So ...............
27 October 2011, 06:06 PM
#1
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So ...............
The Slippery, Greasey, Greeks get to walk away from half their debts?
Who says to borrow beyond your means is a bad thing to do?
Let them sink .....
Who says to borrow beyond your means is a bad thing to do?
Let them sink .....
27 October 2011, 06:29 PM
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27 October 2011, 06:51 PM
#3
How come it makes it sound like it is the Greek populous that did it?
27 October 2011, 07:26 PM
#4
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Funnily enough, that's not true. That is indeed what the politicians have said but, as with anything uttered by politicians, don't believe a word. Apparently the International Institute of Finance (IIF) have agreed to it but their members, the banks who hold the debts, have not. If Greece was able to do this, then what? Ireland would be straight back to the EU, plus the other ClubMed countries would be on them quicker than a rat up a drainpipe. It'd be a dangerous precedent to set. From the banks POV obviously. For the Greek people, plus the Irish etc, it'd be a result.
But apparently one of the other "details" is that the ECB and IMF will not be writing down their outstanding debts.....
Basically nowt was actually "agreed", no matter what the politicians said ... as usual!
Dave
But apparently one of the other "details" is that the ECB and IMF will not be writing down their outstanding debts.....
Basically nowt was actually "agreed", no matter what the politicians said ... as usual!
Dave
27 October 2011, 08:25 PM
#6
Good point.Seems an easy way to make money! Hear this on news,invest lots knowing market will go up next day
Or is that 'shorting' or something naughty I don't understand?!
Sorry,OT
Or is that 'shorting' or something naughty I don't understand?!
Sorry,OT
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28 October 2011, 06:03 PM
#8
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What a set up that is!
Les
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