ECB and Inflation

[Archy]

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

I wonder what would happen if Greece votes yes and if Syriza would win the election after the referendum. 

[derspiess]

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.

Boom.

[crazy canuck]

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.

Sure, but presumably the grownups in the room can choose the wisest path without worrying about punishing the Greeks sufficiently.

[The Brain]

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?

Greeks aren't in their right minds. That's why there's a problem in the first place.

[Legbiter]

Isn't Sheilbn comfy on a beach there right now? Hope he brought enough cash with him.

[Monoriu]

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?

Yet there is an increasing appetite for anti-austerity parties like Podemos?

[HisMajestyBOB]

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.

Actually, being in the Eurozone is one of the reasons this has become such an economic disaster. It took away the monetary controls that are often used to help these situations. Greece probably shouldn't have been let into the Eurozone in the first place.

[Razgovory]

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.

I was under the impression that defaulting on the Euro would result in pain across the Eurozone.

[Monoriu]

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.

Actually, being in the Eurozone is one of the reasons this has become such an economic disaster. It took away the monetary controls that are often used to help these situations. Greece probably shouldn't have been let into the Eurozone in the first place.

And they probably should not have cooked their books. 

[Razgovory]

Well, you have to admire that the European adhering to the spirit of '15.  1915.

[Monoriu]

I fear the greatest danger is that Greece leaves the Euro, and do relatively well after a few years.  In that case there'll be a lot of incentive for others to follow instead of choosing the austerity path, eventually breaking up the common currency. 

[The Brain]

I fear the greatest danger is that Greece leaves the Euro, and do relatively well after a few years.  In that case there'll be a lot of incentive for others to follow instead of choosing the austerity path, eventually breaking up the common currency.

Oh no.

[Crazy_Ivan80]

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

Greece apparently has 60 billion of uncollected taxes to collect. So what's the message that gets sent when you come leeching of other people's money and then calling them names when you don't get your way when you still have lots of taxes to collect but refuse to do so?

[Crazy_Ivan80]

I fear the greatest danger is that Greece leaves the Euro, and do relatively well after a few years.  In that case there'll be a lot of incentive for others to follow instead of choosing the austerity path, eventually breaking up the common currency.

for the greeks to well they'll have to reform their entire state-apparatus. It's unlikely to happen. Didn't happen after the last 5 times they went bankrupt.

[celedhring]

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.

I was under the impression that defaulting on the Euro would result in pain across the Eurozone.

It's a matter of expectations. If Greece can go, then much bigger countries like Spain or Italy suddenly don't look as safe as they did. Money is cowardly.

Our cabinet members are currently uttering the sentence "We are not Greece" approximately every 30 seconds.