If Greece defaults - page 2. | Bitcointalksearch.org

TuchiBaba

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Quote from: deisik on August 30, 2015, 06:03:18 AM

Now that Greece has held a referendum with a strong "no" to austerity measures as an outcome and then turned 180 degrees, this doesn't sound plausible by any means...

As to me, Greece default turned out to be a farce

Not at all!

They want to be independant country. Proud. Why not?!
European Union is just a manipulative regulations bitches.
Money buy everything? And they said NO!
Greece FTW!

alani123

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Quote from: Gronthaing on August 29, 2015, 06:35:14 AM

Quote from: alani123 on August 27, 2015, 07:16:57 PM

In the meantime, we got our first ever female Prime Minister.

http://www.theguardian.com/world/2015/aug/27/first-female-prime-minister-for-greece-announced

Some good press among such political instability.

Not that much good press though. The position is temporary, only until the elections. And worst, she was appointed. Not elected. Politics in Greece is dominated by men. Not sure that will change any time soon. But reading the article it's strange that they continue to call Syriza a radical left party. When in reality they barely did anything left, much less radical. Much of it because of their situation but still sounds so wrong.

Quote from: tyz on August 27, 2015, 01:39:00 PM

Greece default is still possible. It is very likely when the new party founded by members of the left wing of Syriza (probably led and/or influenced by Varoufakis in the background) will be part of the next government.

Don't think Varoufakis will be leading it. Panayiotis Lafazanis will. And for now the new party is still small and doesn't have a lot of recognition in polls. But I also believe they will win.

I've been saying the same about Syriza since the first day they were elected. They're radicals only in the name. They used to be a coalition of far left partied but that changed though time. Many MPs left PASOK ('Socialist' party in the name but not in the actions) while it was falling apart to go to Syriza. Syriza gained a lot of support from previously more conservative voters. They were never meant to act as a radical left party and they didn't. But that's made the party bleed. Lafazanis with other MPs left to create their own party and it's going to include the ex-parliament president Zoi Kostandopoulou that previously was with Syriza.

deisik

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Quote from: tyz on August 27, 2015, 01:39:00 PM

Greece default is still possible. It is very likely when the new party founded by members of the left wing of Syriza (probably led and/or influenced by Varoufakis in the background) will be part of the next government.

Now that Greece has held a referendum with a strong "no" to austerity measures as an outcome and then turned 180 degrees, this doesn't sound plausible by any means...

As to me, Greece default turned out to be a farce

bryant.coleman

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Quote from: tyz on August 27, 2015, 01:39:00 PM

Greece default is still possible. It is very likely when the new party founded by members of the left wing of Syriza (probably led and/or influenced by Varoufakis in the background) will be part of the next government.

I don't think that the Popular Unity will enter in to a coalition government where the mainstream parties such as New Democracy and SYRIZA are present. They are diametrically opposed to these parties. IMO, if the Popular Unity is unable to secure a majority on its own (which is almost impossible), they are likely to sit in the opposition. The next government is likely to be a SYRIZA- ND coalition.

Gronthaing

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Quote from: alani123 on August 27, 2015, 07:16:57 PM

In the meantime, we got our first ever female Prime Minister.

http://www.theguardian.com/world/2015/aug/27/first-female-prime-minister-for-greece-announced

Some good press among such political instability.

Not that much good press though. The position is temporary, only until the elections. And worst, she was appointed. Not elected. Politics in Greece is dominated by men. Not sure that will change any time soon. But reading the article it's strange that they continue to call Syriza a radical left party. When in reality they barely did anything left, much less radical. Much of it because of their situation but still sounds so wrong.

Quote from: tyz on August 27, 2015, 01:39:00 PM

Greece default is still possible. It is very likely when the new party founded by members of the left wing of Syriza (probably led and/or influenced by Varoufakis in the background) will be part of the next government.

Don't think Varoufakis will be leading it. Panayiotis Lafazanis will. And for now the new party is still small and doesn't have a lot of recognition in polls. But I also believe they will win.

alani123

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In the meantime, we got our first ever female Prime Minister.

http://www.theguardian.com/world/2015/aug/27/first-female-prime-minister-for-greece-announced

Some good press among such political instability.

tyz

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Greece default is still possible. It is very likely when the new party founded by members of the left wing of Syriza (probably led and/or influenced by Varoufakis in the background) will be part of the next government.

HarHarHar9965

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Quote from: n2004al on August 22, 2015, 12:26:38 PM

Greece will be again in a big mess with the resignation of Tsipras and with the division of Syrisa. The new political appearance will be unknown and very difficult to be managed. This mean difficulty with the partners and withe reforms. I bet that soon will be more troubles there.

