Tuesday, May 18, 2010
Future predictions anyone....?
Daily Telegraph: Congress blocks indiscriminate IMF aid for Europe
What will happen if Greece defaults and restructures? And how quickly will things take shape?
Posted by tom101 @ 11:02 AM (1010 views) Add Comment
10 Comments
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1. gone-to-colombia said...
Interesting, there was an 'expert' on Today this morning, he was talking about some countries leaving the Euro.
This had only just begun to run.
2. tom101 said...
Perhaps the southern states could have their own temporary currency?
3. orcusmaximus said...
I love this quote -
"Greece is not by any stretch of the imagination too big to fail"
But I hate that this means it will require more of our money to bail them out!
4. alan said...
Houseowner debts became bank debts.
Bank debts became country debts.
Country debts must go somewhere....is that to a Central Bank or IMF ??
5. Crunchy said...
4. alan said...
Yes, that's why the hand outs are shared globally. A bigger pocket to pick.
One fat world, one fat tax, one fat cat,
One fat boss and lots of skinny workers with no rep.
Fantastic if that's your kind of thing.
"Power corrupts absolute power corrupts absolutely."
6. devo said...
Personally, I have changed my mind on Greece. My initial reaction earlier this year was that it had to be saved to avoid a sovereign Lehman. Many posters on this blog cried “shame”, saying it was just another moral hazard rescue for bankers. They were right. I flagellate myself and wear a dunce’s hat.
7. devo said...
BERLIN, May 18 (Reuters) - German Finance Minister Wolfgang Schaeuble plans to ban short-selling from midnight, coalition sources told Reuters on Tuesday.
http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10497764
8. Crunchy said...
5. devo
I thought that you had more in common with me and some others here.
I am stund with your (real news) oversight.
A euro break up without a single world (panacea) currency is the best thing in the long run. This helps protect us all.
Ask Barry O!
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