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Greekhaustion
I certainly have reached that point.
The following is most certainly an oversimplification of the
situation, but it is as I see it:
Alexis Tsipras is playing the same game of brinkmanship as
creditor banks and Nations are. From where I sit, I think Tsipras
is doing it better in this high stakes game. This is
evidenced by the fact that Greece has not been cut off in all the
years we have been going through this drama. Greece
continues to offer no real solution to its deep troubles, they will
most certainly continue.
I am Greekausted and frankly I wish Greece exits the EU. Why?
Because it virtualy is out. Germany should just admit
this is an unresolvable situation and Greece should be allowed to
exit, and Germany take its lumps and walk away. But that
seems to be the issue, Germany somehow wants Greece in the EU
(because of the favorable trade, most likely, even though trade
between the two countries has to be in the toilet), even though it
knows the Greeks are reluctant to really make the required changes
and without those changes the problem simply cannot go away.
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Presumably a big concern is that Greece could be the first
domino to topple the Union and the Euro. Britain and France could
be next, never mind the debt issues of other EU countries.
cagle.com/20...ummit/
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Author:
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Jester
Debunker
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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06/24/15 at 5:27 PM CDT
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Yes that is the concern, but Greece is totally bankrupt,
it will not pay its debt. Eventually it will leave the Euro, to me
it seems inevitable.
Other indebted countries that gave in to
tough reforms just a few years ago must now be feeling that Greece
is getting away with murder. The precedent being set will
come back to hunt the Euro zone in the future. Certainly,
these indebted countries will use the same tactics Tsipras is
using.
This kick the can down the road
is eventually going t catch up with all the world’s
major economies.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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06/25/15 at 7:17 AM CDT
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The Fed will be expanding its swap lines soon for Greece I bet,
printing fresh dollars to swap for euros to aid liquidity, just
like they did in the 2008 crisis and around 2012 when Greece was a
concern (before it was solved multiple times). So many of these
countries are broke, will never pay back their debt, and are
printing money to buy each others bonds and stocks in a never
ending cycle. Or is it never ending? Interesting times...
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Author:
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Jester
Debunker
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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06/25/15 at 8:32 AM CDT
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lt cap,
If only we could 'time' the Greek 'drama', we could
theoretically monetize it - short Greece/Europe ahead of an
important payment date, go long just before the deadline runs out.
Wish I could be that precise. This could turn out to be a longer
running 'dramatic presentation' than anything on Broadway. So far,
it stays true to the protocol of dramatic productions - the ending
is always the same - and the audience claps (even if it is, as
Jester often terms it, a 'golf clap'), the cast takes a bow, the
play's the thing.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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06/25/15 at 7:14 PM CDT
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