I am honestly trying to make up my mind. The latest news from Europe is NOT good as the E.U. and ECB have both admitted that there are "difficulties" in implementing reforms in Greece. To me, that is "diplo-speak" for Greece saying "go fuck yourselves " ; "we don't wanna" etc.
I have long thought that the ONLY sensible course is for Greece to leave the E. U. and bring back the drachma. Almost every other report from Europe documents the tremendous tensions between Northern and Southern Europe in general and Greece and Germany in particular. It seems to me that these tensions are being aggravated by efforts to hold the E.U. together ( more and more with duct tape lol ). The very means of bailing out Greece and keeping it in the E.U. seem to be doing nothing more than increasing resentments.
As much as I can't stand the little asswipe, "Krugie" is partially correct that A way out of the current mess is more money printing by the ECB. This is anathema for the Germans and other relatively solvent E.U. members aren't crazy about it either. While the Greeks are busy blaming the "haves" for their mostly self-inflicted wounds, the "haves" are just as busy assigning too much blame to Greece. I'm sorry but there are only what , 10 million Greeks ? Their economy and even their debt is puny compared to a lot of other European countries.
So I am throwing out the question : What is most likely to happen with Greece ? Not as a poll but more as a survey. I would appreciate responses with the underlying reasoning included e.g. " Greece will accept the austerity and stay in the E.U. because .... " ; "Greece will be kicked out because " ; " they will leave voluntarily because ".
I am serious. Obviously I do not have all the answers and what will happen matters to all of us. Europe is a major market for the U.S. , Canada, Australia etc.
So what do my fellow Dollar Denners think ?



Reply With Quote


Bookmarks