Cyprus-Forum.com

[miltiades]

I have consistently supported the European single currency in spite of the numerous obstacles presented by the diverse economies of the member nations but have always believed that the way forward for Europe was a single currency strengthened by the fact that one of the worlds strongest economy, ie Germany, was at the helm of the continued sustenance and continued progress of the single European currency.

The Euro faces its biggest challenge thus far, a Greek exit would unleash severe repercussions that would undoubtedly weaken and not strengthen the single currency. Germany as well as the other nations in the EZ surely have considered the dire consequences that would inevitably shake the very existence of the single currency as well as the EU.

I still believe that Greece will remain in the EZ, my belief is based on realities and not on patriotic tendencies such as those displayed by some on this forum, I say this since Greece is not my country.

Greece must remain in the EZ if only because the other option would be catastrophic for the Greek nation for years to come.
Was Greece to exit and introduce its own sovereign currency one can assume that it will be an almost worthless currency in international markets.

[GreekIslandGirl]

The Troika does not exist. Please keep up!
The majority of Eurozone govts no longer trust this
Greek govt. A fact acknowledged yesterday by the new Greek
Finance minister.

Does any government trust another government?

The Greek finance minister at least was being honest; and, shaming the pretext that is a United Europe.

(And I'll try to keep up with your first hand knowledge, if only you didn't contradict yourself so much in so few posts. )

[GreekIslandGirl]

I have consistently supported the European single currency in spite of the numerous obstacles presented by the diverse economies of the member nations but have always believed that the way forward for Europe was a single currency strengthened by the fact that one of the worlds strongest economy, ie Germany, was at the helm of the continued sustenance and continued progress of the single European currency.

The Euro faces its biggest challenge thus far, a Greek exit would unleash severe repercussions that would undoubtedly weaken and not strengthen the single currency. Germany as well as the other nations in the EZ surely have considered the dire consequences that would inevitably shake the very existence of the single currency as well as the EU.

I still believe that Greece will remain in the EZ, my belief is based on realities and not on patriotic tendencies such as those displayed by some on this forum, I say this since Greece is not my country.

Greece must remain in the EZ if only because the other option would be catastrophic for the Greek nation for years to come.
Was Greece to exit and introduce its own sovereign currency one can assume that it will be an almost worthless currency in international markets.

Yes, but have you seen what these children of Hitler are demanding? If Greece leaves the Eurozone, they have to forfeit billions in national assets to the fascist bankers. And what is more, Merkel's monsters are preventing Syriza from raising corporation tax because guess who would have to pay back a little extra in taxes? The frigging German corporations that have been moving stealthily into Greece!

[miltiades]

On reading numerous comments on the Greek crisis, I cant help feeling that Germany, the unions strongest nation, feels that her interests perhaps would be better served if it self exits the euro and buries the single currency for ever. Is Germany considering that the Euro does not serve her interests thus " forcing" Greece out of the EZ would prepare the right atmosphere spelling the end of the Euro and the introduction of the German mark !!!

Would Germany then revert to her pre Euro days ? Nobody has so far suggested such a scenario, but it is in my opinion worth considering. In other words force Greece to exit and open the EXIT gates for other members and hence the beginning of the end of the single European currency.

[Get Real!]

I’m pretty certain now that Greece won’t be allowed to remain in the EZ. The extreme demands that have suddenly surfaced at these last moments are obviously designed to force Greece’s exit.

[Lordo]

why should they abandon the euro if greace exists. it should get stronger with the weakest economy out of it.

[miltiades]

A Greek exit from the EZ could have severe repercussions throughout the Eurozone. Portugal, Ireland, Spain as well as Italy could become prone to demands by their nationals to consider their continuation in the EZ.

I can not help thinking that Germany itself might be looking for a feasible excuse, ie Grexit, to abandon the monetary union her self and revert to her own currency. The question is this. Does Germany really benefit from being the main contributor of bail outs or would she be better off financially re embracing her sovereign currency, the mighty German DM.

Not all is clear right now, on one hand all member nations are wary of Greece's incompetence in maintaining a feasible and sustainable financial position on the other hand they, the member nations, are aware of the consequences of a Greek exit.

If Greece is forced to abandon the EZ it could spell the eventual collapse of the monetary Union.

[Lordo]

Anybody who is unable to live within their means or unable to repay what they borrow is a drain on the system. either they behave or ship out. when they are ready to behave they can return. you try doing to your bank who lent you the money for your house as greace is doing to the eu and see what you get.

letting greace get away with what they have done is the real problem then all the weaker countries will demand the same deal and so they should.

[Jerry]

Anybody who is unable to live within their means or unable to repay what they borrow is a drain on the system. either they behave or ship out. when they are ready to behave they can return. you try doing to your bank who lent you the money for your house as greace is doing to the eu and see what you get.

letting greace get away with what they have done is the real problem then all the weaker countries will demand the same deal and so they should.

What! You mean like the "trnc" that has sponged off Turkey since 1974. Time to ship yourself out.

[Pyrpolizer]

Greece got trapped in this from 2010 and got loaded a huge dept that is unsustainable. Most of the money borrowed DID NOT end up to the people they ended up SAVING the European Banking system.
I will be very glad if Greece eventually gets kicked out of the Euro. For one the lenders will have to forget most of Greece's dept.
The Euro will get stronger -that's obvious because removing the weak link(Greece i,e) the chain will get stronger. By getting stronger most of the EZ economies will not be able to sustain it and their exports will drop. German (and other EZ Banks) that were previously saved by loading Greece a huge dept will have to take a shake. Rumors say that Bundesbank may collapse.