The Greek bailout flame-out

[Silverbird]

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/05/the_greek_bailout_flameout.html
Rather alarming (but I think correct) analysis of the EU bailout of Greece and how many dominios could fall next...

 

[Buster]

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/05/the_greek_bailout_flameout.html
Rather alarming (but I think correct) analysis of the EU bailout of Greece and how many dominios could fall next...

Is that Greek for Dominos?:toung:

 

[FAB1]

Greeks are SO grateful for 110Billion Euros they are "celebrating" inthe streets dontcha know. some of the festive crowd were chilly so they set a bank on fire..playful folk!

 

[350zCommTech]

Greeks are SO grateful for 110Billion Euros they are "celebrating" inthe streets dontcha know. some of the festive crowd were chilly so they set a bank on fire..playful folk!

I agree with what they are doing, except for the violence against other people.

The bailout money is for the banksters. Greece needs to just default.

 

[Frixxxx]

I agree with what they are doing, except for the violence against other people.

The bailout money is for the banksters. Greece needs to just default.

Agreed!

 

[FAB1]

viva la revoulution!!! yea default or somethimg jist get your sorry butts of the radar screen and effin up the markets. losing money makes me mad. talking about greece okay?

 

[Frixxxx]

Sad that they are killing each other over there....Amazing what happens when the "entitled" start flexing their muscle.....If they put this much effort into destroying things, imagine what they could do if they stopped protesting and started brainstorming on how to not let this happen again to their country.....Stop lashing out, start standing up! And this means you, too!

 

[Viva_La_Migra]

I agree with what they are doing, except for the violence against other people.

The bailout money is for the banksters. Greece needs to just default.

Can't default. The EU hired GE Money to be their collections department.:blink: They'll get harrassing phone calls every five minutes from GE Money if they default!:laugh:

 

[350zCommTech]

Can't default. The EU hired GE Money to be their collections department.:blink: They'll get harrassing phone calls every five minutes from GE Money if they default!:laugh:

That is funny but sadly, there's some truth in it.

 

[Viva_La_Migra]

Sad that they are killing each other over there....Amazing what happens when the "entitled" start flexing their muscle.....If they put this much effort into destroying things, imagine what they could do if they stopped protesting and started brainstorming on how to not let this happen again to their country.....Stop lashing out, start standing up! And this means you, too!

This will be our future if BHO has his way and gets his policies through.

 

[malyla]

This will be our future if BHO has his way and gets his policies through.

What do you mean? Please give specifics on what policies will lead to riots and deaths as seen in Greece.

 

[JTH]

This will be our future if BHO has his way and gets his policies through.

What do you mean? Please give specifics on what policies will lead to riots and deaths as seen in Greece.

It's called the constitution, and when you deviate from it, folks tend to get p!ssed off. Greece is a perfect example of what happens when you let a government get bloated and bogged down. I wonder how a country the size of my back yard can magically lose billions of dollars? Check out that guy's package, no he's not happy to see you, in fact he doesn't want you to stare at his package because he's busy stuffing fist full of dollars down his pants. BaHO is a self-entitled hypocrite, no different than the yahoos running Europe into the ground.

 

[Viva_La_Migra]

What do you mean? Please give specifics on what policies will lead to riots and deaths as seen in Greece.

I started spelling out a detailed dooms day scenario, but I know you liberals would just dismiss it as fiction. I'll put in a few bullet points to give you an idea of where I was going with this thought.

1. Stop expansion of domestic drilling + Cap and Tax = $10.00 per gallon gas.

2. Financial industry reform legislation = unlimited bail out of companies deemed too big to fail and further government ownership of private companies.

3. Value Added Tax is implemented, raising the cost of goods and services over 20%.

4. Small businesses can't make a profit and go under. Unemployment rises to 20%.

5. Amnesty for illegal aliens passes. Illegals no longer need to hide in shadows and do jobs that Americans won't do and start undercutting Americans for better jobs. Unemployment rises to 30% and home foreclosures rise 50%.

6. China refuses to continue lending money to the U.S. in order to pay unemployment benefits, welfare, social security, and medicare. BHO announces that cuts must be made to those programs.

7. With no jobs, no public benefits, no food, no fuel, no homes, and no hope, the people begin rioting in the streets. BHO declares martial law and sends soldiers out to quell the riots.

I hope I'm wrong, but I think this is not beyond the realm of possibility.

