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GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!

 
Foveras

User ID: 16052530
Greece
05/19/2012 03:51 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Breaking News‏@BreakingNews

G8 leaders express hope that Greece remains in the eurozone -
 Quoting: Luisport


Kicking the can down the road...AGAIN !?!wallhuffy
 Quoting: subzero86


A bit off topic to the Greece situation i know, but why your government wants to join the euro anyway? Can your society handle such a strong currency?
 Quoting: insertfunnyusername


Of course we can't handle such a strong currency, our country is much poorer than Greece was in 2007 and almost as corrupt !

We are already in deep economic trouble ourselves, we've been living of IMF and ECB loans for years now.

But I don't think this will be an issue, we're not scheduled to join the euro until 2014...by then there will be nothing left of the euro zone or the European Unioncool2
 Quoting: subzero86


Hope you get rid off IMF and ECB as soon as possible. They give loans and take back as payment the blood of nations
Love responsibility,
keep saying, I alone
will save the world
If it gets lost, myself only is responsible

N.Kazantzakis
insertfunnyusername

User ID: 16285206
Greece
05/19/2012 03:52 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Breaking News‏@BreakingNews

G8 leaders express hope that Greece remains in the eurozone -
 Quoting: Luisport


Kicking the can down the road...AGAIN !?!wallhuffy
 Quoting: subzero86


A bit off topic to the Greece situation i know, but why your government wants to join the euro anyway? Can your society handle such a strong currency?
 Quoting: insertfunnyusername


Of course we can't handle such a strong currency, our country is much poorer than Greece was in 2007 and almost as corrupt !

We are already in deep economic trouble ourselves, we've been living of IMF and ECB loans for years now.

But I don't think this will be an issue, we're not scheduled to join the euro until 2014...by then there will be nothing left of the euro zone or the European Unioncool2
 Quoting: subzero86


Thought so! Nothing beats a new fresh market for the EU vultures though innit?
Let's hope that this euro circus ends this year as you say. Had too much of it already. Hope you can kick out the IMF cunts out too. Nothing good comes with em. Best wishes.
Anonymous Coward
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Romania
05/19/2012 03:57 PM
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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Thought so! Nothing beats a new fresh market for the EU vultures though innit?
Let's hope that this euro circus ends this year as you say. Had too much of it already. Hope you can kick out the IMF cunts out too. Nothing good comes with em. Best wishes.
 Quoting: insertfunnyusername


I hope that when this is all over there will be something left of the great heritage and tradition of the Greek people !

Hang in there guys !

resist
Luisport (OP)

User ID: 16330357
Portugal
05/19/2012 04:07 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Of four polls published on Saturday, two put SYRIZA ahead and two put the conservative New Democracy party ahead - RTRS
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05/19/2012 04:08 PM
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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Of four polls published on Saturday, two put SYRIZA ahead and two put the conservative New Democracy party ahead - RTRS
 Quoting: Luisport


Is SYRIZA pro or against austerity measures ?
Luisport (OP)

User ID: 16330357
Portugal
05/19/2012 04:11 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Of four polls published on Saturday, two put SYRIZA ahead and two put the conservative New Democracy party ahead - RTRS
 Quoting: Luisport


Is SYRIZA pro or against austerity measures ?
 Quoting: subzero86


radical left... against
insertfunnyusername

User ID: 16285206
Greece
05/19/2012 04:34 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Thought so! Nothing beats a new fresh market for the EU vultures though innit?
Let's hope that this euro circus ends this year as you say. Had too much of it already. Hope you can kick out the IMF cunts out too. Nothing good comes with em. Best wishes.
 Quoting: insertfunnyusername


I hope that when this is all over there will be something left of the great heritage and tradition of the Greek people !

