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Default Greek gov't bonds downgraded to junk status, Eurozone in trouble

October 4th, 2011, 09:09
Originally Posted by zakhal View Post
Cant wait for this new stability mechanism. Its like a dream come true:
http://www.youtube.com/watch?v=rxMOW94V6xQ
Say that again, and we'll kill you first, then the dictators.
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October 4th, 2011, 11:09
Originally Posted by Tanno View Post
Say that again, and we'll kill you first, then the dictators.
No you wont. Greek citizens will work hard and pay every penny back or else the leopard 2 tanks go to the streets. You will love the union or then you will love the union and have several bruises from police baton.

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October 4th, 2011, 11:28
Originally Posted by zakhal View Post
No you wont. Greek citizens will work hard and pay every penny back or else the leopard 2 tanks go to the streets. You will love the union or then you will love the union and have several bruises from police baton.
Then I assume you'll love the ticket to Hell.
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October 4th, 2011, 19:06
http://news.yahoo.com/greece-weeks-l…140838046.html

Greece has enough money to pay pensions, salaries and bondholders through mid-November, the finance minister said Tuesday, as global markets sank on worries that a messy default could bring down European banks and trigger another global recession.

Sorry. No pearls of wisdom in this oyster.
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October 4th, 2011, 19:30
What they said about Venizelos is quite true. They follow the opposite way that Kirchner did to save Argentina back then. What I did read recently was that Kirchner privatized all the national firms and asked for the debt's deletion to 75%, while he DIDN'T cut any salaries or pension and anything else… If Kirchner was alive, he'd ask the stupid Greek politicians to ban IMF from Greece and follow his way.
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October 4th, 2011, 20:02
Originally Posted by Tanno View Post
What they said about Venizelos is quite true. They follow the opposite way that Kirchner did to save Argentina back then. What I did read recently was that Kirchner privatized all the national firms and asked for the debt's deletion to 75%, while he DIDN'T cut any salaries or pension and anything else… If Kirchner was alive, he'd ask the stupid Greek politicians to ban IMF from Greece and follow his way.
Even if he did that, it wouldn't solve all the problems of today. The pension system over there (and in most western countries) is top heavy. You don't have enough workers to support people being paid out for 20, 25, even 30 years or more in retirement.

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October 5th, 2011, 00:32
Today there was again warnings of italy and spain collapsing. Italys credit rating fell heavily.

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July 7th, 2012, 17:28
Here it comes.
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