counter_violent
Legendary member
- Messages
- 12,669
- Likes
- 3,787
You will need to get all your positions on tonight and in play. Waiting for tomorrow will be too late.
My guess is, you won't have the cahoonas firstly to get in position and secondly, to post proof of such positions before any event.
All wind and puff me thinks.
Fancy !! rejoicing in others potential misery.
counter_violent
Legendary member
- Messages
- 12,669
- Likes
- 3,787
Yes this is correct. They manipulated the books so as to show that Greece did qualify to join the Euro. Europe is also to blame for accepting such cooked figures and not doing due diligence. Greece are also to blame cos they engaged the US bank to present an untrue position in order to qualify and gain entry.
All of them deserve each other !!
hhiusa
Senior member
- Messages
- 2,687
- Likes
- 140
1. My positions are already in place to trade automatically. That is why I said I can't wait for the approximately 9 hours to be up. I have money in floating currency (KYD, AED). Even in the unlikely event that the euro brings down the US markets a little, I have money in currencies that never fluctuate.
2. I don't need to post proof of anything to you. Learn your own techniques.
3. Rejoicing in the pain of others you say? If Greece had done what it was supposed to long ago, it wouldn't be in this predicament.
On récolte ce que l'on seme!
4. it's cojones.
counter_violent
Legendary member
- Messages
- 12,669
- Likes
- 3,787
Attachments
hhiusa
Senior member
- Messages
- 2,687
- Likes
- 140
It's not for my benefit
But I knew you wouldn't anyway
That's all you can respond with? If it is not for you benefit, then why do you care? It seems it is just another throw away statement.
Sink, baby, sink! :clap:
Athex
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
Here is what you need to know now as Greece enters a pivotal week in its testy relationship with the Eurozone:
1. Greece’s most immediate – as in first thing Monday morning – source of danger is its banking system. To compensate for accelerated deposit flight, the European Central Bank injected additional emergency funding on Friday to allow the banks to open on Monday. With a lot more needed, the ECB will grow more hesitant to pump in new money unless the Greek government secures an agreement with its European partners and the institutions through which they operate (the European Commission, the ECB and the International Monetary Fund).
2. A Summit of European leaders has been called for Monday to increase the chances of such an agreement. The aim is to find a compromise under which Greece would agree to a set of economic reforms, creditors would provide additional debt relief, and at least 7 billion euros of previously committed funds would be released immediately to help Greece navigate its tough payments schedule over the next few weeks.
3. The Greek government faces a virtually impossible choice in these negotiations. Either it relents and agrees to the demands of its increasingly restless creditors, thereby breaking its electoral promises and undermining what it has fought and stood for; or it holds out and risks seeing a series of disruptions that include the total implosion of the banking system, the rapid accumulation of payments arrears to creditors and suppliers, the imposition of capital controls to counter the accelerated flight of money out of Greece, and the issuance of government IOUs to meet pensions and other government obligations – all of which would deal another blow to an economy that is already ravaged by recession, alarming unemployment and climbing poverty; and it would render very difficult Greece’s continued membership of the Eurozone.
4. The unpleasant choices also apply to Greece’s creditors. Even if the Greek government agrees to additional reforms, few believe that it would actually implement them. As such, they fear that the new money disbursed would only buy the country a few weeks while continuing to transfer private liabilities to the European tax payers; and this is assuming that national parliaments, including in Greece, would approve the revised terms for the bailout. Yet the alternative is also very unappealing. If creditors continue to withhold funds, Greece would be tipped into a catastrophic crisis that, for the rest of Europe, would also entail the threat of massive migration out of the country as well as geo-political risks.
5. Markets have been relatively calm in the face of a growing probability of a Graccident and the Grexit that this could entail. Some market participants believe that, as has repeatedly been the case in the past, a last minute agreement will be reached to avert a Greek economic, financial, social and political disaster. Others realize that such an agreement could well elude Europe this time around but are comforted by the steps that have been taken to contain the negative spillovers.