Hang in there guys !

resist
 Quoting: subzero86


hf
resist
Foveras

User ID: 16052530
Greece
05/19/2012 04:37 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Of four polls published on Saturday, two put SYRIZA ahead and two put the conservative New Democracy party ahead - RTRS
 Quoting: Luisport


Is SYRIZA pro or against austerity measures ?
 Quoting: subzero86


radical left... against
 Quoting: Luisport


Sy.riz.a(Συ.Ριζ.Α) actual means Συνασπισμο&​#962; Ριζοσπαστι&​#954;ης Αριστερας ie Coalition of Radical Left. It is a formation of small individual left partys. They have people from the center left to the far right. They say no to bailout but if they get elected I'm not sure what they'll do. As I said i'll probably vote for them but it is not my first choise. My other choise will not get 1% again.
Love responsibility,
keep saying, I alone
will save the world
If it gets lost, myself only is responsible

N.Kazantzakis
insertfunnyusername

User ID: 16285206
Greece
05/19/2012 04:38 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Of four polls published on Saturday, two put SYRIZA ahead and two put the conservative New Democracy party ahead - RTRS
 Quoting: Luisport


Is SYRIZA pro or against austerity measures ?
 Quoting: subzero86


radical left... against
 Quoting: Luisport


Radical left was their ideology when the party was formed.
But their views these late years are not that radical.
Close to socialism with a lot of left views i would say.
insertfunnyusername

User ID: 16285206
Greece
05/19/2012 04:42 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Of four polls published on Saturday, two put SYRIZA ahead and two put the conservative New Democracy party ahead - RTRS
 Quoting: Luisport


Is SYRIZA pro or against austerity measures ?
 Quoting: subzero86


radical left... against
 Quoting: Luisport


Sy.riz.a(Συ.Ριζ.Α) actual means Συνασπισμο&​#962; Ριζοσπαστι&​#954;ης Αριστερας ie Coalition of Radical Left. It is a formation of small individual left partys. They have people from the center left to the far right. They say no to bailout but if they get elected I'm not sure what they'll do. As I said i'll probably vote for them but it is not my first choise. My other choise will not get 1% again.
 Quoting: Foveras


Kazakis?
I wanted to vote for Kazakis but i was sure that he wouldn't get to the 3% mark so the last minute i voted for Syriza.He should take a transfer to Syriza methinks.

Last Edited by insertfunnyusername on 05/19/2012 04:43 PM
Foveras

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Greece
05/19/2012 04:46 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
...


Is SYRIZA pro or against austerity measures ?
 Quoting: subzero86


radical left... against
 Quoting: Luisport


Sy.riz.a(Συ.Ριζ.Α) actual means Συνασπισμο&​#962; Ριζοσπαστι&​#954;ης Αριστερας ie Coalition of Radical Left. It is a formation of small individual left partys. They have people from the center left to the far right. They say no to bailout but if they get elected I'm not sure what they'll do. As I said i'll probably vote for them but it is not my first choise. My other choise will not get 1% again.
 Quoting: Foveras


Kazakis?
I wanted to vote for Kazakis but i was sure that he wouldn't get to the 3% mark so the last minute i voted for Syriza.He should take a transfer to Syriza methinks.
 Quoting: insertfunnyusername

Of course who else. I voted for him. I really hope someday we will see him in a bigger party.
Love responsibility,
keep saying, I alone
will save the world
If it gets lost, myself only is responsible

N.Kazantzakis
Luisport (OP)

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Portugal
05/20/2012 02:35 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Linda Yueh‏@lindayueh

ECB raises limit of Emergency Liquidity Assistance (ELA) program for Greek banks to €100bn from €90bn at May 15 council meeting: Der Spiegel
Luisport (OP)

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05/20/2012 02:42 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
The Greek Government Will Run Out Of Cash In A Few Weeks, And Is Drawing Up Emergency Measures

The next tranche of Greek aid remains up in the air, and tax collections (surprise!) running vastly below expectations, so Greece is urgently trying to come up with a solution to fund itself as it sees its cash pile rapidly dwindling.