I don't think that could be the case, I read that Tspiras has reasons to quit and I think they are satisfactory, he's onto something good don't worry

The political appearance might seem unknown and people will question their managing skills but there would be votes and the authorities would be chosen out of justice so I think It will all be okay compared to what shit people speculate!

Gronthaing

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Quote from: qiwoman2 on August 16, 2015, 09:17:06 AM

Quote from: Gronthaing on August 15, 2015, 07:36:24 PM

Quote from: bitcollins85 on August 15, 2015, 02:46:21 PM

I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

Even more than they have until now. And raise $50 billion they don't have somehow. That's a recipe for disaster. Doubt the country will remain stable throughout it all.

Quote from: eerygarden on August 15, 2015, 07:24:32 PM

Quote from: bitcollins85 on August 15, 2015, 02:46:21 PM

I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

I think they already announced that a third bailout has been agreed.

Yes. But I don't know how that will go. The government will probably face a no confidence vote soon. Most of the members of the party don't support the government in this. If it continues and the vote fails there will have to be new elections.

I personally think the other parties like NDP and PASOK will vote in favor of Tsipras to stay in power but how he will resolve in fighting and Lafasanis with the left platform we shall see. I personally would like to see him say on to fight all the corruption and tax evasion.

Doubt the left platform won't be fighting corruption and tax evasion too. The main difference between them and syriza is they are willing to leave the Euro if needed to avoid more austerity.

Quote from: alani123 on August 22, 2015, 12:56:57 PM

As we're heading towards elections once more, I think it's likely that Syriza will still be the first party. With losses for sure, but I believe that people appreciated the fight Syriza gave and the honesty of the prime minister. It's not like the majority of the Greek population turned radical when voting for Syriza. Staying in the euro was the most desired outcome by Greek people and Syriza went by that direction.

I'm not sure staying in the euro was what the Greeks wanted most. Syriza promised everything: staying in and no austerity. But for these elections, the longer it takes before they are held the more syriza will lose support. The latest austerity measures are the worst so far and are beginning to be felt by the population. So I don't believe syriza will win again. Maybe the left platform will.

n2004al

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Quote from: qiwoman2 on July 20, 2015, 01:08:46 AM

If they really love their country they should be injecting cash into rebuilding it but with another 60,000 companies asking to relocate to Bulgaria to do business, looks like Greeks are not so patriotic as they try to show when going on the streets to protest..

Maybe that Greeks are right. Working in Bulgaria they can do more money than in Greece and with that money help their country investing on it. Investing now in Greece maybe is not worth because of high taxes. So better in Bulgaria then in Greece. But must be patriotic to invest those money in Greece. This is to see.

alani123

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As we're heading towards elections once more, I think it's likely that Syriza will still be the first party. With losses for sure, but I believe that people appreciated the fight Syriza gave and the honesty of the prime minister. It's not like the majority of the Greek population turned radical when voting for Syriza. Staying in the euro was the most desired outcome by Greek people and Syriza went by that direction.

n2004al

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Greece will be again in a big mess with the resignation of Tsipras and with the division of Syrisa. The new political appearance will be unknown and very difficult to be managed. This mean difficulty with the partners and withe reforms. I bet that soon will be more troubles there.

GreenStox

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Quote from: ummina on August 19, 2015, 11:26:06 AM

But in the event of a delayed repayment, according to IMF protocol, Greece could be afforded a 30-day grace period,
during which it would be urged to pay back the money as soon as possible,
and before Ms Lagarde notifies her executive board of the late payment.

And do what, milk the taxpayers more?

They cant pay it, unless they start printing their own worthless money, which will then further downgrade the economy.

I just think crypto currency is their only saviour, from their wreckless government and banks

ummina

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But in the event of a delayed repayment, according to IMF protocol, Greece could be afforded a 30-day grace period,
during which it would be urged to pay back the money as soon as possible,
and before Ms Lagarde notifies her executive board of the late payment.

HarHarHar9965

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Quote from: Eodguy149 on August 19, 2015, 04:59:56 AM

Quote from: ?? on ??

I'm always confused that markets are just looking for a sign of hope that maybe some party will "possibly" lend more money to a broke and insolvent country.

It's crazy to me that Greece willingly put its land into an escrow account so that they could be loaned money to pay back the countries that loaned them that same money. They basically sold their own country so that Europe could print more money and pay itself back. Embarrassed

I think Greece is smarter than that, they made the choice knowing how important their geographical location is, so they would never be overthrown, because they've made allies. If US and Russia war takes place, Greece's location will play a significant role in it. Also, when they became a part of that eurozone, they knew their importance and if they leave the EuroZone, soon there will be none left so Euro won't really kick Greece out either Wink

Eodguy149

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Quote from: ?? on ??

