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Greece...
Comments
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Thrugelmir wrote: »If it goes. Then Europe may well destabilise. Rocking the UK boat as well. Plenty of UK bank exposure to Eire.
Does anyone else assign particular 'voices' to the regular posters on here? Whenever I read one of Thrugelmir's doom-laden posts I assign him the Voice of the Mysterons in my head.
No? Just me then. :rotfl:0 -
RenovationMan wrote: »Does anyone else assign particular 'voices' to the regular posters on here? Whenever I read one of Thrugelmir's doom-laden posts I assign him the Voice of the Mysterons in my head.
No? Just me then. :rotfl:
So if Greece exits, it's gonna be hunky dory?
Why do you think they have been throwing quite so much money at it?0 -
RenovationMan wrote: »Does anyone else assign particular 'voices' to the regular posters on here? Whenever I read one of Thrugelmir's doom-laden posts I assign him the Voice of the Mysterons in my head.
No? Just me then. :rotfl:
Seen to many people fall off their ladders RenoMan in my lifetime. ;
Surprised you are so relaxed considering your winning bet relies on low interest rates and house prices remaining high. Be a double whammy if Lehmans 2 was to impact on the European financial system.
JPM may not so be keen on the UK banks securitised mortgage offerings.0 -
Greek depositors withdrew €700 million ($898 million) from local banks on Monday, the country's president said, as he warned that the situation facing Greece's lenders was very difficult.
In a transcript of remarks by President Karolos Papoulias to Greek political leaders that was released Tuesday, Mr. Papoulias said that withdrawals plus buy orders received by Greek banks for German bunds totalled some 800 million.
Citing a conversation he had with Greek Central Bank Governor George Provopoulos, Mr. Papoulias said "that the strength of banks is very weak right now."
WSJ
Tick Tock, Tick Tock!There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »Greek depositors withdrew €700 million ($898 million) from local banks on Monday, the country's president said, as he warned that the situation facing Greece's lenders was very difficult.
In a transcript of remarks by President Karolos Papoulias to Greek political leaders that was released Tuesday, Mr. Papoulias said that withdrawals plus buy orders received by Greek banks for German bunds totalled some 800 million.
Citing a conversation he had with Greek Central Bank Governor George Provopoulos, Mr. Papoulias said "that the strength of banks is very weak right now."
WSJ
Tick Tock, Tick Tock!
At that rate of withdrawal will Greece be able to hold on till the elections are rerun in the middle of June? or does hell risk breaking lose before then.[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
At that rate of withdrawal will Greece be able to hold on till the elections are rerun in the middle of June? or does hell risk breaking lose before then.
Maybe Robert Peston knows the answer to that one!
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
All seems strange to me
I can't understand why anyone with a choice would hold any money in a Greek bank.
Maybe the Greeks really are in a total state of denial.0 -
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Philip Atticus has updated his blog again. It is getting very bearish now:
http://www.philip-atticus.com/
I find the forecast of attacks on journalists, bankers, university professors, etc, very worrying. This is not presented as a given, rather something that could happen if the current path is continued.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Thrugelmir wrote: »Surprised you are so relaxed considering your winning bet relies on low interest rates and house prices remaining high. Be a double whammy if Lehmans 2 was to impact on the European financial system.
What do you suggest I do about it? Hop on a plane and knock the Greek's and German's head together? Do you really think I'm a World's statesman?
Should I sit and fret and worry about something I can do nothing about or just think that the world will continue to turn and that I'm in a much better finanial position than most people, so if I go under the majority of the UK population will go with me. Perhaps we can have a party in our cardboard boxes under the viaduct.
On a more serious note, it's widely recognised that the people who survive disasters are the more optimistic ones. The depressives are the first to give up and die. Something you might want to think about if your appocalyptic dream comes true.
p.s. why does my 'winning bet' rely on house prices remaining high?0
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