Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘eurozone’

… The Situation with the Euro is Getting Dangerous [#a game of Chicken]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. maybe Dr. Doom [Nouriel Roubini] is off of his game ..

.. maybe not .

.. the Greeks are testing the limits of the Eurozone system . No , they do not want to be kicked out of the Euro . Not without good reason . However , the Greeks feel that the austerity package that they are being forced to endure is intolerable . The debt load is accelerating , and the amount of austerity that Athens is forced to endure is becoming intolerable …

.. [h/t — Newsmax.com]..
.. [link] to the blog post …

.. The Germans are a patient people . They have rebuilt their fiscal reputation on being conservative and being very patient . Patience has its limits , though . Germany may feel that it may not be worth having Greece in the euro any longer , at some point . The question is , where is that point , and who makes the call ??

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… Greece is headed for a Disaster of Colossal Proportions [#Grexit]…

Posted by paulfromwloh on Thursday,January 28th,2016

.. right now , Greece ‘ s exit from the Euro is only a matter of time . It is going to happen . But Why ?!?! …

.. Greece refuses to reform . Waaaay too much of Greece ‘ s economy is in the state sector . Their tax system is grossly inefficient . It does not collect the amount of taxes that it needs to …

.. Its banks are on the precipice . They are about to collapse . They have nobody but themselves to blame for this disaster ..

.. [h/t — DailyTelegraph.co.uk]..
.. [link] to the news article ..

.. it will take a long time for Greece to regain economic stability . Tsipras is done as PM . He and Syriza will be driven out of politics for their colossal mismanagement of the situation . They deserve it …

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… Greece is Losing Its Fight [#the Euro]…

Posted by paulfromwloh on Sunday,July 12th,2015

.. the Greeks have done quite a bit to fix things ..

.. but they still have major problems with their ” friends ” in the Eurozone : …

.. [-] finance — their level of debt climbs ever higher . They never seem to change enough ..

.. [-] sustainability — the Greeks do not seem to be able to hold in with their reform programme for the long term . The frequent changes in government do not help …

.. [-] trust — Greece is not trusted by the powers – that – be in the Eurozone . These folks feel that no matter what they do , Greece is doomed ..

.. [h/t — Newsmax.com]..
.. [link] to the blog post ..

.. so Greece is still in deep , deep trouble …

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