Ekathimerini has a good report on the situation:

The public coffers are seen running dry at the end of June, but this will depend on two key factors. First, revenue collection: In the first 10 days of May, inflows were about 15 percent lower than projected but there are fears that the slide may reach 50 percent. The GAO will have a picture for the first 20 days on May 23, while the last three days of the month are considered crucial, when 1.5 billion euros of the month’s budgeted total of 3.6 billion are expected to flow in.

Second, whether the IMF and EFSF installments are disbursed: This is not certain, as the decision will be purely political for both providers and evidently partly linked to political developments. Earlier this month the eurozone approved a disbursement 1 billion short of the 5 billion euros that were expected.

Read more: [link to www.businessinsider.com]

Last Edited by Dr. Acula on 05/03/2013 05:58 AM
Luisport (OP)

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05/20/2012 02:44 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Everyone Agrees: The ECB Is About To Make The Biggest Decision In Its History

All the politicians in Greece (even the mainstream ones) have said they want to renegotiate the bailout agreement.

If the rest of Europe doesn't back down and agree to this, then the ECB will have to make a huge decision.

From JPMorgan

Unless Greece chooses to leave the Euro area, which we doubt will happen, a Greek exit will require the rest of the re-gion to push the country out. The mechanism for this will be the ECB excluding the Greek central bank from TARGET2, the regional payments and settlement system. Although this might look like a technical decision about monetary plumb-ing, the ECB will elevate this to the Euro area heads of state. It will be the most important political decision since EMU’s launch.

And this was from Jefferies' David Zervos
Read more: [link to www.businessinsider.com]

Last Edited by Dr. Acula on 05/03/2013 06:00 AM
Luisport (OP)

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05/20/2012 02:50 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
INTRODUCING THE 'GEURO': A Radical New Currency Idea To Solve All Of Greece's Problems

Here's a radical new idea from former Deutsche Bank Chief Economist and current Senior Advisor Thomas Mayer, based on the facts that a) Greeks don't want to leave the euro and b) they also don't want to continue with the Troika bailout programs as they are currently constituted.

All of the talk to date has been of a binary option for the eurozone between a cooperative Greek government that gets to stay in the euro and a non-cooperative one (presumably led by the likes of Syriza boss Alexis Tsipras) having to exit the euro.

But maybe there's a third option, just because the stakes are so high here. The rest of the eurozone doesn't want to see a Greek exit because of the potential for other countries following suit (whether they contemplate leaving as well or experience similar runs on bank deposits), which would be disastrous.

What would that middle ground look like? According to Mayer, the Troika could decide on "a partial stop in financial assistance, with continuing support for debt service needs and the Greek banking sector but no further support for the financing of the government’s primary expenses."

Thus, the "Geuro" is born:

Assuming that the Greek government is unable to quickly balance its primary budget, a plausible response of the government to the shortage of euro cash as a result of the end of financial transfers would be to issue debtor notes (IoUs) to its creditors, promising payment as soon as fresh euro cash would become available. As creditors lacking euro cash would have to use the IoUs to settle their own bills, these instruments would assume the role of a parallel currency (let’s call it Geuro).

The Geuro would probably quickly be used in most domestic transactions. For the purchase of essential imports, Geuros would have to be exchanged against euros, most likely at a hefty discount of 50% or more. Since an increasing number of domestic goods, services and wages would be paid in devalued Geuros, the export sector could reduce its prices in euro and regain competitiveness against foreign suppliers. The exchange rate of the Geuro relative to the euro would be determined by the primary budget gap of the government that is being filled by Geuro issuance. Political pressure could build for more prudent policies as Greek residents saw their terms of trade decline.

