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greek mess

How can we solve it? (keep it civilized)

Re: greek mess

Postby SKI-preo » Wed Jun 22, 2011 3:30 pm

Or maybe sell the Greek half of Cyprus to Turkey? – they clearly still want it.

WTF?
Read last sentence in this blog:
http://blogs.telegraph.co.uk/news/danie ... the-place/
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Re: greek mess

Postby Cap » Wed Jun 22, 2011 3:57 pm

SKI-preo wrote:
Or maybe sell the Greek half of Cyprus to Turkey? – they clearly still want it.

WTF?
Read last sentence in this blog:
http://blogs.telegraph.co.uk/news/danie ... the-place/


Daniel Know less is clearly an uneducated idiot.
Its like saying Greece should sell Malta to repay her debts. :lol: :lol:

'The Telegraph' is in deep trouble if they keep this airhead. I mean what kind of education do these people receive in Britain?
And they talk about Americans.... :roll:
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Re: greek mess

Postby kurupetos » Wed Jun 22, 2011 4:41 pm

What if Cypriots sell London to the Germans? :lol:
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Re: greek mess

Postby georgios100 » Wed Jun 22, 2011 10:06 pm

The Greeks are already bankrupt in real life... just not officially announced yet.
I predicted that more than a year ago on this forum.

If the Greeks don't accept the proposed austerity measures now... well these measures are like kids play compared to the draconian measures to be implemented when the official
bankruptcy takes effect. These guys have no idea what's coming to them. Beggars on the street... and some!

Their best choice is to action off state own real estate (no monuments) of at least 100 billion, preferably land areas that could be acquired by hotel or tourism
foreign investors and get them build on. It sounds drastic and or humiliating but preferred over a catastrophic default...

Otherwise... What else?
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Re: greek mess

Postby ZoC » Wed Jun 22, 2011 11:14 pm

georgios100 wrote:The Greeks are already bankrupt in real life... just not officially announced yet.
I predicted that more than a year ago on this forum.

If the Greeks don't accept the proposed austerity measures now... well these measures are like kids play compared to the draconian measures to be implemented when the official
bankruptcy takes effect. These guys have no idea what's coming to them. Beggars on the street... and some!

Their best choice is to action off state own real estate (no monuments) of at least 100 billion, preferably land areas that could be acquired by hotel or tourism
foreign investors and get them build on. It sounds drastic and or humiliating but preferred over a catastrophic default...

Otherwise... What else?


u may well be right.... with this in mind, isn't it in the cypriot national interest to distance cyprus entirely from this humiliated sick man of europe so as not risk losing credibility and influence by association. discuss...
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Re: greek mess

Postby Pyrpolizer » Wed Jun 22, 2011 11:35 pm

DT. wrote:
Bananiot wrote:The "Xenoi"! It is always the fault of the foreigners. They are responsible for Greece's never ending problems.


People shouldn't try to comment on things they know very little about.


I am one of them.
I really can't understand why Greece with 144% National dept (as a percentage of GDP) is worse than Japan who has 225%.
The normal seems to be around 50-60%, Italy has 115%. See here:
http://www.economicshelp.org/blog/econo ... y-country/
OK Greece now has 300 billion Euros Natioanal Dept would it be OK if she had say 125 billion?
With the new measures it seems they will be reducing their dept by around 10 billion a year, so if they succeed in that they will be ok in about 10 years.

Care to explain us DT, i can trust you more than anyone in this forum.
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Re: greek mess

Postby Mikiko » Wed Jun 22, 2011 11:49 pm

They can not repay their debt back to Creditors thats the issue and they rely solely on loans to repay this big debt .

Privitisations is their best option .
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Re: greek mess

Postby Me Ed » Thu Jun 23, 2011 1:56 am

I can't believe there are Cypriots still backing the Greeks.

I disowned those jokers 37 years ago.

We are better than them, and their backing us joining the EU is the least they could do after they screwed Cyprus.

My challenge to every Cypriot is to go to Greece, and you will realise how Greek you are, or NOT when you get there.
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Re: greek mess

Postby DT. » Thu Jun 23, 2011 2:00 am

Pyrpolizer wrote:
DT. wrote:
Bananiot wrote:The "Xenoi"! It is always the fault of the foreigners. They are responsible for Greece's never ending problems.


People shouldn't try to comment on things they know very little about.


I am one of them.
I really can't understand why Greece with 144% National dept (as a percentage of GDP) is worse than Japan who has 225%.
The normal seems to be around 50-60%, Italy has 115%. See here:
http://www.economicshelp.org/blog/econo ... y-country/
OK Greece now has 300 billion Euros Natioanal Dept would it be OK if she had say 125 billion?
With the new measures it seems they will be reducing their dept by around 10 billion a year, so if they succeed in that they will be ok in about 10 years.

Care to explain us DT, i can trust you more than anyone in this forum.


The main difference between the 2 Pyro is that Japan has issued most of it's debt domestically with a very manageable 1.3% benchmark yields as opposed to the spreads being quoted on Greeces debt. The problem isn't only how much debt a country has, but how expensive is it to service that debt.

The CDS Market however is the one to watch. This is basically a hedging mechanism (sort of an insurance premium) that people pay in order to acquire "insurance" against an investment they've made in case it goes bankrupt. The bigger the risk of default or bankruptcy the more expensive the CDS gets. Consequently, the more expensive the CDS gets, the higher the spreads on that entity's debt.

This is what happened to Lehman brothers when Paulson (small hedge fund manager) decided to start buying CDS against Lehmans and Bear Sterns and transformed a 100 or so million hedge fund into a multi billion dollar hedge fund within 6 months. He was in the Grand Bretagne hotel in Athens before this all broke out holding a seminar on Credit Default Swaps.
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Re: greek mess

Postby SKI-preo » Thu Jun 23, 2011 4:32 am

distance cyprus entirely from this humiliated sick man of europe so as not risk losing credibility and influence by association.


I agree 100% twra je na paei we give Denmark our 12 points in Eurovision.

My very basic understanding of the problem is that unfortunately Cypriot bankers are among the morons who invested heavily in "Μητρός Ελλάδος". I heard this mornging on local Greek radio that if Greece defaults ATMs and cash points in Cyprus will soon dry up. It is not as simple as I first understood in terms of letting Greece just default.


If Ellas was real life mother she would be locked up for child abuse and pimping.
Now mhter ellas wants our gas:

http://english.capital.gr/News.asp?id=1208189

For the sake of Cyprus lets hope Μητρός Ελλάδος gets out on the corner and starts shaking her money maker.
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