interestrateripoff Posted January 23, 2015 Author Share Posted January 23, 2015 Merkel: Greece must pay its debts German chancellor signals Greek debt mountain must be repaid, during speech at World Economic Forum in Davos I wonder if she offered any tips on how the debt mountain would actually be paid back? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 23, 2015 Author Share Posted January 23, 2015 Greece to need another bailout extension - euro zone officialBRUSSELS - Greece will have to ask for a new extension to its euro zone bailout programme before 1.8 billion euros in pending aid can be paid, a senior euro zone official said on Friday, stressing that a new government must first be in place to do so. Quote Link to comment Share on other sites More sharing options...
R K Posted January 25, 2015 Share Posted January 25, 2015 Jamie McGeever @ReutersJamie 2h2 hours ago The context of today's election in Greece - Depression. RT @Alea_: GDP per capita, Greece Quote Link to comment Share on other sites More sharing options...
billybong Posted January 25, 2015 Share Posted January 25, 2015 http:// uk.reuters.com/article/2015/01/25/uk-greece-election-process-factbox-idUKKBN0KY00320150125 Polling stations open from 7 a.m (05:00 a.m. GMT) to 7 p.m. An exit poll is issued immediately with first official projections from 9.30 p.m. Final results could be announced in the early hours of Monday. Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted January 25, 2015 Share Posted January 25, 2015 (edited) I was trying to figure out what would happen if Greece decided to default on its debt, the answer to which largely seems to depend on who owns it, and I found this Torygraph link from 2012: http://blogs.telegraph.co.uk/finance/matspersson/100015389/in-2015-85-of-greeces-debt-will-be-owned-by-european-taxpayers/ Full marks to Open Europe, whoever they are, for this prediction: As Open Europe has pointed out, Greece will most likely default or be required to take another bailout in three years' time, even with the help of this rescue package. Anyway, assuming the numbers haven't shifted much, only around 12% of the debt - ~35 billion EUR - is likely now owned by Greek banks, insurance companies and maybe some private investors. Greece is in primary budget surplus - i.e. it would have a surplus if it wasn't for interest payments and some spending that counts as investment - so it seems that Alexis Tsipras has some good cards to play. I think the EU will blink first - they can either get nothing or get something, unless they're really dumb they'll go for the latter. edited: spelling Edited January 25, 2015 by TheBlueCat Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 25, 2015 Share Posted January 25, 2015 (edited) First exit polls give Syriza up to 10% lead.... That's enough for an outright majority Edited January 25, 2015 by rantnrave Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 25, 2015 Share Posted January 25, 2015 Come on you Greeks...stick it to 'em. Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted January 25, 2015 Share Posted January 25, 2015 wow! Chris Morris, BBC News, AthensPosted at tweets: If exit polls are correct (...IF...) Syriza could form government on its own. Need to watch how many parties cross 3% threshold. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted January 25, 2015 Share Posted January 25, 2015 wow!Chris Morris, BBC News, AthensPosted at tweets: If exit polls are correct (...IF...) Syriza could form government on its own. Need to watch how many parties cross 3% threshold. Looking that way, super mario is not looking that super at this moment in time ,,,could be fun and games tomorrow Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted January 25, 2015 Share Posted January 25, 2015 (edited) Looking that way, super mario is not looking that super at this moment in time ,,,could be fun and games tomorrow It could indeed. This is the moment where democracy comes face to face with EU bureaucracy. I wonder which one will win? Edited January 25, 2015 by TheBlueCat Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted January 25, 2015 Share Posted January 25, 2015 The exit polls suggest that the far-right neo-Nazi party Golden Dawn could come in third place despite nine of its 16 MPs being held in jail on charges of extortion and weapons possession. Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted January 25, 2015 Share Posted January 25, 2015 It could indeed. This is the moment where democracy comes face to face with EU bureaucracy. I wonder which one will win? Well if previous refrendums on the EU constitution are anything to go by they will simply make them keep voting until they get the desired result Quote Link to comment Share on other sites More sharing options...
pipllman Posted January 25, 2015 Share Posted January 25, 2015 surely some twitching rings in Brussels and the offices of the ECB just now Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted January 25, 2015 Share Posted January 25, 2015 E1.40 to £ tomorrow? Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted January 25, 2015 Share Posted January 25, 2015 (edited) surely some twitching rings in Brussels and the offices of the ECB just now I'm hoping that Mario Draghi and Jean-Claude Juncker are currently choking on their EU taxpayer provided foie gras and Cristal Brut. Edited January 25, 2015 by TheBlueCat Quote Link to comment Share on other sites More sharing options...
Samboy Posted January 25, 2015 Share Posted January 25, 2015 wow!Chris Morris, BBC News, AthensPosted at tweets: If exit polls are correct (...IF...) Syriza could form government on its own. Need to watch how many parties cross 3% threshold. Hope so as no other blackish swan event seems to have any effect on the markets. Quote Link to comment Share on other sites More sharing options...
pipllman Posted January 25, 2015 Share Posted January 25, 2015 looks like the Greeks will need another election - this one seems to have given the wrong result Quote Link to comment Share on other sites More sharing options...
long time lurking Posted January 25, 2015 Share Posted January 25, 2015 Well if previous refrendums on the EU constitution are anything to go by they will simply make them keep voting until they get the desired result Syriza don`t want out of the EU they want the debt the country owes reduced ,they will not continue with the EU`s austerity plan, they either get what they want or they default ....if the guy has the balls they hold all the trump cards The last thing the EU wants is Greece leaving,if they did and it turned out to be a positive move for them (see Iceland) i could well be game set and match for the EZ as the rest of the PIIGS might well follow BIG can of worms maybe well and truly open by tomorrow morning Quote Link to comment Share on other sites More sharing options...
long time lurking Posted January 25, 2015 Share Posted January 25, 2015 surely some twitching rings in Brussels and the offices of the ECB just now Nah they aint got time for that they are in the xerox room printing out Greek ballot cards Quote Link to comment Share on other sites More sharing options...
cool_hand Posted January 25, 2015 Share Posted January 25, 2015 It's on. Greece will be out of the EU by end of year. Other countries to follow. F*** the EU. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted January 25, 2015 Share Posted January 25, 2015 It's time to have proper bankruptcies where bankruptcies are appropriate and needed. After that, the healing can start. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted January 25, 2015 Share Posted January 25, 2015 It's time to have proper bankruptcies where bankruptcies are appropriate and needed. After that, the healing can start. I think time will tell ...all depends on the new greek leader if he`s true to his word i would say you are right but will he stand his ground ...hope so Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 surely some twitching rings in Brussels and the offices of the ECB just now Probably some twitching in any EU capital where there is an election coming up in the coming months Hopefully global markets will go red tomorrow. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 Must be a lot of cheesed off Greek New Democracy former MPs in Greece tonight seeing that about half of them just lost their jobs. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 I think time will tell ...all depends on the new greek leader if he`s true to his word i would say you are right but will he stand his ground ...hope so The EU has plenty of baubles and wonders to show EU leaders - apparently there is a treasure trove of wonders in Brussels reserved only for those who lead us... but who also fall into line... wonders I tell you. Quote Link to comment Share on other sites More sharing options...
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