When Eurozone collapses, what next? (feels more when than if)

[Hamishbear]

Posted on Chat but felt this may be a better place.

So, the bailouts can't continue indefinitely, what happens next?

What's the best case scenario and how will it affect us in the short term and long term?

Hurrah!

'Market forces will have to destroy it from the outside.'

Market forces are part of the trick, market forces are just horses on a tight rein, harnessed and pulled by the puppet masters. One minute the ratings say Lehmans is triple A, the next minute they're not worth a bale of hay, they just do whatever the puppet masters say.

'There is no nice way out of this. Many people will have their savings, pensions, jobs, businesses and lives destroyed in the process.'

I don't think so. The puppet masters will lose their nerve, they will be the first to blink as they witness the masses march in the streets, they will hesitate and pull back from the brink.

They know the game is up, no one believes their global warming crap, the people have woken up.

They have already done more U-turns than a teenage joyrider in a hot hatchback with more horsepower than sense on a run-down council estate, and they will do many more U-turns before it's too late.

Fantastic news. The socialist, Francois Hollande, was the driver of a growth package for the EU worth over 100 billion. Very well done. This is only the beginning. Expect there to be more good news at the summit next week.

The puppet masters have changed the record, the puppets will dance to a different tune, they will alow the people to return to a steady boom and begin to lift the gloom. Soon the "markets" will be told to stop spreading doom.

Can you explain in more basic terms please?

EU leaders have agreed a large growth package a week before their summit. I think they will agree even more at their summit next week. It is teh beginning of teh end of the lie of prosperity through austerity. They have changed course, they will begin to give us growth.

The people who really make policy have looked at the "tipping point" and decided they didn't want to go over it after all, so all of the manufactured articificial financial crisis will start to end.

There will be a closer fiscal and political union, but at least teh economy will be allowed to grow.

I think we are seeing the beginning of the end of the austerity.

I think on teh news headlines, it said that the EU leaders have also agreed a tax on financial transactions.

There will be opposition from the City and Cameron, there may be claims that this is a Gotterdammerung. But it's over. In the short term there may be "market" pressure to try to overturn it, but the writing is on the wall, the austerity will fall.

claig, you are making much sense today.

I agree, I can see that growth, not austerity could be the change they will begin to make at their summit next week

Yes, landahoy, it is very good news and is a message to the "markets" and to us, the people, that growth is on the way. Unfortunately, there are some who do not want that growth and there will be a short-term "market" reaction to try to prevent it, but it will be in vain.

I like Merkel. She is great. She was at the Euros today, she didn't boycott the Ukraine. She was clapping and cheering every goal. She is going to ease the brakes and deliver economic growth.

Actually, I'm not sure if she was in teh Ukraine or Poland for the match, so I am probably wrong on that.

Claig, there will always be those who don't want growth/positivity/optimism

Yes, it is a battle for the soul of the planet, and it all depends who gets the upper hand.

But as they are saying now on Newsnight now, the result will be an undemocratic union, so the battle for liberty, freedom and justice never ends. The torch is passed from one generation to the next and each generation has to fight the same fight.

Undemocratic union, perhaps more apathetic?

That's great if growth will begin,I was worried we were heading for a depression like 1930's.

The plan of the elite is probably to trade liberty for prosperity, and so the people struggle on.

ASilly, don't believe that type of talk. That is what the media pumps out to frighten the people, but it won't happen because the elite are not prepared to go over the "tipping point".

Plus Merkel won't allow the English elite to dictate too much, she has a balance in mind, and a plan that is careful and logical. I know she will not allow struggle to continue. I trust her. Strange, but true.

Liberty has trickled away.

I agree, landahoy. I like Merkel, I think she will do the right thing. You only have to look at how Germany has provided for their people and not their bankers, by creating a manufacturing powerhouse. Germany is not at the mercy of a banking elite.

No, ASilly, liberty is always there.

Media would love us to believe we have no liberty left, that the Eurozone is broken, that people are up the proverbial creek

The difference is:
You have a choice- do you accept blindly what some journo has told you?
Do you accept what politicians tell you, blindly, letting their spin darken your future plans?

I choose not to. It's hard not to believe the hype right now, but it will be worth it in the end, to remember that growth is possible. There are a lot of brains working behind the scenes to find the best possible solution, and media will only be told snippets, from which they will make up the rest.

I agree with ASilly, that liberty is under threat. Under New Labour our civil liberties declined and it nearly came about that all citizens would one day have to carry an ID card with all their DNA data on it. Boris Johnson said he would shred his and feed it to his children on their cornflakes and it didn't happen, but someone will probably bring it back one day on the future.

individual liberty? or liberty in the business world?

Individual liberty, the liberty of the common people, not the corporate fat cats. There are no limits for them.

I would agree

Identity being the only thing to cling to, in a sea of fools, in a way