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Greek Tragedy

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Re: Greek Tragedy

Postby supporttheunderdog » Thu Apr 06, 2017 3:19 pm

kurupetos wrote:
supporttheunderdog wrote:A recent analysis

http://thecorner.eu/news-europe/from-mou-exit-to-grexit-where-next-for-greece/63039/

Interesting look at the options, which I think are simplistic.

Greece will exit the EU with Germany, you silly dog.


Yes the German are in there somewhere

http://www.protagon.gr/epikairotita/44341386627-44341386627

Οι Γερμανοί θα αποφασίσουν: Μάρτιν Σουλτς ή Grexit
Η έγκυρη Süddeutsche Zeitung αναλύει πώς οι γερμανικές εκλογές θα κρίνουν το ελληνικό πρόβλημα. Μια νίκη του υποψηφίου του SPD θα προσέφερε στην Ελλάδα ένα νέο πρόγραμμα αναδιάρθρωσης. Αλλιώς... Grexit, κατά τα πλάνα του Σόιμπλε


The Germans will decide: Martin Schulz or Grexit
The valid Süddeutsche Zeitung analyzes how the German elections will judge the Greek problem. A victory of the SPD's candidate would bring to Greece a new restructuring program. Otherwise ... Grexit, when his shots Schaeuble
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Re: Greek Tragedy

Postby supporttheunderdog » Fri Apr 07, 2017 3:26 pm

another set of GREEK news report highlighting all is not well in Greece: All saying the same thing, that unless urgent action is taken various accreditation bodies will lose approvals and accrediations will lapse, which will affect Greek ability to Trade.

http://www.eleftherostypos.gr/oikonomia/90975-dioria-20-imeron-gia-na-apofygoyme-to-grexit-stis-exagoges/
http://www.iefimerida.gr/news/329833/me-grexit-apo-tis-diethneis-agores-apeiloyntai-oi-ellinikes-exagoges
http://www.sport-fm.gr/article/me-Grexit-apo-tis-diethneis-agores-apeiloudai-oi-ellinikes-eksagwges/3347368


The Greek products risk being excluded from international markets by the end of the month due to the negligence of the Economy Ministry to harmonize with European institutional operating framework for accreditation and certification bodies.

Market players and SEV called on the Finance Ministry to undertake the necessary changes, as they said a delay in forwarding the relevant amendment means, in practice the automatic abolition of all international recognition of certification bodies in our country and accredited workshops - some of which are government - and by extension of certificates issued for business - customers


Tragic.

The good news is some progress has been made in the bailout out talks

http://cyprus-mail.com/2017/04/07/greece-lenders-agree-key-elements-reforms/

Greece and its international lenders agreed on Friday on the key elements of reforms to unlock new funds, and experts will now be sent to Athens to put the finishing touches to the deal, the chairman of the eurozone finance ministers said.
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Re: Greek Tragedy

Postby GreekIslandGirl » Fri Apr 07, 2017 8:04 pm

supporttheunderdog wrote:The good news is some progress has been made in the bailout out talks


Who do you think is interested in your evaluation of what is good news or bad news for Greece, huh?
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Re: Greek Tragedy

Postby supporttheunderdog » Fri Apr 07, 2017 8:41 pm

GreekIslandGirl wrote:
supporttheunderdog wrote:The good news is some progress has been made in the bailout out talks


Who do you think is interested in your evaluation of what is good news or bad news for Greece, huh?


Is that the best you can do?

We all have opions and evaluations some may or may not be interested in...., And you were clearly interested enough to respond, even in dismissive terms...

On the topic I think this is a positive development where some more in touch with the day to day progress, or at least people wanting a good story, were suggesting that they could not see progress and that with elections coming up in France and Germany there was a risk the bailout talks would stall long enough that Greece woukd default on loan repayments due in July and that would trigger Grexit. Not an edifying prospect.

The only true solution is for Greek sovereign debt to be brought down so that it can be handled within normal income and expenditure, and not so that borrowing is done to cover existing loans, rather than finance long term projects, but then as I know from some examples of UK local government spending, the loan financing period can run far beyond the likely life of the project, which I never quite saw the sense of.

what is your evaluation of the news?
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Re: Greek Tragedy

Postby GreekIslandGirl » Sat Apr 08, 2017 11:55 am

supporttheunderdog wrote: what is your evaluation of the news?


