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#177 | |||
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I Cant Breathe
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When the crisis came, the IMF provided bailout funds to Greece on the condition that it introduce painful economic reforms, which have kept it in economic depression ever since. However, going against IMF rules, these reforms were enforced without the offer of debt relief, despite the clear unsustainability of Greece’s long-term debt. Greeks saw their wages and welfare benefits slashed, further reducing the country’s ability to service its debt. As a result, the Greek economy has shrunk by roughly 30 per cent in the past six years. Eventually, in 2012, a plan for restructuring was agreed. But by then, the damage had been done. Greece’s debt obligations were spiralling out of control.
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![]() Spoiler: Last edited by Denver; 14-03-2017 at 08:39 PM. |
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#178 | |||
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Niamh | Hands off my Brick!
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And what have happened to Greece if they werent in the EU and got no bail out when recession hit?
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#180 | |||
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I Cant Breathe
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So why didn’t the IMF follow its usual course of action and offer some debt relief to beleaguered Greece? As the report notes, the IMF recognised in 2013 that ‘upfront debt restructuring would have been better for Greece’. However, this did not go ahead because it was deemed ‘not acceptable to the Euro partners’. Brussels, the report admits, was not prepared to risk revealing the unviability of the Eurozone project. The IMF duly obliged. Greece’s economy – and the people and businesses that comprise it – were to be sacrificed, lest the weakness of the Euro become clear.
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#181 | |||
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laura carter stan
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#182 | ||
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User banned
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Nicola sturgeon is a hypocrite. Got her knickers in a right twist about Britain voting for independence from Europe but pushing for independence from Britain when half of Scots don't want it.
It' s about what she wants , not Scotland, Britain or anyone else. |
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#183 | |||
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I Cant Breathe
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#185 | |||
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laura carter stan
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Well for one, it's been in the EU for the past 30 or so years so already adheres to EU laws and regulations.
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#187 | |||
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Cherie | This Witch doesn't burn
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Quote:
![]() Spain says independent Scotland would be at back of the EU queue ‘We prefer things to stay as they are,’ foreign minister says. By CYNTHIA KROET 3/14/17, 1:41 PM CET Updated 3/14/17, 3:54 PM CET Spanish Foreign Minister Alfonso Dastis on Tuesday said an independent Scotland would be at the back of the queue if it wants to join the European Union. “Spain supports the integrity of the United Kingdom and does not encourage secession or divisions in any of the member states. We prefer things to stay as they are,” Dastis said, according to the Guardian. The minister, on a visit to Latin America, was asked about Scottish First Minister Nicola Sturgeon’s announcement Monday that she intends to hold a second independence referendum and wants Scots to vote on their future in the EU before the U.K. leaves the bloc. Dastis said Scotland “would have to queue, meet the requirements for entry, hold negotiations and the result would be that these negotiations would take place.” |
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#188 | |||
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laura carter stan
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#189 | |||
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I Cant Breathe
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Scotland can not finacially give anything towards the EU
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#195 | |||
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laura carter stan
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Lots of EU figures have said the same thing including the head negotiator Guy (forgot his second name).
Last edited by Greg!; 14-03-2017 at 09:09 PM. |
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#196 | |||
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laura carter stan
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Quote:
http://www.dailyrecord.co.uk/news/po...es-8796253.amp Last edited by Greg!; 14-03-2017 at 09:09 PM. |
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#200 | |||
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laura carter stan
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Incorrect! Lots of prominent people from loads of countries have said it would be straightforward for Scotland to get in. No one from any European government have said they'd veto Scotland's entry
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