EU blunder: How Macron’s North Macedonia snub hands huge boost to Russia and China

[Petros Houhoulis]

That's exactly what Britain is exploring post brexit

Britain AIN'T LANDLOCKED for starters, and of course it shall continue trading with Europe, it won't join the Eurasian Union anytime soon, not even under Johnson...

[Crn Volk]

Obviously, they don't care.

Half of Europe doesnt want anymore enlargement.

So I guess we're entering NATO because of our military power.

[Petros Houhoulis]

No, what they do care about is Russian and Chinese influence in Europe

Maybe we'll stop calling your lands Europe and solve the problem once and for all. What are you gonna do anyway???

[Petros Houhoulis]

So I guess we're entering NATO because of our military power.

No, you are entering NATO because you are irrelevant, and so is NATO...

[Crn Volk]

Maybe we'll stop calling your lands Europe and solve the problem once and for all. What are you gonna do anyway???

Who's we? Just pay your debts and get back on that ship. It's boarding

[Crn Volk]

No, you are entering NATO because you are irrelevant, and so is NATO...

So Greece should exit NATO?

[Petros Houhoulis]

EMMANUEL MACRON did the right decision as far as I can tell. Other than the unconstitutional taking power and changing our name the Zaev government did nothing to deserve the EU accession negotiations. In the contrary it has been involved in criminal activities using the political power for personal gains. EMMANUEL MACRON preserved the use of Malakedonia internally and saved our history from the Bulgarian aspirations. I am glad that he did THAT.

In my opinion Eurasian Economic Union was a good and right move by Serbia. EU declared that Serbia will have to leave Eurasian Economic Union once admitted in EU, but until that happen (if ever) Serbia can be part of Eurasian Economic Union. For Malakedonia EU declared that Malakedonia can have good political relations with Russia and good economic relations with China. Once Malakedonia is admitted in the EU (if ever)

KURRË

it has to comply with the EU policy. Until then Malakedonia has options, consider UK (is leaving), Norway and Switzerland are not part of EU so adding to that the other West Balkan countries Makakedonia is not alone.

JO, SHQIPËRIA TE DASHURON TY, DHE DO JU QIJ.

[Petros Houhoulis]

Who's we? Just pay your debts and get back on that ship. It's boarding

Nah, why pay our debts? They pay us to borrow their money nowadays!!!

https://www.bloomberg.com/news/artic...onth-bill-sale

Even Greece Is Getting Paid to Borrow Money in Debt Markets

By Michael Hunter

October 9, 2019, 12:22 PM GMT+3 Updated on October 9, 2019, 2:25 PM GMT+3

• Negative yields reach euro area’s most-indebted nation
  
  
• Current yields don’t reflect bond risks, Newton’s Day says
  

2:31


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Greece, the one-time bond-market pariah at the heart of Europe’s sovereign debt crisis, just completed a transformative journey by joining the region’s negative-yield club.
Investors are now paying for the privilege of lending it cash. A sale of 487.5 million euros ($535 million) of 13-week bills Wednesday drew a yield of minus 0.02%. Greece joins the likes of Ireland, Italy and Spain benefitting from the European Central Bank’s supportive monetary policy and deepening fears of a global recession.
It’s a stark turnaround for the euro area’s most-indebted member, which was forced to accept the biggest bond restructuring in history in March 2012 as Greece’s membership of the currency bloc came into doubt. Now the region is grappling with an altogether different problem -- the spread of negative yields, which reduces borrowing costs for governments but threatens to harm savers, pension funds and insurers.


Jon Day, a fixed-income portfolio manager at Newton Investment Management, said the move was “another symptom” of the “global grab for yield, especially in euro-denominated bonds,” pointing out that short-dated Greek bonds were previously one of the few government markets where a positive return was on offer.

“There remain substantial risks around Greece’s financial position and it remains vulnerable to a significant economic slowdown,” he said. “Current yields on their bonds do not reflect this risk.”

The trend for negative yields comes after the ECB cut interest rates deeper into negative territory and said it would restart its bond-buying economic stimulus known as quantitative easing. Investors are also looking toward fiscal stimulus as the ability of monetary policy to stoke growth is tested to its limits.
Side Effects

Greece’s government is forecasting 2.8% economic growth in 2020, which it says puts it on track to meet a budget target agreed with creditors while still enacting tax relief measures. The nation also took advantage of record-low borrowing costs by selling 10-year bonds this week at a yield of 1.5%.

“Greece issuing negative-yielding bills is more evidence of the positive effect that negative interest rates and QE has on debt sustainability for governments,” said Peter Chatwell, head of European rates strategy at Mizuho International Plc in London. “Side effects are large for banks and investors, but for the governments there are very significant benefits.”
— With assistance by John Ainger

[Petros Houhoulis]

So Greece should exit NATO?

Better to destroy NATO, with the help of president Trump, of course...

[Crn Volk]

Russia invites Macedonia and Albania to the EEU

https://europeanwesternbalkans.com/2...n-eeu-instead/