ARmy Rumour SErvice

**Brotherton Lad** · 10-11-2011, 15:11

Originally Posted by Alsacien

Not much wrong with the G and S pact in itself, except for the fact it was never a rule that had to followed, and there were no consequences for ignoring it.

Though it might be argued that a couple of consequences are making themselves felt at the moment.

Euro Stability Pact is stupid, says Prodi - Telegraph

**stacker1** · 10-11-2011, 15:13

Originally Posted by Alsacien

Should never have got in.
Should have been booted as soon as it was realised they bullshitted their way in.
I doubt they gave it serious consideration as there was enough to do at the time.
An angle? No, several dozen angles at least.

None of which changes the reality of where we are, or the realistic options of what now be done.
I don't think wringing hands bemoaning GR membership, or wishing that sub-prime crisis never happened is going to help much.....

But you agree there was plenty of choice?
If you doubt they gave it serious consideration why is it so hard to leave? They could have booted Greece out ages ago if they had an escape route.

Maybe in a years time we will bemoaning the gigantic cock up thats happening now.

**Alsacien** · 10-11-2011, 15:13

Originally Posted by Brotherton Lad

Though it might be argued that a couple of consequences are making themselves felt at the moment.

Not exactly the most optimal way of bringing detractors into to line though I would suggest.....

**stacker1** · 10-11-2011, 15:16

Originally Posted by Alsacien

No, I would reckon your hypothetical company would get nothing for what they own rather than what is on offer. But I'm not a lawyer.

So if they got nothing, would Greece be in default? Im asking you how it works.
How many people/companies/countries does it take to push Greece over the edge?
I just wondering whose interest it would be in to fuck them (and the euro) over. As someone said earlier people profit from disaster.

**Brotherton Lad** · 10-11-2011, 15:18

Originally Posted by Alsacien

Not exactly the most optimal way of bringing detractors into to line though I would suggest.....

No, and as you say, it's all water under the bridge, so we'll never know. How they will get through the current crisis without shredding the gearbox will be interesting.

**Alsacien** · 10-11-2011, 15:19

Originally Posted by stacker1

But you agree there was plenty of choice?
If you doubt they gave it serious consideration why is it so hard to leave? They could have booted Greece out ages ago if they had an escape route.

Maybe in a years time we will bemoaning the gigantic cock up thats happening now.

Refer to my hand wringing comment.....

**Alsacien** · 10-11-2011, 15:24

Originally Posted by stacker1

So if they got nothing, would Greece be in default? Im asking you how it works.
How many people/companies/countries does it take to push Greece over the edge?
I just wondering whose interest it would be in to fuck them (and the euro) over. As someone said earlier people profit from disaster.

If I owe you a fiver and tell you I'll give you two fifty or you can get stuffed does that make me bankrupt?
No. It means I'm 5 quid better off which I should probably consider investing in legal training if this conversation continues.....

**stacker1** · 10-11-2011, 15:27

Originally Posted by Alsacien

If I owe you a fiver and tell you I'll give you two fifty or you can get stuffed does that make me bankrupt?
No. It means I'm 5 quid better off which I should probably consider investing in legal training if this conversation continues.....

I dont know how it works, that why im asking you, can Greece (like you) tell certain people to fuck off and not be regarded as defaulting (going bankrupt)?

**Brotherton Lad** · 10-11-2011, 15:29

Meanwhile, in the UK:

Chris Adams from the FT has tweeted on debt, this time it's the UK's:
Haven alert: 10-year UK gilt yield hits lowest since 1896: 2.106 pct... Osborne will love this

**Alsacien** · 10-11-2011, 15:41

Originally Posted by stacker1

I dont know how it works, that why im asking you, can Greece (like you) tell certain people to fuck off and not be regarded as defaulting (going bankrupt)?

I am not a lawyer, so I Googled it for you.

This is what I found:
Four legal tools to restructure Greek debt - IFLR - International Financial Law Review - October 2011