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Damn that is one seerzly effed up photo. Spot on.
Bankers not doing as they are told,unbelievable !!! so far fetched its like American Banks making huge losses but paying out more than the loss in bonuses,cant believe such things would happen in never,never land.
Leo , O Brother, Where Art Thou... ???
Somewhere in Athens, Merkel consoles a despondent Greek PM by phone, "Nevermind, just you enjoy that seven series when it gets there, we got you an M works edition you know"
So what's the news? Does anyone realy expect the EUR weakens against the Dollar because Greek economy weakens?
After all, nice try
Yes. Already happening.
Looks like more Greek islands will be sold off to the Germans before this one's all over. In fact, I wouldn't be surprised if the Squid is working on securitising the Aegean Sea already.
When the balloon is sinking you have to throw ballast overboard. Sorry Greece, you first.
They will default...but only after getting as much money from the rest of us.....and unfortunatly..we will give it to them...
A serious problem with Greece being dumped out of the Euro is a geopolitical one, just take a quick look at Greece on a map and its pretty obvious that the EU needs to keep them on side.
Greek CDSs are the short of the year. China will mop up all their debt to devalue CNYEUR.
There would be nothing wrong with the ECB printing money to keep essential services open if they sequentially destroyed the parasitic shadow banking sector.
But of course their primary objective is to protect their clients revenue stream.
OT I've been meaning to ask you Mr Dork. Could you recommend any blogs or forums dealing with the effects of the GFC on the Irish? I don't mean economics ones but ones dealing with the daily gristle of present day life there i.e, prices, rents, stress and struggles etc Cheers in advance.
NAMA wine lake is one of the best economic / political investigative sites - as for forums on day to day stuff - well I do not need access to a computer to figure that out - most of the sedition begins in a Pub here and we generally have too much drink to remember what we have said - however if we do run out of money for drink things might turn nasty.
JByeats runs a excellent youtube channel where you can get a feel for events - they are planning massive serf killing austerity here to bail out the banks external bonds and prevent a Gold run on the Euro as although we are a small country we have over a trillion in external debt owed to London and the Continent.
And if the USA had HONEST reporting on UE, GDP, etc the numbers would be...
Think about it.
If jim willie is right this is another orchestrated move by china to dump treasuries into euros via greek prop up bond purchases
Becoming one of the toilets of Europe,wonder how many black holes are being filled with debt from other countries just to get it off the books,must be a central banks dream to have a country in such bad shape to ship off all your rubbish to before you shut them down.
Please keep up Bank of Greece I was reading about this on the nineteenth of this month in an article entitled "The official view is that Greece's fiscal situation is improving whilst I feel she is getting ever more insolvent" on notayesmanseconomics.
Last night Papandreou was interviewed on national broadcast from all major TV stations. It was a total fiasco. Papandreou tried to threaten Greeks and blackmailed their vote on the elections of November 7th.
IMF's Stross Can (socialist) and Papandreou's (socialist) and ECB's Trichet (socialist) programm is a total failure.
Greeks are going to vote against this Socialist crap that reduced their standarts of living.
Socialists cause a GENOCIDE in Greece.
Greece, just default already! You can only pretend you are solvent to your creditors for sooooooo long.
What you call default is the result of Papandreou's Socialist politics along with his Socialists companions in IMF and ECB.
His blackmail for the upcoming disapprovement in the elections on November is going to be rejected by the Greeks.
After all Papandreou is the one who blackmails all the world using the default as a threat so that he stays in power.
Beware of the Greeks.........Papandreou et al Socialists on the upcoming elections.
We have solution and we have alternatives
"Greece back in Spotlight" ? I don't want no stinkin' PIGS-greecebacks.
Great coverage of Greece on the American media/propaganda machine...not.
I guess we can't handle the truth. Thanks for ZH and other internet blogs.
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