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 BeginnerJoe It's a surer bet if the big money "buys" the media, which I believe they do. ...

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Old May 18, 2012, 2:00pm   #46
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Re: Why does everyone care about Greece so much?

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Originally Posted by BeginnerJoe View Post
It's a surer bet if the big money "buys" the media, which I believe they do. What people read are the exact words the big money want them to read.
Yes, a clear legalise dictatorship.
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Old May 19, 2012, 10:02am   #47
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Re: Why does everyone care about Greece so much?

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Originally Posted by montmorencyt2w View Post
Thought the attached summed things up quite well.
(Can't find an online link to it. Someone sent me this)
Click the image to open in full size.

From this picture it becomes clear that EU consists of 28 countries so one has to be excluded...

Last edited by Wwill; May 19, 2012 at 10:09am. Reason: pic included
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Old May 19, 2012, 12:55pm   #48
 
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Re: Why does everyone care about Greece so much?

The Greeks live amongst the ruins of their once glorious past. Once the leaders of enlightenment and civilization but now just a shadow of their former selves.
Every civilization is destined to follow the same road to ruin.
How are the mighty fallen.
Outside pressures, combining with internal disorder reduced them to the pitiful creatures we see today.
Can they pull themselves out of the quagmire - I doubt it. They need inspired leadersip just to get on track even as a minor power.
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Old May 19, 2012, 1:05pm   #49
 
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Re: Why does everyone care about Greece so much?

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Originally Posted by TheBramble View Post
Black boxes stay dark (presumably with the half-dead cat still inside them). So apart from lack of suitable hedge, there is lack of total clarity about what exactly needs to be hedged.
I am sure, contrary to schrodingers paradox, everyone knows the cat is half dead. It just doesn't look too good mtm'd on the pnl.
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Old May 19, 2012, 3:50pm   #50
 
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Re: Why does everyone care about Greece so much?

Greece is about where the ars*hole of Europe would be so ............
A lot of thruflow, not much retained
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Old May 19, 2012, 4:07pm   #51
 
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Re: Why does everyone care about Greece so much?

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Greece is about where the ars*hole of Europe would be so ............
A lot of thruflow, not much retained
And please leave the TP in the bin provided. Wtf?
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Old May 19, 2012, 5:49pm   #52
 
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Re: Why does everyone care about Greece so much?

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Greece is about where the ars*hole of Europe would be so ............
A lot of thruflow, not much retained
It is not just as much about the Greece but it is about the fate of the other countries as well which may be on the verge of the collapse like Greece.
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Old May 20, 2012, 9:33am   #53
 
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Re: Why does everyone care about Greece so much?

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It is not just as much about the Greece but it is about the fate of the other countries as well which may be on the verge of the collapse like Greece.
Politicians really should 'fess up to being responsible for the messes they made of their country's economies. It was Clinton & Blair who relaxed the banking laws so that those fatcats could and did screw up the banking system. Karl Marx, Lenin etc. must have celebrated that one down there !!
Should really put them on trial for negligence and incompetence imho - the suffering they have and are about to cause is considerable.
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Old May 20, 2012, 1:08pm   #54
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Re: Why does everyone care about Greece so much?

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Politicians really should 'fess up to being responsible for the messes they made of their country's economies. It was Clinton & Blair who relaxed the banking laws so that those fatcats could and did screw up the banking system. Karl Marx, Lenin etc. must have celebrated that one down there !!
Should really put them on trial for negligence and incompetence imho - the suffering they have and are about to cause is considerable.
I agree. The entire democratic political system revolves around getting elected and re-elected by bribing the electorate not about being fiscally responsible until the debt becomes unsurmountable.
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Old May 20, 2012, 1:42pm   #55
 
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Re: Why does everyone care about Greece so much?

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I agree. The entire democratic political system revolves around getting elected and re-elected by bribing the electorate not about being fiscally responsible until the debt becomes unsurmountable.
That's so right. Lies and half truths, broken promises etc. No wonder the electorate is searching around for a better alternative.
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Old May 20, 2012, 5:16pm   #56
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Re: Why does everyone care about Greece so much?

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Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... .. Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... Greece ... .. Greece ... Greece ... Greece ... Greece ... Greece ... Greece ...

That's all we've heard in the news since like 2006. At least it seems like it. OK, Greece can't pay off their debt. We get the idea. Why doesn't the market just shrug it off by now? It's like the financial equivalent of the boogey man or something. Everytime they want to scare the market so they can buy they flood the news with BS about Greece's debt.
why ?

because we are all waiting to trash the Drachma again
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Old May 20, 2012, 7:02pm   #57
 
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Re: Why does everyone care about Greece so much?

and why ?

because Greece was the birthplace of western civilization
and culture.
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Old May 21, 2012, 12:01am   #58
 
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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
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.
Options 1. Stay in Euro with possibly a slight easing of austerity with additional cash injection for infrastructure projects and delay payment of debt or

Option 2. Leave Euro with 1 year of acute pains followed by 5-7 years of hard grafting work.


Best fit are events in Argentina when it left the dollar pegg standard imho.

Euro will still be around but probably with select core countries; Germany, the Benelux and maybe France.


At the start I favoured and would have opted for EuroBonds and ECB to print more money to knock the problem on the head to settle the markets but Euro leaders weren't brave enough to embrace the vision they've been shoving down other peoples throats.

Democracy??? Does it exist in Europe? I am thinking increasingly not.

Good ol Greeks will show us how it is done.
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Old May 21, 2012, 12:12am   #59
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Re: Why does everyone care about Greece so much?

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good ol greeks will show us how it is done.
yes.
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