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Greek bank run begins...
07-15-2015, 11:19 PM #76
Octo Mother Superior
Posts:42,614 Threads:1,469 Joined:Feb 2011


Is Greece about to burn its bridges with the Eurozone? Protestors hurl petrol bombs at riot police on the streets of Athens ahead of final deadline for bailout deal

http://www.dailymail.co.uk/news/article-...-them.html
07-16-2015, 01:32 AM #77
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,283 Threads:1,438 Joined:Feb 2011


Live video

wonder.gif
07-16-2015, 02:00 AM #78
Octo Mother Superior
Posts:42,614 Threads:1,469 Joined:Feb 2011
They're still voting, but it already passed. Overwhelming support for surrendering the country. Quite the opposite of what the Greeks wanted hiding.gif

07-16-2015, 02:19 AM #79
Octo Mother Superior
Posts:42,614 Threads:1,469 Joined:Feb 2011
The Greek parliament has voted by a large majority to accept the tough package of tax rises, pension reforms, spending cuts and sweeping economic liberalisation which the eurozone demands before agreeing a third bailout.

Despite the Syriza rebellion, 228 MPs voted ‘yes’ (or Nai), 64 voted ‘no’ (or Oxi), and 6 abstained.

http://www.theguardian.com/business/live...ipras-live
07-16-2015, 02:32 AM #80
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,283 Threads:1,438 Joined:Feb 2011
Let the Molotov Cocktail party begin.

wonder.gif
07-16-2015, 04:50 PM #81
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
Quote:The cash-strapped country is dealing with a debt that’s 177 percent of its gross domestic product, and the deepest among the eurozone nations. Tim Dreiling, senior portfolio manager of the private client reserve at U.S. Bank, said Greece will “need help to restructure its debt” if it is to make good on its loan repayments. “They don’t have enough of an economic engine to grow their way out of what they’re looking at right now,” Dreiling said.

http://www.ibtimes.com/greek-debt-crisis...bt-2006393

Quote:Albert Einstein famously observed that a sure sign of insanity was to keep repeating exactly the same experiment and yet to expect a different result. One has to wonder whether the same might not be said of Greece and its European partners as they have agreed to extend Greece's borrowing arrangement for another four months. They have done so in order to negotiate a new economic program with very much the same macroeconomic policy recipe as before. This has to beg the question: Why, if such policies failed so miserably before, should a different result now be expected?

http://thehill.com/blogs/pundits-blog/in...onomy-grow

It's just confusing to me how Greece can ever become economically stable again.

"As the Germans expression goes, it is high time for Greece to recognize that an end with horror is preferable to a horror without an end."
07-16-2015, 11:29 PM #82
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,283 Threads:1,438 Joined:Feb 2011
(07-16-2015, 04:50 PM)UniqueStranger Wrote:  It's just confusing to me how Greece can ever become economically stable again.

It has zero chance unless it plays the Iceland card.

wonder.gif
07-16-2015, 11:33 PM #83
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
07-17-2015, 02:45 AM #84
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,283 Threads:1,438 Joined:Feb 2011
İmage

wonder.gif
07-17-2015, 05:32 PM #85
US nli Incognito Anonymous
 
(07-16-2015, 11:29 PM)JayRodney Wrote:  
(07-16-2015, 04:50 PM)UniqueStranger Wrote:  It's just confusing to me how Greece can ever become economically stable again.

It has zero chance unless it plays the Iceland card.

What do you mean?
07-18-2015, 05:10 PM #86
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
İmage
07-20-2015, 02:42 PM #87
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
İmage
07-20-2015, 03:23 PM #88
Octo Mother Superior
Posts:42,614 Threads:1,469 Joined:Feb 2011
chuckle.gif

Good morning US
07-20-2015, 03:30 PM #89
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
chuckle.gif

Good morning Octo...do you think Switzerland will remain neutral? chuckle.gif
07-20-2015, 03:33 PM #90
Octo Mother Superior
Posts:42,614 Threads:1,469 Joined:Feb 2011
Sure... yup.gif

İmage



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