Greece - just default already !

[billpritjr]

I have watched Greece every day this week and every night a new headline of the same old news

"Greece close to agreement with creditors"

"Deal Near"

"Talks ongoing into the night"

Etc

It is Friday, 3:37 AM in Greece,

http://www.timeanddate.com/worldclock/city.html?n=26

and NO progress. WTF over !

Just default already. Please !

Anyone else care to chime in ?

 

[antaram]

I don't really follow this closely, but wasn't it a short while ago nobody agreed to 50% haircut, and now they are saying "deal is close" for 65-70% haircut and 4% interest for the new 30% year bond? This is crazy, or maybe it just seems that way to me, since my short position is clouding my judgement.

 

[mgabriel01]

In Greece
The revolution will, in fact, be televised!

 

[billpritjr]

"atmosphere of talks very good"

(talks been going on all week.....) :eek:

http://www.washingtonpost.com/busin...th-creditors/2012/01/20/gIQAJsl3CQ_story.html

 

[antaram]

Jan 21 (Reuters) - The representatives of Greece's private creditors have left Athens and debt swap talks will continue over the phone during the weekend...

http://www.reuters.com/article/2012/01/21/greece-iif-idUSL6E8CL02E20120121

I say we won't have a deal until the negotiations move to Facebook and Skype chat phase.

 

[sculptor66]

Quote from billpritjr:

"atmosphere of talks very good"

(talks been going on all week.....) :eek:

http://www.washingtonpost.com/busin...th-creditors/2012/01/20/gIQAJsl3CQ_story.html

I bet there is a party with drugs and hookers going on inside the meeting room.

No wonder they have no motivation to finish the 'talks'...

 

[shopster]

rome is burning and the toga party continues.........

http://www.newyorker.com/talk/financial/2011/07/11/110711ta_talk_surowiecki

cheers,

s

 

[riskbiscuit]

I fully agree with this title "Greece - just default already!"

That way Greece can start on a clean slate and just start rebuilding their economy.

Stop keeping everyone in suspense and taking time on the news in what we know is already inevitable!!