dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 CC = Credit Crunch? D = Default? No, it was two D`s - Disorderly Default and one C - Contagion Banker Politician man he no likey. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted January 25, 2015 Share Posted January 25, 2015 Not sure I buy that 100%, but it will start to become a problem definitely when other countries do the same? Think it will be far harder to contain this type of contagion compared to the much talked about financial contagion of the past Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 Not one Prime Minister, President or Chancellor has congratulated Alexis Tsipras on becoming the prime minister of Greece. If it was one of their own it wouldn't be the case. The bbc just did a very awkward handover from Athens, after giving this election result all of four minutes, and moved on to the really important stuff like hoax calls to No. 10, the woman taking us back to the studio looked like she had been slapped in the face It really is transparent at the British B.S Co. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 SKY getting panicky about the C word. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 SKY getting panicky about the C word. Can you stop speaking in letters. Who are you - Bletchley Park!? Quote Link to comment Share on other sites More sharing options...
Limon Posted January 25, 2015 Share Posted January 25, 2015 Think it will be far harder to contain this type of contagion compared to the much talked about financial contagion of the past Political contagion can be... contained... by simply rejecting Greece's demands out of hand and telling them that they can either default unilaterally and lose all support from the EU/ECB, or abide by the terms of their existing agreements. Either one destroys Syriza and establishes that there is no alternative to cooperation with the rest of Europe... Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 By tomorrow morning the BBC should have us all boycotting feta cheese and blaming the Greeks for the decline of Western civilisation. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 "The verdict of the Greek people cancels all problems of austerity" what will Merkel have to say about this? Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted January 25, 2015 Share Posted January 25, 2015 "The verdict of the Greek people cancels all problems of austerity" what will Merkel have to say about this? The Bundesregeierung's stance is that a Grexit is now manageable. They said so a few days ago (and got some heat for it). Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 Blockade on Greek ports? Embargo on exports to Greece? Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted January 25, 2015 Share Posted January 25, 2015 Can you stop speaking in letters. Who are you - Bletchley Park!? He likes to remain an Enigma. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 Can you stop speaking in letters. Who are you - Bletchley Park!? You obviously missed a transmission, report back to base immediately. Quote Link to comment Share on other sites More sharing options...
blobloblob Posted January 25, 2015 Share Posted January 25, 2015 When do we learn how many seats each party has won? Quote Link to comment Share on other sites More sharing options...
Samboy Posted January 25, 2015 Share Posted January 25, 2015 Political contagion can be... contained... by simply rejecting Greece's demands out of hand and telling them that they can either default unilaterally and lose all support from the EU/ECB, or abide by the terms of their existing agreements. Either one destroys Syriza and establishes that there is no alternative to cooperation with the rest of Europe... If they leave there will be endless amounts of people looking to invest in Greece almost overnight. They'll be leaving the Euro not the EU. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted January 25, 2015 Share Posted January 25, 2015 By tomorrow morning the BBC should have us all boycotting feta cheese and blaming the Greeks for the decline of Western civilisation.Aldi have just cut the price By 25%. Clearly the Germans are trying to force deflation on the Greeks. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted January 25, 2015 Share Posted January 25, 2015 If they leave there will be endless amounts of people looking to invest in Greece almost overnight. They'll be leaving the Euro not the EU. No, Syriza wants to keep the Euro, they just want to get rid of the debt. And indeed, how would anyone stop the from using EUR? Just don't pay the debt and carry on as usual... A little bit like Scotland and Sterling had the vote been in favour of independence. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 You obviously missed a transmission, report back to base immediately. DD C Z Y U N F P OG A FETA Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 (edited) Political contagion can be... contained... by simply rejecting Greece's demands out of hand and telling them that they can either default unilaterally and lose all support from the EU/ECB, or abide by the terms of their existing agreements. Either one destroys Syriza and establishes that there is no alternative to cooperation with the rest of Europe... But there are many countries at the negotiating table, some of whom want their austerity cut back as well, this is the trump card, it is not just about Germany and the ECB elites, it is about the "union". No negotiation, no "union" = EZ destroyed? Edited January 25, 2015 by dances with sheeple Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 DD C Z Y U N F P OG A FETA Yes, I like Greek women`s armpits. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted January 25, 2015 Share Posted January 25, 2015 Aldi have just cut the price By 25%. Clearly the Germans are trying to force deflation on the Greeks. The PIIGS desperately need a few years of hardcore deflation. It's much better to solve the problem that way than hyperinflating (and weakening) Germany. If Deutschland blows, there would be some ripple effects in the PIIGS too. So, let's keep Germany as it is and make the PIIGS competitive by lowering their general price and wage level. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 The PIIGS desperately need a few years of hardcore deflation. It's much better to solve the problem that way than hyperinflating (and weakening) Germany. If Deutschland blows, there would be some ripple effects in the PIIGS too. So, let's keep Germany as it is and make the PIIGS competitive by lowering their general price and wage level. How do the PIIGS pay back their debt though if they do that? (they are already doing that anyway) Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 First EU sanctions just being reported - shipments of too tight white male jeans to Greece banned. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2015 Share Posted January 25, 2015 How much is the land worth? Lots of brown field sites in Greece. Just need to bulldoze all the rubble away. Quote Link to comment Share on other sites More sharing options...
blobloblob Posted January 25, 2015 Share Posted January 25, 2015 From the Guardian's 'live' coverage: At least one European finance minister has conceded that there could be scope for negotiation with Syriza, AP reports. Belgium’s finance minister sees some room to discuss the “modalities” of the Greek debt programme with the other eurozone nations after Syriza’s election victory. Johan Van Overtveldt said on the eve of a eurozone finance ministers’ meeting that “we can talk modalities, we can talk debt restructuring, but the cornerstone that Greece must respect the rules of monetary union that must stay as it is.” He told VRT network that even if some things could be changed to accommodate the demands of Syriza, “it is impossible to fundamentally change things.” Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 25, 2015 Share Posted January 25, 2015 How much is the land worth? Worth a lot to the Greeks If they default and get the tourists back? Quote Link to comment Share on other sites More sharing options...
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