Greece...

ManAtHome

Thrugelmir wrote: »

Unlikely Germany will be so willing to play ball at the current time.

Maybe not, but looks like Draghi is up for it http://www.bloomberg.com/news/2014-10-16/ecb-said-to-be-undecided-on-easing-greek-collateral-requirements.html

Thrugelmir

ManAtHome wrote: »

Maybe not, but looks like Draghi is up for it http://www.bloomberg.com/news/2014-10-16/ecb-said-to-be-undecided-on-easing-greek-collateral-requirements.html

Doesn't solve the fundamental issues.

Japan has caused the cold that's circulating now. QE might have given respite. Once everybody joins in the effects are negated.

ManAtHome

Thrugelmir wrote: »

Doesn't solve the fundamental issues.

This crap has been going on for years - none of the fundamental issues in any country have been sorted. QE/ZIRP has just given various governments license to "keep calm and carry on" overspending.

KrytenIceCubeHead

Greece is the word, that you heard, it's a turd,
It's go no !!!!!!!g money.
Greece full of crime, is the place, with Golden Dawn
Greece is heading to anarchy.

(c) Travolta Enterprises

worldtraveller

Eurozone ministers have agreed to give Greece’s government a two-month extension to its bailout, amid fresh concerns over the country’s finances.

Athens is today expected to formally ask its troika of lenders - the International Monetary Fund, European Commission and European Central Bank - to extend its agreement until the end of February, as its current programme runs out at the end of this month.

The Telegraph

Really?! :wall: :rotfl:

globalds

Elections in January
http://www.theguardian.com/world/2014/dec/29/greece-crisis-president-snap-election
This could be interesting.

Thrugelmir

globalds wrote: »

Elections in January
http://www.theguardian.com/world/2014/dec/29/greece-crisis-president-snap-election
This could be interesting.

Wider implications for the Eurozone project as a whole in 2015.

worldtraveller

Greek leftwing opposition leader Alexis Tsipras said the European Central Bank (ECB) could not exclude Greece if it decides to move to a full "quantitative easing" programme to stimulate the euro zone's faltering economy.

Speaking at a party congress on Saturday, three weeks before a Jan. 25 general election, Tsipras also said his Syriza party would ensure much of Greece's debt was written off as part of a renegotiation of its international bailout deal.

Reuters

antrobus

worldtraveller wrote: »

Greek leftwing opposition leader Alexis Tsipras said the European Central Bank (ECB) could not exclude Greece if it decides to move to a full "quantitative easing" programme to stimulate the euro zone's faltering economy.

Speaking at a party congress on Saturday, three weeks before a Jan. 25 general election, Tsipras also said his Syriza party would ensure much of Greece's debt was written off as part of a renegotiation of its international bailout deal.....

Wouldn't ECB quantitative easing simply involve the ECB in buying Euro govt debt? Why would the ECB want to buy Greek debt, if the Greeks are going to write that debt off?

What I found interesting was the bit that said;

Syriza, which holds a slim opinion poll lead over Prime Minister Antonis Samaras' centre-right New Democracy party, has moderated its tone in recent months, pledging to keep Greece in the euro and not to unilaterally repudiate the bailout deal.


http://uk.reuters.com/article/2015/01/03/uk-greece-politics-idUKKBN0KC0IG20150103

N1AK

antrobus wrote: »

Wouldn't ECB quantitative easing simply involve the ECB in buying Euro govt debt? Why would the ECB want to buy Greek debt, if the Greeks are going to write that debt off?

Why would Greece agree to let the ECB buy EU government debt while excluding Greece's?