Greece says no to Euro

[mantra]

I think Greece is taking the right path. Even if they don't want austerity foisted on them by the EU, they're going to experience it anyway, but at least on their own terms. Maybe they can build up the country again in their own way using their own currency and taking back control of their economy. When we share currency with other nations - it's a gamble. If larger nations stuff up - then we pay for their mistakes.

Though it became gospel around the globe, euro-enthusiasm was always misguided. The crisis currently facing Greece shouldn't come as a surprise, writes Matthew Dal Santo.

Has a Greek default begun? Or is this just the European Central Bank's way of affording the country's feckless inhabitants a foretaste of what it would be like?

It's too early to say. Either way, it's clear that what has failed here is not the negotiations; it's the euro itself. Put to the test, its entire foundation has been found wanting.

The worst of it is that all this - the acrimony between Brussels, Berlin and Athens; the misery induced across Greece by depression-era levels of unemployment - was not just entirely predictable but actually predicted.

http://www.abc.net.au/news/2015-06-30/d ... le/6582546

[ted]

The lefties will blame Abbott

[Neferti]

Greece is BROKE.

I wonder whether all the Greek-Australians who went back there to retire on an Aussie Age Pension will suddenly want to come back here?

Lisa Jones might have a clue.

[Bart]

Greece is BROKE.

I wonder whether all the Greek-Australians who went back there to retire on an Aussie Age Pension will suddenly want to come back here?

Lisa Jones might have a clue.

And this effects Melbourne as they have the largest city of Greeks outside of Greece
With the Vic Andrews govt putting Vic more and more into debt then guess the Melbourne Greeks will feel even more at home!

[IQS.RLOW]

I think Greece is taking the right path.

Because paying your debts is too hard, or the country is so full of shitty self entitled left wing lazy fucks who think that retiring at 50 on a full pension is sustainable?

[mantra]

I think Greece is taking the right path.

Because paying your debts is too hard, or the country is so full of shitty self entitled left wing lazy fucks who think that retiring at 50 on a full pension is sustainable?

So why did the Eurogroup demand that poor and indebted countries like Greece, Spain and Italy become part of the Eurozone? They expected a good return on their investment, but it's backfired. The euro made the wealthy countries wealthier, but stuffed up the poorer nations who might have been able to survive eventually without their help. They've gone from bad to worse and even though the economies of the richer nations will be hurt, the pain as well as the wealth has to be spread. Maybe we all need to get back to basics and stop signing up to these global conglomerates and their money making schemes.

As an example only although on a smaller scale - look at the international carbon trading scheme. It has been tried before and has failed abysmally. It creates a commodity out of nothing and puts it on the stock market. Abbott doesn't want to be part of this and this is a tick in his favour. Previous leaders haven't had the guts to say no to it. On the other hand - I think the carbon tax was a good thing. It helped us become watchful over the power we used and created government revenue. Now that it's been revoked, energy suppliers have increased their charges - so our bills remain the same and the extra profits go to them instead.

[S m i t h ' s J o h n]

Where to now for Greece?

And it was only in 2004 that they hosted the Olympics

http://www.news.com.au/sport/more-sport ... 7024073167" onclick="window.open(this.href);return false;

Sad situation

[AiA in Atlanta]

Those European politicians who wanted Greece in the Eurozone and now out of office. They knew what would happen and they knew when it did they would be long gone enjoying a very comfortable retirement.

The Greeks were notoriously bad at pay taxes ... an entire culture dedicated to not paying what they owe. This was no secret.