I think this is our third euro doom thread so this should be it!
Greece will leave the euro and then tshtf
Bank run my ass, this calls for a beer run.
Quote:Greece may have only a 46-hour window of opportunity should it need to plot a route out of the euro.
That’s how much time the country’s leaders would probably have to enact any departure from the single currency while global markets are largely closed, from the end of trading in New York on a Friday to Monday’s market opening in Wellington, New Zealand, based on a synthesis of euro-exit scenarios from 21 economists, analysts and academics.
Over the two days, leaders would have to calm civil unrest while managing a potential sovereign default, planning a new currency, recapitalizing the banks, stemming the outflow of capital and seeking a way to pay bills once the bailout lifeline is cut. The risk is that the task would overwhelm any new government in a country that has had to be rescued twice since 2010 because it couldn’t manage its public finances.
“Leaving is difficult and messy, so anyone who thinks it’s easy is just wrong,” said Lorenzo Bini Smaghi, who left the European Central Bank’s executive board last year, in a phone interview. “The Greeks must be rational and protect themselves from rash decisions that they will live to regret. Leaving the euro is not the answer to their problems.” He declined to say whether he thought an exit would occur.
Quote:“The Greek elections were a cathartic moment. Politicians are trying to make Greek people realize what’s at stake here,” [Jim] O’Neill [chairman at Goldman Sachs Asset Management] added. “They need to get to a United States of Europe."
(05-23-2012, 06:34 PM)Anonymous Kritter Wrote: Openly to their citizens they will say, Eurobonds, Heavens No!, not on my sovereignty. But amongst themselves (pathocrats) they believe in greater europa and centralized power, they just need the right crisis to foist euro bonds on to the market/populace. Might not be after tonight's get together. But the fact that its gets brought up again and again in conversation, that we are seeing through msm, more meetings at a european/international level, is readying the populace to accept euro bonds and euro governance as normal.
It won't work, but pathocrats, are mentally ill, and see the world in a different light to you and I. They have and will continue to push through an agenda that increases they power and those that control them.
(05-23-2012, 08:56 PM)Kreeper Wrote: Just the pure logic of it makes them look retarded. Why would a country in the economic state of Greece that continuously needs bailouts just to survive cause a problem if they left the EU? Don't corporations typically sell off subsidiaries that are losing money? That right there tells you this has nothing to do with money.
(05-23-2012, 09:32 PM)Cynicalabsurdance Wrote: Rule by Divine Right
There is a strongly held Theory,
that man descended down from the Tree's
There is just as strongly held Theory,,,
that,,, that was our first mistake
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