Greece...

RenovationMan

No response from Thrug about my comments above. I'll assume that the latter is true and he just enjoys making people worry, while he sits safe - hence why he gets so annoyed at me because I'm immune to his 'fear agenda'. :rotfl:

Graham_Devon

RenovationMan wrote: »

No response from Thrug about my comments above. I'll assume that the latter is true and he just enjoys making people worry, while he sits safe - hence why he gets so annoyed at me because I'm immune to his 'fear agenda'. :rotfl:

I'll assume he's ignoring the immaturity. A trait I could well make use of.

RenovationMan

Graham_Devon wrote: »

I'll assume he's ignoring the immaturity. A trait I could well make use of.

Ahhh, is that what he's doing? :rotfl:

Is this your new thing. If you lose a discussion, you ghost out and say you're 'too mature' to argue anymore??

I assume you're too mature to comment on how you made a complete fool of yourself talking about QE and pensions without actually understanding any of it?

Hopefully you'll also develop a trait of 'knowing what you're talking about before spouting on and making a show of yourself'. You realy need to make use of that one. :rotfl::rotfl::rotfl::cool::D:o;):p:money::j:beer:

ILW

You two should get a room.

RenovationMan

ILW wrote: »

You two should get a room.

I agree. Thrug and Devon should get a room. I love the way the bear gang all look out for each other. It's like tag team wrestling on World of Sport! :rotfl:

Graham_Devon

The British government is making urgent preparations to cope with the fallout of a possible Greek exit from the single currency, after the governor of the Bank of England, Sir Mervyn King, warned that Europe was "tearing itself apart".

Reports from Athens that massive sums of money were being spirited out of the country intensified concern in London about the impact of a splintering of the eurozone on a UK economy that is stuck in double-dip recession. One estimate put the cost to the eurozone of Greece making a disorderly exit from the currency at $1tn, 5% of output.

Behind the scenes, things look to be intensifying by the hour.

chucky

RenovationMan wrote: »

I assume you're too mature to comment on how you made a complete fool of yourself talking about QE and pensions without actually understanding any of it?

That behaviour is getting quite common. Unfortunately some people will never change and start derailing the thread to avoid their embarrassment due to lack of knowledge.

RUN_RABBIT_RUN

RenovationMan wrote: »

I agree. Thrug and Devon should get a room. I love the way the bear gang all look out for each other. It's like tag team wrestling on World of Sport! :rotfl:

great pic, shame its too big to be an avatar :T

antrobus

worldtraveller wrote: »

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

Or try this one;

IMF chief warns on cost of Greek exit from euro
http://www.reuters.com/article/2012/05/16/us-greece-idUSBRE84D07X20120516

the European Central Bank said it had halted liquidity operations with some Greek banks because their capital was too depleted. ...It was not immediately clear which banks, or how many of them, were affected. One person familiar with the matter said the capital of four Greek banks was so low that they were operating with negative equity.


Banks with negative equity? Whatever next?

worldtraveller wrote: »

Greek depositors withdrew €700 million ($898 million) from local banks on Monday,....

Tick Tock, Tick Tock!

No real surprise there. There's been a steady stream of money leaving Greek banks over the past couple of years.

Pobby

Sometimes I get reminded of Nero, fiddling when Rome was on fire. I have no idea what the fallout from the Euro zone will be. More than likely not very nice. Rather than attack posters that sign post to fairly serious links, maybe just take a bit of it on board.