6. The rest of the Eurozone is indeed better placed to deal with a Grexit than it has been at any time since this crisis first emerged in 2010. A number of regional funding windows have been put in place. The ECB has already embarked on large-scale balance sheet operations which could be rapidly expanded. The European Investment Bank has obtained greater lending flexibility. And the usual list of peripheral European countries at risk – including Ireland, Italy, Portugal and Spain – are themselves less vulnerable than in the past.
7. Minimizing contagion risk does not equate to eliminating it. Given the truly unprecedented nature of all this, there are lots of unanswered questions, including vexing legal and operational ones. For example, it is far from clear how a Greek currency redenomination process would play out given that there are no established procedures for this. Existing safety nets are way too weak and already-extremely stretched to handle the likely human dislocations. And new mechanisms would need to be found to reset the banking system in order to restore a minimum level of financial services to citizens and companies.
8. While seeking an agreement to avert a Greek implosion, also expect European leaders to work hard on a “Plan B” that most, if not all, could rally around. In addition to establishing a new European relationship for Greece should it be forced to exit the single European currency system (such as an association agreement with the European Union), they would need to approve a “whatever it takes” mandate for regional institutions to contain contagion risk emanating from a Greek disaster.
9. The implications for the global economy depend in large part on whether European leaders succeed in finding a durable solution for Greece or, alternatively if they fail to do so, are able to contain the crisis from pushing the rest of the continent into recession and financial instability.
10. Whatever happens, and while the blame game is likely to intensify, there are important lessons to be learned for all involved. If this learning process does indeed happen over time, some small good could emerge of what otherwise is a terrible Greek tragedy.
1. Greece’s most immediate – as in first thing Monday morning – source of danger is its banking system. To compensate for accelerated deposit flight, the European Central Bank injected additional emergency funding on Friday to allow the banks to open on Monday. With a lot more needed, the ECB will grow more hesitant to pump in new money unless the Greek government secures an agreement with its European partners and the institutions through which they operate (the European Commission, the ECB and the International Monetary Fund).
2. A Summit of European leaders has been called for Monday to increase the chances of such an agreement. The aim is to find a compromise under which Greece would agree to a set of economic reforms, creditors would provide additional debt relief, and at least 7 billion euros of previously committed funds would be released immediately to help Greece navigate its tough payments schedule over the next few weeks.
3. The Greek government faces a virtually impossible choice in these negotiations. Either it relents and agrees to the demands of its increasingly restless creditors, thereby breaking its electoral promises and undermining what it has fought and stood for; or it holds out and risks seeing a series of disruptions that include the total implosion of the banking system, the rapid accumulation of payments arrears to creditors and suppliers, the imposition of capital controls to counter the accelerated flight of money out of Greece, and the issuance of government IOUs to meet pensions and other government obligations – all of which would deal another blow to an economy that is already ravaged by recession, alarming unemployment and climbing poverty; and it would render very difficult Greece’s continued membership of the Eurozone.
4. The unpleasant choices also apply to Greece’s creditors. Even if the Greek government agrees to additional reforms, few believe that it would actually implement them. As such, they fear that the new money disbursed would only buy the country a few weeks while continuing to transfer private liabilities to the European tax payers; and this is assuming that national parliaments, including in Greece, would approve the revised terms for the bailout. Yet the alternative is also very unappealing. If creditors continue to withhold funds, Greece would be tipped into a catastrophic crisis that, for the rest of Europe, would also entail the threat of massive migration out of the country as well as geo-political risks.
5. Markets have been relatively calm in the face of a growing probability of a Graccident and the Grexit that this could entail. Some market participants believe that, as has repeatedly been the case in the past, a last minute agreement will be reached to avert a Greek economic, financial, social and political disaster. Others realize that such an agreement could well elude Europe this time around but are comforted by the steps that have been taken to contain the negative spillovers.
6. The rest of the Eurozone is indeed better placed to deal with a Grexit than it has been at any time since this crisis first emerged in 2010. A number of regional funding windows have been put in place. The ECB has already embarked on large-scale balance sheet operations which could be rapidly expanded. The European Investment Bank has obtained greater lending flexibility. And the usual list of peripheral European countries at risk – including Ireland, Italy, Portugal and Spain – are themselves less vulnerable than in the past.
