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Monday, 26 January 2015

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What I like about you Mr Duff is that you are such an optimist. You say - drop the Euro and take the hit. With a devalued drachma they will soon recover. Really? They will still be stuck with the political plonkers that took them into the Euro in the first place. Faced with two unpalatable choices, the Greeks have very sensibly voted for both of them!

As I understand it (from the 'experts'!), it is the Greek people themselves who are desperate to stay in the euro on the grounds that (somehow!) it makes them a proper European nation rather than a Levantine one. Even now, around 75% of them want to stay in. So their leaders are, in effect, following rather than leading. Actually, the more they kick up a fuss the more the euro sinks in value which will do wonders for the tourist trade. Even so, their best solution is get out, go broke and start again with their drachma. Plenty of other countries - Argentina, Russia, etc - have done that and eventually prospered.

A favorite Sherlock Holmes Mystery of mine is called "The Greek Interpreter". Seems like that is what will be needed for Tsipras to understand market economics.

Well they're certainly going to need some 'interpreters' over the next few months with all the 'forked-tongue speaking' that will be going on!

Curiously, Pablo Iglesias the spanish leader of the "We are whomever you want us to be" Marxist party Podemos is distancing himself from Tsipras. Just last Saturday he was in Greece pushing the commonality. May be a case of "Be careful what you wish for"?

Hello, Timbo, long time no see. Well, they're all coming out of the woodwork nowadays and irrespective of what they say all we can, and should, do is watch what they do.

The Greeks did not have to take the loans. They could have left the EU. They did take the money and have to act responsibly and pay their way. The leftie election winners are the real con men as they still want to stay in the EU capitalist system while pretending they are different. Their attempt to portray Merkel as a Nazi is a disgrace. Time for the British to leave the EU and get the real trade agreement that was supposed to be the original agreement.
Time to get back to the old British parliament and get rid of the idle gravy train subsidiaries.

"Even so, their best solution is get out, go broke and start again with their drachma. Plenty of other countries - Argentina, Russia, etc - have done that and eventually prospered."
And that's the problem from the Eurocrat POV. If Greece does drop out and succeed, what does that say to the other Club Med countries?

Exactly which is why I sit with bated breath and fingers crossed. Of course, we'll suffer in the backlash but if it helps break up the wretched EU then it's a price worth paying.

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