There are going to be some very interesting (inflammatory) comments coming out of Germany over the next few days by industrialists and CEOs of large companies.
They will be making a very strong argument for not wasting another euro on Greece.
Watch this space…..

I think they should go before they are told to leave..just like us..scrambling to save a flawed currency and by doing so only helping the rich get richer of the back of the working man.

Christ I hope so. It’s getting boring at this stage

this is not boring but deadly serious.

It is immaterial whether the bailout is agreed on Monday or not. The EU don’t trust Greece and its politicians, with good reason. Most of the commitments in the previous agreement were not delivered, apart from wage and pension reductions, and a property tax collected via electricity bills. The new memorandum contains Tax Reforms with distinct measures and agreed milestones, which I believe will not be implemented. It is normal practice here to ‘duck and weave’ even after reaching an agreement. If the bailout money is put into an ESCROW account to be disbursed as the milestones are achieved, then it’s only a matter of a short period of time before one or other of the measures is not implemented, the EU pulls the plug and Greece defaults. It’s not ‘in the DNA’ here to adhere to agreements like this – the smoking ban, introduced twice here, is still flaunted everywhere and not monitored. http://melinnakis.blogspot.com/?spref=tw

Thats this Monday coming ? Or just a Monday…….this drama is just going on and on and on with the next date for decision being put off and put off………….

The EU would rather preach austerity to Greece and have them crippled economically for the next 60 years than allow them to leave, same with any country involved with this project.
Imagine the scenario where a country leaves and within 5-6 years, free from the shackles of bureaucracy that country begins to see improvement and growth, do you think any right minded sovereign state would not entertain the idea of leaving too?

Just like putting new deckchairs on the Titanic

They are stalling this to blackmail the Greeks into signing up for decades of ‘austerity’ (you got to love that word!). Of course the machine will win out but good on the Greeks for standing up to the terrorists. If only the Irish had the bottle to do so.

Looks like Greece will have no choice either way but to leave. And what next for us?Same path?

Greece might be better off leaving. Would mean they would have control of their own currency and the possibility of becoming more competative. Would be a lot of pain in the short term but at least not for the next 30 odd years as planed by the EU. Cannot see them ever recovering while using the € in truth.

The only benefit this euro currency brought to people was not having to change currencies if planning a holiday in Europe, apart from that it has been an unmitigated disaster and it’s only the will and intransigence of a few hundred, maybe thousand politicians and europhiles that’s keeping it alive.

Dermot that’s an extraordinary inaccurate comment you make as the Euro is actually the largest currency in the world and with all of the current difficulties it still remains extremely solid from an exchange based valuation perspective.
If you knew anything about Greece you could easily understand why they are in their present difficulties and causing contagion among other Member States while extracting more and more money on the basis of deception dishonesty and downright lies.
Let me provide a couple of examples.
The Greek Government haven’t paid suppliers of critical products to their healthcare system for three years.
A Greek ambassador while renting his house to a friend of mine refused to provide a receipt.
Doctor in Greece according to Government statistics do no earn over five thousand Euro a year!
Lawyers in Greece suffer from the same difficulty.
Train drivers on the other hand earn one hundred thousand a year and retire at fifty five!
Is it any wonder that no Member States in the EU trusts Greece.

There was a young lady who lived in EU She borrowed so much money she didn’t know what to do. She gave it to her kids – who flushed it all down the loo but being little kids sure what else would they do?Then the loan shark he called looking for it back so she sent out little Paddy with his lunch money – taken from his sack.Paddy came back crying saying “he wants to see you ma” but she handed a play purse to his big sister Steph, saying”Tell him you’re me and this is all we have left”. No way said Steph I need you by my side but with a twist of an arm she wound up outside. The other kids went quiet, all trying to hide while an adult realisation hit them all deep down inside. Our kind mom gave us money to buy all our love, but the cow now says we’re all to blame when the going gets though.