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On now, "This World" on Greece.

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Comments

  • Mrs_Bones
    Mrs_Bones Posts: 15,524 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    amcluesent wrote: »
    Looks like the markets are being 'softened up' for Greece to fall out the Euro - Europe central bankers have been openly expressing views on the possibility of Greece leaving the eurozone

    Once the facade of all-for-one breaks, the markets will send Greek bonds through the roof and the EU pen-pushers can't risk the contagion spreading to Spain

    Do you think they can prevent contagion though? have they done enough in the time they've been messing about with Greece to strengthen their own firewalls?
    [FONT=&quot]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT=&quot][/FONT]
  • purch
    purch Posts: 9,865 Forumite
    amcluesent wrote: »

    Once the facade of all-for-one breaks, the markets will send Greek bonds through the roof and the EU pen-pushers can't risk the contagion spreading to Spain

    I would have thought that would be the best news possible. If the market starts buying Greek bonds heavily and sends them "through the roof" yields will fall dramatically, demand will rise for all EUR denominated Bonds and the crisis will be over.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • ChiefGrasscutter
    ChiefGrasscutter Posts: 2,112 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If Greece quit then I would have though it would make sense for Spain and Italy to leave as well - and I mean here within hours of any Greek departure.

    I wonder what would happen if the Greek central bank simply starting "printing Euros"?
    I know you're going to say they can't do this its not 'allowed' but exactly who is going to stop them: is Germany/the ECB going to invade Greece.....
    I'm speculating on whether Greece could solve its own problems by printing Euros in the same way as the UK has the ability to print/create money with the pound sterling.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Has just started, being repeated on BBC2 now.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • markwilkinson
    markwilkinson Posts: 568 Forumite
    Just watching it for the second time.
  • ILW
    ILW Posts: 18,333 Forumite
    markwilkinson wrote: »
    Just watching it for the second time.

    Did it have a different ending this time?
  • Out,_Vile_Jelly
    Out,_Vile_Jelly Posts: 4,842 Forumite
    Part of the Furniture 1,000 Posts
    Can't someone persuade the Greeks to get rich by selling overpriced houses to each other?
    They are an EYESORES!!!!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    Did it have a different ending this time?

    There's series two and three already in the making.
  • markwilkinson
    markwilkinson Posts: 568 Forumite
    ILW wrote: »
    Did it have a different ending this time?

    No, but I missed the first half of it last time lol
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    One question is will our Olympic Village end up the same as theirs an expensive, single use, white elephant?
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
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