Read more: [link to www.businessinsider.com]

Last Edited by Dr. Acula on 05/03/2013 06:03 AM
Blue Zeus

User ID: 14348632
United States
05/20/2012 08:51 PM
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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Of four polls published on Saturday, two put SYRIZA ahead and two put the conservative New Democracy party ahead - RTRS
 Quoting: Luisport


Is SYRIZA pro or against austerity measures ?
 Quoting: subzero86


radical left... against
 Quoting: Luisport


Radical left was their ideology when the party was formed.
But their views these late years are not that radical.
Close to socialism with a lot of left views i would say.
 Quoting: insertfunnyusername


What is your opinion of this article by Bruce Krastig? He says that the Greek population already regret their vote, and that 70% of them wish to remain with the Euro

He said that at the next election they will re-elect centrists and procede with Austerity

Your thoughts, please?



GREEK SHIPPER: You Will Be Surprised By What Happens In The Next Election



[link to www.businessinsider.com]
insertfunnyusername

User ID: 16285206
Greece
05/20/2012 09:13 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
...


Is SYRIZA pro or against austerity measures ?
 Quoting: subzero86


radical left... against
 Quoting: Luisport


Radical left was their ideology when the party was formed.
But their views these late years are not that radical.
Close to socialism with a lot of left views i would say.
 Quoting: insertfunnyusername


What is your opinion of this article by Bruce Krastig? He says that the Greek population already regret their vote, and that 70% of them wish to remain with the Euro

He said that at the next election they will re-elect centrists and procede with Austerity

Your thoughts, please?



GREEK SHIPPER: You Will Be Surprised By What Happens In The Next Election



[link to www.businessinsider.com]
 Quoting: Blue Zeus


Interesting link Zeus,thnx. Personally i cant see that happening bar a serious election fraud. Either Syriza wins or no govt again. Pro-bailout forces cant win the majority, the people sees them for what they really are now. You never know though what will happens till then. MSM in full force propaganda and blackmail daily.
The shipping industry though, would not like a Syriza govt. They are pro-bailout to the bone like every rich guy in Greece. Shipping industry have a relaxed taxation system by the state something that the left forces are thinking of changing. Cant say something for sure, but Syriza seems to gaining a lot of momentum with the public employees too, who know that if a pro-bailout govt is formed 150.000 of them are about to get the sack. Interesting times.
Blue Zeus

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United States
05/20/2012 10:06 PM
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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
...


radical left... against
 Quoting: Luisport


Radical left was their ideology when the party was formed.
But their views these late years are not that radical.
Close to socialism with a lot of left views i would say.
 Quoting: insertfunnyusername


What is your opinion of this article by Bruce Krastig? He says that the Greek population already regret their vote, and that 70% of them wish to remain with the Euro

He said that at the next election they will re-elect centrists and procede with Austerity

Your thoughts, please?



GREEK SHIPPER: You Will Be Surprised By What Happens In The Next Election



[link to www.businessinsider.com]
 Quoting: Blue Zeus


Interesting link Zeus,thnx. Personally i cant see that happening bar a serious election fraud. Either Syriza wins or no govt again. Pro-bailout forces cant win the majority, the people sees them for what they really are now. You never know though what will happens till then. MSM in full force propaganda and blackmail daily.
The shipping industry though, would not like a Syriza govt. They are pro-bailout to the bone like every rich guy in Greece. Shipping industry have a relaxed taxation system by the state something that the left forces are thinking of changing. Cant say something for sure, but Syriza seems to gaining a lot of momentum with the public employees too, who know that if a pro-bailout govt is formed 150.000 of them are about to get the sack. Interesting times.
 Quoting: insertfunnyusername


Thank you for the intelligent and insightful response!

Its so hard for us outside the country to truly know what the average Greek is thinking, but I had trouble thinking that they were willing to re-elect the thieves the just kicked out

How about the topic of the Euro...do you feel the majority of people you know only feel comfortable with the euro, and would be willing to accept the rest of the difficult package just to stay with the EU?