7. Minimizing contagion risk does not equate to eliminating it. Given the truly unprecedented nature of all this, there are lots of unanswered questions, including vexing legal and operational ones. For example, it is far from clear how a Greek currency redenomination process would play out given that there are no established procedures for this. Existing safety nets are way too weak and already-extremely stretched to handle the likely human dislocations. And new mechanisms would need to be found to reset the banking system in order to restore a minimum level of financial services to citizens and companies.
8. While seeking an agreement to avert a Greek implosion, also expect European leaders to work hard on a “Plan B” that most, if not all, could rally around. In addition to establishing a new European relationship for Greece should it be forced to exit the single European currency system (such as an association agreement with the European Union), they would need to approve a “whatever it takes” mandate for regional institutions to contain contagion risk emanating from a Greek disaster.
9. The implications for the global economy depend in large part on whether European leaders succeed in finding a durable solution for Greece or, alternatively if they fail to do so, are able to contain the crisis from pushing the rest of the continent into recession and financial instability.
10. Whatever happens, and while the blame game is likely to intensify, there are important lessons to be learned for all involved. If this learning process does indeed happen over time, some small good could emerge of what otherwise is a terrible Greek tragedy.
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
has the world ended yet ?
Atilla
Legendary member
- Messages
- 20,845
- Likes
- 4,027
2be
Senior member
- Messages
- 2,062
- Likes
- 367
The open secret few European socialists hate to mention.
Can EU survive without France?
http://www.bloomberg.com/news/artic...-mrs-frexit-le-pen-sees-france-euro-exit-next
Certainly not in its present form.
just relax;
https://www.youtube.com/watch?v=TcaRwlDdhao&spfreload=1
:innocent:rolleyes:
Can EU survive without France?
http://www.bloomberg.com/news/artic...-mrs-frexit-le-pen-sees-france-euro-exit-next
Certainly not in its present form.
just relax;
https://www.youtube.com/watch?v=TcaRwlDdhao&spfreload=1
:innocent:rolleyes:
hhiusa
Senior member
- Messages
- 2,687
- Likes
- 140
Greece has proposed more tax rises and fewer spending cuts, which has been considered unsatisfactory by the IMF and understandibly so. They are past the point for promises. They cannot build upon the promise for increased tax collection as they have been promising that for 5 years without any results. Why Greeks are complaining about austerity is absurd. If the government doesn't curtail spending now, austerity measures will be a moot point. There will be no money left to pay for anything. Robbing Peter to pay Paul only works for so long.
2be
Senior member
- Messages
- 2,062
- Likes
- 367
Referendum in Greece:whistling
Is it after the bankruptcy or before it.
Once again the snaky way of the far left is at work.
Les say that the IMF hold its word and Greece is officially in default by the end of Tuesday the 30th June, whatever this default means in practise. Possibly Greece is then kicked out of the Eurozone (unlikely? likely?) and then on the 5th comes the referendum, which was spoken about months before.
What a mess, it is obvious that nobody wants to be blamed with kicking Greece out the Eurozone or keeping them miraculously in, though on a life support.
Brussels once again not capable to do anything sensible, perfectly fulfilling its completely useless status in anything that matters, they are still congratulating themselves sorting out once and for all the correct shape of banana. I think that oven gloves and the wattage of vacuum cleaners is next on the agenda.
It is interesting what happens next with Greece.
I suspect they will be given some more time come whatever.
:whistlingIs it after the bankruptcy or before it.
Once again the snaky way of the far left is at work.
Les say that the IMF hold its word and Greece is officially in default by the end of Tuesday the 30th June, whatever this default means in practise. Possibly Greece is then kicked out of the Eurozone (unlikely? likely?) and then on the 5th comes the referendum, which was spoken about months before.
