They are trying to boost the ND-PASOK with these rumors\.
Many Greeks want to stay in Euro and EU and all the demagogic rhetoric and propaganda these days is how Syriza would cause Greece to exit Euro.....
Breatannach Romanus
Re: Greek default this year
They are trying to boost the ND-PASOK with these rumors\.
Many Greeks want to stay in Euro and EU and all the demagogic rhetoric and propaganda these days is how Syriza would cause Greece to exit Euro.....
Quem faz injúria vil e sem razão,Com forças e poder em que está posto,Não vence; que a vitória verdadeira É saber ter justiça nua e inteira-He who, solely to oppress,Employs or martial force, or power, achieves No victory; but a true victory Is gained,when justice triumphs and prevails.
Luís de Camões
Senator
Re: Greek default this year
Greeks have been pulling 700 million Euros a day out of the banks since May 7th, looks like they are hedging their bets.
In the garb of old Gaul, with the fire of old Rome,
From the heath-covered mountains of Scotia we come;
Our loud-sounding pipe breathes the true martial strain,
And our hearts still the old Scottish valour retain.
Comes Rei Militaris
Re: Greek default this year
I heard that was true for monday and tuesday, but did it keep up? Was it also true for previous days too? Some link would help.Originally Posted by selder
alhoon is not a member of the infamous Hoons: a (fictional) nazi-sympathizer KKK clan. Of course, no Hoon would openly admit affiliation to the uninitiated.
"Angry Uncle Gordon" describes me well.
_______________________________________________________
Beta-tester for Darthmod Empire, the default modification for Empire Total War that does not ask for your money behind patreon.
Developer of Causa Belli submod for Darthmod, headed by Hammeredalways and a ton of other people.
Developer of LtC: Random maps submod for Lands to Conquer (that brings a multitude of random maps and other features).
Senator
Re: Greek default this year
well I read it in the economist earlier this week I will try to find, but here is one that suggest it is more like a billion Euros a day...
economist
looks like they are making a run, at least the fat cats have already done so...
Last edited by selder; May 18, 2012 at 09:47 PM.
In the garb of old Gaul, with the fire of old Rome,
From the heath-covered mountains of Scotia we come;
Our loud-sounding pipe breathes the true martial strain,
And our hearts still the old Scottish valour retain.
Comes Rei Militaris
Re: Greek default this year
Oh, that's so great... before we default, there will be no money in the banks = cash shortages.
alhoon is not a member of the infamous Hoons: a (fictional) nazi-sympathizer KKK clan. Of course, no Hoon would openly admit affiliation to the uninitiated.
"Angry Uncle Gordon" describes me well.
_______________________________________________________
Beta-tester for Darthmod Empire, the default modification for Empire Total War that does not ask for your money behind patreon.
Developer of Causa Belli submod for Darthmod, headed by Hammeredalways and a ton of other people.
Developer of LtC: Random maps submod for Lands to Conquer (that brings a multitude of random maps and other features).
Dux Limitis
Re: Greek default this year
Leman Brothers isn't a inconsequential europeon microstate, the Euro wont collapse because of greece and if it does how would it affect the US? BMWs will drastically decrease in price?
Euros always over exaggerate their influence on the US.
This doesn't even compare at all. A group that has massive influence in the US compared to a foreign currency? Really? Learn economics please. The US has recovered and the EU is still suffering greatly it seems. So I guess "leman brothers" has affected you more?
Like I said, the Euro collapsing would "shock" people for a couple of weeks and after that the dow would climb back up to 13k and everyone in the US will forget it happened. Inconsequential. Not typical doom and gloom TWC child-like views of the world that always end up being wrong. Its funny because my opinions on these doom and gloom predictions (they are childlike lies from people who play too many video games) has been correct 100% of the time on this forum. I will be absolutely correct again and quote this with a "i told you so" as I always am 100% of the time. Had to repeat that because its just that true. I will again and again. NK, Iran, the economy I must have a godlike divination of the future. Oh no, its just that I operate by logic not fear mongering. So far i've been right about Greece this whole time as well..... odd. Maybe you should elect me King for my clairvoyant insight.
