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

Originally Posted by zakhal
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.

Originally Posted by Tanno
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.

Originally Posted by zakhal
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.

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.

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.

Originally Posted by Tanno
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.

Today there was again warnings of italy and spain collapsing. Italys credit rating fell heavily.

Here it comes.