Greece faces "the spectre of bankruptcy" (again)

Enki

The Greeks, they say No.  This time anyway, they have EU by the danglies and beginning to twist, wait until they squeeze, its going to hurt, get your monies under bed.

pragmatic

Its funny that the media keep claiming that Greece have no cards, they've got a massive IOU and if they burn it they'll be burning their creditors inc Germany along the way.

Doesn't seem that weak, especially with the idea being floated that Greece will go to China or Russia for safety/money and essentially not only snub the EU but get into bed with the competition/enemy if the EU doesn't ease back a bit.

Philly112

They will agree a deal. The Greek government can't do anything else. We actually don't have too much exposure to their debt if it all goes belly up. Of course if Greece leaves the EU and goes into bed with Russia, then all bets are off. But I would be very surprised.

Enki

All the above, also how EU behaves towards Greece, Putin with Ukraine in mind, is watching the EU and Greece very carefully. He is hoping for Eu the break up.  Always knew playing Risk would come in handy!

I agree, the Greeks will deal, just a few deadlines away at silly O'clock. The cost of the deal, who knows.

Sonic67

Contains f word:

The Mash guide to the Eurozone crisis

QuestShield

Yeah not quite happy with this considering Ireland has left the bailout process and is the fastest growing economy in the Eurozone.

Pretty ignorant actually for something dated 11 Feb 2015.

pragmatic

Highest in the EU, near 8%, that's china territory, although it was from a pretty low point.  How they surpassed their pre-crash GDP yet?

IronGiant

Why?  not that I have any

QuestShield

Don't think it's that high I think it's around 3.5% now isn't it? Believe it was over 8% pre-crash.

pragmatic

That was 2014, they are hoping for a consistent 3-4% going forward.
Ireland's economy fastest growing in European Union | World news | The Guardian