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That is wishful thinking HT. To even get close to any final resolution the creditors will need to write off some of the Greek debt. The IMF have made that point abundantly clear, in their own analysis, albeit debt "restructuring" by the creditors could see the Greeks not having to face demands...

Completely agree. The whole referendum peice I agreed with, and whilst Greece was always going to have pain, I thought he was holding out for a concession on the debt, which is the only way Greece has the hope of a viable and sustainable future. To (seemingly) not get this concession seems...

This should be much bigger news than it appears to be. http://www.nytimes.com/2015/07/15/upshot/the-imf-is-telling-europe-the-euro-doesnt-work.html?action=click&contentCollection=International%20Business&module=MostEmailed&version=Full®ion=Marginalia&src=me&pgtype=article&abt=0002&abg=0 The...

I think Brown could take more credit than Blair however both actively campaigned for the UK to join the euro, hence Hague adopted the £ to brand his tory election campaign against Labour. The reticence of the general public at that time to join to euro was a far more significant factor...

I think this may have happened before, it didn't end well.

I agree the bank exposure (across all the banks exposed) has been managed over last few years, however the German banks still have the greatest both in terms of lending and the purchase of Greek debt. In comparison to Italy, Spain and France the Germans hold the ace cards economically and...

You are right, however Spain, France, Italy et al could not take the cancellation of debt like the asset rich and much wealthier Germans can. The German banks are far more exposed than others by some margin; if the Greek debt is cancelled the German taxpayers will just need to bail them out for...

You either support the genuine socialists like Jeremy Corbyn and a policy of debt cancellation of Greek debt by the EU (essentially the Germans) or you don't. You have enthusiastically supported the policy of the EU and German Govt so far, so evidently you don't want any of the debt cancelled...

Well surely for someone with your view on socialism in Europe, and that the British working class should not be protected at the expense of the European working class peers seeking to access the British labour market, your view that the Greek working class should not be protected and thrown to...

Interestingly, the Finns have a particularly hard line Eurosceptic Finance Minister, who, whilst I am sure won’t cut his country’s nose off to spite its economic face, he will undoubtedly have a different political agenda to his more Europhile peers...

Both sides have an awful lot in common................they both broke the rules................to quote a man from a few years back, "they sowed the wind". Even the German press says so...

That's very kind of you. I know what you mean, however I think you need to learn from the conduct of the hundreds of thousands of new Europeans arriving on the continent these days. They manage to get to Europe from the for corners of the globe, the final leg of which is often a free water...

Absolutely it's not as if we don't know where we are both coming from, your candour on this issues is always refreshing. When my lifeless head is on the stake outside the HoP could you nail a sign to my skull........something like: "He wanted farm produce to be sold in pounds and ounces"...

I have not done research, however the savings were not protected if they were in Icelandic Kronur, because as a consequence of the crisis it fell against sharply against all global currencies. Accordingly, the cost of imports increased to Iceland which in turn increased the cost of living which...

Sure, I will get myself an orange boiler suit to make it authentic for you.

It may be melodramatic to put it this way, however I would rather have my head cut off than spend a life on my knees to the whims of global capitalists and unelected foreigners. If in economic terms the options are poor and free or richer but enslaved then I will enjoy my daily gruel. For the...

I don't disagree, however I guess we are now at the final destination of a long winding journey that began when the euro was first created. If it wasn't Greece now it would be something else in the future, the point is you cannot square this economic crisis without a political mandate. The...

This is true to a point, however the most pro EU party in the UK is the LibDems, and how did they fair at the last election? Further how did Labour do in their Scottish heartlands in the last election? The British electorate can change the destiny of their country if they want. In the EU we...

I think there are some nuances in my views on the EU that you may miss, the points I have made recently on this thread is a case in point. The issue I reguarly have is with the politicains, (both domestic and at EU level) and their blind commitment to the EU project, even when as we can see...

Entirely fair point, and the democratic angle here is one that is constantly overlooked by the media and other commentators in relation to the crisis. On C4 last night Paul Mason revealed how following a meeting in Greece between the Parliametary Parties and "EU representatives" a pro EU party...