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I love domino theory. Does this mean UK won't be putting Greece on the terrorist watch list like it did Iceland?
"UK won't be putting Greece on the terrorist watch list like it did Iceland?"
If Blair toady and Uberfuck Gordon Brown doles out Brit tax payer money as political payola to cover uninsured deposits on banks the idiot Darling didn't regulate...
Then extorts Greece into paying Brown for his political payola the way he did Iceland...
And if Greek voters flip Brown the bird he so richly deserved...
Then yes Uberfuck Brown would put Greece on the terrorist watch list...
ESPECIALLY if putting Iceland on the terrorist watch list gave Brown a bump in the polls... Where do you think US politicians learned to be such disingenuous worms? From the mother country...
"Tony Blair can't be a war criminal... he listens to Oasis!" Rob Newman
Can anyone shed any light on the recent machinations for the Iceland referendum? Thanks in advance.
Oh they got their sociopaths locked down pretty good over there. You should see a wonderful analysis of Tony Blair completely faking emotional reactions at princess diana's funeral.
bond yields of the rest of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) have been rising steadily over the past month since a default of Greece will imply that they do not have an implicit guarantee on behalf of Germany, just like the collapse of Lehman Brothers took down the bonds of major banks around the world in September of 08.http://israelfinancialexpert.blogspot.com/2010/01/when-will-euro-collapse.html
So Ireland has made savage cuts in the interest of the ..........Greeks
If they called the Germans bluff their politicians must be great poker players.
The Greeks are not the Irish. Tough austerity measures would have been met with riots in the streets. Brussels knows that.
Who's going to bail Greece out? Turkey? Spain? LoL.
Bernanke and his boss. The guys with all the money. CHINA
One thing is for damn sure it will not be the Euros.
While politically it must ostensibly come from
there it will be indirectly funded by mom&pop.
I call BS. Nobody's going to bail Greece out because they know there's a bailout line forming, and the moment they bail out Greece the line forms in front of whoever bailed them out.
Yeah, I agree. It has to be dawning on the Eurocrats that the EU isn't going to make it through this as a whole. Why throw bad money after good?
Agreed. Germany is unlikely to sign up for a bailout. The prescription for deadbeat nations is devaluation and austerity.
German MoF denying through newswires
You never know, china might sell dollars to buy euros for greece, possibility
France, Germany, Others Studying Aid for Greece, Le Monde Says
Why trade war is very likely to break out this year
By Michael Pettis
By Michael Pettis
French official denies, also.
German MoF have already denied this on newswires
Wednesday, January 27, 2010
Europe Lays Plans for How to Bail Out Greece-NYT
The mechanism of any bailout would be complex since there is doubt as to whether the EU’s governing treaty permits such aid.
The question of whether the International Monetary Fund might become involved in a bailout appears to have divided euro-area governments. Some countries would prefer to see a regional resolution, while others see no problem in working with the supranational lender.
I bet IMF.
i bet China.
China Shouldn’t Rescue Greece by Buying Debt, Yu Says
“Let European governments and the European Central Bank rescue Greece.”
“China should avoid government bonds that offer high interest rates like that of Greece’s, as safety should be the first concern,” said Lu Ting, a Hong Kong-based economist with Bank of America-Merrill Lynch. China should favor debt of countries with a better economic situation such as Germany and leave bailouts to the International Monetary Fund, he said.
"China should avoid government bonds that offer high interest rates like that of Greece's, as safety should be the first concern." So, what we're going to do, is buy more U.S. Treasuries, which are not only unsafe, but low yielding as well.
Greece is really a putrid place that is a banana republic of a country. In actuality, it really shouldn't be considered a country at all. How it ever joined the Euro I will never know.
The people there are backwards as hell, and don't know their ass from their face. The sooner it defaults the better.
Odds of the ECB undertaking an "extend and pretend" strategy via the IMF (or the Fed or China or Mexican drug cartels or just about anyone with a few ducats in their pocket): 99.999%
Odds of the ECB making a stand against a member state and causing a default within the Union (and taking down a goodly number of banks as an after-effect): 0.001%
It's probably even less likely than those odds. Extend and pretend, babies. Extend and pretend.
100% correct. The mechanism will be various banks buy the Greek bonds and receive a guarantee on the old boy network that if push comes to shov ethey will be repaid by their national governments.
Business as usual in the core Euro states.
PIGS? The manatra for the last 18 months is that central europe was going to crack? I didnt. Just more propaganda. Even rates in Hungary have been steadily declining.
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