RANsquawk EU Review - Greek Elections Update - 18th June 2012

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Cult_of_Reason's picture


GSPG10YR:IND 7.12500 0.25100 3.65%



Alejandrito's picture

It is clear that Spain is in a deplorable economic situation. They need to take a series of deep structural measures, just look at their macroeconomic graphics.

I do not understand is how there are still buyers for its bonds



Cult_of_Reason's picture

The entire Spanish economy is a gigantic Ponzi scheme housing bubble.

Stormy Weather's picture

Actually this is very good news, they will be able to borrow from the IMF and get sound restructurement advices along with it, we can all see how well that works in countries like Ireland and Greece.

harrydog's picture

And climbing - bullish!

Cult_of_Reason's picture

Someone page Draghi and Bernanke STAT !!!!

Peter Pan's picture

Anyone thinking the election result in Greece will herald better days is a fool. No need to say more. Time will disappoint us all.

slewie the pi-rat's picture

the shadow won, again?

no pixie dust for you, peter pan!

evolutionx's picture

No Relief:

PIGS rate exploding again,

ECB fearindicator up



localpacific's picture

Well regarding this EU review one can see what it is doing to the pairs already i.e USD/EUR et al....  Short Term Technical Analysis

Treason Season's picture

Copy'n paste from Telegraph;

The Financial Times has published an interesting opinion piece by Wolfgang Munchau on the continuing woes of the eurozone.

In the case of Greece, the best moment to default would not be now, but next year. The country stills runs a primary deficit - before the payment of interest. A default would make more sense for Spain, but not quite yet. It would be easiest for Italy. It has a large pile of debt, but a low deficit. With an interest rate of more than 6pc and a loss of competitiveness, Italy cannot simultaneously remain solvent and inside the eurozone.

Ghordius's picture

Treason Season, both the Financial Times and the Telegraph are firmly in the "the EUR must die, regardless" camp. Wolfgang Münchau is now writing for years for EuroBonds and whatever the City of London tries to get out of a club of 17 countries to which the UK does not belong.

A country like Greece is at that point where it services it's debt with 20% of it's tax revenues - the informal maximum agreed between all countries. This is what they should take in consideration.

I repeat: both newspapers just talk a banking book based in the square mile. since years.

Treason Season's picture

"...both the Financial Times and the Telegraph are firmly in the "the EUR must die, regardless" camp."

An enemy of my enemy is an ally until ....

Ghordius's picture

LOL - and your enemy is...?

janus's picture


watch and learn well.

i post this under ranskwak for a reason.

the south shall rise agian!!!



we rule; deal with it.

special is special.

PTJ, janus will say this: i'm a' commin...i've seen and i've become.

oh, and that most talented daughter of yours, the song-writer/singer...well, tell her janus sez, holla!


see ya soon, greenwich!

go to hell ole miss,


OutLookingIn's picture

These results change nothing.

Political paralysis will be ongoing.

With the result of continued suffering for the masses.

Some choice on November 6 ~ Tweedle Dee? Or Tweedle Dumb? Same old, same old.

janus's picture

sara eisen,

janus is watchin real-time and is lustin.

green is the new black.

here ya go, sara.  i look forward to meetin you; it will be a spectacle.


help me,


Disenchanted's picture




Who(or what) counts the votes in Greece?


From what I've read elsewhere the results we've been given are "official projections."


The Greek election produced a knife-edge result yesterday, with the establishment parties snatching victory in a narrow race, according to official projections.



Greek Voters Decide to Accept Austerity


so the establishment parties snatch victory according to official projections...


there's a shocker.