I think Gibraltar should be returned to Spain, the Falklands to Argentina, the Bases to the RoC - and Bermuda, Anguilla and the rest of the islands and so-called British ocean territories to me! :D
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Re: Greek Tragedy

Postby supporttheunderdog » Wed Apr 12, 2017 4:28 pm

The above suggestions are hardly on topic of Greek Debt relief.

Here however is another news item

http://cyprus-mail.com/2017/04/12/imf-chief-lagarde-says-halfway-greek-bailout-talks/

International Monetary Fund chief Christine Lagarde on Wednesday said Greece was heading in the right direction on reforms but talks on its bailout and the IMF’s potential role in it were “only halfway through”.

Greece and its international lenders are negotiating reforms the country needs to carry out to maintain a sustainable growth path in the years following the end of its bailout programme, which ends in mid-2018.

“What I have seen in the last couple of weeks is heading in the right direction. We are only halfway through in the discussions,” Lagarde told a conference in Brussels.

Last week, eurozone finance ministers agreed the “overarching elements” of reforms needed in Greece in exchange for a new loan under its €86bn programme, the third since 2010.

The new loan is needed to pay debt due in July. Talks are continuing and no date is fixed yet for the return of negotiators to Athens. The Greek government believes negotiators could go back to Greece after the IMF Spring Meetings on April 21-23.

“We are still elaborating under what terms we could possibly give some lending to the country. We are not there yet,” Lagarde said, adding any IMF loan to Greece would have to abide by strict conditions.

She said debt restructuring will be needed to guarantee the sustainability of Greek finances. The scope of the restructuring “will be decided at the end of the programme,” but “the modalities have to be decided upfront,” Lagarde said.


I hope the talks succeed.
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Re: Greek Tragedy

Postby GreekIslandGirl » Wed Apr 12, 2017 9:08 pm

supporttheunderdog wrote:I hope the talks succeed.

:lol:

We believe you. You are sooooo sincere, no?
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Re: Greek Tragedy

Postby supporttheunderdog » Thu Apr 13, 2017 6:06 am

GreekIslandGirl wrote:
supporttheunderdog wrote:I hope the talks succeed.



We believe you. You are sooooo sincere, no?


:lol: :lol: :lol:

Ah, the the usual mean minded flow of bile and personal vindictiveness. Hardly intellectual. Your efforts to insult and demean would be amusing if they were not pathetic.

Have YOU allowed me to get so far under your skin that you have lost all possibility of rational thought?

As it is, when have I said anything different?
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Re: Greek Tragedy

Postby supporttheunderdog » Tue Apr 25, 2017 3:43 pm

A further item in the GREEK PRESS today highlighting that though reducing the risk of Grexit still remains

http://www.liberal.gr/arthro/132778/oikonomia/2017/ta-isonexitsin-feugoun-to-Grexit-menei.html
Grexit : Debt and reforms

In this environment, the risk of Grexit has subsided, but Greece's problems remain in focus once pending the IMF's participation in the Greek program and the analysis of debt sustainability. After the need to complete the assessment, now the discussion pertains to additional measures. Indicative is the turn of Martin Schulz on Greek issue and that does not exclude the exit of Greece from the euro unless it implements the required reforms.

For their part, analysts at JP Morgan estimate that the accident would lead to Grexit is now highly unlikely, after the progress made to the Eurogroup on 7 April. Earlier, in the March, Citi predicted that even if you call early elections in Greece, they are not going to lead to Grexit.

Based on the Sentix measurements, the Grexit continues to show the most likely - compared to the rest ... «exit» - by 12.9%, having, however, declined significantly from the previous measurement was close to 20%. Analysts believe that the only way of scaling on Grexit concerns is to have a new impasse in negotiations with lenders and a good reason could be the IMF's attitude ...
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Re: Greek Tragedy

Postby GreekIslandGirl » Tue Apr 25, 2017 11:12 pm

supporttheunderdog wrote: the risk of Grexit has subsided


:lol:

Subsided from zero to minus zero.

Not having much success with your internet lobbying, hey, dog? :P
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