Greek elections-what do you think?

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This topic contains 9 replies, has 6 voices, and was last updated by Profile photo of DBMarcos99 DBMarcos99 4 years, 5 months ago.

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  • #56877
    Profile photo of angie
    angie
    Spectator

    With Sunday’s crucial Greek elections what do you think will happen and what effect on the Eurozone?

    There seem to be 3 choices: the right get in, the left get in, or stalemate again, but it’s very hard to guess.

    If I was betting, I think the Right will get in and stay in the Euro but try and renegotiate their terms ๐Ÿ™„ Could be completely wrong though ๐Ÿ˜•

  • #109718
    Profile photo of katy
    katy
    Spectator

    Yes I think they will stay in the euro at least they will still get the handouts.

    Seem ludicrous that a country that comprises only 3% of the eurozone economy shoud cause so much upheavel ๐Ÿ™„

  • #109727
    Profile photo of Anonymous
    Anonymous
    Participant

    Ii is not the 3% of the economy that is the issue. The issue is the loans from the French & Italian. Banks.

  • #109729
    Profile photo of Anonymous
    Anonymous
    Participant

    They will vote for which ever party that means they stay in the Euro.

    If they vote knowing their choice will mean Euro exit then they are voting for instant self imposed austerity, by way of huge job losses in the public sector, and huge price rises in every product that is not Greek.

  • #109738
    Profile photo of logan
    logan
    Participant

    Greeks have voted by a slim majority to remain in the Euro. No surprise there, turkeys never vote for Christmas. The problems remain and nothing has changed. The left will be a strong voice in opposition and New Democracy needs Pasok to form a government. They will doubtless have to go back on their election commitment to renegotiate the bail out terms to get Pasok on board.

    What does this mean for Spain and the rest of the Eurozone? In a word nothing. Markets will rally a bit the Euro will enjoy a modest uptick but it will not last. The problems are too severe and the lack of decisive political action by EU leaders means the crisis will only continue to worsen.

    Unless fiscal and political union takes place and the debt burden shared by all Eurozone nations the situation can not improve or turn.

    As an anti-European of course I would like to see the whole thing collapse in a very large heap and nations return to their own currency and sovereignty control.

    As a realist, sadly I know it aint going to happen. So as I see it there is no other alternative but fiscal, political union and a federal EZ state. With the remaining EU members doing their own thing.

  • #109739
    Profile photo of angie
    angie
    Spectator

    Hooray, for the umpteenth time the Eurozone and the World are saved and so the clapped out bandwagon rolls on:lol:

    Patch it up? It’s all Greek to me ๐Ÿ™„

  • #109740
    Profile photo of katy
    katy
    Spectator

    Nothing changed then…Eurozone stocks down (except Germany) and Spanish bonds at 7%+…WHAT NEXT :mrgreen:

  • #109741
    Profile photo of logan
    logan
    Participant

    Financial markets like bookies inhabit the real world. Politicians and their advisers whom we put there live under the desk, only emerging for useless summits and meetings and then a photo op.
    I despair I really do. ๐Ÿ™

  • #109744
    Profile photo of angie
    angie
    Spectator

    Now the Greeks have to form a coalition ๐Ÿ™„

    However, New Democracy need Pasok the 3rd Party in terms of votes, and they’ve said they won’t form a coalition without Syriza who have said they won’t join a coalition, so could be interesting again ๐Ÿ™„

    Two headlines today:

    Greece saves the Eurozone (oh yeah) ๐Ÿ˜†

    Greece will still default at some stage ๐Ÿ™„

  • #109747
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    Sr Rajoy, poor soul, has said this “I am totally convinced that this strengthens the euro. The euro project is irreversible and we must continue to make progress on it.”

    Isn’t there a big summit of Euro leaders towards the end of June? assuming the Euro lasts that long..

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