Posted on 07/05/2015 12:53:32 PM PDT by Lurch Addams
Greek referendum results live: No vote to eurozone bail-out deal leads by 60 per cent.
After 20pc of the vote is counted, Greeks look to have voted 'No' with a 60pc majority against Europe's bail-out conditions
(Excerpt) Read more at telegraph.co.uk ...
The EU will actually have a better chance of survival by deep sixing this turd. Greece better get ready for sanctions which will make austerity feel like a day at the park.
Perhaps. The reality is much of the risk was transferred to central banks who could more easily cope with default.
Dear Greece....I guess you’ve got all the rope you need.
Here’s a rickety three-legged stool to stand on while you work up the nerve.
Good. This is one of those ‘stock up on popcorn’ moments.
It’s the ‘in thing’. If we’re lucky. if our children and grandchildren are lucky’ and others will learn from the Greeks the very valuable lesson of where we don’t want to be.
Something like that old TV show Scared Straight
Oh, the poor Greeks. Maybe they won’t be able to lie around drinking coffee all day after the age of 50. Poor babies.
They were complicit and you know what? If we held a vote on a package of government benefits, not one because it would be too easy to vote against the ‘other guy’, but a range of them and i’d bet money today our vote wouldn’t differ much from theirs at 60-40.
One should not even have money in the stock market that they need for 5-10 years so that means being able to deal with watching it go up and down which is hard. A sell-off may be a buying opportunity for some. If invested one has to be prepared for corrections at any time. The US has been the place to invest over the last 3+ years. But nowadays it is all so intertwined that there is no safe haven.
This will blow over faster than anyone knows
European and US Equity markets would have already had this priced in weeks ago. The $11B at risk held by US banks is a few bps of holdings. Non-event for the US markets tomorrow. Maybe a little rally in Treasuries.
Pueto Rico will be regurgitated as well.
“I’m wary of holding the average Greek citizen accountable for the actions of the political elite in such a fashion.”
The people voted for it, as a whole.
When our government goes belly up because of debt, won’t we be the ones to suffer?
Wow I was not expecting this. If Greece defaults and goes back to it’s own currency some large European banks could be be in trouble and the euro currency itself is gonna take a big hit.
Its actually 61.5%, and the votes arent all in yet...
wap wap wap waaahhhh!!! :)
But it can’t be kept going forever, not without some major structural changes to the Greek economy, which of course they don’t want to do. Refinancing will stave off disaster for a while, but its just a band aid. Unless they balance the books AS WELL, theyre just going to be heading for another refinance in a few years time.
The dominoes that bring down the EU will eventually reach it’s way into the “powers” that projected the rainbow onto the face of our White House and challenge America’s political & cultural dominance.
I think the Eurpeans, the IMF , etc are all in on this, let Greece fall..bet short, and clean up on assets. Its almost as if they designed this. The Euro jackals demanded the Greek banks to close, hoping for a swifter fall and riots.
The evil ones who talk of Liberal leftist humanity ideas —like soros—are really wolves in sheeps clothing..and then rant and rave about “capitalism.” they play capitalism “in secret”. talk about the Ultimate “insider trading”.
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