Greece wants out of Eurozone. Now!

[RealMoneyIssues]

RT Video:

 

[jean.elmelki]

Good!

Get in the G or F fund and stay...wait for the official announcement and the 10-15% quick fall in the markets, especially -I- fund...then jump back into stocks and maybe ride a sustained 15-25% rise in the next few months!

Euro solution will come quicker with Greece gone. Spain and Italy, although bigger, are more fixable.

That's really good to know, thanks.

 

[SteelSaving]

Just waiting on news like this to get the market to drop... You think up to 15% FWM?
That's quite a drop. Think there will be a couple fakeouts along the way?

 

[Warrenlm]

CNBC contributor opinion this morning that Greece will default March 20 to bondholders they are negotiating with but make payments to the banks that hold huge amounts. Opinion continued that such an event will be disorderly and affect other nations' issues quickly. Is that the date others are hearing as a specific date to watch?

 

[Afishegg]

Apparently the march 20 deadline is the date by which they need their next bailout payment of 130 billion euros or they start defaulting, by the articles im reading it sounds like the insiders realize this is gonna be an ongoing thing with greece ( every 6 mos another 100 billion more and so on and so on) and are quietly trying to figure a way for greece to just leave the euro...albeit..in an "orderly" fashion, but as we all know or suspect....fat chance!

 

[FishSqueezer]

And don't forget the other shoe, which may fall first. I believe coolhand had a link to this yesterday, but here's another one. The President has asked Congress to address the Debt Ceiling issue...again. Looks like the deadline will be sometime around Jan. 28. Remember the last time the Debt Ceiling and Eurozone Debacles roughly coincided...early last August....:worried:

 

[PessOptimist]

Does this mean that the wad of Drach's I have, left over from my time in Greece in the early 80s, is worth something?:notrust:

 

[Frixxxx]

Those drachs will never be worth something again.....If they leave the zone, then they will exchange the new currency for Euros. What that exchange rate will be is anybody's guess!

 

[PessOptimist]

Those drachs will never be worth something again.....If they leave the zone, then they will exchange the new currency for Euros. What that exchange rate will be is anybody's guess!

They weren't worth a heck of a lot back then.:laugh:

100 of them (about $.25) would buy you a pita souvlaki with tzatziki. Mighty good road/TDY food.

 

[Bronco07]

And don't forget the other shoe, which may fall first. I believe coolhand had a link to this yesterday, but here's another one. The President has asked Congress to address the Debt Ceiling issue...again. Looks like the deadline will be sometime around Jan. 28. Remember the last time the Debt Ceiling and Eurozone Debacles roughly coincided...early last August....:worried:

Oh yes the August 2011 timeframe is locked in my memory bank, I gambled (as did some others) & found myself on the wrong side of the trade ..... not a good feeling

 

[Warrenlm]

http://www.cnbc.com/id/46021999 Fitch says default will be orderly. I can hear it now, just like the GM bondholders...the rationale for paying them less will be that the owners are those bad speculators who paid a discount price for them. The reasoning for abrogating agreements is .......