Quote:
Originally Posted by mavruda
EU won't allow Greece to collapse. They are positioned in very strategic trade route and if they go out of EU - that will affect the whole trading process. No one needs that - and that's one of the reasons EU is making efforts of saving them.
On the other side there's a possibility the whole thing to go down with huge boom.
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They have to let Greece go. They can't keep supporting them, Spain, Portugal and Italy.
Quote:
Originally Posted by Jesus H Christ
The ECB and the IMF already said no to funding Greece unless they capitulate to austerity. Here's the problem. The EU can't let Greece fail because if they do leave the union others with much larger debt amounts like Italy and Spain will also bail. More importantly, France is one of the main underwriters of debt in all three countries.
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So France and Germany have to go into massive austerity to support the rest of the EU that won't.
You're all forgetting voters, they simply have had enough of the politicians dream. They see the flaws.
It will go back to be a trading agreement and freedom of some movement. Even the "Border-less" EU has flaws. Rumanian gypsies going to the UK with loads of kids and putting them on benefits. Plus freer movement of crime.