What a mess, it is obvious that nobody wants to be blamed with kicking Greece out the Eurozone or keeping them miraculously in, though on a life support.
Brussels once again not capable to do anything sensible, perfectly fulfilling its completely useless status in anything that matters, they are still congratulating themselves sorting out once and for all the correct shape of banana. I think that oven gloves and the wattage of vacuum cleaners is next on the agenda.
It is interesting what happens next with Greece.
I suspect they will be given some more time come whatever.
I suspect that you are right!
However, whatever the political reasons for keeping them in, if they are not pushed out of the Eurozone they will, always, be a milestone around our necks, especially as they will set a precedent for other members to default.
I wanted the UK to be a member of the Eurozone, How wrong I was!
However, whatever the political reasons for keeping them in, if they are not pushed out of the Eurozone they will, always, be a milestone around our necks, especially as they will set a precedent for other members to default.
I wanted the UK to be a member of the Eurozone, How wrong I was!
MichaelJohnFX
Senior member
- Messages
- 2,891
- Likes
- 323
Finally. A referendum should bring an end to this whole saga. If they vote no, then Brussels have to let them go. Romanticism is prevailing over common sense here. As someone has already said, no one wants to be responsible for Greec leaving the zEuro
2be
Senior member
- Messages
- 2,062
- Likes
- 367
Tsipras came to power with a mandate to end the austerity imposed by Greece’s creditors while keeping the country in the euro.(Bloomberg)
Mr Tsipras wants to walk to the summit of Everest, yet he does not want, or intends to do any climbing, Angela please do something about it, why not flatten the mountain for him, he got a strong democratic mandate, got it by meddling with the truth and logic, and he is not a magician.
It is very possible that by his crazy manipulations he will achieve neither.
An honourable thing for him and his cronies would be to resign, or at least ask additional question in the coming referendum if the Greek people still continue to trust his administration to guide them in this difficult situation. A negative score on that issue might provide him with a strong, democratic and politically correct mandate to resign.
Of course that is too much to expect from these politically corrupt bunch, plainly caught up with their empty promises devoid of any rationality. They firstly outmanoeuvred the Greek people by lying to them, got elected on that lie (nothing new), then tried to outmanoeuvre Europe, and its many creditors, running again with a begging cup around the world crying all the time about their strong democratic mandate and making some stupid mistakes that confirmed them to be nothing more than clowns, though elected ones, (not appointed ones like the Brussels lot). Now again they are asking Greek people to have a referendum on this failed promises, while still holding to power deceitfully gained. This is bad for the Greeks, for the EU and for the rest of the world. It points out to the way how politics should never be done and how easy it comes for the mess to continue with nobody taking any responsibility as to what went wrong in the past, still continues at present and a very careless view of finding the realistic solution for the future. Interestingly, Brussels with all their pomp, ceremonies and ridiculously expensive set of socialists cronies have very little to say on this subject, pointing to the fact that such appointed (not elected) cohort has even less reason to exist than the crooked and deceitfully elected pseudo government in Athens.
If anyone has too much cash and do not know what to do with it, please transfer it to Athens, they know what to to with it.
Waste it on wishful thinking, while the rest of us are watching riveted to the seats in the world's theatre of drama, on this occasion provided by Greeks. What the next act will be, who is playing, would they get any Oscars, and may be an occasional Nobel Prize.Well if Obama got it why should Tsipras miss on that? But that is another subject.
Last edited:
Pat494
Legendary member
- Messages
- 14,614
- Likes
- 1,588
In the old days of pirate vessels the Greek members of the crew would have come to their proper senses long before they were forced to walk the plank. But now with the soppy lot in Brussels the situation will drag on for years, cost billions and maybe break the EU boat.
Being thrown out is maybe a blessing in disguise as they would then avoid the all pervasive German iron grip. The cost of being dominated by the EU/USA/China etc. is losing one's independence and national pride.
Being thrown out is maybe a blessing in disguise as they would then avoid the all pervasive German iron grip. The cost of being dominated by the EU/USA/China etc. is losing one's independence and national pride.
Last edited:
