do you take everything, everyone says literally?
(He meant that's who he thinks is next.)
Greece Bailout Spec?
- Thread starter Gcapman
- Start date
do you take everything, everyone says literally?
(He meant that's who he thinks is next.)
WTF is going on over there? I think a 5th grader could run that place.
Bernanke would be perfect. Send a cargo plane over with him and his printer inside.
Bernanke would be perfect. Send a cargo plane over with him and his printer inside.
Bailout is a lock.
Germany and France can't risk/afford contagion.
Everything else is just theater. Maximize "uncertainty" to force stragglers to cut their budgets.
Germany and France can't risk/afford contagion.
Everything else is just theater. Maximize "uncertainty" to force stragglers to cut their budgets.
I doubt it. Europe has nothing to gain by letting Greece fail.
All the stalling and ambiguity is meant to scare Greece and the rest into tabling their own cuts. Euro formed a nice bottom at 1.35. Markets are always slow to react, and irrational.
That's how money is made, remember?
To join the EU, Greece had to show deficit of <3% of GDP. Once in the EU, they go crazy with "borrow and spend"... then whine because, "our spending is overwhelming tax receipts" and need a bailout. Duh, you think?
Ever hear of a BALANCED FRICKIN' BUDGET??
Quote from Scataphagos:
To join the EU, Greece had to show deficit of <3% of GDP. Once in the EU, they go crazy with "borrow and spend"... then whine because, "our spending is overwhelming tax receipts" and need a bailout. Duh, you think?
Ever hear of a BALANCED FRICKIN' BUDGET??
I'd love to see Greece and the rest of the PIGS get flushed. Panic could spread quick, tho. Everyone has an interest in keeping this confidence game alive. Until then, i expect an ECB/IMF bailout with a france-german backstop.
Consensus seems to be that there is no intended bailout but rather loan guarantees......
Charts seem to corroborate this theory
Expect a nasty USD short squeeze if this becomes factual
I get the feeling that the EU does not want to get into the habit of bailing out every fucking member if they can't keep their internal finances in check -- just kick them the fuck out!!!!
Charts seem to corroborate this theory
Expect a nasty USD short squeeze if this becomes factual
I get the feeling that the EU does not want to get into the habit of bailing out every fucking member if they can't keep their internal finances in check -- just kick them the fuck out!!!!