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The Euro Zone Mess

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Re: The Euro Zone Mess

Postby bsharpish » Fri Jun 15, 2012 12:24 am

Nothing to see here ..... Move along ..... It's all a big conspiracy

http://business.financialpost.com/2012/ ... e-turmoil/
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Re: The Euro Zone Mess

Postby supporttheunderdog » Fri Jun 15, 2012 5:51 am

bsharpish wrote:Nothing to see here ..... Move along ..... It's all a big conspiracy

http://business.financialpost.com/2012/ ... e-turmoil/


and this is worth reading

How a Greek bank infected Cyprus
http://business.financialpost.com/2012/ ... ed-cyprus/
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Re: The Euro Zone Mess

Postby CBBB » Fri Jun 15, 2012 6:13 am

supporttheunderdog wrote:
bsharpish wrote:Nothing to see here ..... Move along ..... It's all a big conspiracy

http://business.financialpost.com/2012/ ... e-turmoil/


and this is worth reading

How a Greek bank infected Cyprus
http://business.financialpost.com/2012/ ... ed-cyprus/


It was in the Cyprus Mail yesterday

http://www.cyprus-mail.com/panayiotis/s ... y/20120614
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Re: The Euro Zone Mess

Postby kimon07 » Fri Jun 15, 2012 6:37 am

wyoming cowboy wrote:
kimon07 wrote:
GreekIslandGirl wrote:I agree with Maximus. The Euro has gone from strength to strength in the last several years. It is now just behind the dollar. Let's not forget Iraq was invaded to prevent Saddam moving over to using the Euro for Oil barrels rather than the dollar.

The dollar has been instrumental in creating the crisis in the eurozone; an attempt to weaken its main rival.

Greece was just the scapegoat.......


And who was the Trojan Horse?????

G.A.P..jpg


Jeffrey from Minnesota!


yeap, one of his last acts of prime minister.


Actually, I think it was his very first, i.e., His declaration as soon as he took office in October 2009 that Greece's economy was like a Titanic, that Greece is a totally corrupt country and, especially, the fact that he did not accept the Russian and Chinese loans offered to him in order to avoid the IMF (contrary to what CY did and will do again).
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Re: The Euro Zone Mess

Postby supporttheunderdog » Fri Jun 15, 2012 6:57 am

GreekIslandGirl wrote:(P.S. The mythical "grexit" has been confined to the dustbin of history.)


I dont think so.
It may be that Greece does not exit the Euro, but I would say that is still a possibility. (NOTE: IT IS NOT A PARTICULAR DESIRE ON MY PART - what I want is a solution which will a) Benefit Cyprus b) benefit the ordinary Greek working person., and c) benefit the ordinary European Working peson - only after that it should it benefit the banks and financial institutions who are a big part of the cause of this mess - this might include Greek Exit from the Euro, it might not. .)

I saw an article a few days ago suggesting the EU had secretly been looking at Grexit plans for anything up to six weeks, ie since early May,
http://www.telegraph.co.uk/finance/fina ... -exit.html

Many predict a six month period of planning and a possile exit early next year.

In the mentime Greeks are pulling millions extra per day out in cash, presumeably to safeguard against possible controls and conversion in to any revived Drachma.

This his is however a Eurozone mess not just a Greek mess so one cannot exclude for example Germany leaving the Euro as the Germans decide they no longer want to bail out failing bankers in failing economies in the PIIGS catagory - into which that "Oedipus", Vegnopoulous, of MIG/MPB may have dragged Cyprus through a web of loans that make the shenanigans of the Titans and Gods and their confused familial/marital relationships look positively staid.
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Re: The Euro Zone Mess

Postby GreekIslandGirl » Fri Jun 15, 2012 8:14 am

supporttheunderdog wrote:
GreekIslandGirl wrote:(P.S. The mythical "grexit" has been confined to the dustbin of history.)


I dont think so.
It may be that Greece does not exit the Euro, but I would say that is still a possibility. (NOTE: IT IS NOT A PARTICULAR DESIRE ON MY PART - what I want is a solution which will a) Benefit Cyprus b) benefit the ordinary Greek working person., and c) benefit the ordinary European Working peson - only after that it should it benefit the banks and financial institutions who are a big part of the cause of this mess - this might include Greek Exit from the Euro, it might not. .)

I saw an article a few days ago suggesting the EU had secretly been looking at Grexit plans for anything up to six weeks, ie since early May,
http://www.telegraph.co.uk/finance/fina ... -exit.html

Many predict a six month period of planning and a possile exit early next year.

In the mentime Greeks are pulling millions extra per day out in cash, presumeably to safeguard against possible controls and conversion in to any revived Drachma.

This his is however a Eurozone mess not just a Greek mess so one cannot exclude for example Germany leaving the Euro as the Germans decide they no longer want to bail out failing bankers in failing economies in the PIIGS catagory - into which that "Oedipus", Vegnopoulous, of MIG/MPB may have dragged Cyprus through a web of loans that make the shenanigans of the Titans and Gods and their confused familial/marital relationships look positively staid.


Slowly you are all seeing how stupid you were with your many posts againts Greece's euro-exit and even EU-exit. Another 6 months? Another? Another? :roll:

Now you are all backtracking curling in your tails. Accept there will be no exit - Accept the Euro is here to stay and if you care about Cyprus, then support the emerging United States of Europe which will provide the much needed tempering the rampant Dollar requires. Plus unification provides the support which otherwise the isolation of either Greece or Cyprus will leave them forever battling the Turks alone! Cyprus was left isolated and look what happened!

Anyway, loans have been going on since time immemorial - now they want to use them as weapons of destruction - and it's people like you spreading the work of the bankers which I find so pathetic!
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Re: The Euro Zone Mess

Postby bsharpish » Fri Jun 15, 2012 9:10 am

Greviction is a more likely scenario
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Re: The Euro Zone Mess

Postby kimon07 » Thu Jun 21, 2012 8:47 am

Montserrat Domínguez
Editorial Director, El Huffington Post
The Day That Greece Rescued Europe
Posted: 06/19/2012 3:07 pm

http://www.huffingtonpost.com/montserra ... 09606.html

The Greeks have deactivated the nuclear switch that threatened to blow Europe sky high -- taking along with it the monetary union, and, therefore, the most ambitious democracy deepening project of the European Union. The victory of Antonis Samaras's New Democracy party does not in and of itself solve Athens' problems, nor those plaguing the rest of Europe's capitals; the boxer is still on the ropes, but the bell has been rung -- and that gives Europe time to recover, though it will have to keep fighting.
……….

Europe has always had a great dramatic sensibility, possibly a product of our Greek roots. Let us trust that, once again, skirting tragedy will give us the impulse necessary to get out of this marasmus.
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Re: The Euro Zone Mess

Postby kimon07 » Fri Jun 22, 2012 10:07 am

Breaking News Alert

The New York TimesThursday, June 21, 2012 -- 5:47 PM

Moody’s Cuts Credit Ratings of 15 Big Banks.

Moody’s Investors Service has lowered the ratings of some of the world’s largest banks, including Bank of America, JPMorgan Chase, Citigroup and Goldman Sachs. The ratings agency said late Thursday that the banks were downgraded because their long-term prospects for profitability and growth are shrinking.

Read More:

http://www.nytimes.com/?emc=na
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Re: The Euro Zone Mess

Postby B25 » Fri Jun 22, 2012 11:25 am

These ratings agencies are a joke, soon they will do themselves out of a job and good riddens too.
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