 

[nnuut]

Watch out for Portugal!!!!!
05/05/2010 - Updated 10:31 AM ET

European stocks drop again as banks sinkAutomaker BMW posts quarterly profit; Prudential delays share issue

By Sarah Turner, MarketWatch
LONDON (MarketWatch) -- European shares fell in a volatile session on Wednesday, with banks sliding again as Moody's warning of a possible downgrade to Portugal underlined the uneasiness on the state of sovereign finances for countries on the periphery of the euro zone.
After trading as high as 254.29 earlier in the session, the Stoxx Europe 600 index declined 1.5% to 249.27. That added to a loss of 2.9% made Tuesday, a move that dragged the European benchmark into negative territory for the year.
Banks have taken the brunt of the selling this week as investors continue to fret about exposure to the debt of Greece, Portugal and Spain.
Wednesday's notable bank-sector decliners included Spain's BBVA , down 5.8%, Emporiki Bank of Greece owner Credit Agricole , down 3.5%, Natixis , down 7.5%, and Piraeus Bank, down 7.8%.
"The euro zone is not a born out of economics but out of politics. The decision making is political and doesn't follow market rules. By waiting to deal with the Greece problem, it becomes bigger," said Daan Potjer, fund manager at Aethra Asset Management in Amsterdam.
"For that reason, people are now quite anxious and sentiment is quite negative," he added. [more]
http://markets.usatoday.com/custom/...L&guid={AC7EF879-1BB1-4829-849F-5BCCDD566CFC}

 

[FAB1]

no doubt there is commie/unions behind the violence. never let a good crisis go to waste...urgh. oh no apologies for my spellon cuz Om ppsting with a Dare. too hard to clear and fix thr booboos

 

[Steadygain]

Cupcakes and Kittens (which is everyone here)

This may sound cold and heartless - insensitive and uncaring - but that is NOT the case.

The Greeks need to be 'Broken Down' to nothing and essentially stipped down to the bare neccessarities. If I had the POWER - that is exactly what I would do.

NOBODY - deserves to live the way they have lived and expect the benefits and way of life they have come to expect.

Plain and Simply -- You DO NOT live beyond your means.


So Boo Hoo -- your collective misery means nothing to me

 

[nnuut]

Like I said!!!:worried:
Moody's warns Portugal of possible debt downgrade

Moody's warns of possible Portuguese credit rating downgrade as country raises euro500 billion
http://finance.yahoo.com/news/Moody...90.html?x=0&sec=topStories&pos=1&asset=&ccode=

 

[FAB1]

Hey read Athens..I mean ATLAS SHRUGGED. hell yes Bozos policies are heading the US in the same dir. as greece. no its BUSHES FAULT. stay oit the bushes.

 

[malyla]

I started spelling out a detailed dooms day scenario, but I know you liberals would just dismiss it as fiction. I'll put in a few bullet points to give you an idea of where I was going with this thought.

1. Stop expansion of domestic drilling + Cap and Tax = $10.00 per gallon gas.

2. Financial industry reform legislation = unlimited bail out of companies deemed too big to fail and further government ownership of private companies.

3. Value Added Tax is implemented, raising the cost of goods and services over 20%.

4. Small businesses can't make a profit and go under. Unemployment rises to 20%.

5. Amnesty for illegal aliens passes. Illegals no longer need to hide in shadows and do jobs that Americans won't do and start undercutting Americans for better jobs. Unemployment rises to 30% and home foreclosures rise 50%.

6. China refuses to continue lending money to the U.S. in order to pay unemployment benefits, welfare, social security, and medicare. BHO announces that cuts must be made to those programs.

7. With no jobs, no public benefits, no food, no fuel, no homes, and no hope, the people begin rioting in the streets. BHO declares martial law and sends soldiers out to quell the riots.

I hope I'm wrong, but I think this is not beyond the realm of possibility.

Wow! Sounds like the basis for a really bad dystopian movie on the syfy channel. I'll just watch Dr. Who instead. There the aliens are always defeated by us simple humans and the Doctor. I have faith due to not one of the dystopian futures predicted have yet come true.

 

[JTH]

Wow! Sounds like the basis for a really bad dystopian movie on the syfy channel. I'll just watch Dr. Who instead. There the aliens are always defeated by us simple humans and the Doctor. I have faith due to not one of the dystopian futures predicted have yet come true.

Your dismissal of a perfectly plausible scenario shows just how rigid-minded you are.