A spectre is haunting Europe ...

[Loren Pechtel]

Yeah, they were voted out for not being able to borrow as much as the people wanted. The people still haven't learned their lesson, until they do the situation is only going to get worse.

Only so long as there are willing lenders.

The situation is going to get worse lenders or no--if they can't borrow they'll use the printing press.

 

[ksen]

Greece can't print Euros.

 

[dismal]

Greece can't print Euros.

Not exactly true as I understand it, but they are restricted in how many they can print.

For those who were advocating ignoring agreements maybe printing away is the answer.

 

[T.G.G. Moogly]

Greece can't print Euros.

Not exactly true as I understand it, but they are restricted in how many they can print.

For those who were advocating ignoring agreements maybe printing away is the answer.

An interesting twist. Yes, they can print a limited number of notes but then run out of supplies and/or the EU cancels the authenticity of any notes they print. They'll have value but not as much as a euro. It certainly is not a long term solution and causes problems for everyone involved.

 

[ksen]

Greece can't print Euros.

Not exactly true as I understand it, but they are restricted in how many they can print.

I didn't know that.

 

[lpetrich]

Are they going to leave the EU, or be thrown out? Most think both sides will play brinkmanship and cut a deal at the last minute, as they've done before. Most Greeks want to remain in the EU.

The EU != the Eurozone, the nations that use the Euro. So Greece may leave the Eurozone (Grexit), while remaining in the EU.

 

[Horatio Parker]

Are they going to leave the EU, or be thrown out? Most think both sides will play brinkmanship and cut a deal at the last minute, as they've done before. Most Greeks want to remain in the EU.

The EU != the Eurozone, the nations that use the Euro. So Greece may leave the Eurozone (Grexit), while remaining in the EU.

Right. I stand corrected.

 

[Loren Pechtel]

Not exactly true as I understand it, but they are restricted in how many they can print.

For those who were advocating ignoring agreements maybe printing away is the answer.

An interesting twist. Yes, they can print a limited number of notes but then run out of supplies and/or the EU cancels the authenticity of any notes they print. They'll have value but not as much as a euro. It certainly is not a long term solution and causes problems for everyone involved.

Think they'll stop just because of the rules????

 

[lpetrich]

There are actually some EU countries not in the  Eurozone: the UK, Denmark, Sweden, Poland, the Czech Republic, Croatia, Hungary, Romania, Bulgaria. So Greece could join them again.

 

[ksen]

An interesting twist. Yes, they can print a limited number of notes but then run out of supplies and/or the EU cancels the authenticity of any notes they print. They'll have value but not as much as a euro. It certainly is not a long term solution and causes problems for everyone involved.

Think they'll stop just because of the rules????

Think they'll stop what? Are they currently printing euros?

 

[Loren Pechtel]

Think they'll stop just because of the rules????

Think they'll stop what? Are they currently printing euros?

According to some admittedly questionable sources, yes.

 

[Jason Harvestdancer]

I do?

Not under the ordinary understanding of the term Mercantilism.

Considering that it isn't the 19th Century, and that neither Greece nor Germany are Britain, then of course the use of the term "mercantilism" was incorrect. Strongly comparable policies must never be referred to by that term considering that those two features cannot be repeated.

What have you got against personal responsibility that makes you want to accuse people of being against society?

I'm just trying to match your level of incoherence.

Or perhaps you should elevate your reading level to the point where my initial quesiton becomes clearer.

It's lookin' like Greece has spawned some fans!!!​

While I agree with your sentiments and I find your posts valuable and informative, epilepsy runs in my family and I feel like I'm going to spazz out and start flopping around on the floor while reading your formatting.

At the amateur level of political discussion, any criticism means you are on the opposing team. Congratulations, by criticizing his font choice you just became a Republican.

They think they can still find lenders.

Or they'll use the printing press.

Yes, that's actually the point. They think they can find lenders, and if you point out that lenders might be skeptical you are accused of wanting to cut Greece loose.