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Greece is broke
Wa_ithaka
#31 Posted : Tuesday, February 23, 2010 2:53:25 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Fu-ali, you are absoultely right and they all had to do it I think by 12 at the latest. There has been little adherence to the range within which the countries could be in deficit. Interestingly, Spain Portugal and the hard of hearing Greks were warned about their deficits only last yr. Italy has broken its range perpetually.
The Governor of Nyeri - 2017
madollar
#32 Posted : Monday, June 29, 2015 12:11:20 PM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
sparkly wrote:
My understanding is that this country borrowed too much public debt. It needs tonnes of debt to redeem the outstanding debt but no one in EU is ready to lend. Will china step in, to stamp its authority as a global powerhouse? Besides It has the dollars to lend...

Banks shut down ATM withdrawals limited to 67$ per day can even begin to imagine a replica situation here ,social chaos
streetwise
#33 Posted : Monday, June 29, 2015 1:02:54 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
And to my understanding the country does not have any natural resources other than the many Islands
Othelo
#34 Posted : Monday, June 29, 2015 1:06:45 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
How can a whole country be broke & they are not at war? asking for a friend...
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
streetwise
#35 Posted : Monday, June 29, 2015 1:50:59 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
More important how will they pay the bail outs .
hisah
#36 Posted : Monday, June 29, 2015 2:46:26 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


Sh** got ugly! CDS froth coming up.

I want Hellena to default with a straight face on the banksters. I want a spectacular action packed drama that the press can't keep up smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#37 Posted : Monday, June 29, 2015 2:49:40 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Even western union in Greece is shutdown services for the week.

http://www.reuters.com/a...0P915J20150629?irpc=932
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#38 Posted : Monday, June 29, 2015 11:20:08 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
ATHENS, Greece (AP) — Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a July 5 referendum that could determine whether the country has to ditch the euro currency and return to the drachma

"I came here at 4 a.m. because I have to get my pension," said 74-year-old Anastasios Gevelidis, one of about 100 retirees waiting outside the main branch of the National Bank of Greece in the country's second-largest city of Thessaloniki.

Elderly people, who usually get their pensions at the end of the month, wait outside a closed bank i …
"I don't have a card. I don't know what's going on. We don't even have enough money to buy bread," he said.

http://news.yahoo.com/gr...-102555417--finance.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
hisah
#39 Posted : Tuesday, June 30, 2015 2:53:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
T - 11hrs to go before default is declared...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Pesa Nane
#40 Posted : Tuesday, June 30, 2015 3:39:53 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
hisah wrote:
T - 11hrs to go before default is declared...

Pesa Nane plans to be shilingi when he grows up.
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