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Greece is broke
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kyt
#71 Posted : Sunday, July 05, 2015 11:37:52 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
Jaina wrote:
Kenya if not careful within 10-15 Years will be where Greece is today. The JAPanse are borrowing uncontrollably to spend on MCA's Yet the drivers of the economy are stagnating if not shrinking.


This may come to pass one day.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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whiteowl
#72 Posted : Monday, July 06, 2015 1:00:41 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
The NO vote has won it.60%+ can be called a landslide
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enyands
#73 Posted : Monday, July 06, 2015 1:23:04 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Jaina wrote:
Kenya if not careful within 10-15 Years will be where Greece is today. The JAPanse are borrowing uncontrollably to spend on MCA's Yet the drivers of the economy are stagnating if not shrinking.



I mentioned such habits in an earlier thread as "kicking the can down the road " and a wazuan mentioned that the cabinet secretary for finance has no options apart from ........ no one cares and the same attitude that Greeks have is the same attitude we have . Majani Chai halted , coffee uprooted , manufacturing dead long time ago . The only drive of economy is taxes harvested from salaries.infact 10yrs is the ideal time not more than that till we become like Greece
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murchr
#74 Posted : Monday, July 06, 2015 2:29:43 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Japan in close contact with other govts on Greece, ready to respond -official
TOKYO, JULY 6

What next??
"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
.
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hisah
#75 Posted : Monday, July 06, 2015 4:52:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Tsipras 3 phone calls: France Hollande's and Germany's Merkel to restart negotiations and Russia's Putin on further cooperation.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#76 Posted : Monday, July 06, 2015 5:03:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
While the drama pans out the billion dollar question is, who stands to benefit if the Greek CDS trigger? That is where the real story can be found.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Obi 1 Kanobi
#77 Posted : Monday, July 06, 2015 5:12:01 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
@Hisah,

It will be extremely difficult for Greece to take the Iceland/Argentina option without some backlash to its tourism industry which is its bread winner.

This guys are in sh*t and have absolutely no solution. They need to be left alone to sought out this mess internally otherwise they will never learn.

Its over 5 years since they started having this financial problems and through out the period, the ECB has been giving them more debt (feeding the monster).
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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murchr
#78 Posted : Monday, July 06, 2015 5:56:40 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Tsipras 3 phone calls: France Hollande's and Germany's Merkel to restart negotiations and Russia's Putin on further cooperation.



Quote:
German media are reporting that Alexis Tsipras and Angela Merkel have telephoned (as we flagged earlier), with both leaders agreeing that Greece will bring new proposals with him to the Euro group meeting which may help to overcome the crisis.

Further details of what they discussed have yet to emerge.

Also, a Spiegel correspondent in Greece, Giorgis Christides, is reporting that paper supplies are running out in Greece, with newspaper publishers saying they had enough paper left to print only up until next Sunday.

One publishing manager has even proposed halting the printing of books, until the shortage eases.


This country imports almost everything, who will agree to sell anything to them esp if they ditch the Euro

Meanwhile
Quote:
Greek banks to stay shut

Newsflash: Greece’s banks will not reopen on Tuesday, or indeed on Wednesday, according to the head of the Greek bank association.

The daily withdrawal limit remains at €60.
"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
.
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  | | Edit by user: Monday, July 06, 2015 7:10 PM | Reason: Not specified
limanika
#79 Posted : Monday, July 06, 2015 9:01:16 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
Jaina wrote:
Kenya if not careful within 10-15 Years will be where Greece is today. The JAPanse are borrowing uncontrollably to spend on MCA's Yet the drivers of the economy are stagnating if not shrinking.



In Kenya we borrow to pay salaries and allowances, build rails and roads that will impress the voter, without necesarily asking if there is something else we could have done to benefit the voter and lift them out of poverty. Chida iko hapo
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  | | Edit by user: Monday, July 06, 2015 9:08 PM | Reason: Not specified
hisah
#80 Posted : Wednesday, July 08, 2015 4:06:32 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
hisah wrote:
Tsipras 3 phone calls: France Hollande's and Germany's Merkel to restart negotiations and Russia's Putin on further cooperation.



Quote:
German media are reporting that Alexis Tsipras and Angela Merkel have telephoned (as we flagged earlier), with both leaders agreeing that Greece will bring new proposals with him to the Euro group meeting which may help to overcome the crisis.

Further details of what they discussed have yet to emerge.

Also, a Spiegel correspondent in Greece, Giorgis Christides, is reporting that paper supplies are running out in Greece, with newspaper publishers saying they had enough paper left to print only up until next Sunday.

One publishing manager has even proposed halting the printing of books, until the shortage eases.


This country imports almost everything, who will agree to sell anything to them esp if they ditch the Euro

Meanwhile
Quote:
Greek banks to stay shut

Newsflash: Greece’s banks will not reopen on Tuesday, or indeed on Wednesday, according to the head of the Greek bank association.

The daily withdrawal limit remains at €60.

The greek PM should also queue at the ATM if he really is with the people.

Can he beat this - http://www.irishmirror.i...chael-d-higgins-3287795
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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