Yanis Varoufakis Is In Complete Denial

[mikey4444]

http://www.bbc.co.uk/news/world-europe-33370592

This man is in complete denial. He really does think that somebody is going to come along and wave a magic wand and scatter fairy dust all over Greece, and everything will be OK again. This man is the Finance Minister for goodness sake !

[ichkeria]

He is a very scary bloke.

[Peter Pedant]

He is banking ( ha!) on the idea that the Germans and other 17 will not allow the euro to fall apart and so they will bail out Greece again. Priddy impressive sense of entitlement.

Merkel ( ex nuclear chemist ) has referred to the negotiators as 'clowns' and you know she gotta point.

The Greeks voted against debt - so why do they still have it ?

[EDDIE51]

Despite the worry I just can't see that keeping Greece in the Euro is going be better than letting them go back to the Drachma . If they stay in the Euro the bailouts will never end, surely it is better to let them go? 50 Billion Euro to stabilize the economy and zero growth ?

[Peter Pedant]

well presciently Mikey may have got it

IMF has come out today and said the debt must be written off - just what Varoufakis said. Smiler Tsipras is in ecstasy they say.

The economic model for the creditors by the way is " Lose now or lose later "

[youngmafbog]

There comes a time when creditors either write the debts off or send the Boys round.

I cant really see Merkel firing up the Panzers, well not just yet, so debt write off is the only way forward.

They need to come out of the Euro, a country of only 11 million with a basket case economy cannot be tied to the likes of Germany. I dont think they need to come out of Europe though, unless Merkle wants to punish them.

[VHG]

It does seem to me the Greeks (some of them) continue to stick their head in the sand and don't seem to realise the mess they are in.

They seem to think the rest of the world should keep bailing them out while the rich Greeks brag about not paying taxes, or the country lets people retire on a pension after only 15 years work.

The posters going up around Greece saying the German finance minister has been "bleeding them dry" for 5 years shows the Greeks are not willing to take responsibility for their own financial problems.

When Greece were allowed in the Euro all those years ago the rest of Europe knew that Greece did not meet the financial targets and they should have made Greece reform their finances THEN rather than trying to do it now (and even now the Greeks don't seem to want to do it).

The world does NOT owe Greece a living.

[Zacs-Master]

Sadly, I think writing the debts off is the only way out for the EU. To cut Greece adrift sends a message to the rest of the world that the EU isn't working and European share prices will fall sharply.

[VHG]

>>>Sadly, I think writing the debts off is the only way out for the EU.

So we in the rest of the EU pay our taxes, pay our VAT, and work till we are in our 60s or even 70s.

While Greece avoids paying their taxes, avoids paying their VAT, lets people retire on a pension after a few years work (AND then they continue to work in the "black" economy) and they gets their debts written off.

Sounds unfair to me.

[Zacs-Master]

It is that's why I said 'sadly'. What's your answer?

[bazwillrun]

you owe the bank £10 make it their problem....if they owe you £10 make it your problem.....

the best thing for the bubbles is to get out of this mad eussr lunacy.....and quick