roamer65
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Thu Jun-16-11 08:17 PM
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Stick a fork in Greece...it's days to default. |
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2 year bond rates...30%.
Here's the sovereign default Nouriel Roubini predicted.
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RandomThoughts
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Thu Jun-16-11 08:21 PM
Response to Original message |
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Edited on Thu Jun-16-11 09:13 PM by RandomThoughts
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Imajika
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Thu Jun-16-11 08:24 PM
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2. I suspect Europe will do whatever it takes to bail Greece out.... |
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From what I gather German industry in particular is doing exceptionally well due to the weaker Euro and the concerns about the smaller financially troubled EU countries. Looks to me like keeping things just as they are benefits Germany so much I can't imagine them not making sure Greece gets just enough money to stumble along.
"Stick a fork in Greece...it's days to default."
Is there some new story here are you just throwing that out there?
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DCBob
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Thu Jun-16-11 08:32 PM
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3. The Germans will bail them out.. the cost of a bailout is far less.. |
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than the ultimate long term effect of a Greece default.
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provis99
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Thu Jun-16-11 10:48 PM
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4. The Germans have already stated they won't help. |
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Frankly, I'm a little surprised that Germany hasn't left the EC yet; they don't get any advantages from it.
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DCBob
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Fri Jun-17-11 04:16 PM
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5. Germany, France strike deal on Greek bailout.. |
roamer65
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Mon Jun-20-11 12:54 AM
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6. A majority of Germans want the Deutsche Mark back. |
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The British were very smart not to give up the pound sterling.
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Turbineguy
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Mon Jun-20-11 04:52 AM
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7. Incompetence and corruption. |
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Tax evasion is rampant in Greece.
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Warpy
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Mon Jun-20-11 12:39 PM
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8. Barring a last minute miracle, you're correct. |
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We'll have to see if the IMF gets their tax system under control so that people, especially the richer people, actually start to pay their damn taxes.
Right now, Greece is a teabagger's dream, tax laws on the books with absolutely no enforcement.
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DU
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Thu Oct 16th 2025, 12:35 AM
Response to Original message |