and sources now say the majority of Germany officials involved in negotiations want Greece out of the picture. As in out of the Euro. It obvious to all now that Greece will not be able to dictate their own terms, so their days in the Euro are numbered. You can't run for Prime Minister of Greece tarnishing the imagine of Germany, then expect Germany to come running with wheel barrels full of money so save Greek banks.
Plain and simple - it over for the Greeks and also possibly the Spanish and the Portuguese.
OK - then that solves everything. A "specific" bridge loan for a country that doesn't pay back loans. You are a genius dunrunnin2 and just solved all of Europe problems. I'd recommend you for assistant to the Greek Financial Minister but assume you won't leave you job as a Used Car Salesmen since you deal with car - bridge loans every day. Maybe if you sold BMW's you would realize Germany ain't buying any Bridge Loan baloney.
Greeks don't call it a loan dude. Its called a temporary IOU that will never be payed back unless Greece find oil in Athens. First poster is correct - a bridge loan to no where other then Default Land.
and not sure which one will come out worse off when Greece defaults and Russia takes over 1/3 or Ukraine (for good). At some point world markets will smell the smoke then feel the heat of these two disasters coming and when that happens - its correction time.
Doesn't make any sense unless you want to play the game of he said, she said. Greece now seems in disarray saying one thing but doing something else. So vote on Friday or bow down to Germany tomorrow. Which way boys - CALL IT.
but then 24 hours later - "we can be friends', then 24 hours later "Stick It. This isn't a game of cat and mouse. Its Russian Roulette and Germany has all the bullets but maybe Greece can point the gun some where else?
Good question - but I don't think the Greek's know the answer. But if they promised a nation wide vote on keeping or rejecting debt extension, then they better do a vote. Greeks will be really mad if PM makes a wrong decision and then says "Greeks can't vote in such a short time frame".
you can have the chicken before the egg. Greek Minister says election first and then we decide if we stay or go. Its that simple.
Sooo Sorry - Cheap Chinese Houses no longer in demand due to China Bubble bursting. Do come back though for largest foreclosure sale of the century. It will dwarf what happened back in the U.S. over the last five years.
and if you show up early you might even get a German toaster with your Greek Bank IOU. Wow
Well you can always throw this into the Bear Pot - Ukraine cease-fire ignored Rebels shelled Ukrainian troops in Debaltseve with heavy artillery and multiple launch rocket systems, according to Ukraine's National Security and Defense Council. Greece default, Ukraine War/Crisis grows - pushes Tvix way higher this week.
and watch world markets tank tomorrow as Greece walks (or gets kicked) out of the Euro as Ukraine war rages onward. Double punch to the Bull's gut tomorrow.
Hey buckstr75 - should we call you "butch" tomorrow? Markets lobster red tomorrow as investors know Greece exit coming to be followed by Portugal exit, Spain exit, Italy exit, Ireland exit, etc. House of cards is about to FALL
Greek shares fall, Europe slips as no deal seen in debt talks. At its now approaching 6 pm in Brussels with no deal in sight but a very likely train wreck when U.S. stock market opens tomorrow. Germany won't play games with Greek's who have no intention of paying back a dime.
it today's Brussels meeting. So now the only questions is does the Down drop 250 or 300 points at open tomorrow?
The longer things go the worse things look. Europeans like to have their long dinners and shoot the breeze. Well right not their setting up their shooting targets and it appears "Greece" is in the bulls eye. Wouldn't be surprised if around 10 pm tonight Brussels reports leaks of no deal. Just in time to send Asian Markets on their face and then Europe and U.S. market's crashing.
So who is going to protect the Homeland and keep drones from landing on the White House lawns? Watch the fireworks fly as Obama either hires ADT to protect the White House or moves to Israel where they have "real security".