[turuk]

(03-16-2015 01:22 AM)Zelcorpion Wrote:  

(03-15-2015 06:25 PM)Nightwing Wrote:  

(03-15-2015 06:00 PM)turuk Wrote:  

Greece is getting more and more westernized if you like it or not. It was integrated into Europe and lived according to the life standards of western Europeans. Now that is gone. It will be like an addict who can't get its drugs. A lot of Greeks will have trouble adapting to lowering their living standards. If Greece get's kicked out of Europe, which is very likely, their economy will plummet and their economy reset to at least 10 years ago. In my opinion Greece has the potential to become the Thailand of Europe iffff Grexit happens.

Greece will never get kicked out of Europe, it invented Europe along with Phoenicia, there would be no Europe if it weren't for those two. What I hope is that Greece will become a strong standalone country. Who needs the Euro currency that brings debt everywhere it goes?

Greece has the potential to become a cheaper country to live in if they revert to the Drachma, that's it.

Greece won't be kicked out of anything. The Syriza crowd will betray the Greek people just like any other politicians will do. Of course an independent Greek drachma - best created interest free by a truly independent Greek central bank -could reinvigorate the country tremendously making it more Norway than Thailand.

But there is no "danger" for that - politicians proposing that would not survive the election process - literally. Greece WILL NOT leave the EU. The intention of the EU is to probably restructure debt into a EU wide finance system where regional debts are joint debts. There are other options in addition to that.

Maybe more independent currencies will grow there aiding the local economy. I have family living in Greece for decades. They complain about the shit happening, but they get by. They have some land, cut down expenses, but still enjoy life.

Greece will be kicked out of the EU eventually. Read the article I posted. Greece can't simply bare the austerity the EU imposes even if another debt haircut happens. The problem is that west Europe doesn't want to give Greece another debt haircut because they know Greece will ask another debt haircut in the future. Germany already planned for a Grexit. If Greece decides to leave. It will completely be up to Greeks and quite frankly I don't see them baring these austerity measures. Greece will eventually have to go back to the Drachma so they can lower their currency.