What will become of the eurozone?

[Neil]

Yeah, I can't think of a way in which a fiscal union would come about that would be politically acceptable.  The Germans would be annoyed at having to pay for the profligacy of the crap parts of Europe, and there's no way that would put the EU apparatus in a position where the 80 million Germans dictated to 200 million assorted wastrels.

[Zanza]

  Sounds like the boy knows what he's talking about.

Not really, I change my guesses in this crisis frequently.

I'd be interested in hearing the case for Portugal's solvency.

Admittedly they may barely be solvent, but as a few more spending cuts will mean they get rid of their manageable primary budget deficit, they'll then just need favorable terms to refinance themselves (via the EFSF) and can then start lowering their debt to more manageable levels.

On a differnent note, I've already gone on record as saying I for the most part applaud Germany's handling of the situation so far, but IF I were feeling touchy about default and IF I were trying to pick a fight with a German I would mention Germany breaching the debt limits treaty (along with France).

It's mentioned a lot. As well as other parts of Germany's more distant history. Germany basically defaulted on its war debts after both wars and while it paid some reparations, those were probably lower than the damages it caused.

[Sheilbh]

On a differnent note, I've already gone on record as saying I for the most part applaud Germany's handling of the situation so far, but IF I were feeling touchy about default and IF I were trying to pick a fight with a German I would mention Germany breaching the debt limits treaty (along with France).

I think Germany's behaviour's done the impossible and made the Greeks sympathetic.

[Admiral Yi]

I think Germany's behaviour's done the impossible and made the Greeks sympathetic.

You were already sympathetic to the Greeks.  Who else?

[Sheilbh]

You were already sympathetic to the Greeks.  Who else?

Greece is (like Switzerland) the subject of a bias of mine, I can't stand bloody Greece.  I'd far rather the Turks in the EU and NATO alone and all the rest than the Greeks.  I acknowledge Mousaka as an Armenian dish and the kebab as a Middle Eastern invention stolen by the Greeks.  Give me the Hebrew parts of the Bible rather than the Alexandrian, philosophical nonsense.

The best thing the Greeks have given the world is sodomy.  Aside from that I'm not at all Hellenic

[Admiral Yi]

Sympathetic to the retard protesters, not the country per se.

[Zoupa]

Yeah. They're so retarded, those protesters.

[Razgovory]

Yeah. They're so retarded, those protesters.

I don't see how lighting cars on fire gets Greece out of debt any faster.

[garbon]

Worst case Eurozone survives w/France-Benelux-Germany-Finland.  Doesn't Austria have a tonne of East European debt?

I would think Italy and Spain would  be wanted to stay if at all possible.

The question is how Spain and Italy perform through the contagion which will come to bear.

In your scenario Belgium cannot stay ni the euro. It's not possible. If you tear up Belgium though then flanders can easily stay in the euro, but Wallonia... that's Greece in the North. Just a bad, just as broke

We're not really interested in your petty ethnic squabbles. I would have thought that was clear by now.

[DGuller]

Yeah. They're so retarded, those protesters.

I don't see how lighting cars on fire gets Greece out of debt any faster.

It stimulates the economy.

[jimmy olsen]

Voted for #4, "Some of the PIIGS will go bankrupt and leave the eurozone. Eurozone will move towards a fiscal union."

I'm not an expert though, so what do I know?

[Martinus]

Yeah. They're so retarded, those protesters.

I don't see how lighting cars on fire gets Greece out of debt any faster.

Insurance scam.

[Razgovory]

It stimulates the economy.

Broken window fallacy.

[Crazy_Ivan80]

Worst case Eurozone survives w/France-Benelux-Germany-Finland.  Doesn't Austria have a tonne of East European debt?

I would think Italy and Spain would  be wanted to stay if at all possible.

The question is how Spain and Italy perform through the contagion which will come to bear.

In your scenario Belgium cannot stay ni the euro. It's not possible. If you tear up Belgium though then flanders can easily stay in the euro, but Wallonia... that's Greece in the North. Just a bad, just as broke

We're not really interested in your petty ethnic squabbles. I would have thought that was clear by now.

you will be when the economy blows up. Not that your opinion was asked for.

[Darth Wagtaros]

It stimulates the economy.

Broken window fallacy.

Incorrect.