Namedrop another completely unrelated incident from random words you heard from your news and your Total War economic prowess.
Last edited by Kanaric; May 19, 2012 at 02:19 AM.
Swear filters are for sites run by immature children.
Comes Rei Militaris
Re: Greek default this year
... and the Greek (economist) guy got up, and said, what can I tell you? We spent a lot of money, we had a really good time; (pause) and probably if you bail us out, we'll do it again ...
To me, it seems rather simple; Germany, they export cars, Japanese televisions. The Greeks, philosophy and yogurt; how are you going to make money? I blame the British for the whole Greek thing, because between the Elgin Marbles and George Michael, the British have pretty much got everything of value that the Greeks have.
Sandi Toksvig
News Quiz 18th May 2012 // 03:30
Last edited by Condottiere 40K; May 19, 2012 at 03:16 AM.
Eats, shoots, and leaves.
Artifex
Re: Greek default this year
It seems the Irish banks are in trouble again due to exposure to Greek and Spanish banks.
They will be looking for another bail out, 5 billion euro,s is the starting figure.
Main german bank gave out that info on Bloomburg.
The Irish banks are also looking to get rid of some 7000 employee,s.
No wonder the Irish government is pushing hard for a yes vote in the referendum on the fiscal treaty.
They want to get a hand on the new bailout funds, Seems we will never get out of this debt business.
We will have to build a permanent residence for the Troika.
The EU is pressing ahead with sanctions on Iranian oil while Obama wants them held back.
He does not want another spike on oil prices while the elections are going on.
Typical EU. One side is fighting a debt and economic crisis, The other is adding to economic trouble,s.
sponsered by the noble Prisca
Primicerius
Re: Greek default this year
Europe's debt mountain which continues to grow, can't be sustained anymore by bailout funds, this has become obvious in the last month or so. Further bailout funds are needed by Greece, Spain and Ireland and where is this finance going to come from? I can see a German Chancellor worried about the strains this is having on the German finances and wanting to cut Greece loose to lighten the load. Greeks voted for no austerity but still want to be part of the Euro which isn't a practicality given that its economy is so much weaker than the other nations. Despite the statements made in Washington yesterday, that the EU might look at whether a limited amount of spending might be instigated as an alternative to drastic reductions in public expenditure. It is unlikely to involve Greece in my opinion because of the lack of available funding. However absence of Greece from the Euro, might help increase the strength of the Euro and free up extra capital to keep the Euro tug boat jugging along a little longer.
So this revised plan which they must be at least discussing now behind closed doors if not working on, won't be announced until next month after the Greek election. Greek voters will therefore be given the choice of accepting the austerity measures already agreed without revision or rejecting them and leaving the Euro. With EU ministers crossing their fingers behind their backs that it will be the latter, despite what's said publicly.
It's a difficult decision but there are those like myself, who say that Greeks should make their decision knowing that the Euro's future is very doubtful indeed and that it might only be a matter of months before the likes of Spain and Portugal find themselves in a similar position. So its either jump out of the sinking Euro ship to keep it afloat a little longer, so that it may reach calmer waters in the next 12 months. Or everybody sinks together slowly. The leaving of the Euro won't be made easy on the Greeks though, not because Merkel and company don't want Greece to leave, it's because they don't want other countries to follow, as the impact would be substantial. Greeks need to rally together now whatever their politics because those who are holding their country up are getting ready to drop it and it's a case of sink or swim without an EU float.
Spoiler Alert, click show to read:
Last edited by caratacus; May 19, 2012 at 09:10 AM.
Vicarius Provinciae
Re: Greek default this year
Go learn: Grammar, Geography and do some reading on Economics. Also take that chip off your shoulder.
BLM - ANTIFA - A.C.A.B. - ANARCHY - ANTI-NATIONALISM
Campidoctor
Re: Greek default this year
@Kanaric
The teenage doom and gloomers on the internet about the Greek (and euro) crisis are now backed by top Euro polititians and central bankers, US president, UK prime minister, famous economists like Roubini and Krugman, influental stock and bondtraders, rating agency and giant financial institution spokes men, and practically ALL the biggest newspapers and TV media. It's pretty amazing how one could miss the headlines the last week at least. All expressing MAJOR concern of what will happen in case of a Greek exit from the Eurozone and the effects to the other troubled countries and their banks.
