[Wooden Spoon]

looks like the anti austerity, and anti EU left wing party has won.

Will Greece be declared bankrupt and have to start again?

Is this the beginning of the end of the nonsense of the Euro(currency) and European central bank, just on the verge of them announcing a policy of Quantative easing.

Be it 3 years too late, and in modern economic and geo political terms, the biggest monumental error since 1945?

[SpireiteFitzy]

I wonder if it'll start ruffling the feathers of established parties all over Europe, particularly our own two. A lot thought support for Syriza would diminish as it came to the business end of elections and people reverted to type when voting, clearly not the case. I can imagine a few more nervous figures in Westminster as our own anti-Eu party continues to gather momentum. Obviously not for an outright win but for possibly needing them to form a coalition.

As for Greece it's seems like they are a lost cause no matter who is in power, there's no way Germany will agree to renegotiate the bailout, they and many European governments were quite cosy with the outgoing prime minister and won't be happy he has been ousted.

[Phil V 72]

A National Socialist Party in a bankrupt European Country? What could go wrong???

[HistoricWarwick]

I am sure there is an element of irony in a 'National Socialist' party taking control of a Government following a period of ailing economics (albeit for different reasons).

I bet it is not lost on the Germans...

[Wooden Spoon]

HistoricWarwick, on 26 January 2015 - 11:21 AM, said:

I am sure there is an element of irony in a 'National Socialist' party taking control of a Government following a period of ailing economics (albeit for different reasons).

I bet it is not lost on the Germans...

Will the Germans allow the EU to waive some of the Greek debt?

[HistoricWarwick]

a kick in the balls, on 26 January 2015 - 03:19 PM, said:

Will the Germans allow the EU to waive some of the Greek debt?

That the nub of it isn't it. If they do then does the house of cards come crashing down because you can bet your bottom dollar the Spanish and Italians will want to renegotiate the same because some political party in their countries will promise it.

This wouldn't have happened if De Gaulle was alive and in charge - he wouldn't have let anyone in.... Especially the British!

[Mr.Spireite]

AM I right in the fact that it's not the first time Greece has gone bankrupt ?

[Wooden Spoon]

Mr.Spireite, on 28 January 2015 - 05:31 PM, said:

AM I right in the fact that it's not the first time Greece has gone bankrupt ?

Turkey did a while back but I dont think Greece did

[Wooden Spoon]

Germany rejects Greek proposals.




The beginning of the end

[Mr.Spireite]

a kick in the balls, on 28 January 2015 - 10:18 PM, said:

Turkey did a while back but I dont think Greece did

If they go bankrupt in the future it will be the sixth time

http://chaostrading....-greek-defaults

[Wooden Spoon]

Mr.Spireite, on 20 February 2015 - 04:59 PM, said:

If they go bankrupt in the future it will be the sixth time

http://chaostrading....-greek-defaults

interesting article - and it seems Syriza have bought a couple of days time - but at what political cost at home. Its an interesting game of brinkmanship between the Greeks and the Germans, and the Euro fell again on the currency markets.