Greece,Say What?!

[wyouser]

www.minyanville.com/businessmarkets/articles/wall-of-worry-greece-vote-greek/11/1/2011/id/37694? From
Loyd's Wall of worry. Some of this is kind of humorous if you need a little light reading today. I like his comment: "when is a credit default swap not a credit default swap? When it is a credit default swap. You can't make this stuff up"

[Virgil Showlion]

The CDS fiasco is indeed a comic tragedy. The latest I've read is that Greece is fighting to have all of the swap agreements ratified according to the terms of Greek law, which the Greek parliament can change on a whim in the best interests of their banks.

Like they say, "You can't make this stuff up."

[Virgil Showlion]

And now G.Pap has called a referendum to slaughter any possibility o... I mean "vote on" austerity measures. Also, the Greek military is undergoing major leadership changes.

E
      U
          R
           O
            Z

             O


              N





               E

   * KER-FLUSHHHhhhh.... *

[Small Biz Owner]

"Like they say, "You can't make this stuff up."

Or "You ain't seen nothing yet"

[Small Biz Owner]

2 months later and .... nothing is solved. EU about to drag down world economy? Even China won't touch it now ....

6 days ago ... China rules out investing forex reserves to bail out EU debt

Lu Daokui, a member of China's central bank monetary committee, warned on
Thursday that China would not throw money into the EU

[Small Biz Owner]

Another month has passed, and ...

Tuesday 17 January 2012. | Subscribe ... Greece sends officials to US as default
fears grow ... This could trigger credit-default swap contracts

Uh,OH. those pesky CDS contracts. About to bite us again?

[decoy409]

Why simply have the IMF go to the Fed (once again),and clickity-click up some more debt. Call it positive cash flow,trickle it over the mess and watch STALLATION grow a bit more. Problem solved!

[jarhead1976]

Greece could get up to 130 billion euro's ,lasting into 2014. This will leave their debt to GDP at 120%. Buddy can you spare a dime? That is still an if.

[Driftr]

Feb 9, 2012 20:56:40 GMT -5 @jarhead1976 said:

Greece could get up to 130 billion euro's ,lasting into 2014. This will leave their debt to GDP at 120%. Buddy can you spare a dime? That is still an if.

Last I saw the current projections had that debt to GDP at 136% rather than the 'required' 120%. Seems someone forgot to take into account the decrease in GDP when the government tightens it's belt.

[wyouser]

And again there is rioting in the streets. This time in front of Parliament. Fox reporting some PM s have resigned in protest of the new austerity measures. Will the deal unravel?

[jarhead1976]

Wait till the crowd control police realize they just lost their pay check and pensions too. Then the catagion begins the rest of PIIGS turn on the spit.

[decoy409]

jarhead, BINGO!

And back in town as we have been patiently following along on,why the situation is a even tempoed slow builder just like spots out of town. It's no more than a pattern that can be observed over and over.

[wyouser]

Just when everything seems to settle down, the Piigs emerge from the gloom. Now Spain is again causing nervousness in the market. I for one miss the insight from FTI and others on this

[Trongersoll]

I can't help but wonder how much it would cost to buy Greece.