(and yes, I expect there to be propaganda, strongarming, blackmail, payoffs and the whole gammut of corruption to try and keep Greece in the EU, lest their exit inspire Spain, Ireland and others to do the same)

Always interesting reading your posts, sir, and thanks again

BZ
Blue Zeus

User ID: 14348632
United States
05/20/2012 10:47 PM
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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
[link to www.mirror.co.uk]

Greece is warned: Approve brutal cuts or leave the Euro,


The PM declared the upcoming Greek general election is a referendum on its membership of the single currency


Greece must choose between brutal austerity measures or leaving the euro, David Cameron warned yesterday.

The PM declared the upcoming Greek general election is a referendum on its membership of the single currency.

He said the message to the Greek people is: “You can either vote to stay in the euro with all the commitments you have made, or if you vote another way you are effectively voting to leave.”

Mr Cameron called for “decisiveness” otherwise it would only be “kicking things further down the road”.
Luisport (OP)

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Portugal
05/21/2012 10:06 AM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

TSIPRAS SAYS HELL CAN'T BE NEGOTIATED; MEMORANDUM IS HELL.... But Greek exit is armageddon and apocalyptic? Total adjective overflow

4 min zerohedge‏@zerohedge

JPM'S DIMON: A GREECE DEFAULT IS NOT THE PROBLEM, GREECE LEAVING EURO IS THE PROBLEM
Luisport (OP)

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05/21/2012 11:18 AM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Schaeuble Says France, Germany to Do Everything for Greece/Euro - Will sell Greece all the latest military jets at 5% off
Luisport (OP)

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Portugal
05/21/2012 11:40 AM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Forget 'GREXIT'; Meet 'GEURO' [link to www.zerohedge.com]
insertfunnyusername

User ID: 16046432
Greece
05/21/2012 11:48 AM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

Schaeuble Says France, Germany to Do Everything for Greece/Euro - Will sell Greece all the latest military jets at 5% off
 Quoting: Luisport


Wooow! What a generous soul that mr. Schaeuble is.
He must really care about us. A whole 5%? Can i say offer of the year lads? Quickly Greece, buy that shit. It's not like we don't have a bigger army than Germany already. We could use some more toys. Bailout money and Greek taxpayer paying afterall.

Last Edited by insertfunnyusername on 05/21/2012 11:49 AM
Luisport (OP)

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05/21/2012 11:55 AM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Cut the rating of Spanish banks and the poor results of the largest Portuguese banks have caused a loss of more than EUR 660 million in capitalization of the BES , the Millenium bcp and the BPI .

Within a year, the market value of the BES, Millennium bcp and the BPI fell 61%. Only at the end of last week, after the rating of Spanish banks have been revised downwards again, the three Portuguese private banks lost more than 660 million in market capitalization.

BES was the bank most penalized, having lost about 570 million of value in exchange, as a result of a fall of 22.26% in the share price.

Millennium bcp, that seemed no longer able to fall much more, yet depreciated 4.85%, with its share to fall up to 9.6 cents.


Ler mais: [link to expresso.sapo.pt]
Luisport (OP)

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Portugal
05/21/2012 12:09 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

"The Mourning After" - Argentina Is On The Greek Side, But Why Is The IMF Holding It Hostage? [link to www.zerohedge.com]
insertfunnyusername

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Greece
05/21/2012 12:17 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
...


Radical left was their ideology when the party was formed.
But their views these late years are not that radical.
Close to socialism with a lot of left views i would say.
 Quoting: insertfunnyusername


What is your opinion of this article by Bruce Krastig? He says that the Greek population already regret their vote, and that 70% of them wish to remain with the Euro

He said that at the next election they will re-elect centrists and procede with Austerity

Your thoughts, please?



GREEK SHIPPER: You Will Be Surprised By What Happens In The Next Election



[link to www.businessinsider.com]
 Quoting: Blue Zeus


Interesting link Zeus,thnx. Personally i cant see that happening bar a serious election fraud. Either Syriza wins or no govt again. Pro-bailout forces cant win the majority, the people sees them for what they really are now. You never know though what will happens till then. MSM in full force propaganda and blackmail daily.
The shipping industry though, would not like a Syriza govt. They are pro-bailout to the bone like every rich guy in Greece. Shipping industry have a relaxed taxation system by the state something that the left forces are thinking of changing. Cant say something for sure, but Syriza seems to gaining a lot of momentum with the public employees too, who know that if a pro-bailout govt is formed 150.000 of them are about to get the sack. Interesting times.
 Quoting: insertfunnyusername


Thank you for the intelligent and insightful response!

