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Topic: EU and Greece talks fail! another cyprus moment looms! - page 2. (Read 3300 times)

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
There's no reason why the Euro zone should explode because of one smallish country leaving the club.
Then, it's very different from Cyprus, there aren't many wealthy people with big assets in Greek banks.

Most if not all Euro zone countries have financial problems.

Greece and Portugal already caused trouble to Euro zone, Greece leaving might start a trust crisis or something

When the Spaniards and the Portuguese will see what happens if Greece leaves the Euro, they'll shut their mouth. There won't be any domino effect. Greece will just collapse if it leaves the Euro. Thousands of Greeks will emigrate to other countries, and there will be people starving among those who stay, I mean people dying from hunger, if the country leaves the Euro. Imagine that all civil servants, all policemen, will no longer receive a salary, and that the people who have money in the bank will not be able to withdraw it. Nobody wants that, unless those who don't understand the situation.
full member
Activity: 154
Merit: 100
talks between greece and European union have failed miserably and now if this continues the  eurozone will break down with greece exit and euro will tumble down..

financial markets across world will have shocks from this..greece will have to find a new currency..

A lot of capital will flow out of greece which means there is a chance that people will use bitcoin to protect their money..

https://www.youtube.com/watch?v=BSnAyJ_0AmU

It would be crazy if they accept bitcoin as their currency .
legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
Can someone tell me how all of this started exactly? Why is Greece having issues, moreover wanting to/having to ditch the Euro?

Hotspots: Greece (1/2) - MaxKeiserTV - https://www.youtube.com/watch?v=bISfaVkszo0

Hotspots: Greece (2/2) - MaxKeiserTV - https://www.youtube.com/watch?v=LnsWEXqhd7M

Keiser Report: Greece, Beware Bureaucrats & Bankers Bearing Bailouts (E716) - https://www.youtube.com/watch?v=_gg3qK_gYkI

Keiser Report: Hidden Truth About Greece (E714) - https://www.youtube.com/watch?v=84j6DzzzyK8
legendary
Activity: 2926
Merit: 1863
...

Cyprus should have been the wake-up call to everyone to have a "Plan B" and even a "Plan C" re preserving wealth...  And, IIRC, it was the middle class in Cyprus who got screwed the worst.

BTC is perfect for taking out a large amount of wealth.  I read at Zero Hedge recently that sales of gold coins are up sharply in Greece.  I would think that Bitcoin would be an even easier way to get some money OUT of Greece.

I would be looking very hard at buying BTC were I a Greek...
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
talks between greece and European union have failed miserably and now if this continues the  eurozone will break down with greece exit and euro will tumble down..

financial markets across world will have shocks from this..greece will have to find a new currency..

A lot of capital will flow out of greece which means there is a chance that people will use bitcoin to protect their money..

https://www.youtube.com/watch?v=BSnAyJ_0AmU


wait ..what?! people are going to use bitcoin to protect their money? like they did last time and lost 80% of their investment..
I agree the situation looks bad for them, but i doubt that it has anything to do with bitcoin.
And EUR stability wont be affected much by this, its only Greece, its small and miserable, EU will swallow it, like it allways did.
cheers
hero member
Activity: 700
Merit: 501
Been saying it all along and I got told as a crazy individual by claiming Greece would go out of the EUR. It's happening guys.
legendary
Activity: 4130
Merit: 1307
Impose capital controls in Greece or repeat the mistake of Cyprus

Anyone in Greece should be preparing for this now.

Check this article out today:
http://www.ft.com/intl/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html?siteedition=intl#axzz3S0aNG78l

By Hans-Werner Sinn
Quote
Another crisis, another insidious bout of capital flight. In Greece today, as in Cyprus three years ago, depositors are withdrawing bundles of euro notes to be spirited out of the country. Most of all, investors are rushing to make electronic transfers to banks elsewhere in the eurozone. In December 2014 alone, €7.6bn were sent abroad, equivalent to about 4 per cent of Greece’s economic output.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. http://www.ft.com/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html#ixzz3S0aqWrE8

In 2012, Cyprus was in a similar bind. Wealthy Cypriots (and foreigners who had deposits there) tried to whisk their funds to safer places, draining liquidity from the island’s banks and threatening them with insolvency.

The Cypriot central bank kept the system afloat by lending out €11bn of newly created money under a protocol known as Emergency Liquidity Assistance. These funds were in effect borrowed from other eurozone central banks, which put euros into the new accounts outside Cyprus that were being set up by fleeing investors.
...
sr. member
Activity: 453
Merit: 254
There's no reason why the Euro zone should explode because of one smallish country leaving the club.
Then, it's very different from Cyprus, there aren't many wealthy people with big assets in Greek banks.

Most if not all Euro zone countries have financial problems.

Greece and Portugal already caused trouble to Euro zone, Greece leaving might start a trust crisis or something

Let them see what happen when Greece default and Greece must ask to the market to loan money to the government.


legendary
Activity: 1288
Merit: 1000
There's no reason why the Euro zone should explode because of one smallish country leaving the club.
Then, it's very different from Cyprus, there aren't many wealthy people with big assets in Greek banks.

Most if not all Euro zone countries have financial problems.

Greece and Portugal already caused trouble to Euro zone, Greece leaving might start a trust crisis or something
So that is a good sign if they leave. Euro as currency for everyone was a bad idea  after all. European Union must fall.
hero member
Activity: 526
Merit: 500
i don't think it will have any impact on bitcoin price
but yes, it will affect EURO against other currencies
1USD = 1EUR seems possible
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
Most people in the market no longer expect BTC price responding to this kind of events, but... you never know, expect the unexpected.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
Can someone tell me how all of this started exactly? Why is Greece having issues, moreover wanting to/having to ditch the Euro?
https://www.youtube.com/watch?v=kpTAuivTqKE#t=50m11s
legendary
Activity: 1120
Merit: 1000
There's no reason why the Euro zone should explode because of one smallish country leaving the club.
Then, it's very different from Cyprus, there aren't many wealthy people with big assets in Greek banks.

Most if not all Euro zone countries have financial problems.

Greece and Portugal already caused trouble to Euro zone, Greece leaving might start a trust crisis or something
sr. member
Activity: 427
Merit: 250
Biggest fail is to think that cyprus had any effect on BTC price at all.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Can someone tell me how all of this started exactly? Why is Greece having issues, moreover wanting to/having to ditch the Euro?
legendary
Activity: 1372
Merit: 1252
There's no reason why the Euro zone should explode because of one smallish country leaving the club.
Then, it's very different from Cyprus, there aren't many wealthy people with big assets in Greek banks.

Lol, things may not be as simple as you think. Like said before by the poster above, domino effect will ensue. It's all about giving an image. This damages EUR image.
Q7
sr. member
Activity: 448
Merit: 250
If they do leave, high chances euro will be able to restructure back their system and grew stronger. However, more interesting is the impact on how Greece is going to find a way to settle back all the bailout funds provided to them from the eu countries. They cannot continue forever like this.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
Domino effect no matter how this plays out, things will be ugly.
hero member
Activity: 616
Merit: 500
1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr
There's no reason why the Euro zone should explode because of one smallish country leaving the club.
Then, it's very different from Cyprus, there aren't many wealthy people with big assets in Greek banks.



That is true but what if Spain, Portugal and Italy for example one day decide same as Greece? In my opinion, Greece is only test but lot of countries in EU have big debt problem.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
There's no reason why the Euro zone should explode because of one smallish country leaving the club.
Then, it's very different from Cyprus, there aren't many wealthy people with big assets in Greek banks.
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