Active discussions

Help protect children from gaming harms.

Take our survey

Please or to access all these features

Talk
Politics

See all MNHQ comments on this thread

Original poster

France and Greece Election results!

554 replies

LadyWithEDS · 07/05/2012 02:04

So, what do you think it means for Europe?

OP posts:
flatpackhamster · 17/05/2012 10:26

Betelguese

I know what they're saying in public. It doesn't matter what they say. Greece has to leave, as do Portugal and Spain. There isn't enough money in the productive part of the Eurozone to save the unproductive part. Italy may have to go, too.

Sorry, but it is inevitable. By this time next year the Greeks will be on the Drachma.

On the plus side, in five years' time your economy will be booming. The Euro is a millstone around Greece's neck.

MoreBeta · 17/05/2012 10:07

There have been large withdrawals of cash form Bankia, a Spanish bank that got into difficulties last week, and ongoing withdrawals from Greek banks. Indeed, as of yesterday, there are 4 Greek banks that the ECB is now refusing to lend money to. The threat of widespread runs on banks is growing in the Eurozone.

Betelguese · 17/05/2012 09:48

This reply has been deleted

Message withdrawn at poster's request.

Betelguese · 17/05/2012 09:46

This reply has been deleted

Message withdrawn at poster's request.

ASillyPhaseIAmGoingThrough · 16/05/2012 23:33

www.dailymail.co.uk/news/article-2145139/Eurozone-debt-crisis-Fears-panic-investors-pull-1-4billion-euro-days.html Cameron is changing his plans for tomorrow, he was planning on speaking about "The family" he is now going to speak about Europe.

ASillyPhaseIAmGoingThrough · 16/05/2012 12:37

www.bbc.co.uk/news/uk-politics-18088918

minimathsmouse · 16/05/2012 12:17

Thank you meditrina.

meditrina · 16/05/2012 12:17

Link fail (forgot to close brackets): it should be like this

Here's a link to the direct.gov page on the savings guarantee. The ceiling is huge £85k. The UK retail bit of Santander is covered.

meditrina · 16/05/2012 12:15

[[http://www.direct.gov.uk/en/Nl1/Newsroom/DG_193322 Here's a link to th direct.gov page on the savings guarantee. The ceiling is huge £85k. The UK retail bit of Santander is covered.

minimathsmouse · 16/05/2012 12:13

The Santander guy would neither say that it was safe or not. It's a subsidiary so should be fine but he didn't seem very confident Hmm

ASillyPhaseIAmGoingThrough · 16/05/2012 12:07

I thought the government gave guarantees on savings for situations like santander, the kids have a little saved with them, do you think it is worth taking the money out?

ASillyPhaseIAmGoingThrough · 16/05/2012 12:04

I am in England, no harm in having a few hundred in cash lying around at times like these, when the talk is as it is Wink.

minimathsmouse · 16/05/2012 12:01

Asilly, are you in Greece?

minimathsmouse · 16/05/2012 11:59

Just been looking at this. It seems to update.

www.telegraph.co.uk/finance/debt-crisis-live/9268748/Debt-crisis-live.html

The spanish stock markets taking a dive. On R4 yesterday they were interviewing santander uk banking boss. Wondering if I should close santander acc, haven't checked share prices, I'm guessing they are worth diddly!

ASillyPhaseIAmGoingThrough · 16/05/2012 11:58

Well I for one will be getting some cash out of the cash machine today, it worried me when he told the banks to hold on to their capital and not even give it to their shareholders.

flatpackhamster · 16/05/2012 11:50

Unusually for Merve the Swerve, he's right. The collapse of the Eurozone will limit people's willingness to invest. Nobody will risk their money at the moment. The EU may well find a way to kick the can a few months down the road but the longer Greece remains in the Eurozone the worse it gets for all of us.

Remember that the Eurozone is a political project, not an economic one. This is all about appearance, about politics, not about your money and mine. The EU will spend every last penny of our money in order to save its beloved project.

SchoolsNightmare · 16/05/2012 11:40

This reply has been deleted

Message withdrawn at poster's request.

SchoolsNightmare · 16/05/2012 11:37

This reply has been deleted

Message withdrawn at poster's request.

ASillyPhaseIAmGoingThrough · 16/05/2012 11:18

I just watched a little of Mervin King on BBC News, he was saying a huge storm is coming and telling uk banks to keep their capital. I read that article about the Greek Euro.

SchoolsNightmare · 16/05/2012 10:02

This reply has been deleted

Message withdrawn at poster's request.

MoreBeta · 16/05/2012 09:43

Schools - very very interesting comments about 'Greek' Euros and 'German' Euros. Quietly, the people of Europe are gardually dividing along national lines again regardless of what politicians say. I hear a Dutch man was attacked in Greece yesterday as he was mistaken for a German. Very sad.

Are you in Germany? I recall hearing that many people in Germany have habitually sorted through their Euro notes for the last several years to make sure they get rid of any Greek ones ASAP.

You are correct about De La Rue. Annoyingly, I did not invest in it. [grrrr]

SchoolsNightmare · 16/05/2012 08:12

This reply has been deleted

Message withdrawn at poster's request.

flatpackhamster · 16/05/2012 07:46

They'll be saying hello to it again before the end of the year. Greece will be forced by France and Germany to default, and France and Germany will try to make it look like it's Greece's idea.

Betelguese · 16/05/2012 00:23

This reply has been deleted

Message withdrawn at poster's request.

Betelguese · 16/05/2012 00:11

This reply has been deleted

Message withdrawn at poster's request.

Swipe left for the next trending thread