If Greece defaults - page 22. | Bitcointalksearch.org

deisik

legendary

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Quote from: ?? on ??

When you add all the money owed to cover current and future liabilities in entitlement programs, the US is actually in worse financial shape than Greece.

The difference being that the US government can print as much dollars as they see fit and get away with it through inflation (or quantitative easing, you name it) while Greece cannot print euros at all

Quote from: JackH on June 05, 2015, 03:31:37 AM

Looks like this just came closer to happening!

Greece has told the International Monetary Fund it will delay Friday's €300m (£216m) debt repayment and bundle all four of its June payments together.

http://www.bbc.co.uk/news/world-europe-33009034

30 days for 1.5 billion or we will see a financial crisis worse than Lehman.

It seems that they have something up their sleeve. Probably some secret deal with Russia or China. It is not the first time payments to the IMF are postponed without entering a default phase, so they apparently take it to the limit...

For how long has the exit phase been going already?

JackH

sr. member

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Looks like this just came closer to happening!

Greece has told the International Monetary Fund it will delay Friday's €300m (£216m) debt repayment and bundle all four of its June payments together.

http://www.bbc.co.uk/news/world-europe-33009034

30 days for 1.5 billion or we will see a financial crisis worse than Lehman.

qiwoman2

legendary

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Oikos.cash | Decentralized Finance on Tron

Soimble wants Greece out but not for the same reasons I do. If Greece leaves the EURO it has plenty of allies to work with outside of the Eurozone. A Grexit will NOT be catastrophic for the Greeks at all but it will be for America's domination over the region since the end of the 2nd world war. Remember that after ww2 Greece went into a 4 year Civil war which claimed more lives than the 2nd world war did so it is hard for the U.S to let Greece go to Leftist/communist allies. That's all the real panic of a grexit. Greece should head a balkan or Medi Union to be honest. Cheesy

STT

legendary

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ECB fears the losses from greece leaving will be greater then any cost of bailout to them. So its unlikely they will leave as Greece itself believes it will be worse off also, I can only see them doing it as a nuclear option from some sort of nationalist thinking. While Greece imports they want to be in euro, if they were more self sufficient it would more attractive to them to leave I think.
The problem for Euro is how do you maintain a standard while compromising, it just seems to be about saving face as Greece never actually qualified to join in a proper sense and for the sake of integrity should not be in the EURO yet they are and this is politics not any kind of science or maths related problem

yayayo

legendary

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Quote from: Pab on June 04, 2015, 03:59:17 PM

Last news andanswer on my own question

Greece moves closer to eurozone exit after delaying €300m repayment to IMF

http://www.theguardian.com/business/2015/jun/04/greece-delays-300m-payment-to-imf

Looks like german dax will have strong opening tomorrow and Legarde and Merkel will have weekend fuck up

Syriza is stronger than thay thought
Bravo Greece

For the eurozone it would be highly desirable that they leave rather sooner than later. But I doubt they will let this happen. Rather they'll throw more billions down the drain.

I think we will see more months of endless drama with the EU finally supporting further aid out of fear of contagion effects from a Greece dropout. The Euro will then continue its decline.

ya.ya.yo!

Febo

legendary

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Quote from: Erdogan on June 04, 2015, 03:12:42 PM

Quote from: ?? on ??

From all of the fiat scams, the Euro is in fact the "cleanest dirty shirt" in the pile. Eventually the world will figure this out. But winning at retard olympics is not an accomplishment.

It was, but with Draghi, no more. He stole all the euros!

I have few here. So i am positive he did not stole all. Wonder how much prison he will get. If in USA you get life time prison sentence if you dont pay taxes, then in Europe someone who stole almost all Euros, should get at least few years of prison.

Pab

legendary

Activity: 1862

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Last news andanswer on my own question

Greece moves closer to eurozone exit after delaying €300m repayment to IMF

http://www.theguardian.com/business/2015/jun/04/greece-delays-300m-payment-to-imf

Looks like german dax will have strong opening tomorrow and Legarde and Merkel will have weekend fuck up

Syriza is stronger than thay thought
Bravo Greece

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: pereira4 on June 04, 2015, 01:14:15 PM

What we don't know, and can't know, is the inside story.

We don't know how well prepared are the Greeks for an exit. We don't know if they are negotiating with the Russians and Chinese.

It's too early to judge what took place at this point. Maybe the Greek people got screwed over again, and maybe not.

Thay were negotiating with Russians,but Russia has empty pockets .Point is than Greeks are not prepared to anything,thay dont have any plan,for Syriza is good how it is now
Do you think thay will pay 300mln to IMF tomorrow,if not IMF will has nice surprice and taff weekend

Erdogan

legendary

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Quote from: ?? on ??

From all of the fiat scams, the Euro is in fact the "cleanest dirty shirt" in the pile. Eventually the world will figure this out. But winning at retard olympics is not an accomplishment.

It was, but with Draghi, no more. He stole all the euros!

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: V for Varoufakis on June 02, 2015, 09:18:56 AM

Greece can print billions or trillions drachmas to pay the debt. Its very easy. They dont need euro or dollar.

Sure,much betterfoor them is back to drachma,thay will have painful two years than his economy will stabilise
but Tsipras is not for that and it could be huge problem for German banks,his pyramids may fail

All that is very much depend on Merkel,Germany is EU hegemon only UK hassomething to say,France is just Germany waiter

pereira4

legendary

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What we don't know, and can't know, is the inside story.

