(POLL) Handicap the "current" Greek Bailout
MsMorrisine
Posts: 39,265 ✭✭✭✭✭
So,
does the current Greek Bailout go through, or
fall through?
does the current Greek Bailout go through, or
fall through?
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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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.
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.
Velocity, Not Valuation Defines A Bubble.
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
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.
Have opinions changed?
Velocity, Not Valuation Defines A Bubble.
"*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.
Velocity, Not Valuation Defines A Bubble.