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GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Ms Sans Serif
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[quote:insertfunnyusername:MV8xODY4OTU4XzM0NzQ3NjgyX0FCOTkzNUQx] [quote:Anonymous Coward 28660470:MV8xODY4OTU4XzM0NzQ3NTU4X0ZDQTQxQ0RC] Germans are not happy at all either. They talk about democracy in Europe. But I haven´t been able to find anyone who´s happy about what´s going on, who wants the euro. And there are no parties offering an alternative. [/quote] I know Germans are not happy with it too. I found people that are happy with it tbh coz they've made more money with it, corporations and banksters are for sure the only winners of this social-economic experiment. [quote:Anonymous Coward 28660470:MV8xODY4OTU4XzM0NzQ3NTE5X0VGQ0ZFOTQ5] Btw, the most likely conversion would be 1:1 initially. Then the drachma, lira, peseta, etc. would rapidly depreciate. The devaluation, however, would make it easier to create jobs. Devaluation alone won´t solve the problem. Would just give some respite. But the current combination of structural problems and hard currency is lethal. [/quote] I heard that ours will be about 50-60% of the euro value, will see i guess, i expect the next 3-5 years to be very tense from a social perspective here and agree that the current combination is lethal, we should have defaulted hard in 2009. If WW begins in the ME though i honestly have no idea what exactly will happen and how many years it will take to recover, it's a game-changer event. [/quote]
3 min Theodora Oikonomides‏@IrateGreek
#Greece Army has ordered a sudden, real-time preparedness exercise of Rapid Response force on a remote island, via @doleross #rbnews
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