‘Endgame’ for eurozone approaching fast, warn analysts

We're all doomed!!

WW3 with Germany again in the driving seat?

I'm organizing a street party.

By foresight or luck, I'm glad Britain fought the Euro. What a silly concept...

The sooner this anti-democractic behemoth collapses the better

The end.....

Don't underestimate Germany's ability to do just enough to keep the euro intact, while still dragging its feet. This show could still run for longer than you think.

What's the betting that somehow Brussels will find a way to get UK to help the next and the next and the next bail out. The reality is that too many EU States have been spending money they haven't got and continually pouring more into the Brussels pot will mean that they will carry on just as before. Enough is enough. Norway & Switzerland to name but two stayed as associate members of the EU, as well as keeping out of the Euro. I don't know about the Norwegians, but I'll bet the Swiss aren't shelling out.

If banks write off 50% of Greek debt then there is a chance Greece might meet its interest obligations and even raise some new loans.

Then somebody (Governments?) have to support the banks with new capital.

This is a job for the Loan Ranger !

Don't underestimate the pride and potential loss of face at stake, on the part of the architects of this stupid project. Not to mention all those on the gravy train. They will continue to pour European taxpayers' money into a futile attempt to prop it up until the German public revolt.

I'm sure the Germans will figure something out and keep the Greeks from defaulting. The longer Greece hangs on, the longer the Euro stays weak, the better it suits Germany's exports. When Greece defaults, the Euro will strengthen and Germany (and the northern European countries in general) will start to take some pain. And the vultures will start circling the next likely victim - Portugal, Ireland ...

If basil fawlty had his time again it might just be 'don't mention the euro'. An utterly stupid project from the beginning!

I'm astonished that some people still believe this could work out well for anyone. But of course the orchestration of countless eu meetings and meaningless rhetoric has served the situation well - giving member states valuable time to bolster their national banks defences before ''goodbye Greece day''.

Just one more thing needed before pulling the plug - a scapegoat - it will be too difficult to pin this one on the bankers. Now who will the culprit be?

Anyway I believe the markets have already priced in this seemingly inevitability (perhaps with the exception of bank shares which have further to fall). The curtain is coming down anytime soon.

........ but of course it won't end there as in the next scene Italy takes over centre stage and becomes a bit more of a problem.

Join us again next month for part 2 - The re-emergence of the Lira.

Raz, you mean the Sloan Ranger, and her plastique!

john_r says Join us again next month for part 2 - The re-emergence of the Lira

All the Italians I know would echo that. They feel they were well and truly shafted pricewise and pine for the good old days when every Italian was a millionaire.

Can't wait for Greece to default/ reinstate the Drachma. Affordable holidays again in Greece and the Brits will flock there! Hey presto, Greece on its way back to solvency. The Eurocrats are probably still in denial about their pet project and won't allow the gravy train to be dismantled without a hell of a fight. We all know the destination for said vehicle is the creation by stealth of a country called Europe- a new Soviet Union-without the consent of Europe's peoples and in the face of hostility by them.

Too many politicians this side of the channel are equally in denial and they have to sharpen up pretty soon or find someone else is doing the poeple's bidding. The EU/ Euro have been a disastrous failure and the time has come for the fatal blow to be to be delivered.

Better off out

If you buying Greek Bonds with fantastic returns and can get the rest of the EEC to keep supporting Greece - just enough - you will continue to make a killing.... I wonder who could be doing this...... just make sure you get out if/before Greece defaults...... who would have the knowledge/power to do this.......... sad....... so sad for the ignorant tax payers.........

The banks have been buying buckets of Greek debt for the last three years in the knowledge that it is a no-brainer. They get huge returns and know that the tax payer will bail them out. Superb stuff for the European bankers. It looks like it is coming to a grizzly end though. Who cares, they have had their largely uninterrupted bonus payments the last few years. They can sit tight and ride out the mess and surface again in two or three years to make hay again.

Look - I'm just a simple guy who understands that if I don't have the money to buy something then I need to borrow it at a rate I can afford.

When I apply for such a loan I am "checked and balanced" by the potential lender who quite rightly needs to assure himself of my ability to pay.

OK so far?

Right - who the hell was doing the checks and balances on those halfwit southern EU states who have obviously been spending beyond their means?

Who supplied the dosh?!!!

As I've questioned before on this blog, who on earth wants to join a club with a bunch of losers like Greece et-al ? This was an accident waiting to happen and it's about time the Brussels gravy train was closed down for good.

How the hell Merkel is getting away with all this without a revolution in Germany is beyond me!!

Mr Ssinnic sends Mr Grumpy his esteemed compliments and agrees with Mr Grumpy, but wonders if Mr Grumpy would like to see and end to the following:

(1) Membership of the EU for political purposes, only retaining trading links, and

(2) agreement to accept the decisions of the European Court of Justice, and,(3) agreement to accept free movement of immigration from any member state of the EU.

And also Mr Ssinnic wants an end to "Human Rights" enslavement of the majority by the few!

Although it is not in remit of the UK government, I suspect the vast majority of England's voting public dearly want to see the demise of the EU the euro and all the crooks of various nations who have been robbing their taxpayers with false expenses claims, et al. Then, at least within the geography of Europe we could have what was always wanted but denied us by devious and inept politicians(nothing has changed)an unfettered market place. For years the Greeks have received hundreds of millions of euros for non existent olive groves, millionaires paid little or no tax and wasted millions on spats with Turkey. Let the Greeks, Italians and Irish take the medicine due for living beyond their means since the EU was set up. Let the UK thank its lucky stars that the Conservatives are in power - the only party capable of clearing up the debt crisis inherited from Labour's Blair and Brown, the two architects of the banking failure and the spending of £15bn on two failed wars and £5bn on an aircraft carrier that wont see service(if ever) until 2025.

Like Leander, I'm looking forward to Greece reverting to a low-valued drachma so that we can once again enjoy lovely cheap holidays in that captivating country. It will hardly be able to cope with the demand from Britons and others and should soon trade its way back to solvency, provided its citizens can kick the habit of retiring at 50 on pensions worth 85% of final salary (or whatever). The Euro always seemed an unlikely 'one-size-fits-all' project and our staying out of it is the one policy for which we can thank Broon.

There was a time when the world feared the Greeks. Those times are here again!

make sure that you check that your foreign currencies are with a safe bank

The EU has grown too big, taking in a lot of losers just to enlarge the power of its tyranny.

Time to shrink it, and not let the Turks join in.