[Red in Blue PA]

The markets rallied last week because of this so called deal.

[dp0622]

i think it rallied Thursday because of the deal and fell Friday because of the deal. or some such nonsense.
tomorrow will be ugly.
but what’s a quarter of a trillion among friends?
that reminds me...can anybody here lend me 10000 dollars?
in return i promise to enact austere cuts in my lifestyle :) somewhere in the future...

[Zuben Elgenubi]

The Greeks are broke and refuse to reduce their pension obligations, increase taxes and reduce govt employees.

The EU: Pay us our money.

Greece: We can't. We are broke

The EU: We'll lend you the money to pay us and you can pay us later.

Greece: We can't. We are broke and the governing party will not accept financial reductions to our voters.

The EU: Alright, we'll lend you the money and you just appear to pay it back.

Greece: No response as yet.

[grania]

I don’t have a clue why Greece doesn’t just say “forget it...we can never pay these loans back, so we won’t even try”. Why does their leadership want to be in forever slavery to the northern European banks, anyway?

[Georgia Girl 2]

Greece will soon be leaving the EU and going back on the drachma. The unraveling of the Eu is about to begin.

[PAR35]

Someone speculated that the Greeks were actually manipulating the market. Go long, and claim they have a deal; sell, go short, then act like the deal is dead, cash out, go long again...

If you look at what they’ve done over the last few months, it makes sense, and would explain where the money came from for the last payment.

[SkyPilot]

See this thread I posted earlier today:

Why Is The EU Forcing European Nations To Adopt ‘Bail-In’ Legislation By The End Of The Summer?

[I want the USA back]

Tell the Greek idiots to get out if the EU. They don’t deserve any more free money from countries that actually work for a living.

[Jack Hydrazine]

Completely unexpected?

Nope!