Its so hard for us outside the country to truly know what the average Greek is thinking, but I had trouble thinking that they were willing to re-elect the thieves the just kicked out

How about the topic of the Euro...do you feel the majority of people you know only feel comfortable with the euro, and would be willing to accept the rest of the difficult package just to stay with the EU?

(and yes, I expect there to be propaganda, strongarming, blackmail, payoffs and the whole gammut of corruption to try and keep Greece in the EU, lest their exit inspire Spain, Ireland and others to do the same)

Always interesting reading your posts, sir, and thanks again

BZ
 Quoting: Blue Zeus


hf Thank you so much for your kind words my friend. I really appreciate it.
I know it's hard for you guys outside Greece to get an honest view of the things happening here. I mean, even a large number of Greeks have no idea of what is really going on. You have to dig really deep to see the truth.
Regarding the euro question, I have already stated some views in my thread about what is really happening here. I don't believe the 80% number stated by the Greek MSM. In alternative and independent blogs 80-85% of the Greeks want drachma. In the MSM 80% of the Greeks want euro. The truth is somewhere in the middle methinks. Rich want the euro, no doubt about that because they got more rich with it. Low and middle class Greeks just want a decent living. Be that with the euro or the drachma they don't care, but they are probably a bit scared what the transition from euro to drachma will bring to the table, so i think is more like 50-50 for now.
What's your opinion about Tsipras BZ? He seems to get a good amount of coverage in the US that no other Greek politician is getting. Not so negative at least compared with the coverage he gets in Europe, which leads me to suspect that Tsipras is USA's next man in Greece for the final part of this play. Time will tell though.
insertfunnyusername

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05/21/2012 12:18 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

"The Mourning After" - Argentina Is On The Greek Side, But Why Is The IMF Holding It Hostage? [link to www.zerohedge.com]
 Quoting: Luisport


Great job with the updates and articles Luis. Keep em coming.
Hope you are doing great.
Luisport (OP)

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05/21/2012 12:25 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

"The Mourning After" - Argentina Is On The Greek Side, But Why Is The IMF Holding It Hostage? [link to www.zerohedge.com]
 Quoting: Luisport


Great job with the updates and articles Luis. Keep em coming.
Hope you are doing great.
 Quoting: insertfunnyusername


Thank's! Yes everything is all right!hf
Luisport (OP)

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05/21/2012 02:39 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
EL-ERIAN: A Greek Exit From The Euro Is 'Probably Inevitable'

PIMCO CEO and co-CIO Mohamed El-Erian told Bloomberg Radio earlier today that a Greek exit from the euro currency is now "probably inevitable," and that Europe, Greece, and the international community should begin preparing contingency plans.

"A Greek exit will be expensive and messy. It's probably inevitable, and therefore we should plan for it. And plan for it is not just the Greek government planning for it. The EU needs to find a way to allow Greece to exit the eurozone but remain with the EU to access funds to stabilize the situation."

He emphasized that this is probably the best of only bad options left on the table for the struggling country:

"The legacy issues are going to be there, but what you've got to offer the Greek people is the hope and hopefully the reality of things getting better in the next 3 to 5 years, and you can only do that through a fundamental change of the set-up right now."...


Read more: [link to www.businessinsider.com]
Luisport (OP)

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05/21/2012 03:21 PM

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Re: GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
zerohedge‏@zerohedge

The Elephant In The Room: European Capital (Out)flows And Another €215 Billion In Spanish Deposit Flight [link to www.zerohedge.com]

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