GREECE: Massive day in Greece, Huge Demos - Watch Live / Discussion 12th Feb 2012

Greece will default on march 20th

This is bad either way isn't it? If they don't pass its default, if they do pass its crushing austerity and trying to throw money at a hemorrhaging budget that will probably need more money yet again before too long.

I saw a figure posted somewhere, I'm trying to find it, but if greece had been allowed to default when they first ran into budget issues in 2009 they would have 36% less debt now.

Agreed, but i think it will take a revolution to oust the current government, the Greeks will not react very well if the parliament vote this through.

Huge numbers there today... fair play to the greeks.

Last Edited by The Scientist on 02/12/2012 06:35 AM

Whatever! Greece has a economy equal to the state of Indiana!!!! Most over blown bunch doomm shit ever!!!!

it doesnt matter if the Greek politicians do sign an agreement because it will be rejected by troika,you watch and see,this is going to the wire,march 20th 2012

on the 19th of march they will holding emergency meetings and babbling how they hope to sign a deal buts its not going to happen

I read somewhere that the top 5 US banks are responsible for 97% of Credit Default Swaps (CDS), if Greece goes down the CDS cascade begins.

Nobody knows where that would lead, but one things for sure, its not going to be a nice place to be.

Last Edited by The Scientist on 02/12/2012 06:42 AM

its the domino effect,it will cause a finacial tsunami


WW1 was caused by a twat getting shot in the balkans,sometimes little things cause bigger things

Is "Riot-Dog" still alive and in Action?

riot dog is now president of greece

You are missing the point. Its not about the size in money.

In the US, if indiana defaulted it wouldnt really be that big a deal.

But thats not what is happening in greece, their entire country is defaulting.

I don't think it can go to the wire (20th March) because these mechanisms take time to implement, they can't just magic 130 billion into the greeks bank account, i think if they vote no today then Greek 100% defaults and CDS will trigger almost immediately.

We shall see.....World economies are in a total mess! It's like a huge Global Ponzi Scheme!!!

Very tense now in Athens, as students have arrived in front of the parliament - Stopcartel.tv reporter is scared and expects trouble to break out imminently.

Could do with some more live links, anyone?

Last Edited by The Scientist on 02/12/2012 06:49 AM

Yeah, I believe they have to approve the package today to be able to meet a Feb 17th deadline to deal with investors which leads to another deadline, etc etc.

They keep putting things off but I believe today might be one of the last chances to do so.

This is a pretty fucked up situation though. If they don't pass the bill its some kind of unforeseen global economic implications, if they do pass it its 70% write down on greek debt, more and more austerity, more unemployment, and more than likely they'll need another bailout before too long.

Greece has the money to pay its bills right now,the pot runs dry on march 20th,the money will not run out before then making a default impossible untill the 20th March,a stock market crash could happen but i reckon they will prop up the system untill the occult date march 20th

what will happen is they will keep babbling about how the bailout deal must be signed in the next few days(yawn),babbling and repeating the same bile right up untill march 20th

It will also open the door for the rest of the PIGS to demand debt write downs, I know Ireland are seriously pushing for this.

That's weird, I've got two "Live" streams showing two different things.

[link to www.livestream.com]

[link to kanalia.eu]

That second one is definitely not a live video feed of today.

Last Edited by The Scientist on 02/12/2012 06:58 AM

Thanks for the thread, but my sources says it will not be as huge demonstrations as we think.

Thats a good system isnt it ?? borrow money and not pay it back,ha,ha


never going to happen,karl Marx predicted this over a 100 years ago,a world financial crash.

I mean..... they they keep babbling about a 70% debt write down for greece but who is taking the hit ???? they havent mentioned that,they are just taking the piss out of peoples ignorance by spewing gobbledy gook

Actually, it is. Livestream/StopCartel is in replay mode. The big demonstration is set for 10 am EST. Here's a load of links...

[link to www.star.gr]

[link to www.livestream.com]

[link to kanalia.eu]

[link to www.skai.gr]

Check RT later as well. They will most likely have a live stream.

who is more intelligent ??? ,the dog or the people ???????

Looks like your right on that, stopcartel.tv are broadcasting rioting, they should really make it clearer that its not live.

+1

somebody is also predicting a dow crash this week i see

but keep it reinforced till march 20

i rekon the people of greece will bring forward the date

Greek MPs set to accept bailout deal

Unpopular austerity bill sets out €3.3bn in cuts to secure €130bn rescue package from the EU and IMF

never going to happen,Greece will be default on march 20th




they have been spewing the same crap for weeks now,infact its months,a deal is going to be signed in the next few days (yawn) ,i find it amazing people are stupid enough to keep falling for it

I was reading that whole EU budget is about 100 billion euros while EU's Greece support package is 110 billion euros.

Is this fair?! Support bottomless cave for nothing.

[link to twitter.com]


Follow her feed for live english updates on whats being said in parliament


More good links

#12fgr
#Greece

Last Edited by The Scientist on 02/12/2012 08:10 AM

Riot dog is well and was seen today!