Greek Riots - Athens

Really2

inspector_monkfish wrote: »

lol


so what you are saying is, Marco Fu left his cue on your post office?

No, in it. Don't you start with the dodgy sentences, that is my job on here.:)

inspector_monkfish

Really2 wrote: »

No in it. Don't you start with the dodgy sentences, that is my job on here.:)

there is a riot
he could have lobbed it on the roof

Blacklight

It'll be interesting to see what the impact of all this has on property prices over there. Seems to me that total economic collapse, anarchy, burning banks and people getting hurt or killed are pretty much the only arguments that poeple are clinging to for the start of 'the next leg down'.

BlondeHeadOn

I shouldn't think that it will do much for the tourist industry either...

This is so sad. Would it not be better just to let Greece leave the euro and re-start the drachma? At least then they could devalue their currency, and this would probably voost their economy anyway as Greece would become a cheap place to do business with and visit?

This seems too simplistic (I'm sure it is!), but is this really not an option?

I'd also sell some islands....

HAMISH_MCTAVISH

Generali wrote: »

What proportion of your income would you be prepared to lose over, say, the next 10 years to bail out Governments of other developed countries? Personally, I would be prepared to pay pretty much exactly 0%. I'll do a poll.

You live in a block of flats.

Your neighbours flat catched on fire. It's a small fire but it will soon spread.

Do you.....

a) Let it burn, and burn yours to the ground as well, because you don't want to spend the money on water.

b) Grab the hose and start spraying......

No need for a poll......

Anyone stupid enough to vote for cutting off their nose to spite their face isn't competent enough to vote in the first place.;)

inspector_monkfish

16:19 05May10-Oil hits month-low below $80 on Greece, rising stocks

* Rising U.S. crude, fuel stocks weigh
* Concern Greek crisis could spread to Portugal, Spain
* Weak euro hammers oil, commodity prices



LONDON, May 5 - Oil fell to a month-low below $80 a barrel on Wednesday, taking the week's losses to 7.5 percent as the Greek debt crisis rattled markets and rising U.S. crude stocks pointed to tepid demand.
Prices fell to a low of $79.15, exactly $8, or 9 percent, below Monday's 19-month high of $87.15, before paring losses.

Rising concerns that Greece's debt crisis could spill into other euro zone countries and derail the global recovery have seen oil futures shed almost 40 percent of gains since February.

"The volatility is extreme, I haven't seen anything like this in a long time," one London-based trader said. "It's all about the slump in the euro today. All commodities are getting absolutely hammered."

U.S. crude for June delivery <CLc1> was down $2.10 at $80.64 a barrel by 1458 GMT. Prices are still around double the level they were at the start of 2009.
London Brent crude <LCOc1> was down $2.28 at $83.39 a barrel.

Rising crude and product stocks in the United States, the world's largest energy consumer, pressured prices further, with government data on Wednesday broadly confirming an industry report from the previous day.

Crude oil stocks rose by 2.8 million barrels last week, the U.S. Energy Information Administration (EIA) said. Analysts polled by Reuters had predicted a 1.1 million barrel gain.

Gasoline stocks were up by 1.2 million barrels, while disitillate stocks, which include diesel, jet fuel and heating oil, rose by 600,000 barrels.

Crude oil stocks at the Cushing, Oklahoma, delivery hub for NYMEX-traded oil hit a record high, climbing by 1.6 million barrels to 36.2 million barrels.

FORK IN THE ROAD

But the major focus for oil markets remained the situation in Europe, traders and analysts said.

German Chancellor Angela Merkel warned of widening debt problems if a 110 billion euro ($146.5 billion) Greece rescue does not work.

"We're at a fork in the road," she told German lawmakers. "This is about nothing less than the future of Europe."

The euro fell to its lowest level against the dollar since April 2009, touching $1.2802 on fears debt problems could flare up in Portugal and Spain. The single currency is down around 5 cents against the dollar since Friday.

Dollar-priced commodities such as oil are undermined by strength in the greenback as they become more expensive for holders of other currencies. Rising risk aversion is also a factor as investors pull money out of volatile assets like oil.

Industrial metals like copper, zinc and aluminium were all down by between 4 and 5 percent at one point on Wednesday.

"The dollar remains the critical underpinning factor for energy price moves," Caprock Risk Management analyst Chris Jarvis said.

"With the Greece headlines still making waves and a flight to quality taking place -- which is driving the dollar higher -- energy prices remain under pressure."

Oil spill workers raced against time in the Gulf of Mexico, hoping to take advantage of another day of calm seas in their fight to contain a huge spreading oil slick before it hits the U.S. shoreline.

One of the three leaks from the ruptured Gulf of Mexico undersea well owned by BP <BP.L> has been capped, but oil is still flowing out at a rate of 5,000 barrels (210,000 gallons) per day, the National Oceanic and Atmospheric Administration (NOAA) said on Wednesday.

Crude oil prices have not been seriously affected by the oil spill after a deadly April 20 rig explosion triggered a breach in BP's <BP.L> well. (Additional reporting the New York Energy Desk and Judy Hua in Singapore; editing by Keiron Henderson)

pwllbwdr

marklv wrote: »

I have zero sympathy for the Greeks. They want to live outside their means and expect others to foot the bill

Like the British public sector?

marklv wrote: »

- I hope the German parliament rejects the bail out and the Greeks sink deeper into the soft, brown, malodorous stuff.

But not like the British public sector?

nembot

BlondeHeadOn wrote: »

Once the cuts really start to bite, it will escalate alarmingly to at least two tuts, you mark my words......

It was only 30 years ago when the same public feelings became the catalyst for riots across the UK.

If Cameron gets in and does what people are predicting, which is pretty much what the Tories do, i'll bet you odds on 10-1 - we'll see something very similar here.

Personally, I'd rather vote Labour again than risk an even more uncertain future.

chucky

nembot wrote: »

It was only 30 years ago when the same public feelings became the catalyst for riots across the UK.

If Cameron gets in and does what people are predicting, which is pretty much what the Tories do, i'll bet you odds on 10-1 - we'll see something very similar here.

Personally, I'd rather vote Labour again than risk an even more uncertain future.

100% agree. as Mr 1984ReturnsForReal says - vote anyone but Tory unless you want the tories and their chums being looked after for the next 5 years...

PhylPho

nembot wrote: »

Personally, I'd rather vote Labour again than risk an even more uncertain future.

Voting Labour will definitely give you a certain future.

Whether it's the future you actually want or deserve is another matter.