Merkel recommends Greece hold referendum on Euro membership

funk-you

Who can say they didn't see this coming. Should be an interesting few months.

-Funk

Biggins

There will be no re-vote.

Well maybe there will...

No... there won't!

Nothingbetter2d

can we have one too?

Mr Benevolent

funk-you wrote: »

Who can say they didn't see this coming. Should be an interesting few months.

-Funk

They'll vote themselves out and we'll still have to pick up the tab. Anyway, they're small fry (as are we). Italy and Spain will go pop in the next few years, the EFSF doesn't have nearly enough in the wallet to bail them out. That'll be fun.

Biggins

Confab wrote: »

...Anyway, they're small fry...

Germany and France still have 70 & 40 billion (approx') invested in the country though.

suicide_circus

Nothingbetter2d wrote: »

can we have one too?

No. Now shut up, sit in the courner and eat your austerity
like a good little European.

funk-you

LINK

German leader Angela Merkel has suggested that Greece could hold a referendum on continued use of the euro when it votes in national elections next month, Greek officials say.

A Greek government spokesman said Chancellor Merkel had come up with the proposal during a phone call with the Greek president on Friday.

The news broke as US and French leaders held talks in Washington focusing on the economy.

The meeting came ahead of a G8 summit.

After meeting new President Francois Hollande, President Barack Obama said the situation in the eurozone was of great importance to the people of Europe and the whole world.

He said he looked forward to "fruitful" discussions with other G8 leaders, with a strong focus on economic growth.

The two met for the first time ahead of the G8 summit.

Mr Hollande, who was elected president last weekend, is also due to have talks with British Prime Minister David Cameron shortly.

The crisis in the eurozone is expected to dominate talks at the US president's Camp David retreat.

Leaders will later move on to Chicago for a Nato summit that will focus on managing the alliance's gradual exit from Afghanistan.

The Radiator

hahah

Biggins

suicide_circus wrote: »

No. Now shut up, sit in the courner and eat your austerity
like a good little European.

...Lickle Enda goes to corner...

Rabidlamb

Our finance minister has already told us this will only affect feta cheese prices & availability.
Don't sweat it.

opinion guy

As long as garlic are still secretely apples that will be ok :rolleyes:

mikom

funk-you wrote: »

Merkel recommends Greece hold referendum on Euro membership

The fuhrer has spoken.....

SafeSurfer

This just a few months after she effectively vetoed the democratically elected Greek government's plan to hold such a referendum.

Thrill

Sky News Newsdesk ‏@SkyNewsBreak
German government spokesman denies Angela Merkel has suggested a referendum on Greece staying in the EU

Caliden

Get them out, they're ruining the party

Phill Ewinn

they'll ditch the euro and call the new currency ioeu.

plasmaguy

They are ruined if they stay in and they are ruined if they stay out, well in the short term anyways.

I think they'd be better getting out, instead of having a will they won't they scenario for years to come.

I don't think they bring much positives to the EU to be honest. When a people stop paying their tax, national bankrupcy becomes inevitable. And I don't see them paying their tax when they are out of the EU, if anything it will be worse.

KINGVictor

The sheer arrogance and pomposity of Dr. Merkel. She and her cohorts are just losing the plot and her actions typifies the amount of desperation they are in.

If this is an indication of the politically unified EU, then its a scary ambition especially for the smaller countries.

KINGVictor

plasmaguy wrote: »

They are ruined if they stay in and they are ruined if they stay out, well in the short term anyways.

I think they'd be better getting out, instead of having a will they won't they scenario for years to come.

I don't think they bring much positives to the EU to be honest. When a people stop paying their tax, national bankrupcy becomes inevitable.

I agree with your summation to some extent; especially the bolded part, but if and when they ( Greece) leaves the eurozone, then it will be the end of the monetary union as we know it. Once the Greeks go, the markets will exterminate all non-performing countries from the Euro and in the long run, the German electorate will put a halt to the project.

The best case scenerio will be the core Eurozone MS i.e Germany, Netherlands, France, Finland, Austria and probably Belgium sticking to the Euro.

Now that will be a catastrophic prospect for Ireland so before we all get caught in the whole drama, we should be careful what we wish for. The Greeks go and all peripheral countries accompany them.

fianna saor

Confab wrote: »

They'll vote themselves out and we'll still have to pick up the tab. Anyway, they're small fry (as are we). Italy and Spain will go pop in the next few years, the EFSF doesn't have nearly enough in the wallet to bail them out. That'll be fun.

dont think anyone looks overly secure at the moment

ejmaztec

Time to get the old Panzers out of mothballs and do a European road-trip.

fianna saor

ejmaztec wrote: »

Time to get the old Panzers out of mothballs and do a European road-trip.

if your using old panzers are we stuck with hurleys and pikes?

plasmaguy

I think the EU is a bit like the Titanic, breached below the waterline, but you still have the captain(germans) on the bridge saying everything is fine, nothing to worry about, no need for lifeboats. Meanwhile giving secret orders to prepare to abandon ship.

Sometimes you don't know if the Greeks will be the lucky ones to get out of the EU first or not.