Greece...

The_J

Graham_Devon wrote: »

So if Greece exits, it's gonna be hunky dory?

Why do you think they have been throwing quite so much money at it?

Germany and France are on the hook for 140 billion euros if Greece defaults. French and German banks are heavily exposed to Greek debt.

The UK banks by comparison are relatively free of this, only RBS are exposed at a relevant level and that's old information, I don't know how their positions look at the moment.

Greece should have been allowed to exit when it became apparent they lied to get into the Euro. Now they have pocketed a lot of cash for little return and expect this charade to continue. They are the benefit scrounger of Europe.

Generali

vivatifosi wrote: »

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.

The attacks on bankers already happened in Greece. More than one bank was set alight during past riots and at least three members of staff (think bank teller rather than Fat Cat) were killed in a single branch of Marfin:

http://www.usatoday.com/news/world/2010-05-05-greece-strike-crisis_N.htm

Their names, in case anyone gives a flying fox, were Paraskeui Zoulia, Aggeliki Papathanasopoulou and Epameinondas Tsakalis. Aggeliki was pregnant at the time of the attack.

Thrugelmir

RenovationMan wrote: »

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.

Optimists are more likely to work in sales, pessimists to work in finance. The world isn't going to end tomorrow, however it may be a totally different place to live and work in than today.

Survived more financial melt downs than you'll ever experience in your working life time. There's no magic with finance. Planning and preparation is the key to survival. Not blind faith.

The_J

Thrugelmir wrote: »

Survived more financial melt downs than you'll ever experience in your working life time. There's no magic with finance.

Wow that sounds a lot. Have you ever considered that you might be part of the problem?:money: :grouphug:

purch

The_J wrote: »

Germany should leave the Euro and allow it to devalue. It's Germany who are killing the PIIGS and by continuation Holland, Belgium and France.

I have always thought that Spike Milligan was a little premature when he wrote his book Adolf Hitler: My Part in his Downfall

I'm starting to think that this was all part of the plan :eek:

Thrugelmir

The_J wrote: »

Wow that sounds a lot. Have you ever considered that you might be part of the problem?:money: :grouphug:

Funnily enough enjoyed my work over the years. Salvaging wrecks is challenging but rewarding. Had the opportunity to work with many exceptionally talented people. When the going gets tough, the (vocally) tough get going in my experience.

RenovationMan

Thrugelmir wrote: »

Survived more financial melt downs than you'll ever experience in your working life time. There's no magic with finance. Planning and preparation is the key to survival. Not blind faith.

You seem to think you know so much about me, Thrug. Another false assumpton to add to your existing ones where I seem to be relying on blind faith and zero planning. You clearly haven't been reading my posts on here if you think I have no plans and that I'm blindly drifting through life. :cool:

Thrugelmir

[QUOTE=RenovationMan;53159273_You_clearly_haven't_been_reading_my_posts_on_here_if_you_think_I_have_no_plans_and_that_I'm_blindly_drifting_through_life._:cool:[/QUOTE]

Your financial status is well above the average. So far easier to look down from the ivory tower on the masses in complete comfort. Was also in a similar position myself some years backs. A change in my personal life cost me dearly. Taught me that there's more to life. So I now do what I do for enjoyment rather than personal gain. :beer:

RenovationMan

Thrugelmir wrote: »

Your financial status is well above the average. So far easier to look down from the ivory tower on the masses in complete comfort. Was also in a similar position myself some years backs. A change in my personal life cost me dearly. Taught me that there's more to life. So I now do what I do for enjoyment rather than personal gain. :beer:

Clearly you didn't plan ahead.

I wish you'd make your mind up though as you've taken me from a quivering wreck afraid of any negative news ("Surprised you are so relaxed considering your winning bet relies on low interest rates and house prices remaining high") to a financially untouchable financial whizkid ("So far easier to look down from the ivory tower on the masses in complete comfort") in just two posts!! Talk about lack of consistency!! :eek:

As far your lesson is concerned, I don't need to be taught because I've always 'worked to live' instead of 'lived to work'. More importantly, I 'work smart' and make sure that I get the most remuneration for my skills and effort. I also make sure that my skills are very marketable because that's my job security.

As far as the ivory tower - that's something I'd attribute to yourself. You're the one who is being the doom-meister. I always wonder at the likes of yourself and Devon who constantly post dismal news or put a negative slant on everything; whether you are financially at risk and just expressing your fears or whether you're financially safe and just get off on frightening other people. I suspect the latter and that's why I pull you up on it. :cool:

worldtraveller

Mrs_Bones wrote: »

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.

A tsunami of capital flight from Greece threatens to overwhelm the authorities, forcing the country out of the euro before fresh elections in June.

Economists warned that the Greek financial system could crumble within weeks or days unless the European Central Bank steps up support.

Telegraph.co.uk

BBC Stephanie Flander's blog