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[Rods2]

EU finance meeting tomorrow to sign off second Greek bailout has been called off. Luxembourg PM has said that Greece has not done enough to guarantee the austerity measures. 

http://www.businessinsider.com/eurozone-finance-ministers-delay-meeting-greek-austerity-plans-not-finished-2012-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Recurring%202012-02-14

But could this DT article be the real reason, why Greece never gets any money?   

http://www.telegraph.co.uk/news/worldnews/europe/greece/9079430/Greece-wont-see-a-cent-of-the-great-bail-out.html

How are the Greek people coping, where 40% of businesses have gone under since 2009 and 50% of SMEs can't afford to pay their employees? According to this article, much better than you might expect and probably better than we would in the same circumstances as a large percentage own agricultural land!

http://www.nytimes.com/2012/02/19/magazine/the-way-greeks-live-now.html?_r=2&pagewanted=1&ref=magazine

[Dishevelled Den]

Insofar as my mate Angela is concerned Greece was always going to be the dead man walking.

One down and a few more to go before the Fatherland stands tall once again - as a nation state - having shed those who would drink from the fountain of plenty.

[Varche]

But it is all futile: whatever it does, its fate will be the same in the end.

And so it continues, playing out like the greatest Shakespeare tragedy of our modern times.

I loved the bit where the Greeks are expected to sell off their public assets at a time when prices are at an all time low.

Enter the Chinese stage left

[cem_devecioglu]

EU must understand one fact..  Power never accept gaps..  China and Russia will happily fill the gap

and things may turn..

besides the amount of money (130 billion EU) is far from changing the picture.. its the money for 4-5 months at best for Greece..

[Nickbat]

Farage speaking in the EU parliament this morning about the Greek situation:

http://www.youtube.com/watch?v=vd6EC-BJIaI

Exactly, Nigel. 

[albitz]

I think Nige could get elected PM of Greece if he stood for election there.
He always tells it exactly like it is,no matter how much flack they give him.

[cem_devecioglu]

Farage speaking in the EU parliament this morning about the Greek situation:

http://www.youtube.com/watch?v=vd6EC-BJIaI

Exactly, Nigel. 

"THESE POLICIES ARE DRIVING GREECE TOWARDS A REVOLUTION!!"     

Bang On Mr Nigel

I hope and wish  the deaf ears will not hear that

[Varche]

Farage speaking in the EU parliament this morning about the Greek situation:

http://www.youtube.com/watch?v=vd6EC-BJIaI

Exactly, Nigel. 

Well said that man. 304 views. All OOF members?

Here is a question. What do disaffected youths do when they have no prospect of getting a job? 50% and rising

[Rods2]

Ask Tunisia, Libya, and Egypt, it was called the Arab Spring. 

Most riots and revolutions occur when the weather is hot and with unemployment rates over 25% as you then get a large group who feel they have nothing to lose. 

So Greece, Portugal and Spain are all in the firing line for a Mediterranean Summer. 

Unfortunately, revolution rarely improves things and often makes them worse. "Won't get fooled again" by "The Who"; the lyrics are anti-revolution and are quite an accurate reflection of this. 

Frau Merkel will then ride to the rescue with her Luftwaffe and Panzers to restore order circa 1936 (Spain) and 1941 (Greece). Their adventure into Greece in 1941 was actually pivotal in the outcome of WWII, as the delay from this on their attack on Russia, meant the Russian winter saved Moscow and an almost certain Russian negotiation for peace. And the rest is history. 

The best outcome we can expect from countries leaving the EUSSR is that the disintegration is done peacefully, like that of the old USSR. 

[cleggy]

Farage speaking in the EU parliament this morning about the Greek situation:

http://www.youtube.com/watch?v=vd6EC-BJIaI

Exactly, Nigel. 

Spot on. VOTE UKIP.

 We have to leave this joke called the EU if we ever get a referendum

[Sir Tigger KC]

Sadly Nigel Farage is a lone voice in the wilderness...   Notice that many MEP's weren't listening to what he had to say and were clearly not bothered either!! 

[cem_devecioglu]

Sadly Nigel Farage is a lone voice in the wilderness...   Notice that many MEP's weren't listening to what he had to say and were clearly not bothered either!! 

you may not like but the truth is he will never allowed to be a prime minister.. 

a similiar party leader here is in prison for long time..

[aaronjb]

Sadly Nigel Farage is a lone voice in the wilderness...   Notice that many MEP's weren't listening to what he had to say and were clearly not bothered either!! 

To an MEP I imagine he's their equivalent of the crazy guy with a sandwich board ranting about the end of the world in the middle of the town square.. and how much attention to you pay to them?

[Rods2]

Iceland has now had it's credit rating upgraded by Fitch to BBB-, which is investment grade, so they have gone from default to recovery in 3 years. Luckily for them it happened before they had chance to join the Euro, otherwise they would still be stuffed.

http://www.bbc.co.uk/news/business-17075011

It just highlights the absurdity of the Greek and soon to join them the Portuguese position. If Greece had defaulted and left the Euro 2 years a go at the time of the first bailout, they would now be recovering and likewise Portugal. Greece must default now and introduce the New Drachma, but because the Euro is a political project, the politicians will slash and burn much of Europe  and damage ALL Western economies (including ours) before they have to face reality. 

They and their PR advisers, will then deflect the blame (like Labour), so they survive, to further screw thing up. 

All of us are suffering due to this farce with depressed economies and growing unemployment.