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Greece wants to leave the Euro and every ones having a song and dance about it. Here's a very simple solution.

Greece is allowed to leave / kicked out.

EBC buys all of the outstanding bonds from the bondholders. It's not like they're going to get the money back anyway.

The Eurozone would in fact become stronger after this printing episode, everyone wins.

End.

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Too simple, no one will make any money off that. They will fudge it so it involves some mega-vanilla-covenant-lite-convertible-doodah bond to roll up the debt and interest until the next decade. Or something.

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Greece leaving will mean that at some level the Euro project has failed. That will get an automatic 2 thumbs down from the Eurocrats. Far better (in their eyes) that an entire people endure grinding austerity for generations to come.

If you can't be a positive role model, I'll make you a horrible example......

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Greece leaving will mean that at some level the Euro project has failed. That will get an automatic 2 thumbs down from the Eurocrats. Far better (in their eyes) that an entire people endure grinding austerity for generations to come.

Absolute truth, sick though it is.

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Greece wants to leave the Euro and every ones having a song and dance about it. Here's a very simple solution.

Greece is allowed to leave / kicked out.

EBC buys all of the outstanding bonds from the bondholders. It's not like they're going to get the money back anyway.

The Eurozone would in fact become stronger after this printing episode, everyone wins.

End.

Then Spain will say we will have a bit of that then Ireland and so on

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Then Spain will say we will have a bit of that then Ireland and so on

So, rinse and repeat.

The losers would be Germany etc. who will have to negotiate better terms. The way I see it Greece, Spain, Italy and Ireland cant' lose, simply because they have nothing to loose.

You owe the bank £200 it's your problem. You owe the bank £1m it's their problem.

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So, rinse and repeat.

The losers would be Germany etc. who will have to negotiate better terms. The way I see it Greece, Spain, Italy and Ireland cant' lose, simply because they have nothing to loose.

You owe the bank £200 it's your problem. You owe the bank £1m it's their problem.

Well thats the problem ,,,,i read some where it would cost multi trillions if they all default

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And.... the reason 'they' don't, is because the rich don't want their money and savings devalued.

Isn't it that three quarters of the Greek's want to stay in the EU. They know a gravy train and want to stay on it the end of the line, which most don't will ever come.

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So, rinse and repeat.

The losers would be Germany etc. who will have to negotiate better terms. The way I see it Greece, Spain, Italy and Ireland cant' lose, simply because they have nothing to loose.

You owe the bank £200 it's your problem. You owe the bank £1m it's their problem.

If you owe 100 billion, we all have a problem.

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If you owe 100 billion, we all have a problem.

Unless we don`

And.... the reason 'they' don't, is because the rich don't want their money and savings devalued.

yes if the Greeks really do walk away, they lose all the fictitious wealth along with the Germans. It really is all a double bluff. Its not who blinks first but who says Oh sod this I`m fed up with all the duplicity. I`m walking. But if it was Yanis Varoufakis who walks, he would have the moral high ground, but in reality be the fall guy for this mess. Does he really want to take the blame. Thats what it is all about..who wants to stand up and be honest, but yet take all the blame.

Edited by GinAndPlatonic

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Unless we don`

yes if the Greeks really do walk away, they lose all the fictitious wealth along with the Germans. It really is all a double bluff. Its not who blinks first but who says Oh sod this I`m fed up with all the duplicity. I`m walking. But if it was Yanis Varoufakis who walks, he would have the moral high ground, but in reality be the fall guy for this mess. Does he really want to take the blame. Thats what it is all about..who wants to stand up and be honest, but yet take all the blame.

geopolitics dear boy.

slightly more strategic value than financial in greece.

in these sort of cases hardball and threats do not work,unless you pack enough punch to beat up the other sponsors directly.bribery is rather more effective if at all unsure...and the EU SHOULD be unsure.

they are relying on uncle sam as the bailiff,when uncle sam is getting rather p****d off playing that role tidying up other peoples mess.

this time around they will probably sort out ISIS,but the EU should in NO WAY expect either ourselves or the yanks to leap the their defence the next time they screw things up with their arrogance.

Edited by oracle

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Greece leaving will mean that at some level the Euro project has failed. That will get an automatic 2 thumbs down from the Eurocrats. Far better (in their eyes) that an entire people endure grinding austerity for generations to come.

Yep- decades of bullshite about the 'people of Europe coming together' and it all comes down to old ladies in Greece eating out of garbage bins to prop up a failed system too bloody arrogant to accept it's own demise.

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