M
morganist
First Greece then everyone.
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The weekly: Greece to default/restructure THIS weekend? thread
- Thread starter TGregg
- Start date
First Greece then everyone.
Greece Govt Bond 1Year Yield (GGGB1YR:IND)Quote from Scataphagos:
Uh, no. That's a price chart.
http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND
The rates are comprised of Generic EUR Greece government bonds. The underlying benchmark bonds are located under {YCGT0156 <Index> DES<GO>} 2<GO> for 'Members'. These yields are based on the bid side of the market and are updated intraday. To view all terms/securities type {ALLX GGGB<GO>}. Pricing source for the bond: BGN. The generic will not update if we do not have rates for the underlying benchmark bonds, or if we do not have the underlying terms on the curve.
Greeks are supported by social benefits for many years.
This changes the behaviour of the people. They become LAZY. Totally lazy, non productive legions of consumers who do not want to pay or work for the food.
Same happened in Eastern Europe during comunism.
You cannot feed 11 million people and on top of that fund 90% interest on their debt :eek:
imagine a guy unemployed, not working. drinking wine and having parties paying by his credit card with 90% interest.
how long the bank will support him? not only its the end of his living standards, the bank will suffer a loss.
This changes the behaviour of the people. They become LAZY. Totally lazy, non productive legions of consumers who do not want to pay or work for the food.
Same happened in Eastern Europe during comunism.
You cannot feed 11 million people and on top of that fund 90% interest on their debt :eek:
imagine a guy unemployed, not working. drinking wine and having parties paying by his credit card with 90% interest.
how long the bank will support him? not only its the end of his living standards, the bank will suffer a loss.
Quote from DT-waw:
Greeks are supported by social benefits for many years.
This changes the behaviour of the people. They become LAZY. Totally lazy, non productive legions of consumers who do not want to pay or work for the food.
Same happened in Eastern Europe during comunism.
You cannot feed 11 million people and on top of that fund 90% interest on their debt :eek:
imagine a guy unemployed, not working. drinking wine and having parties paying by his credit card with 90% interest.
how long the bank will support him? not only its the end of his living standards, the bank will suffer a loss.
The general Greek population never asked or wanted to be part of the anglo-saxon wealth contest. They were deceivingly brought into the Euro by their politicians, whilst every economist knew they could not stand the chance. They have always been in debt, but used to own their own debt. Gradually their debt has been taken over by IMF, EU.
It's the ususal colonial method by which more powerful entities make great bargains on local assets and gain control on weaker nations markets.
greeks are mad at their politicians, but their outrage is damn too weak and delicate.
together with banksters, they do with nations whatever they want. look at north korea. starvation to death. but the masses do not remove their masters. they just scream and yell and break windows. its not going to change politicians evil plans.
together with banksters, they do with nations whatever they want. look at north korea. starvation to death. but the masses do not remove their masters. they just scream and yell and break windows. its not going to change politicians evil plans.
Has Greece defaulted yet? What's taking so long?