The New Richard Nixon, on 02 December 2012 - 09:48 AM, said:
But how can Greece sort them selvesout? merge with Macedonia?
they need to
devalue their currency and
adjust their interest rate, while at the same time
making cuts at present they have no control over anything. they cannot devalue the currency, they cannot set their interest rate and the EU commission is telling them were to make cuts. - there is no way back for Greece, 6 years in recession unheard of in modern times. - its clear they cannot payback the money. but wont be allowed to default because the German elections are next year, and chancellor merkel is not going to win that election if all the German money paid to greece is lost. they'll continue to throw more and more money at greece hoping that the crisis with time will resolve itself.
you only have to look at the latest EU budget meeting, were all the poorer members who cream off the money like Poland for example were in favour of a contribution rise of 8%, Poland receives €10 billion from the EU, no wonder they're in favour of a budget increase. along with Greece, Hungary Spain and Portugal etc..
this is why the EU will never work in its current state, this is why they now openly talk of a federal EU. with everything centralised, listening to the EU debate one MEP Joseph Daul said, we need a budget increase to continue to build infrastructure, because all roads dont lead to Rome but to the capital of europe Brussels.