Why does everyone care about Greece so much?

This is a discussion on Why does everyone care about Greece so much? within the General Trading Chat forums, part of the Reception category; Originally Posted by scose-no-doubt Can anyone please tell me what options other than default are open to Greece at this ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 15, 2012, 5:30pm   #16
Joined Jun 2011
Re: Why does everyone care about Greece so much?

Quote:
Originally Posted by scose-no-doubt View Post
Can anyone please tell me what options other than default are open to Greece at this point? If the Eurozone politics aren't allowing for a bail out of course.
More hair cuts until there is no longer a debt. Essentially every individual within the euro zone will be paying. The cost will be spread over a long period of time to lessen the shock. Euro/Euro-zone failing is not an option.
BeginnerJoe is offline   Reply With Quote
Old May 15, 2012, 6:23pm   #17
 
scose-no-doubt's Avatar
Joined Apr 2010
Re: Why does everyone care about Greece so much?

That's a default. I want to know what other option(s) there are if any cos I'm in the dark.
__________________
"What the **** is going on here?!" - Mickey B

Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!
scose-no-doubt is offline   Reply With Quote
Old May 15, 2012, 7:06pm   #18
Joined Feb 2002
Re: Why does everyone care about Greece so much?

Options to Greek withdrawal from Euro?
1. Greece becomes a client state to EU, effectively a colony or protectorate, until the debt is worked off. Politically incredibly delicate.
2. Greek and others stay in Euro but northern Euro states move up into a northern league currency - they could call it the Neuro! The Euro and Neuro zones are run independently, so Greece etc. effectively devalue their currencies but the Neuro states underwrite the Euros. You heard it here first.
tomorton is offline   Reply With Quote
Old May 15, 2012, 7:07pm   #19
 
jacknapier's Avatar
Joined Mar 2012
Re: Why does everyone care about Greece so much?

jacknapier started this thread They could get kicked out of the EU. I'm not an expert in European politics, but I'm quite sure the Right Wing parties in Europe would have a field day with that, demanding that their country to be removed from the union.
jacknapier is offline   Reply With Quote
Old May 15, 2012, 7:11pm   #20
Joined Sep 2010
Re: Why does everyone care about Greece so much?

One way or another they will default.
The only thing that will prevent that is lending them more money that can't be repaid.
Greece probably would be better exiting and going back to the Drachma.
Pretty much any solution involves a write down of the debt, no matter how it is disguised.

The mechanics of how that happens, how it is dressed up, and who ends up with
the debt is anyone's guess.
Could be Greece then the rest of PIIGS go back to old currency.
Could be the introduction of more than 1 eurozone currency.
ECB start printing.
Eurozone say F**k it, let the Euro spiral down and let everyone else devalue.

Which one is most likely, or how unlikely some of those events are, who knows.
I'll just go and dust off my crystal ball
Liquid validity is offline   Reply With Quote
Thanks! The following members like this post: Atilla
Old May 15, 2012, 7:37pm   #21
Joined Oct 2011
Re: Why does everyone care about Greece so much?

Are we pretending that greece hasn't already defaulted, we are just waiting for them to fully default, the worry is that it will cause a bank run in spain italy portugal and ireland, as they move there euros to the perceived safety of german banks, causing a 2008 allover again.
eighteen is offline   Reply With Quote
Old May 15, 2012, 8:04pm   #22
 
sinimini's Avatar
Joined Mar 2008
Re: Why does everyone care about Greece so much?

Quote:
Originally Posted by BeginnerJoe View Post
More hair cuts until there is no longer a debt. Essentially every individual within the euro zone will be paying. The cost will be spread over a long period of time to lessen the shock. Euro/Euro-zone failing is not an option.
Don't think you know what your on about mert.
__________________
Playing to Win.
sinimini is offline   Reply With Quote
Thanks! The following members like this post: TheBramble
Old May 15, 2012, 9:11pm   #23
 
new_trader's Avatar
Joined Jan 2006
Re: Why does everyone care about Greece so much?

Quote:
Originally Posted by sinimini View Post
Don't think you know what your on about mert.
The bureaucrats in the Eurozone haven't come up with anything better, in fact they might learn something reading this thread...hopefully about pizza's.

