Guest Posted June 27, 2015 Report Share Posted June 27, 2015 It's not like they can reposses Greece is it ... Greece has to make a €1.5bn ($1.7bn; £1.06bn) IMF debt repayment on 30 June http://www.bbc.com/n...europe-33296839 " Greece has refused to accept cuts to pension payments or public sector wages. The IMF is pushing for deeper spending cuts, not just more tax rises. A key point of friction is a special benefit paid to some low-income pensioners, which creditors want scrapped. Creditors also want a wider VAT base; Greece says it will not allow extra VAT on medicines or electricity bills, and has also resisted calls for VAT hikes on hotels and restaurants. Athens wants a concrete commitment to debt relief, something its creditors are not offering. " -------------------------------------------------------------------------------------------------------------------------------------------------------- Greece cannot go on under these harsh austerity measures imposed by the IMF, but what really would be the consequences of simply pulling out of the EU altogether, and defaulting on any further payments. Saying we just cannot pay very sorry, ripping up the Euro and reprinting and going back to their own currency again. They declare that the country is officially bankrupt, which it is effectively in any case and only offer what can be afforded, with a view take it or leave it. Sure they won't be able to borrow money again any time soon, but then going their own way for better or worse ... Money they have they use only for themselves to prop up their internal banking system and running of the country. Ok it's not going to be easy in the short term, but better than a life of servitude to bankers of the IMF piling interest upon interest. Cutting pension payments, and public sector wages, higher VAT on medicines and electric bills is not they answer, what they want is debt relief. The answer is to remove themselves from the EU Link to comment Share on other sites More sharing options...
bust Posted June 27, 2015 Report Share Posted June 27, 2015 Link to comment Share on other sites More sharing options...
Flashermac Posted June 27, 2015 Report Share Posted June 27, 2015 Link to comment Share on other sites More sharing options...
pasathai1 Posted June 27, 2015 Report Share Posted June 27, 2015 can't put out a grease fire by throwing water on it ( in this case money) Link to comment Share on other sites More sharing options...
baa99 Posted June 28, 2015 Report Share Posted June 28, 2015 Link to comment Share on other sites More sharing options...
Flashermac Posted June 28, 2015 Report Share Posted June 28, 2015 They've already packed up their marbles and moved them. Link to comment Share on other sites More sharing options...
Dexi Posted June 28, 2015 Report Share Posted June 28, 2015 Some would say they have " Lost their marbles " Link to comment Share on other sites More sharing options...
pasathai1 Posted June 28, 2015 Report Share Posted June 28, 2015 Some would say they have " Lost their marbles " on in hock up to their marbles Link to comment Share on other sites More sharing options...
baa99 Posted June 28, 2015 Report Share Posted June 28, 2015 The other shoe drops. Link to comment Share on other sites More sharing options...
pasathai1 Posted June 29, 2015 Report Share Posted June 29, 2015 the money presses are working over time. time to go back to the barter system ? Link to comment Share on other sites More sharing options...
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