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thirdwave

'partial Default' On Greek Debt Agreed By Germans/french

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It has already - asking prices have just risen by 10,000 percent. Swansea is different.

Its all to do with safe haven buying bruv..

Edited by thirdwave

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Isn't partial default a bit like partial pregnancy?

depends which one of you is the father.

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Isn't partial default a bit like partial pregnancy?

Or partial death? I wonder what the ratings agencies have got to say about a partial default?

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Isn't partial default a bit like partial pregnancy?

:lol:

The word of choice seems to be 'temporary' rather than partial or selective default ATM..its all about managing perceptions..

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:lol:

The word of choice seems to be 'temporary' rather than partial or selective default ATM..its all about managing perceptions..

Temporary death...

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Don't you read any other threads :P

It is a "selective default"

I thought it was temporary.

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dont think the UK is exempt from this. uk banks are in the hoc to the greeks by a huge amount. there will have to be another bank bailout and so even more cuts to the ones that havent really even begun yet.

the show is over. they took us too far this time and have totally lost control. the contagion will spread to us soon. you have plummy politicians on the uk tv saying 'ohh the eurozone' and the only reason were not in the same boat is we are in worse shape, but have the short term ability to print our own IOUs and hand them down to the generation below. im not sticking around to pay this with £2 petrol and a £2 loaf. or working until im 70.

i didnt create this mess and i certainly wont play any part sorting it out.

this shitty little coutry cant even house its own citizens or plan anything like a high speed railway without selfishness rearing its head.

i think its time the selfish got their own medicine and should start to repay what they took from us.

they took 10 years off us and expect us to work until we are almost dead to pay the debts of the likes of fred goodwin and adam applegarth.

well, you can if you want to. im not. im making plans to get the hell out of here.

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Or it could be an opportunity...

Here's Hannan's latest:

http://www.telegraph.co.uk/news/worldnews/europe/8650595/A-euro-crisis...-but-also-an-opportunity-for-Britain.html

Where, though, do such plans leave Britain? While keeping the pound saved us from Ireland’s fate, we risk being drawn into the maelstrom. Our EU budget contributions rose by 74 per cent in 2010, and we have additionally taken on liabilities of £12.5 billion – some £500 for every family in the land – to bail out Greece, Portugal and Ireland. The Government’s first objective must be to end this exposure. While some British banks are vulnerable to sovereign defaults in Europe (just as Brazilian, Canadian and Taiwanese banks are), there is no need for our taxpayers to prop up a currency that we declined to join. More than this, we ought to establish ourselves as a haven for those fleeing the uncertainty of the euro – a position which, despite our advantages of size, geography, language and global commerce, we currently cede to the Swiss.

We need to withdraw from EU regulations that inhibit our recovery: burdensome employment laws, rules on mutual access to social security which inhibit welfare reform, the Common Agricultural Policy, the 48-hour week. We should, in short, aim for a form of associate membership, an amplified free trade deal as enjoyed by Norway and Switzerland. And we should make our agreement to the legal changes which the eurozone leaders want contingent on securing such a deal.

The trouble is that we have no list of demands. In the run-up to the general election, politicians in all three parties convinced themselves that even to talk about renegotiating our membership was extreme, swivel-eyed, blah blah. That, of course, was before the crisis hit; but they are now trapped by their decision not to quarrel with the EU in any circumstances. Our officials encourage this attitude, having confused their personal stature in Brussels with the national interest.

The events of the past week ought to have jerked us from our torpor. The calculations made before the election have been overtaken by events. A perfect opportunity is presenting itself...

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Nah, rumour has it that you rang up an EA and they all thought "Feck, a Londoner - you must be banker! Add milions! Add millions!"

I won`t be surprised if this is the case-anything that helps perpetuate the delusion ;) Interestingly a close family member who recently moved to Swansea from London (and bought at peak) was going on about how prices will never drop due to demand from hundreds of Londoners who were doing likewise..Wasn`t able to think of anyone apart from himself when asked to name names though..

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Its likely that this will strengthen the hands of eurosceptics like Hannan but a safe haven a la Switzerland? Most of Southern Europe may be fubr but so is the UK..There may have been a short term surge in gilts but it is likely to be just that once reality sets in..How I wish I hadn`t sold the yellow stuff when it reached £ 600/oz.. :angry:

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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