« Last post by magpie seanie on Today at 02:33:47 PM »
Not so sure about that, they will have alienated the EU which has to be a huge chuck of trading partners.If the vote is YES the Tsipiras and his party are gone. It is not yet certain that the IMF/EU are willing to wait on a vote so it might be too little to late.
If the vote is NO, Tsipiras and co will have been right. But they will be out of the Euro probably.
High stakes stuff.
Yes and while that will mean pain in the short term I think we'll be fighting with each other in queues to book our holidays in Greece next year. They will rocket back to growth pretty quickly (supported by Vladimir of course). Which will make the EU and especially our w**ker politicians look extremely bad.
The money always goes to where the returns are. The tourists will go there as it will be the best value and US money will chase the post collapse 5-10% growth.
But if your wealth falls by 40-80%, it takes many years at 5-10% growth to recover.
Greece has no economy and no industry bar tourism. They need to be built up from the bottom. This is the best route, in fact the only route with an prospect of success, for them and they'll be supported by Russia if the EU are stupid enough to let that happen.
Also - this mirage of an Irish recovery is complete horseshit. My bank is still grossly overcharging me for my mortgage, the government is raping my pay packet (PAYE to run the country, USC to pay off loan interest), the government is charging me for the privilege of living in my own home that I'm paying an overinflated mortgage to a zombie bank for, the government is attempting to charge me a third time for my water supply and they will then privatise this. We will be throw a few scraps to pacify us for the election but what has really changed? We're building houses again!!!!! That went well the last time.
People would need to wake up.