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Originally posted by Dynamitrios
Im a greek who lives in Germany and is going to move to Greece soon.
It looks like i might throw some stones down there. Cant wait
Originally posted by ChristIsHere
Do you think, and this is just what i think, that maybe the Illuminati caused the collapse in Greece to see what effects it would have so that they could get prepared in doing it to America? You know like maybe they were doing a "trial run" to see what would happen. So they can prepare... I'm just saying. Think outside the box =D
Germany on Wednesday rejected Greek accusations that Berlin had failed to properly compensate Greece for Nazi occupation in World War Two, saying it had provided billions of euros worth of aid.
Originally posted by Hithe Merinos
Italy masked finances worse than Greece - Pangalos
Originally posted by mtok7
Try this link instead
www.youtube.com...
Greece set off the crisis rattling the euro zone. Spain could determine whether the 16-nation currency stands or falls.
The euro zone's No. 4 economy, Spain has an unemployment rate of 19%, a deflating housing bubble, big debts and a gaping budget deficit. Its gross domestic product contracted 3.6% in 2009 and is expected to shrink again this year, leaving Spain in its deepest and longest recession in a half-century.
Euro-zone heavyweights Germany and France have pledged to support Greece if necessary. But any bailout for Spain—whose $1.6 trillion economy is nearly double those of troubled euro-zone partners Greece, Portugal and Ireland combined—would be far costlier.
Greece set off the crisis rattling the euro zone. Spain could determine whether the 16-nation currency stands or falls.
The euro zone's No. 4 economy, Spain has an unemployment rate of 19%, a deflating housing bubble, big debts and a gaping budget deficit. Its gross domestic product contracted 3.6% in 2009 and is expected to shrink again this year, leaving Spain in its deepest and longest recession in a half-century.
Euro-zone heavyweights Germany and France have pledged to support Greece if necessary. But any bailout for Spain—whose $1.6 trillion economy is nearly double those of troubled euro-zone partners Greece, Portugal and Ireland combined—would be far costlier.
A "shock and awe" infusion aimed at renewing faith in Spain's finances, should it be necessary, would take roughly $270 billion, according to an estimate by BNP Paribas. It estimates similar confidence-restoring moves in Greece, Ireland or Portugal would require $68 billion, $47 billion and $41 billion, respectively.
Originally posted by SonicInfinity
If this was about America, it would have well over 100 flags and 500 replies by now. This is an extremely important event that everybody around the globe should be paying attention to, since it could be what's happening soon all over.
"Greece is just the beginning," he said. "We usually see a bunch of sovereign defaults [in the years following a banking crisis]... I predict we will again. It's very hard to call the timing but it will happen."
As well as his time at the IMF – he was chief economist from 2001-2004 – Prof Rogoff is best known for predicting the collapse of a number of major banks in the summer of 2008, which came true with the implosion of Lehman Brothers, and the need for rescues of both Halifax Bank of Scotland and the Royal Bank of Scotland.
On Greece, Prof Rogoff expects the IMF – not the European Union – to eventually bail out of the Mediterranean nation. He said: "I don't think Europe's going to succeed."
He also takes a very dim view of the US's debt situation, saying the US "is in a state of paralysis in its fiscal policy". However, he believes America is more likely to tighten monetary policy ahead of spending cuts: "When they start tightening monetary policy even a little bit, it's going to send shockwaves through the system."
Originally posted by constantwonder
It seems no one is predicting sunshine anymore other that the U.S administration. I find it almost amusing that even when the world is burning down around them the talking heads in Washington just sit and grin. . . .
Originally posted by SonicInfinity
If this was about America, it would have well over 100 flags and 500 replies by now. This is an extremely important event that everybody around the globe should be paying attention to, since it could be what's happening soon all over.