New Greek elections

[Greater-London]

And then you wake up and realize a member state can't get expelled

No, however The European Council can suspend membership rights so long as the decision is unanimous (excluding the memberstate in question)

[Parti Ouvrier]

You see, this is exactly what we mean when we say you don't know anything about greek politics. Though I'm beginning to suspect the fault mostly lies in that you don't know what communism is.

Well some of the constituent parties in SYRIZA are communist parties or democratic socialist ones. I don't think the coalition is "communist" but there are certainly communists within it.

Some are social-reformist eurocommunists, yes.

[Chestaan]

I'm not sure how SYRIZA will find the money to fund their plans for a spike in public spending.

If they would leave the euro-zone they would go for an (external) devaluation. Furthermore, they could start printing money to finance their social programs; Greece needs inflation.. Deflation is a no-go.

Except the problem is that Greek debt is denominated in euro, not a hypothetical Greek controlled currency. Printing money would do nothing to lower the debt.

[Pooria]

ikr!its just that they think that istanbull is something turkik...on i side note a lot of people here hate turks does this happen in turkey too?

Some do, some not, but many see Greeks closer to us

i wish that was the same from greeks here..people here are indifirend to you or(mostly nationalist and golden dawn members)hate you for varius mostly historical but there are some that are really paranoid and thing you l attackas and enslave us most of them are in the islands...they that because the last years there were many sightings of turkick aircrafts in a bunch of islands(including mine)

[MERIZoC]

And then you wake up and realize a member state can't get expelled

No, however The European Council can suspend membership rights so long as the decision is unanimous (excluding the memberstate in question)

Wouldn't there have to be certain grounds?

[Parti Ouvrier]

Wonder how long it'll be before Tsipras joins Hollande in doing exactly what Auntie Angela tells him to do.

I would say, perhaps two or three months and they'll cave in.

[Constantinopolis]

First we take Athens... then we take Madrid!

Syriza-Podemos, venceremos!

¡Los pueblos unidos jamás será vencidos!

[Arkolon]

If they would leave the euro-zone they would go for an (external) devaluation. Furthermore, they could start printing money to finance their social programs; Greece needs inflation.. Deflation is a no-go.

Except the problem is that Greek debt is denominated in euro, not a hypothetical Greek controlled currency. Printing money would do nothing to lower the debt.

Printing money = more inflation = lessens debt burdens, the same way smaller supply of money = more deflation = raises debt burden. IIRC. But yeah, it's not exactly going to cancel all Greek debt, and the size of the deficit would hugely outweigh the inflation, so it doesn't do much, after all.

[Ramptonia]

Wonder how long it'll be before Tsipras joins Hollande in doing exactly what Auntie Angela tells him to do.

I would say, perhaps two or three months and they'll cave in.

To be honest Syriza haven't won an overwhelming mandate either. He won't have much to fall back on.

[Parti Ouvrier]

Except the problem is that Greek debt is denominated in euro, not a hypothetical Greek controlled currency. Printing money would do nothing to lower the debt.

Printing money = more inflation = lessens debt burdens, the same way smaller supply of money = more deflation = raises debt burden. IIRC. But yeah, it's not exactly going to cancel all Greek debt, and the size of the deficit would hugely outweigh the inflation, so it doesn't do much, after all.

Not always, just look at Japan, they've done a ton of QE, still in a deflationary spiral.

[Gezi Park]

Some do, some not, but many see Greeks closer to us

i wish that was the same from greeks here..people here are indifirend to you or(mostly nationalist and golden dawn members)hate you for varius mostly historical but there are some that are really paranoid and thing you l attackas and enslave us most of them are in the islands...they that because the last years there were many sightings of turkick aircrafts in a bunch of islands(including mine)

I'm sure many Greeks are into Turkey, the winning party Syriza hailed the Turkish Gezi youth like me

[Parti Ouvrier]

I would say, perhaps two or three months and they'll cave in.

To be honest Syriza haven't won an overwhelming mandate either. He won't have much to fall back on.

Exactly, let alone a lot of support from Europe. They may get some support from the Southern European countries, but that's not enough.

[Arkolon]

Printing money = more inflation = lessens debt burdens, the same way smaller supply of money = more deflation = raises debt burden. IIRC. But yeah, it's not exactly going to cancel all Greek debt, and the size of the deficit would hugely outweigh the inflation, so it doesn't do much, after all.

Not always, just look at Japan, they've done a ton of QE, still in a deflationary spiral.

That's because of Japanese economic culture. Its aging population and business ethic (hoard all the cash!) mean continuous and perpetual deflation. Not only that, but you're also assuming QE is actually useful. QE stimulates asset prices, so those who own assets make more money. Assets are almost wholly owned by a very wealthy few, so you've essentially just boosted their net worth, and you're hoping they spend some of that money somewhere else. In Europe, they just might. In Japan, they don't. And around the world, rich people have a low MPC. That's why progressive taxation is more worthwhile with them, because you tax unproductive money.

Still, I will always prefer money-financed stimulus to resolve deflation + sluggish growth.

[Greater-London]

Wouldn't there have to be certain grounds?

