than the retards running the country before.The retards running the country before had no control over the important policies. Now you have retards running the country with no control over the important policies, and stupid ideas for what they do control.
Greece will probably leave the Eurozone
