coozer 0 #1 June 26, 2015 Looks like tough decisions are to be made in Europe over the next couple of days. The outcome has serious implications for markets worldwide. Personally I think the EU/IMF cannot afford the default and Greece know that. If Greece defaults, it has options but the EU may not. If the EU/IMF write off debt then that is not fair on Spain, Ireland... If EU keep pushing for what they are asking, then it will take Greece hundreds of years to get out of the shit... Who loans money to a junkie and expects to get it back anyway? What a clusterfuck. Quote Share this post Link to post Share on other sites
kallend 1,661 #2 June 26, 2015 Too big to fail? Like GM, Chrysler, and the Wall St. WBankers?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Driver1 0 #3 June 26, 2015 Just goes to show, Socialism does not work.There will be no addressing the customers as "Bitches", "Morons" or "Retards"! Quote Share this post Link to post Share on other sites
coozer 0 #4 June 27, 2015 QuoteJust goes to show, Socialism does not work. I think you should look at Scandinavia before you make that decision... But in reality there is not a complete socialist society in the world, nor a complete capitalist one... The US military is a Socialist program. The park down the road is communist and the corner store capitalist. Can't talk about big corporations because their tax handouts and government assistance are pretty much as socialist as you get... But I digress.. The latest move from the Greeks is a real democratic one. They are going to let the people decide whether the bailout deal is worth it or not. They are having a referendum on the 5th of July. Quote Share this post Link to post Share on other sites
coozer 0 #5 June 29, 2015 With markets opening into substantial losses, I guess the 'who cares' crowd might start caring when it affects them. I don't think the population of Greece are the best people to decide the nitty gritties of what is best for their finances, but it sure is a democratic way of making the tough decision. Much to the dismay of the powers that be. If this leads to the Greeks exiting the euro, it might just have more of an impact on everyone around the world than most are willing to realise. We will see in a weeks time I suppose. Quote Share this post Link to post Share on other sites
kallend 1,661 #6 June 29, 2015 coozerWith markets opening into substantial losses, I guess the 'who cares' crowd might start caring when it affects them. Oh yes! The world's financial systems are too interconnected for anyone to be insulated from this (except the super rich who always make out like gangbusters).... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