Breaching of the European Unions core values. In the case of Greece not complying with the monetary policy coming from the European Central Bank that's not going to get them suspended.

However the idea that members should be able to be expelled has been put forward in the past. I imagine if Greece or another member state consistently didn't comply with EU policy or regulations, and this was damaging the reason of the EMU then that would see a treaty change.

[Pooria]

i wish that was the same from greeks here..people here are indifirend to you or(mostly nationalist and golden dawn members)hate you for varius mostly historical but there are some that are really paranoid and thing you l attackas and enslave us most of them are in the islands...they that because the last years there were many sightings of turkick aircrafts in a bunch of islands(including mine)

I'm sure many Greeks are into Turkey, the winning party Syriza hailed the Turkish Gezi youth like me

how is turkey in terms of ideology...here its pretty f@cked up neo nazis,stalinists,anarchist there is actually a kinda cold war were i live between the golden dawn and an anarchist organization(?) i dont know how to call it...for example there was a gd stand in the main city two day ago...now its wrecked

[Parti Ouvrier]

Not always, just look at Japan, they've done a ton of QE, still in a deflationary spiral.

That's because of Japanese economic culture. Its aging population and business ethic (hoard all the cash!) mean continuous and perpetual deflation. Not only that, but you're also assuming QE is actually useful. QE stimulates asset prices, so those who own assets make more money. Assets are almost wholly owned by a very wealthy few, so you've essentially just boosted their net worth, and you're hoping they spend some of that money somewhere else. In Europe, they just might. In Japan, they don't. And around the world, rich people have a low MPC. That's why progressive taxation is more worthwhile with them, because you tax unproductive money.

Still, I will always prefer money-financed stimulus to resolve deflation + sluggish growth.

Japan isn't the only country hoarding cash. And business ethic? I'm not getting the connection (or what you mean by that). Also, Greece has an aging population (as does most of Europe), although you haven't explained why that makes a difference either. Just like Japan printing money, I doubt Europe will avoid the deflationary spiral with its QE either.

[Constantinopolis]

i wish that was the same from greeks here..people here are indifirend to you or(mostly nationalist and golden dawn members)hate you for varius mostly historical but there are some that are really paranoid and thing you l attackas and enslave us most of them are in the islands...they that because the last years there were many sightings of turkick aircrafts in a bunch of islands(including mine)

I'm sure many Greeks are into Turkey, the winning party Syriza hailed the Turkish Gezi youth like me

Turks and Greeks have so much in common, culturally speaking, that it's a real shame about all this nationalistic hostility between your two peoples. Yes yes, horrible stuff happened in the past. But the future can be different.

It would take a lot of work, but the future CAN be different.

[Parti Ouvrier]

And then you wake up and realize a member state can't get expelled

No, however The European Council can suspend membership rights so long as the decision is unanimous (excluding the memberstate in question)

I think its unlikely they do such a foolish thing.

[Parti Ouvrier]

I'm sure many Greeks are into Turkey, the winning party Syriza hailed the Turkish Gezi youth like me

Turks and Greeks have so much in common, culturally speaking, that it's a real shame about all this nationalistic hostility between your two peoples. Yes yes, horrible stuff happened in the past. But the future can be different.

It would take a lot of work, but the future CAN be different.

Maybe, if they treated the Kurds better.

[Greater-London]

I think its unlikely they do such a foolish thing.

Why is it foolish? The EU is a club and if a member doesn't play by the rules then the EU has its right to kick the member out.

[Pooria]

I'm sure many Greeks are into Turkey, the winning party Syriza hailed the Turkish Gezi youth like me

Turks and Greeks have so much in common, culturally speaking, that it's a real shame about all this nationalistic hostility between your two peoples. Yes yes, horrible stuff happened in the past. But the future can be different.

It would take a lot of work, but the future CAN be different.

i agree its kinda stupid to hate someone for something that happened ages ago

[Esperantujo 2]

No, however The European Council can suspend membership rights so long as the decision is unanimous (excluding the memberstate in question)

Wouldn't there have to be certain grounds?

I think there's some confusion here between the Eurozone, the EU and the Council of Europe. The grounds for expulsion in each would be different, but I could not tell you what they were without looking them up. There's also the European Economic Area, which I nearly forgot about.

[Parti Ouvrier]

I think its unlikely they do such a foolish thing.

Why is it foolish? The EU is a club and if a member doesn't play by the rules then the EU has its right to kick the member out.

They'd be slitting their own throats (currently, the EU economy is roughly the same size as the US), Greece going back to the Drachma would also be disastrous.

[Parti Ouvrier]

Wouldn't there have to be certain grounds?

I think there's some confusion here between the Eurozone, the EU and the Council of Europe. The grounds for expulsion in each would be different, but I could not tell you what they were without looking them up. There's also the European Economic Area, which I nearly forgot about.

I suppose it is possible they'll get kicked out of the CoE.

[Greater-London]

They'd be slitting their own throats (currently, the EU economy is roughly the same size as the US), Greece going back to the Drachma would also be disastrous.

In the short term yes, In the long term it would be beneficial for them.

As for the EMU its completely unworkable, you cant have a common Central Bank and currency. It may be able the same size of the US but so what?