I'm always confused that markets are just looking for a sign of hope that maybe some party will "possibly" lend more money to a broke and insolvent country.

It's crazy to me that Greece willingly put its land into an escrow account so that they could be loaned money to pay back the countries that loaned them that same money. They basically sold their own country so that Europe could print more money and pay itself back. Embarrassed

mrhelpful

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Quote from: risingtide on August 18, 2015, 01:11:40 PM

Quote from: MasterYii on August 12, 2015, 06:42:24 PM

Greek Crisis - Breakdown Of Situation With Mike Maloney
https://www.youtube.com/watch?v=QowxTnF02DU

Its great that this guy explains what most of us know.

But, that guy also a gold selling person on his websites, and other book selling on gold. So the video is more of a indirect pitch to buy your trust as a "come buy my gold by me" since I showed you a educational video and now you trust me thing.

I think it's fine if he really believes in gold. No shame in profiting from something if you think that's what the world needs.

I think his point is overlooked. That hes mentionign its another sales person to increase gold sales.

But yeah, if the world needs gold why not invest in it. Just depends on the sizable risk.

risingtide

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Quote from: MasterYii on August 12, 2015, 06:42:24 PM

Greek Crisis - Breakdown Of Situation With Mike Maloney
https://www.youtube.com/watch?v=QowxTnF02DU

Its great that this guy explains what most of us know.

But, that guy also a gold selling person on his websites, and other book selling on gold. So the video is more of a indirect pitch to buy your trust as a "come buy my gold by me" since I showed you a educational video and now you trust me thing.

I think it's fine if he really believes in gold. No shame in profiting from something if you think that's what the world needs.

GreenStox

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Quote from: Erdogan on August 18, 2015, 12:42:53 PM

Quote from: g1974ak on July 30, 2015, 02:07:09 AM

Quote from: n2004al on July 30, 2015, 02:02:32 AM

Quote from: Erdogan on July 25, 2015, 02:03:21 PM

The inflation (as in a general price increase) can not be determined. If you take into account all prices, the increase or decrease of the prices is solely dependent on the quantity of money and the holding preferences for money amongst the public.

Wrong. There is a very important institution named Central Bank that have as principal duty the control of inflation. There are to many monetary policies that can be used to control this. If the inflation would be not controllable the economy will be in chaos and everyone will have big difficulties in its everyday life.

Correct. If the inflation cannot be controlled every salary or pension will lost his bought power very soon and continuously. So no one will be able to assure their needed things to do a normal life. Needed more money to live normally, more money mean more inflation and this will be a closed circle without end.

^
^^

Overconfidence in the central banks. They either don't know shit, or they don't tell you.

The central bankers have few means to control the exchange rate of the money they manage. For the short run, they can create more money and lower the interest rate (they have to create money to lower the interest rate), and people like that, because the low interest enables investment and spending. But after a while, the new money will be dispersed leading to higher prices over all, which is the same as lower money value.

Otherwise, they can use foreign money reserves to buy up their own money. That works as long as they have more left.

But the whole concept of controlling the money supply is ridiculous.

Yes with higher rates we would have slow economic growth, but it would be much more safe for investors.

I think we should have a permanent 7-15% interest rate, fuck the speculators i dont want my money to lose 99% of its value in 30 years.

Erdogan

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Quote from: g1974ak on July 30, 2015, 02:07:09 AM

Quote from: n2004al on July 30, 2015, 02:02:32 AM

Quote from: Erdogan on July 25, 2015, 02:03:21 PM

The inflation (as in a general price increase) can not be determined. If you take into account all prices, the increase or decrease of the prices is solely dependent on the quantity of money and the holding preferences for money amongst the public.

Wrong. There is a very important institution named Central Bank that have as principal duty the control of inflation. There are to many monetary policies that can be used to control this. If the inflation would be not controllable the economy will be in chaos and everyone will have big difficulties in its everyday life.

Correct. If the inflation cannot be controlled every salary or pension will lost his bought power very soon and continuously. So no one will be able to assure their needed things to do a normal life. Needed more money to live normally, more money mean more inflation and this will be a closed circle without end.

^
^^

Overconfidence in the central banks. They either don't know shit, or they don't tell you.

The central bankers have few means to control the exchange rate of the money they manage. For the short run, they can create more money and lower the interest rate (they have to create money to lower the interest rate), and people like that, because the low interest enables investment and spending. But after a while, the new money will be dispersed leading to higher prices over all, which is the same as lower money value.

Otherwise, they can use foreign money reserves to buy up their own money. That works as long as they have more left.

Topic: If Greece defaults - page 2. (Read 45224 times)