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originally posted by: onequestion
How is this going to affect stock and dollar value in the US
The Greek people really need to clean house. The Greek government lied and hid how bad things were to get into the Euro hoping the EU would then have to bail them out of the mess they had created
originally posted by: ManBehindTheMask
weve been warning about this for a while now......And people said we were crazy ...telling everyone to look at Greece and watch......warning of a run on the banks and people pulling out their money .......its coming for Greece........
Weve also been saying that the same thing is coming for the US if things dont change.......
Investors are also very cautious about betting on a euro rise in the event of a Greek exit, even if they think a return to the drachma could leave the rest of the eurozone stronger in the long term.
Fears of financial contagion from a Greek exit may have eased in recent years, but such an event could still provoke market shock waves that would be hard to predict, said Mr. Jen of SLJ Macro Partners.
“The idea that the euro is stronger without Greece is an interesting concept and probably correct, but it's hard to see that as a reason to buy the euro,” he said.
originally posted by: HumberWarrior
I actually like the man.
The EU is not workable.....it was a bad idea waiting to go wrong......
originally posted by: PurpleDog UK
The real worry is that both Russia and China are waiting in the winds to offer Greece the bailout money it needs.
In a nutshell..... Greece spent way beyond its means back in the earlier 00's then everything went sh*t and the EU / EMF et al offered a 'loan' to keep it all afloat......problem was that then Greece was bust but before rational and intelligence kicked in then TPTB offered a second loan to pay the countries daily expenses whilst servicing the initial debt.
Greece went through hardship and massive austerity (America has NO idea).... Unemployment currently is 27% .....imagine that......GDP has declined by 25% , imagine that and YET Greece is unable to change enough to meet those repayments YET they need ANOTHER........ The talks are about agreeing a third bailout so as to service the debt of the previous bailouts and not even touch the underlying problem which Greece cannot afford itself.....!
PDUK
originally posted by: SubTruth
a reply to: MrSpad
I agree and you are spot on.......The only wild cards I see are the rise of nationalism in Europe especially Greece. They have a first rate army and are part of NATO. If they descend into chaos the implications could be global in scale.
Another wild card could be exposure we are not aware of.......One bank fails........Two banks fail......Three banks fail.
The world is watching and waiting for fair and realistic approach, but not holding its breath. Good luck to all those involved and affected.
originally posted by: ForteanOrg
a reply to: ketsuko
Separate identities? The EU currently consists of only 28 nations. Your Republic consists of 50 states, a district and an atol (not mentioning the various American bases worldwide). Just like in Europe, your States differ wildly in culture, language and laws. Like in Europe, you have a federal law (we have European laws). And like in Europe, you had to suffer from a war to unite your country. The differences aren't that big, methinks. Greece leaving the EU would be similar to Texas leaving the US - both can happen, but it is highly unlikely.
originally posted by: onequestion
How is this going to affect stock and dollar value in the US