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Greece...
Comments
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What a total farce!
The deadline for Greece to put in their list of reforms etc to get the bailout has been missed. It was today.
So it's simply been extended. It's now tommorow.0 -
Graham_Devon wrote: »What a total farce!
The deadline for Greece to put in their list of reforms etc to get the bailout has been missed. It was today.
So it's simply been extended. It's now tommorow.
Give the poor Greeks a break!
After all, today is a bank holiday in Greece.
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Give the poor Greeks a break!
After all, today is a bank holiday in Greece.
Maybe, but you are trying to suggest it's all the Greeks to blame again.
The EU would have known it was a bank holiday too (if indeed, it is!).
The EU set the deadline, which the Greeks would "have to meet". They didn't, so now they "must meet" the deadline tommorow.
What's the point in all these deadlines if they are just to be extended again? We've now got the extended deadline for the extended loan!0 -
Graham_Devon wrote: »What's the point in all these deadlines if they are just to be extended again? We've now got the extended deadline for the extended loan!
Most people in their daily jobs regularly miss deadlines. :wall:
What's a day. When the Greeks themselves have to agree internally. Remember there's a coalition not a majority Government.0 -
Graham_Devon wrote: »What's the point in all these deadlines if they are just to be extended again? We've now got the extended deadline for the extended loan!
You seem disappointed Graham.....
What's the matter, getting a bit worried it might not all blow up after all? “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »You seem disappointed Graham.....
What's the matter, getting a bit worried it might not all blow up after all?
No, more concerned that when it does blow up, the losses are going to be bigger than they needed to be.0 -
Graham_Devon wrote: »No, more concerned that when it does blow up, the losses are going to be bigger than they needed to be.
I think it's already been explained to you what the likely outcome is here.
Syriza can't afford to trigger a Grexit as around 70% of Greeks want to stay in the Eurozone, and it would be disastrous for Greece to leave.
Syriza can't be given meaningful concessions by the Troika as that would encourage rabble rousing extremist parties in other countries.
So a deal will be done that allows just enough relief for Greece to stay in while not allowing enough relief that it encourages others to follow in Greece's footsteps.
Simples.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »I think it's already been explained to you what the likely outcome is here.
Syriza can't afford to trigger a Grexit as around 70% of Greeks want to stay in the Eurozone, and it would be disastrous for Greece to leave.
Syriza can't be given meaningful concessions by the Troika as that would encourage rabble rousing extremist parties in other countries.
So a deal will be done that allows just enough relief for Greece to stay in while not allowing enough relief that it encourages others to follow in Greece's footsteps.
Simples.
Greek 10 year bond rates are up from about 3% in October to 17% today. There's a killing to be made if you're confident enough to buy it.
There is no way I would be buying Greek debt now. I'm pretty positive on Europe as a whole but strongly negative on Greece. They can't maintain a Government surplus of 4-5% of GDP for long. There'll be a revolution.
It doesn't matter if the Troika destroy the Greek banking system if enough people simply have no money.0 -
HAMISH_MCTAVISH wrote: »I think it's already been explained to you what the likely outcome is here.
Syriza can't afford to trigger a Grexit as around 70% of Greeks want to stay in the Eurozone, and it would be disastrous for Greece to leave.
Syriza can't be given meaningful concessions by the Troika as that would encourage rabble rousing extremist parties in other countries.
So a deal will be done that allows just enough relief for Greece to stay in while not allowing enough relief that it encourages others to follow in Greece's footsteps.
Simples.
And presumably they'll all live happily ever after?0
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