Greece to hold referendum on debt deal

[maple_leafs182]

Now what should happen with Italy? let me guess, bailout...

[bush_cheney2004]

Now what should happen with Italy? let me guess, bailout...

EU can't bailout Italy...too big. Will have to monetize the debt same as USA.

[maple_leafs182]

EU can't bailout Italy...too big. Will have to monetize the debt same as USA.

...well that will only fuck over the people who have savings in Euros. I know you won't agree with me but Italy should default.

[olp1fan]

...well that will only fuck over the people who have savings in Euros. I know you won't agree with me but Italy should default.

they have no choice now but to default

whos next? spain??

Edited November 10, 2011 by olp1fan

[GostHacked]

any bank will tell you that's not permitted, so if you do it it's your own fault...

Actually banks offer this in something they call Debt Consolidation. I've done it a couple times.

Balance of my credit card, with the balance of another loan, and some extra money rolled into another loan at a lower interest rate. Happens all the time.

[GostHacked]

EU can't bailout Italy...too big. Will have to monetize the debt same as USA.

What?? TO BIG TO BAIL OUT???? Ahahahahahahahhaha.

[maple_leafs182]

What?? TO BIG TO BAIL OUT???? Ahahahahahahahhaha.

Monetizing the debt is still bailing them out.

[GostHacked]

Monetizing the debt is still bailing them out.

I was mocking Too Big To Fail.

But here is more good stuff..

http://www.cnn.com/2011/11/09/world/europe/greece-main/index.html?hpt=hp_t1

Athens, Greece (CNN) -- Lucas Papademos, a former banker and European Central Bank vice president, has been named interim prime minister of Greece, the Greek president's office said Thursday.

Papademos was one of several political leaders meeting with Greek President Karolos Papoulias with the goal of forming a new national unity government.

Papademos told reporters the chief task of the transitional government was to implement the controversial bailout package agreed to with European leaders late last month.

He said its formation would allow Greece to "face the problems in the near future in the best possible way."

The new government will be sworn in at 2 p.m. Friday, the president's office said.

Awesome :?

[maple_leafs182]

I was mocking Too Big To Fail.

But here is more good stuff..

http://www.cnn.com/2011/11/09/world/europe/greece-main/index.html?hpt=hp_t1

Awesome :?

Right on, if there is one thing I have learned in these past few years is how capable bankers are at running things, Greece should be back on its feet in no time.

[kactus]

You know out of all these countries UK has done relatively well. It has a deficit four times it's GDP yet has an interest rate almost at par with Germany (always known as the powerhouse of eurozone. That's because of all the right measurements the UK government has in place to keep the credit ratings in check. Even Italy which has a much lower deficit than UK has an interest rate of 7% and possibly a bailout...As for Greece things are bound to get worse before they get any better and that wouldn't happen any time soon.

[GostHacked]

Right on, if there is one thing I have learned in these past few years is how capable bankers are at running things, Greece should be back on its feet in no time.

Ahahahahah, good one.

[GostHacked]

You know out of all these countries UK has done relatively well. It has a deficit four times it's GDP yet has an interest rate almost at par with Germany (always known as the powerhouse of eurozone. That's because of all the right measurements the UK government has in place to keep the credit ratings in check. Even Italy which has a much lower deficit than UK has an interest rate of 7% and possibly a bailout...As for Greece things are bound to get worse before they get any better and that wouldn't happen any time soon.

The UK said no to the Euro and kept the Pound. This is the one thing that made the biggest difference for the UK. But still, they won't be able to avoid the global financial meltdown that currently is taking place.

[olp1fan]

France is in near crisis mode

I wonder who is gonna replace Sarkozy?

The Germans are taking over Europe and replacing the elected leaders with bankers

scary

[GostHacked]

France is in near crisis mode

I wonder who is gonna replace Sarkozy?

The Germans are taking over Europe and replacing the elected leaders with bankers

scary

The EU is starting to come apart at the stitches! It's designed to implode across the board. It's not just the EU. Reports now that China is in a financial crunch. That is pretty bad since China owns a good deal of the US current debt load.

In listening to Celente the past few days he lays it out like this, currency wars, trade wars, then eventual wars.

[olp1fan]

I would like to get off this world

beam me up scotty