(POLL) Handicap the "current" Greek Bailout

MsMorrisine

So,

does the current Greek Bailout go through, or
fall through?

pmcollectour

Germany has the power to make all other countries bow the knee. They just don't realize it.
Will the German people allow the bailouts ? I doubt it. Will Germany call for itself to take over Europe ? I doubt it.
Will we someday see someone emerge out of Europe as the new leader of a United Europe ? No doubt about it.

gsa1fan

I fail to see the importance of bailing Greece out? Of course I'm to worried about the USA!

MsMorrisine

whoever hasn't sold their greek debt is going to be left holding the bag if they don't get bailed out.

there is also a domino theory going on. The other PIIGS will be eyed with suspicion and may be taken out back and slaughtered "just because" they are seen as vulnerable, too.


in short, a banking and government solvency crisis.


This could greatly affect the price of gold.

derryb

German, French and US banks hold a lot of this debt. Will they get bailed out? It's a no brainer.

johnny9434

put that out and another fire will pop up elsewhere

MsMorrisine

don't put it out and they will pop up in a lot more places, a lot faster, and be a lot more urgent

57loaded

they get a bailout or a restructure.

Germany will not leave the eurozone, they have too much at stake now. if they left, their currency would go sky-high and their balance of trade would suffer

wpr102

By the way, did you guys see the Swiss Franc got "capped" against the Euro today?

The Euro stocks got crushed yesterday, and many Italian banks got halted for trading.

Supposedly there is a crucial vote in Germany on September 8th deciding whether the bailouts are constitutional or not.

I think there will be a lot more clarity on where the Euro is headed by the end of the month.

MsMorrisine

almost 3/4ths of the voters thought the Greece bailout would go through.


Have opinions changed?

derryb

German, French and US banks still hold a lot of this debt. Will they get bailed out? It's still a no brainer.

derryb

Greece is starting to realize the seriousness of the their debt problems:

"*GREEK PENSION CUT FOR THOSE EARNING MORE THAN EU1,200 A MONTH

*GREECE TO REDUCE TAX-FREE THRESHOLD TO EU5,000 FROM EU8,000

*GREECE TO REDUCE PENSIONS BY 40% FOR THOSE UNDER 55

*GREECE TO CUT WAGES OF 30,000 STATE WORKERS THIS YEAR

*GREECE TO CUT PENSIONS OVER EU1,200 BY 20%: STATEMENT"

I still predict France and Germany pulling from the EU. The first one to realize the advantages of being first will make out better than the other.

ricko

In the case of France or Germany bailing on the EU.... I would say that is likely when all other avenues have been exhausted... and France will be the first to go. Cheers, RickO