We don't know how well prepared are the Greeks for an exit. We don't know if they are negotiating with the Russians and Chinese.

It's too early to judge what took place at this point. Maybe the Greek people got screwed over again, and maybe not.

Febo

legendary

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Merit: 1288

Quote from: Coinbanker on June 03, 2015, 11:30:28 PM

They can't get out of this huge debt. only can postpone it. bankrupt is inevitable,

Why are you so sure. Do you know how big Greece is? Do you know how many islands they have? Do you know how much one island cost? If they want and sell few they can pay off all easily and even lend some money to those in need.

Fabrizio89

hero member

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It will happen what everyone doesn't expect, the Euro will pump to the moon and Bitcoin will crash to the ground.

Gronthaing

legendary

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Quote from: V for Varoufakis on June 02, 2015, 09:18:56 AM

Greece can print billions or trillions drachmas to pay the debt. Its very easy. They dont need euro or dollar.

They can print but no one would take them. The drachma would be too devalued for anyone to accept. And then the problem is Greece produces very little. So it has no way to import what it needs or get other currencies to pay the debt.

Quote from: Coinbanker on June 03, 2015, 11:30:28 PM

They can't get out of this huge debt. only can postpone it. bankrupt is inevitable,

They can get out of it if part of the debt is forgiven. Or better conditions to repay are given to them. It wouldn't be the first time this happens to a country. Not sure why it's a problem here.

Coinbanker

full member

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bitcoin supporter

They can't get out of this huge debt. only can postpone it. bankrupt is inevitable,

Pab

legendary

Activity: 1862

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You can watch here live updates from Greece battle field,often hour by hour

http://www.theguardian.com/business/live/2015/jun/03/greek-creditors-bailout-terms-tsipras-ecb-draghi-live

bit thruth is same was in January,March,if thay will get that 7 bln,than what next,thay will have only much higher debt

Pab

legendary

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Quote from: thy on June 01, 2015, 10:33:51 PM

Quote from: Pab on June 01, 2015, 05:16:39 PM

Sometimes i feel Greece case is so much martketed in media.Portugal already rejected any EU financial help,thay have huge debt,but his debt stop to grow,and now more and more investors are coming there,just becouse thay are EU,IMF free

Greece is picture of big problem what is all EU,IMF,money printing

Finally it has comeback to normal economy,investing instead of rising taxes and cutting spending
If that wil not happen euro will fail andaftereven EU may fail and then reborn one time again

Next victim after Greece will be Poland, i know becouse i am from that country

Why do you think Poland will be targeted by EU and IMF, looking at the debt to GDP numbers Polen was only at something like 50.1% debt to GDP ratio by dec 2014, is the debt growing fast in Polen at the moment ?
If one looks at USAs numbers for example 105.06% in 2015 up from 72.5 % 2012, they look to be in way worse shape than Polen.

The truth is we haveeven bigger debth than Greece,but investors are still buying our bonds,but it can turn in opposit,Dont compare USA to Poland,thatwhat is possible in a case of USA is not possible in Poland and it is even not possible in a case of all EU

In case of Poland,Poland did some work on his books and now Poland set regulation tha tallow to print,we didnt print even a penny in the time of 2008 crisis,now all Poland is big fraud,and all Polish banks are daughters of westerness banks,Spanish,Italian,French,German even Portugal,whowill pay in a case of banking crash,All banks,both mother and daughter

but in a case of Europe,France is just one tic tac bomb,death economy and public debth aroun 100% of GDP,same is with Italy,but that media are not talking about,One speculation attack may cause Germany crash,all investorsare running for his bonds like a safe heaven,somesmart speculators with some money can cause a panic .EU is 28 diffrent nations not one big economy system

manselr

legendary

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Quote from: V for Varoufakis on June 02, 2015, 09:18:56 AM

Greece can print billions or trillions drachmas to pay the debt. Its very easy. They dont need euro or dollar.

This wont end until Greece is taken off life supprt. Which means an EXIT, of course. Is there any opther option?

Apparently the Troika is willing to keep talking, and to bleed Greece dry for as long as it takes. Therefore a Greek Exit is only likely to come when half-a-million citizens stage protests and riots in Athens. This probably will happen!

V for Varoufakis

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Greece can print billions or trillions drachmas to pay the debt. Its very easy. They dont need euro or dollar.

thy

hero member

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Merit: 500

Quote from: Pab on June 01, 2015, 05:16:39 PM

Sometimes i feel Greece case is so much martketed in media.Portugal already rejected any EU financial help,thay have huge debt,but his debt stop to grow,and now more and more investors are coming there,just becouse thay are EU,IMF free

Greece is picture of big problem what is all EU,IMF,money printing

Finally it has comeback to normal economy,investing instead of rising taxes and cutting spending
If that wil not happen euro will fail andaftereven EU may fail and then reborn one time again

Next victim after Greece will be Poland, i know becouse i am from that country

Why do you think Poland will be targeted by EU and IMF, looking at the debt to GDP numbers Polen was only at something like 50.1% debt to GDP ratio by dec 2014, is the debt growing fast in Polen at the moment ?
If one looks at USAs numbers for example 105.06% in 2015 up from 72.5 % 2012, they look to be in way worse shape than Polen.

Topic: If Greece defaults - page 22. (Read 45250 times)