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More Bad News For Greece: Bailout Rate Now Rumored At 6% For Up To 3 Years
Forget the earlier disclosure about low Greek bailout rates. According to more recent headlines, the loan will be 6% for three years, 7% if longer. This means there is no bailout as Greece can not sustain those kinds of rates, and the EU is merely buying itself time to prepare for the imminent unwind of the EMU.
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Any signs of Greek pitchforks?
And 99% of Americans don't have a clue...
Lulz-phucking-lulz. Like sand through the hourglass, so are the days of our lives. This Club Med soap opera is so freaking tired. I'm going to love watching the next 3 days, weeks or months of this burning bag of dog shit.
One question: If any of this is the least bit possible, why is there no sign of it in the markets as we post?
Good news is good news.
Bad news is good news.
No news is good news.
Good for US they don't need any loans, they will print whatever they need, question; how long?
Said it before and will say it again, they will eventually split the eurozone in two, roughly a 'north' and 'south' zone. That means the currency as well. Won't be greece that does it but it is the first domino.
North = fiscally responsible countries
South = the PIIGS?
Geographically speaking, very different N and S as we've come to know them. Maybe all bad debt should be dumped on Italy and Greece and have them make up the bad South of the EU
I don't understand. How are there *not* bank runs happening in Athens right now?
6%?
LOL?
I already withdrawn my savings. My account has only 10 euros.
Greek PM hidden
First off, I was literally in withdrawal while ZH was down...
I was on floor, covered in sweat, rocking back and forth in the fetal position and I'm pretty sure I shit myself. I found solace in power cave pic and decided the only way out was to go into my cave.... I closed my eyes and saw the American tax payer bent over with a gag ball in his mouth Ving Rhames/ Pulp Fiction style. Big Ben Bernanke was standing behind him, fully naked. Ben B. looked up at me and said...... Slide....
TD you sadistic bastard, you can't do this to us....
one would think the DXY would be parabolic on this news.... Buy???
That is the funny man, lol.
6%?!?!?! Oh, the humanity!!! Somebody call the whambulance.
OTOH, fuck the rent seeking money-out-of-thin-air banks. It took no work to create the money being lent, so why should anyone have to work to pay it off? I feel sorry for no one. I don't care anymore.
http://www.paydayloan.com/ for Greece?
Should I buy a 2 year CD from ally back and get 1.99% or buy a 3 year greek bond and get 6%. So many good choices.
That made me laugh out loud meatloaf. Thanks.
LOL! Champagne comedy. Thx dude.
Did you hear the latest rumor? Greece is going to tell Germany and France to fuck off, and sign a deal with Russia and China to develop Aegean oil. Heard it here first...lol.
ρε Λεο....το Αιγαιο ανηκει στα ψαρια του ;))
nai re vlaka to aigaio aniki stin ellada
Εισαι σ?γουρος οτι ο πρωθυπουργος εχει την ιδια αποψη με εσενα?
einai kairos na kopsete tis komatikes malakies opadoi tis sfaliaras -aftes mas eferan edo
Θα ηθελες πολυ να νομιζεις οτι αυτες μας εφεραν εδω. Η ανικανοτητα της κυβερνησης μας εφερε εδω και μονο αυτη
New item in your series of interest:
IMF Policy Paper: Borrowing Agreement with the Swedish Riksbank
Summary: In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the "Fund"), and with a view to supporting the Fund's ability to provide timely and effective balance of payments assistance to its members, the Swedish Riksbank ("Riksbank") agrees to lend to the Fund an SDRdenominated amount up to the equivalent of EUR 2.47 billion, on the terms and conditions set out in this paper.
http://www.imf.org/external/pp/longres.aspx?id=4432
Ultimately we all know that the Greek bomb has been dropped from the plane; the only real question is the blast radius. The ECB meetings will produce something tangible, watch.
It will be tangible for Germany and a few others, but not Greece. I still say that they are calling Greeces prime ministers bluff and letting him call in the IMF. They know that Greece doesn't want the IMF even with those low interest rates compared to the 6% from the EU if given. They are afraid of the austerity and control that will come from the IMF officials that will essentially have control of Greek banks and govt. spending and will have the ability to make them do the measures they come up with. Those dealing with IMF know it's a deal with the devil and Pompanos knows it and the other countries know it because they put money into the IMF fund.
DOW / SP500 daily chart gives bullish signals as of Friday 9 April. Weekly chart still trends up but continues to warn of an overextended bear market rally.
http://www.zerohedge.com/forum/latest-market-outlook-0
http://i39.tinypic.com/34y4k6t.png
They are closing Madoff's excellency. Only one point away. Would be an excellent investment.
It might also mean that Greece will not use the rescue funds after all.