Quizzes & Puzzles0 min ago
Greece
The Greeks want the rest of the EU to keep them what a big Greek cheek
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For more on marking an answer as the "Best Answer", please visit our FAQ.I don't think Tsipras cares Ich. As I see it Greece have the upper hand. The EU are asking them for a plan but have no option but to bail them out if they don't come up with one as the EU is in danger of collapsing like a house of cards and share prices tumbling compared to the ROTW if they chuck them out.
Turkey and Greece are miles apart economically.
Turkey's is one of the top 20 economies in the world and is better than more than 20 existing EU member states. Its GDP is about 4 times that of Greece.
The main reason for barring Turkey's EU membership (other than the Greeks object to it) are more political than economic. France who share most of the power with Germany are against it purely because Turkey is a Muslim country.
If Turkey had been admitted instead of Greece, the EU and the €uro woyld not be in its present mess.
Turkey's is one of the top 20 economies in the world and is better than more than 20 existing EU member states. Its GDP is about 4 times that of Greece.
The main reason for barring Turkey's EU membership (other than the Greeks object to it) are more political than economic. France who share most of the power with Germany are against it purely because Turkey is a Muslim country.
If Turkey had been admitted instead of Greece, the EU and the €uro woyld not be in its present mess.
"..EU is in danger of collapsing like a house of cards and share prices tumbling compared to the ROTW if they chuck them out."
It may not be the only 'House of Cards' that is endangered:
Global GDP: $72 trillion
$555 trillion in currency and interest swaps for which the collateral is $100 trillion in bonds
the paper(derivative) value of gold is worth 100 times the value of the actual physical gold humans possess.
Here is a two year old estimate from the Bank of International Settlements - 'the Bank for central banks' - where to word 'trillion' is commonplace:
http:// www.goo gle.co. uk/url? sa=t&am p;rct=j &q= &es rc=s&am p;sourc e=web&a mp;cd=4 &ca d=rja&a mp;uact =8& ved=0CD sQFjAD& amp;url =http%3 A%2F%2F www.bis .org%2F publ%2F otc_hy1 311.pdf &ei =ZpacVb -3EYW6- AHV2oS4 Bg& usg=AFQ jCNFvb0 jIz1a_x baMjDHQ ZozooHh vuQ& ;bvm=bv .969529 80,d.cW w
It may not be the only 'House of Cards' that is endangered:
Global GDP: $72 trillion
$555 trillion in currency and interest swaps for which the collateral is $100 trillion in bonds
the paper(derivative) value of gold is worth 100 times the value of the actual physical gold humans possess.
Here is a two year old estimate from the Bank of International Settlements - 'the Bank for central banks' - where to word 'trillion' is commonplace:
http://
I think the EU and it's agencies would be happy to pull the plug on Greece - and then possibly give some form of humanitarian aid, but the problem is (as always) the US putting enormous pressure on Merkel to keep them in at all costs as part of it's continuing artificial contest founded in paranoia with Putin.