Why does everyone care about Greece so much?

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Old May 15, 2012, 10:38am   #8
 
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Re: Why does everyone care about Greece so much?

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Originally Posted by new_trader View Post
WTF? Can you imagine what a pizza would be like without Kalamata olives?!
Nice ?
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Old May 15, 2012, 10:41am   #9
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Re: Why does everyone care about Greece so much?

and if you think the media & markets go nuts everytime Greece "spooks the horses", imagine how they'll be when Spain & Italy follow. And I really do think it's only a matter of time. An Italian friend of mine told me you only receive dole money for 2 years if you lose your job. And that's it. OK, extended family will help to a certain degree but there's huge numbers being let go in the last year or so. I can see serious social unrest in that country. And it could all be prevented (or certainly lessened) if we had our own currencies + let the crony capitalists go bust. I think the Germans like the idea of having debt slaves though. Achtung!
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Old May 15, 2012, 10:54am   #10
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Re: Why does everyone care about Greece so much?

Thats why it drags on and on.
Not because there is no solution.
Not because no one can agree.

It drags on because any solution will
leave someone with a destructive parcel of toxic debt / liabilities
when the music stops...
No one is going to volunteer to take it on are they
Cue political wranglings and other associated BS.

Every Govt. and bank wants to be the ones on the sidelines looking at
whoever does land the poisoned chalice with a wry smirk, thinking thank f**k its not me.
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Old May 15, 2012, 11:08am   #11
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Re: Why does everyone care about Greece so much?

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Originally Posted by new_trader View Post
WTF? Can you imagine what a pizza would be like without Kalamata olives?!
An Olive would be a good emblem for a new PIIGS euro note.
Wouldn't bother Ireland, half of them are spanish ancestry anyway
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Old May 15, 2012, 12:28pm   #12
 
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Re: Why does everyone care about Greece so much?

Click the image to open in full size.



these are both metaphors for the situation. It should make things a bit clearer.
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Old May 15, 2012, 12:47pm   #13
 
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Re: Why does everyone care about Greece so much?

Rehypothecation = contagion = global recession
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Old May 15, 2012, 12:49pm   #14
 
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Re: Why does everyone care about Greece so much?

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Originally Posted by scose-no-doubt View Post
Click the image to open in full size.



these are both metaphors for the situation. It should make things a bit clearer.
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