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These 64 comments are related to the topic:
Effects of Greece exiting Euro
Effects of Greece exiting Euro
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Replies: 64
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200 point drop over 2 days ....recovered in a few days.
the real problems should be in a year or so when eu migration reverses due to the eurozone picking up. |
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Thank you for the link Wesdag.
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no probs
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Going to very northern Greece so it probably wont be like Athens if any street protests start.
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You want to ask Goldman Sachs. They know a lot about this. Check out who sits on the various banking organisation boards
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pretty steady on the markets. some movement nothing extra-ordinary
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There is talk that the Greeks might move more towards the Russians if they exit the Euro. This will put the cat amongst the pigeons.
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Hoping they pay off IMF with Russian money tomorrow
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I hope they throw a big spanner in works for the EU.
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Juncker "I like the Greeks very much & I tell them they shouldn't commit suicide because of fear of dying. They should say yes to Europe"
implying the referendum is a choice between suicide or death.  |
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According to Greg Palast IMF/World Bank loans have an average of 111 conditions attached.
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A few less than Wonga then..
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How are they going to pay us back? I reckon we should take one or two islands as a down payment
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I wish Rightmove would update their pages.
Looked at a place in Portugal yesterday, this can't be right. 145,000 Euros or £82,125 |
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the MoU has over 1000 conditions, but that is old troika, and they want to fook that off. World bank is not involved in bailing out countries
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Oi Brendan i've got a few Drachma (ouzo stained - i think) stowed away, do ye think they will change the note when it comes back?
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who knows, might be quickest if the original printing plates still exist i suppose
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Coool. I may get a holiday out of it..
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interesting to see how the market reacts tomoz ...
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should be a bit of fun.
think another 100 pts knocked off the ftse maybe 200. then the usual rise. see it heading back to 7000 by the autumn. then get out as i see big problems ahead |
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....any sign of trouble Draghi will simply up the QE...in both quantity and scope.....he already expanded the scope of the bond assets that could be purchased.. did this on July 2nd..coincidence??
(socialise bad debts/poor investments/losses...never done for profits though...strange that) ..anyway while QE is up and running I don't expect any major shocks.... ..unless something hidden away unwinds....which they may blame on Greece anyway.... ..like the 55 trillion euros in derivatives Deutschebank is holding (around 75 trillion US dollars) start to unwind!!! To put this in perspective German GDP output is around 3 trillion euros and the Eurozone as a whole 10 trillion euros.....yikes!!! ..but I agree with G1Jockey there is huge trouble ahead....a systemic breakdown in the financial system sooner or later imo...where fiat currency essentially becomes worthless and a reset has to take place..... I see it later....I think in the Autumn or by next spring the Fed will fire up QE 4....which together with the ECB QE will kick the can and delay the inevitable for a while at least.......yep. After all....you cant taper a Ponzi scheme!!!! Oh...and as an aside.......Interest rates can never return to "normal"...all Western governments KNOW this.....even a modest rise in rates will blow the bond markets and make repayments unsustainable. We are in effect in a managed recession/bordering on depression.....once all QE stops and/or interest are forced to normal....just as taking a patient who doesn't look too bad on intensive care off support.... ..the true nature of the patient is revealed!!!! |
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shanghai stock market down 1.5 trillion in three weeks ,Euro starting to do the job it was created for
a few more tweeks and Eureka Europa UK interest rates cant rise for the foreseeable ,more cuts a good thing ,cruel to be kind . ffs egner ...thats a lot to digest ,....profits are never socialized ,they are only ever privatised  |
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..seems pretty straightforward to breadnbuter
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If Draghi wants more QE, the Germans will leave the euro and go back to the mark. Without QE Spain and Italy would be in same boat as Greece.
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"If Draghi wants more QE, the Germans will leave the euro and go back to the mark. Without QE Spain and Italy would be in same boat as Greece"
..yes acc...and may still be in the same boat even with QE if certain off balance sheet liabilities crystallize for some of their or other Eurozone countries banks. ..Germans will be loathe to go back to the Mark and finish off the euro project imo...their economy..... and especially their exports have benefitted soooo much from the Euro.... ..so may even say at the detriment of the weaker countries!!!! |