Posted: Sun Jan 25, 2015 7:03 pm
Greece got the right and the left in this election, and no To Potami. Shit.
Because sometimes even national leaders just want to hang out
https://forum.nationstates.net/
Hydesland wrote:It's difficult to guess exactly what's going to happen to Greece, this is uncharted territory.
One possibility is that they'll leave the Eurozone, reintroduce the drachma and attempt to peg it to the Euro initially - but I would expect instead a huge jump in the price level, something that could cause a great deal of hardship. After the jump though, probably a moderate recovery.
Atlanticatia wrote:Hydesland wrote:
Countries reneging on IMF deals or deals with other similar institutions/nations is not new, so hardly. Leaving a currency block on the other hand, this is something I've seen studied less.
I feel like it could be different since it's Greece, an OECD/EU/Euro country
which is going to be able to spur political changes in the rest of Europe.
Natapoc wrote:Hydesland wrote:It's difficult to guess exactly what's going to happen to Greece, this is uncharted territory.
One possibility is that they'll leave the Eurozone, reintroduce the drachma and attempt to peg it to the Euro initially - but I would expect instead a huge jump in the price level, something that could cause a great deal of hardship. After the jump though, probably a moderate recovery.
The chances of Greece leaving the eurozone under this coalition is very low.
Natapoc wrote:Hydesland wrote:It's difficult to guess exactly what's going to happen to Greece, this is uncharted territory.
One possibility is that they'll leave the Eurozone, reintroduce the drachma and attempt to peg it to the Euro initially - but I would expect instead a huge jump in the price level, something that could cause a great deal of hardship. After the jump though, probably a moderate recovery.
The chances of Greece leaving the eurozone under this coalition is very low.
Hydesland wrote:
That's a shame, I think it might be better in the long term both for Greece and Europe if they ditch it.
Geilinor wrote:Euro drops to 11-year low. http://www.bloomberg.com/news/2015-01-26/euro-falls-to-11-year-low-as-syriza-wins-greek-poll.html
Greater-London wrote:Hydesland wrote:
That's a shame, I think it might be better in the long term both for Greece and Europe if they ditch it.
Of course it is. The Euro is and always was going to be a complete disaster, you cannot' have monetary union without fiscal union. Even then the differences between Europe's economies is to great to share a common currency.
Greece needs to go back to the Drachma and then devalue. It would initially be REALLY tough but at least the Greeks would have control over their own economy.
Insaeldor wrote:Kinda sad to see Potima blocked out of the current government coalition (apparently) but good in the Greeks. Can't say I support SYRIZA but they at least set a message to Europe about their distaste for EU economic policy as well as Austarity measures.
greed and death wrote:Greater-London wrote:
Of course it is. The Euro is and always was going to be a complete disaster, you cannot' have monetary union without fiscal union. Even then the differences between Europe's economies is to great to share a common currency.
Greece needs to go back to the Drachma and then devalue. It would initially be REALLY tough but at least the Greeks would have control over their own economy.
The problem is all the bonds that are currently killing them are denominated in Euros.
Geilinor wrote:http://en.wikipedia.org/wiki/Union_of_the_Democratic_Centre_(Greece)
Syriza has a centrist faction!
The Conez Imperium wrote:Wait so who won?
The Conez Imperium wrote:Wait so who won?