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Best Posts in Thread: The start of the end of the EU!

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  1. Hans Boot

    Hans Boot DI Member Restricted Account

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    There's much more at stake than a 'simple' loss of support funds, however painful that might be. If Greece would bail out of the Euro and subsequently out of the Eurozone, the door to partnering up with his (already) big pal Putin would be the next episode in this drama. That scenario is not what 'friend' Obama appreciates as it would make a farce of NATO because the Russkies would get a free naval base (at minimum) in the Mediterranean. Apart from all this geopolitical nonsense, most 'leaders' of European countries will have their hands full keeping their own population to stay meek as a flock of sheep and not want to follow the Greek example.
     
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    Hans Boot, Jul 8, 2015
    #35
  2. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    Never has there been a pull out of the EU yet, it's more serious than people think! Merkel as i see it is a modern day hitler and needs to be dealt with, Germany pretty much controls the EU and needs to be stopped before it gets out of hand. We survived before before the EU and imf so we can manage again.
    The EU are so scared about the Greece issue and really want them to stay in and I think they will do what they can to sort it out.
     
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    DavyL200, Jul 8, 2015
    #34
  3. Hans Boot

    Hans Boot DI Member Restricted Account

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    The urge to depart from the EU and the EURO is not limited to the UK only: A recent poll showed that 60+% of the Dutch want a Nexit (about the same % as NO voters in Greece) as soon as possible. Actually, there was a referendum before the EURO was introduced and the result was that the Dutch did not want the single currency. As usual, the results of that referendum were cast aside by those in power as it didn't fit their picture...
     
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    Hans Boot, Jul 8, 2015
    #33
  4. midway

    midway DI Member Veteran Navy

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    The problem with Greece at the moment though is that they have brought down financial markets all over the world. Anyone who was planning on retiring last week and locking in their retirement accounts where there were lost money, the DOW index dropped 2% in a response to the events in Greece although it did rebound slightly. If a person has no money invested this is no big deal. If a person has a significant portion of their life, or retirement savings in funds which are tied to the stock markets that can be a significant amount.

    I am one of the people that play fast and loose with retirement savings and have the majority of my money in small cap funds which bear the brunt of the losses. Thats what I get for feeling large risk large reward is worth it.
     
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    midway, Jul 5, 2015
    #23
  5. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    This was the reason of the Means Test, there were 5 major test to qualify to ensure each Country had the means to be a member, Greece scraped through by the narrowest of Margins. They were Given so many years to come up to scratch, they haven't so this is the end result. Those that took a bail out from the bank have now repaid and seem to have settled in again. Greece were to my Opinion always going to be a loose cannon but as with many Things Brussels ruled and took on a bankrupt Country with a view to them getting it right in the end, now we see that they didn't and can't, so take to the People. In the End looking at all this I think there is every chance the EU will fold eventually

    The UK did not with 2 or 3 others, ever go with the Eurozone Brigade and as we see from the exchange rate, a right Decision was made. The Anti Shengen move also proved Successful. Although it has been a pain now as it is greatly affecting our Wives from obtaining a UK Visa.


    JP :pompus:
     
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    Jack Peterson, Jul 1, 2015
    #11
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