On another note, I noticed 'TheBramble' is back...he must have blown another account just like he has blown another t2w resignation..*lol*

I said he wouldn't last more than 12 months away from this place...Everything is known in advance!
__________________
"It always pays a man to be right at the right time." - Jesse Livermore | Less Marx, More Mises

CLICK - My Trading Journal
new_trader is offline   Reply With Quote
Old May 15, 2012, 10:26pm   #24
 
montmorencyt2w's Avatar
Joined May 2008
Re: Why does everyone care about Greece so much?

As well as the fear of the general pain of a default of Greece per se, I suppose there is also the fear of a domino effect, a precedent having been set.

Could be quite nasty.

"There is no plan B".

I think there is. It's just that no one wants to think about it.

Click the image to open in full size.
montmorencyt2w is offline   Reply With Quote
Old May 16, 2012, 10:09am   #25
 
scose-no-doubt's Avatar
Joined Apr 2010
Re: Why does everyone care about Greece so much?

The Secret Manipulation | 1 Percent Blog
__________________
"What the **** is going on here?!" - Mickey B

Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!
scose-no-doubt is offline   Reply With Quote
Old May 16, 2012, 10:15am   #26
Joined Mar 2012
Re: Why does everyone care about Greece so much?

Quote:
Originally Posted by new_trader View Post
WTF? Can you imagine what a pizza would be like without Kalamata olives?!
Pizza with kalamata olives? NO PLEASE,NO.
Mike Kshemaraja is offline   Reply With Quote
Old May 16, 2012, 10:16am   #27
 
1 Posts
Joined May 2012
Re: Why does everyone care about Greece so much?

Countries in Northern Europe need a country with a Mediteranean coastline for cheap holidays in the sun. Spain, Italy or Portugal would do but Greece tricked their way into the Euro so they have been chosen. I will be having warm Mediteranean holidays on Greek Islands for $200 per week within one year. It is a Franco/German plan.
Just as Mexico suffers being a holiday destination neighbor to the USA. Greece has to go.
Diagonaline is offline   Reply With Quote
Old May 16, 2012, 10:25am   #28
Joined Mar 2012
Re: Why does everyone care about Greece so much?

Germany is the only country that is making money nowadays. They do not mess around, they set the rules and they are profiting. Is just a matter of time before they get in trouble again.
Mike Kshemaraja is offline   Reply With Quote
Old May 16, 2012, 12:56pm   #29
 
new_trader's Avatar
Joined Jan 2006
Re: Why does everyone care about Greece so much?

Quote:
Originally Posted by scose-no-doubt View Post


In a world of managed fiat currencies it baffles me how anyone can think that currency manipulation is going to give one country an advantage over another. There is zero logic to this argument. A country has to live within its productive capacity. They either have to become more productive or cut spending. But Governments hate to cut spending, so rather than being limited to living off the revenue it gets from taxing the productive sector of the economy, they engage in ever increasing deficit spending and promising to pay for it all by taxing the rich more and more...the socialist ideal!

Two pizza shops on the same street operate within the same currency regime so they can’t manipulate currencies in order to compete with one another. They each have to find ways to outcompete by being more efficient and more productive. Somehow, Governments have duped the brain-dead masses into believing that things work differently in the international arena.
__________________
"It always pays a man to be right at the right time." - Jesse Livermore | Less Marx, More Mises

CLICK - My Trading Journal
new_trader is offline   Reply With Quote
Old May 16, 2012, 1:00pm   #30
 
scose-no-doubt's Avatar
Joined Apr 2010
Re: Why does everyone care about Greece so much?

That's really not the point of the article
__________________
"What the **** is going on here?!" - Mickey B

Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!
scose-no-doubt is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
I don't care !!! neil First Steps 21 Nov 13, 2011 5:43pm
Article: Do Brokers Really Care About You? T2W Bot Educational Resources 5 Aug 4, 2011 12:46pm
what are they up to? Do you care? wasp Psychology, Risk & Money Management 33 Mar 8, 2009 10:38pm
Care to recommend a system you bought? rap2win Trading Systems 11 Apr 14, 2007 4:34am
Anyone care to test their TA skills? cassiopeia Technical Analysis 1 Sep 8, 2003 9:59pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)