Comments on: Greek euro exit on agenda if bailout deal violated: France

By: TRACER

TRACER — Tue, 10 Jul 2012 06:14:24 +0000

The best thing what Greece can do is leave EU, it is a money trap which Greece has fallen in. Bailouts are only for the banks and not for the Greek small industry or its population. Bailouts helps only miss management of the banks CEO’s. Since S&P is supported by the banks and insurance companies there for Greeks rating can go up and down according to the wish. There are no parameters for the rating setup. Greece has so much oil and gas which will be later taken away for free because the multinational companies will buy privatize state owned object or property very cheep for example Air Port, Sea Port, and railway, Post and so on. A country in general can not get bankrupt. The local tax payers will suffer for the entire miss happening. Disagree champions should prove other wise. I have worked in and with bad banks right on the source and have good inside knowledge

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By: Jman

Jman — Thu, 07 Jun 2012 10:35:25 +0000

In reply to Pacific 9.

Theres no way that Greece would get the USD that’s just absurd!! That would weaken the US economy further as they would absolve all debts and still have to worry about fire fighting Greek financial crisis. They would go back to the Dracma.

Greece’s sovereign debt maybe equal to that of the States but the difference is the USA is worth much more than Greece and has the ability to generate revenue on a much bigger scale.

What I can see happening is Greece will leave the Euro, foreign businesses will set up in Greece due to cheap employment and tax breaks for foreign investors. Anything financial will be handled by th EU as they are in soooooo much debt and owe us all sooooo much money that they cant be truste to run their own books.

It will probably be a 60 year plan for Greece to return to 100% autonomy. Maybe we should all lease Greece like Britain did with Hong Kong as part payment?

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By: Pacific 9

Pacific 9 — Wed, 06 Jun 2012 05:58:33 +0000

If Greece exits the EU, Greece will probably collapse. Who in right mind wants to hold Greece’s new currency when everyone is reducing the USD given that both countries share similarity in heavy indebtedness. If Greece’s new currency is worthless so too would almost all its assets except maybe for some strategic land. It is not like Greece have past credentials and fundamentals anywhere near the sight of US. Greece’s domestic consumption unlike that of US probably cannot even help Greece earn enough to service outstanding loans. What’s more, Greeks themselves may even ditch their own currency for EUD or USD. Greece as a gauge can test the water by asking if US is willing to loan it interest free money to refinance its loans?

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