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When will Greece leave the Euro?
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When will Greece leave the Euro?

  #31 (permalink)
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puma View Post
agree @Alphachase

the perverse thing is, even a finalized deal will do very little for Greek's economy or citizen, IHO

only to postpone the unavoidable

They would be far better off leaving the Euro. And sooner is better. It maybe painful in the very beginning but it will "bear fruits" later on. Southern European economies have never been and will never be as productive, efficient and competitive as contemporary German's one.

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  #32 (permalink)
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Yes sir

Last I checked Iceland seems to be doing A Ok

-Bill

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  #33 (permalink)
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WilleeMac View Post
Yes sir

Last I checked Iceland seems to be doing A Ok

-Bill

that's a great argument - i will use that !!!

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  #34 (permalink)
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puma View Post
that's a great argument - i will use that !!!

LOL

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  #35 (permalink)
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Quoting 
ECB Official: After Eurogroup Decision, Greece Capital Controls Not Needed and 'Out of Question'

ECB Official: Important That EUR10 Billion Remains Available to Recapitalize Greek Banks

ECB Official: Bank Recap Money Not Needed Now Because Banks are Solvent

ECB Official: Ready to Reintroduce Waiver for Greek Collateral After Assessment That Program Will Reach Positive Conclusion

Bloody marvelous... Everything isn't that bad in Greece banking system? Wow... What a farce


Last edited by Alphachase; February 20th, 2015 at 06:58 PM.
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  #36 (permalink)
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Surprise after market close...

Interesting article:


Quoting 
As usual, the fine print of any European "deal" is revealed not only after the agreement, but after the US market close. So for all those waiting for the real punchline...

Read more: Germany Gives Greece Just Enough Rope: Varoufakis Says If Troika Rejects Reforms "The Deal Is Dead And Buried"

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  #37 (permalink)
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Alphachase View Post
Bloody marvelous... Everything isn't that bad in Greece banking system? Wow... What a farce

Perhaps you are just standing too close to the picture in Cyprus

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  #38 (permalink)
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well my point is that simply Greece can't repay it's debt, more important Greek people, right or wrong are not willing to make the necessary step in that direction.
So after all that is said and done it's not about finding a deal that allow Grece to pay its debt but finding some kind of agreement that do not make a precedent in the Euro area but still keep Grece alive and more important in the euro area due to its strategic geographical location.

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  #39 (permalink)
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Supposedly the "letter" of what Greece will accept has found it's way to Brussels...

Now it's there

Oops now it's not

We have the letter

Sorry that was addressed to Dear Abby

It should be interesting as to what, who, when and where.

-Bill

EDIT

Supposedly Greece has until COB today to give a response, deliver a letter or who knows what now

Athens +7, Brussels/ Frankfurt +6, London +5 --- New York


Last edited by WilleeMac; February 23rd, 2015 at 01:10 PM.
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  #40 (permalink)
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Quoting 
Sources said the three pages of draft proposals included new policies aimed at improving tax revenue, combating widespread tax evasion among the wealthy, cracking down on the illicit cigarettes and petrol trade...

Good luck with that...

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2nd Rule - The Rule of the Predator - Never Chase the Trade.
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