tag:blogger.com,1999:blog-36227136.post321195911517753155..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Democracy is coming home...OEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-36227136.post-30879940971149547232011-11-01T18:01:31.332+00:002011-11-01T18:01:31.332+00:00I agree with Idris. It is essential that Greece h...I agree with Idris. It is essential that Greece has an independent currency allowed to float downwards, so reviving the moribund tourist industry and making inward investment attractive again with competitive labour costs.<br /><br />I have known Greece since 1965, and been a householder there since 1991. All informed ex-pats out there I know take it for granted that the drackma will return within 12 months ... and cannot understand why politicians have been so slow to get real.<br /><br />And you can forget fiscal union. The Greeks are unashamedly nationalistic and recognise that what the troika is peddling is just a new form of colonialisation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-90113638726521340242011-11-01T15:37:42.222+00:002011-11-01T15:37:42.222+00:00It IS important to consider the basic principles -...It IS important to consider the basic principles - and the most fundamental of these is that the flawed political concept of having a common currency with many disparate economies will just ensure Euro instability. <br />It would be preferable by far to have an orderly break up of the Euro - but the political motivation for retaining it is still overwhelming and will continue to defy common sense.<br />The German people will not voluntarily continue to be the main 'saviour' of the weaker Euro economy countries indefinitely - and the sooner this issue is addressed, the better for all concernedStevlinhttps://www.blogger.com/profile/16306525509148725599noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-86150363070083417002011-11-01T12:54:27.740+00:002011-11-01T12:54:27.740+00:00Your blog seems to me to hope for a Yes vote that ...Your blog seems to me to hope for a Yes vote that will keep Greece in the euro and in enforced poverty for many years.<br /><br />In times like these it is important to get back to basic principles, not expediency and short-term considerations. The inescaoapable fact is that Greece is very severley uncompetitive within the euro and will remain so for as long as it remains in - the "internal devaluation" needed to regain competitiveness would be far too slow and too painful and unacceptable.<br /><br />200 years ago we had debtors prisons for those whose debts became unmanageable, but a more enlightened era brought bankrupty arrangements that wiped the slate clean and allowed a fresh start. Precisely the same applies to countries, is already working in Iceland and must be applied to Greece.<br /><br />We must therefore hope that the vote is held and is a big No Thanks. The ripple effect across others in the same situation would then be both inevitable and beneficialIdris Francishttp://www.fightbackwithfacts.comnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-66256223895144282432011-11-01T11:32:14.678+00:002011-11-01T11:32:14.678+00:00It will not make any difference: the rescue plan c...It will not make any difference: the rescue plan cannot work anyway. The can has been kicked along thus far, but the road ahead is stoney and uphillRollohttps://www.blogger.com/profile/18255460090580758354noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-21525119181910922762011-10-31T22:15:30.112+00:002011-10-31T22:15:30.112+00:00All the EMU countries should have a referendum! L...All the EMU countries should have a referendum! Let the people vote on it!Anonymousnoreply@blogger.com