We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Greece...
Options
Comments
-
The Greek Government makes Bliar look positively Thatcherite. Hang on.....he was.....illegitimi non carborundum0
-
Fortunately it doesn't look like UK is on the hook for much of any Greek haircut or writeoff.People on the left arguing Greece ought to be let off it's debts and then in the next breath moaning that pension annuity returns are too low. They don't seem to realise annuity income is largely interest on loans to Governments and that any write down of debt has an effect on annuity income.illegitimi non carborundum0 -
how is the can kicking doing? it must be getting to the stage of needing a new can soon due to wear surely?0
-
how is the can kicking doing? it must be getting to the stage of needing a new can soon due to wear surely?
There are suggestions that patience is beginning to wear thin.
Europe gets tough with Greece ahead of crunch EU summit
http://www.telegraph.co.uk/finance/economics/11482573/Europe-gets-tough-with-Greece.html
Interesting if only because it has that Oxford Economics sourced chart showing what is supposed to happen to Greece if there is Grexit, as well as another one showing the pressure on the Greek banking system.0 -
Apparently, Greece is going to Grexit and adopt the Bitcoin as its new currency:
http://www.breitbart.com/national-security/2015/04/03/greece-considers-switching-to-drachma-or-maybe-bitcoin-who-knows/
(Turned out to be an April Fools joke)
or perhaps Grexit and go back to the Drachma:
http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QqQIwAA&url=http%3A%2F%2Fwww.telegraph.co.uk%2Ffinance%2Feconomics%2F11513341%2FGreece-draws-up-drachma-plans-prepares-to-miss-IMF-payment.html&ei=dpIfVZqlGqTGmAXL34HYDw&usg=AFQjCNFHPuKKFEFA0h13XLyIVGhF963Tjg&sig2=-2VGlQ7JxBx-g6Z3twBh_Q&bvm=bv.89947451,d.dGY
(all very drachmatic)
or just pay it's creditors in the normal way:
http://www.reuters.com/article/2015/04/03/us-eurozone-greece-payment-idUSKBN0MU0M620150403
Or perhaps it needs Russian help to pay:
http://www.irishtimes.com/business/economy/greece-looks-to-putin-as-standoff-in-eu-puts-repayment-in-doubt-1.2163054
Or maybe Russia turned Greece down:
http://www.bloomberg.com/news/articles/2015-04-03/putin-tsipras-to-discuss-eu-s-anti-russia-sanctions-next-week
Anyway, it doesn't matter because it's all about Italy anyway:
http://www.wsj.com/articles/italy-not-greece-at-heart-of-euro-questionheard-on-the-street-1427986756
I'm glad that these leviathans of financial reporting, Bloomberg, Reuters, The Torygraph, The WSJ, understand what's going on because if they weren't there to explain it what hope would us ordinary mortals have?0 -
how is the can kicking doing? it must be getting to the stage of needing a new can soon due to wear surely?
Hopefully there are still yet more opportunities to sell a bit of my ftse tracker when they think things look better (read stick their heads in the sand, again) and then buy it back again when things look bleak (read reality check, again).Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Apparently, Greece is going to Grexit and adopt the Bitcoin as its new currency:
http://www.breitbart.com/national-security/2015/04/03/greece-considers-switching-to-drachma-or-maybe-bitcoin-who-knows/
(Turned out to be an April Fools joke)
or perhaps Grexit and go back to the Drachma:
http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QqQIwAA&url=http%3A%2F%2Fwww.telegraph.co.uk%2Ffinance%2Feconomics%2F11513341%2FGreece-draws-up-drachma-plans-prepares-to-miss-IMF-payment.html&ei=dpIfVZqlGqTGmAXL34HYDw&usg=AFQjCNFHPuKKFEFA0h13XLyIVGhF963Tjg&sig2=-2VGlQ7JxBx-g6Z3twBh_Q&bvm=bv.89947451,d.dGY
(all very drachmatic)
or just pay it's creditors in the normal way:
http://www.reuters.com/article/2015/04/03/us-eurozone-greece-payment-idUSKBN0MU0M620150403
Or perhaps it needs Russian help to pay:
http://www.irishtimes.com/business/economy/greece-looks-to-putin-as-standoff-in-eu-puts-repayment-in-doubt-1.2163054
Or maybe Russia turned Greece down:
http://www.bloomberg.com/news/articles/2015-04-03/putin-tsipras-to-discuss-eu-s-anti-russia-sanctions-next-week
Anyway, it doesn't matter because it's all about Italy anyway:
http://www.wsj.com/articles/italy-not-greece-at-heart-of-euro-questionheard-on-the-street-1427986756
I'm glad that these leviathans of financial reporting, Bloomberg, Reuters, The Torygraph, The WSJ, understand what's going on because if they weren't there to explain it what hope would us ordinary mortals have?
I think the key thing to take from all this is that Greece wants everybody else to think it has lots of options. It's playing psychological games to try and win on the negotiating table.
It's a shame for Greece that it is known the key negotiator studied the art of aggressive negotiating, its like a magician trying to get their friends to play poker, much harder when your tallent for hiding cards is known.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
I think the key thing to take from all this is that Greece wants everybody else to think it has lots of options. It's playing psychological games to try and win on the negotiating table.
It's a shame for Greece that it is known the key negotiator studied the art of aggressive negotiating, its like a magician trying to get their friends to play poker, much harder when your tallent for hiding cards is known.
Bottom line is that when Greece defaults the dominos are in play, who will be next to want "haircuts"? If Greece was really so unimportant and "troublesome" why have they not been cut lose yet?0 -
So this is raised again:
http://www.theguardian.com/world/2015/apr/06/greece-puts-figure-of-279bn-on-claim-for-german-reparations
I guess €279bn might help the Greeks quite a lot at the moment - but what are the chances....
0 -
blondeheadon wrote: »so this is raised again:
http://www.theguardian.com/world/2015/apr/06/greece-puts-figure-of-279bn-on-claim-for-german-reparations
i guess €279bn might help the greeks quite a lot at the moment - but what are the chances....
:d
0%...................0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards