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 new_trader WTF? Can you imagine what a pizza would be like without Kalamata olives?! An Olive would ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 15, 2012, 12:08pm   #11
Joined Sep 2010
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?!
An Olive would be a good emblem for a new PIIGS euro note.
Wouldn't bother Ireland, half of them are spanish ancestry anyway
Liquid validity is offline   Reply With Quote
Old May 15, 2012, 1:28pm   #12
 
scose-no-doubt's Avatar
Joined Apr 2010
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.
__________________
"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, 1:47pm   #13
 
rsh01's Avatar
Joined Nov 2010
Re: Why does everyone care about Greece so much?

Rehypothecation = contagion = global recession
rsh01 is offline   Reply With Quote
Old May 15, 2012, 1:49pm   #14
 
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
Click the image to open in full size.



these are both metaphors for the situation. It should make things a bit clearer.
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old May 15, 2012, 4:02pm   #15
 
scose-no-doubt's Avatar
Joined Apr 2010
Re: Why does everyone care about Greece so much?

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.
__________________
"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, 6:30pm   #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, 7:23pm   #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, 8:06pm   #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 online now   Reply With Quote
Old May 15, 2012, 8:07pm   #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, 8:11pm   #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
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 1:46pm
what are they up to? Do you care? wasp Psychology, Risk & Money Management 33 Mar 8, 2009 11:38pm
Care to recommend a system you bought? rap2win Trading Systems 11 Apr 14, 2007 5:34am
Anyone care to test their TA skills? cassiopeia Technical Analysis 1 Sep 8, 2003 10:59pm

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