ECB and Inflation

[Crazy_Ivan80]

To prevent this catastrophe that everyone is predicting?

the greater catastrophe would be enabling the Greeks to continue with their faulty behaviour while we pay for it, while signalling to other communist-types that it's a valid recipe to follow in places like Spain or Portugal. Better one crisis now, then crisis without end.

[The Brain]

They tried appeasement in the movies and it didn't work.

[Admiral Yi]

Also Greece has issued capital controls as well.

Please elaborate.  Frozen bank accounts?

[jimmy olsen]

So...Greece is definitely going bankrupt, and is probably going to leave. What now for the Euro?

[Martinus]

So...Greece is definitely going bankrupt, and is probably going to leave. What now for the Euro?

Has some new development happen during the last hour or so that makes you think so?

[jimmy olsen]

Junker's terrible speech is going to go over like a lead balloon with the Greeks and I expect them to vote No.

[Razgovory]

To prevent this catastrophe that everyone is predicting?

the greater catastrophe would be enabling the Greeks to continue with their faulty behaviour while we pay for it, while signalling to other communist-types that it's a valid recipe to follow in places like Spain or Portugal. Better one crisis now, then crisis without end.

But what I suggested prevents that.  Pay the debt, send them out of the Eurozone.  You seem dead set on impoverishing yourselves to get back at Greeks.  That's absurd behavior.

[Valmy]

Greece has a pretty tiny economy. How does whatever happen in Greece impoverish Belgium?

This will be an error the Greeks will long regret I think. Being part of Euroland was one of few things they had going for them.

[Admiral Yi]

Belgium has its own debt problem.  Wouldn't take all that much to bankrupt Belgium.

[Crazy_Ivan80]

To prevent this catastrophe that everyone is predicting?

the greater catastrophe would be enabling the Greeks to continue with their faulty behaviour while we pay for it, while signalling to other communist-types that it's a valid recipe to follow in places like Spain or Portugal. Better one crisis now, then crisis without end.

But what I suggested prevents that.  Pay the debt, send them out of the Eurozone.  You seem dead set on impoverishing yourselves to get back at Greeks.  That's absurd behavior.

we've already payed, the costs are sunk. Paying some more is what is absurd and impoverishes us. It doesn't work cause it takes away incentive to reform. As we've seen in nearly 60 years of non-reform presided over by the PS in the south of Belgium. Countless billions wasted.

[Valmy]

As we've seen in nearly 60 years of non-reform presided over by the PS in the south of Belgium.

Good thing MR is in charge now

[Crazy_Ivan80]

As we've seen in nearly 60 years of non-reform presided over by the PS in the south of Belgium.

Good thing MR is in charge now

PS still rules in Wallonia and Brussel. It's still uncertain wether or not the MR-gambit will pay of for them.

[Zanza]

Greek government will resign if they lose referendum, i.e. If voters vote pro deal.

[The Minsky Moment]

To prevent this catastrophe that everyone is predicting?

the greater catastrophe would be enabling the Greeks to continue with their faulty behaviour while we pay for it, while signalling to other communist-types that it's a valid recipe to follow in places like Spain or Portugal. Better one crisis now, then crisis without end.

Even if Greece was bailed out with rainbows and lollipops, no one in their right mind would think that going through their experience would be desirable. 

No Eurozone underwent as much austerity as Greece.  So what's the message that gets sent when doing that ends in rejection and failure?

[Admiral Yi]

No Eurozone underwent as much austerity as Greece.  So what's the message that gets sent when doing that ends in rejection and failure?

When you start with a 19% deficit and 130% debt, none of your options are going to be fun.