But I guess you know something the rest of us don't..
Re: Greek default this year
For the entire finances paradigme it would be an utter catastrophy, even for the Americans seeing all of them CDS sold by American nationalized insitutions like AIG(....).
Comes Rei Militaris
Re: Greek default this year
What do you mean Thorn and Platon?
You can't possibly mean that Kanaric doesn't know better than the majority of economists and policy makers around the world, can you?
alhoon is not a member of the infamous Hoons: a (fictional) nazi-sympathizer KKK clan. Of course, no Hoon would openly admit affiliation to the uninitiated.
"Angry Uncle Gordon" describes me well.
_______________________________________________________
Beta-tester for Darthmod Empire, the default modification for Empire Total War that does not ask for your money behind patreon.
Developer of Causa Belli submod for Darthmod, headed by Hammeredalways and a ton of other people.
Developer of LtC: Random maps submod for Lands to Conquer (that brings a multitude of random maps and other features).
Dux Limitis
Re: Greek default this year
Greeks lecturing me on economics and telling me that I need to do research? People who think money comes out of thin air?
Basic research..... really? That is all you can say? Basic research? Guess you have nothing to say at all then, glad you have failed to discuss even the simplest of matters in regards to your state. Then again, this is a Greek thread. It should be expected. They teach fantasy economics over there. Now resort to telling me how powerful and proud this nation is and that I will rue the day I have insulted your honor.
When someone says "do some basic research" as the entire basis of their argument it makes me wonder if they have ever even opened a book.
Last edited by Kanaric; May 19, 2012 at 04:52 PM.
Swear filters are for sites run by immature children.
Re: Greek default this year
Yes, no astronomic liabilities at stake at all. No inter-bank lending network that needs continual govt propping up at all. Nothing of the sort. Just the hand of god making sure everything is fine and only failing lazy people get what they deserve.
Dux Limitis
Re: Greek default this year
m/t
Swear filters are for sites run by immature children.
Rex Regum
Re: Greek default this year
I'm sure this is Obama's opinion as well...
Under the patronage of Emperor Maximinus Thrax
"Steps to be taken in case Russia should be forced out of war considered. Various movements [of ] troops to and from different fronts necessary to meeting possible contingencies discussed. Conference also weighed political, economic, and moral effect both upon Central and Allied powers under most unfavorable aspect from Allied point of view. General conclusions reached were necessity for adoption of purely defensive attitude on all secondary fronts and withdrawing surplus troops for duty on western front. By thus strengthening western front [those attending] believed Allies could hold until American forces arrive in numbers sufficient to gain ascendancy."
~General Pershing, report to Washington, 26 July 1917
Praeses
Re: Greek default this year
I think the CDS were paid out after the latest debt haircut.
Campidoctor
Re: Greek default this year
Well, in the US, the federal government just prints dollars night and day. That is money out of thin air. At least figuratively.
What makes a real American? A cowboy hat? Enjoying a fine T-bone
steak? Going to a baseball game? Shooting a gun? Maybe it’s the freedom to go
into a poor country and tell them how to do things?! Heh! Those are all great
qualities! But one thing that makes a true patriot is the ability to choose
an American car! When you buy an import you take a hot meal off a hard
working American’s table. There, there! This poor girl is going
to starve to death, just because you bought a cheaper, more efficient
Maibazu. Without gross symbols of excess, what will Americans have to look up
to? Our great industries is a threaten! Cars, pornography, armaments! And
they need your help! So the next time you buy a car, a piece of adult
literature or a missile defense system! Make sure you do the American thing!
Senator
Re: Greek default this year
I hope this isn't what they meant by New World Order...I liked the old one better, people seemed happier then.
In the garb of old Gaul, with the fire of old Rome,
From the heath-covered mountains of Scotia we come;
Our loud-sounding pipe breathes the true martial strain,
And our hearts still the old Scottish valour retain.
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