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Stick a fork in Greece...it's days to default.

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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-16-11 08:17 PM
Original message
Stick a fork in Greece...it's days to default.
2 year bond rates...30%.

Here's the sovereign default Nouriel Roubini predicted.
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RandomThoughts Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-16-11 08:21 PM
Response to Original message
1. There is always music
Edited on Thu Jun-16-11 09:13 PM by RandomThoughts
Kutless - Strong Tower
http://www.youtube.com/watch?v=tOxeyj7itJE






300 / HIM - Don't Fear the Reaper
http://www.youtube.com/watch?v=ZH3h70aRFxQ



Brothers in Arms - Dire Straits
http://www.youtube.com/watch?v=k5JkHBC5lDs

Bonnie Raitt - I Can't Make You Love Me
http://www.youtube.com/watch?v=nW9Cu6GYqxo

Bonnie Raitt - Nick Of Time
http://www.123video.nl/playvideos.asp?MovieID=407128

Dire Straits - Walk of Life
http://www.youtube.com/watch?v=vZxVC0GB838


Constantine - Bring me to life (Evanescence)
http://www.youtube.com/watch?v=dx8d3K_hngw



I am still standing

Side note
Hi M.

Ctrl V -- Paste
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Imajika Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-16-11 08:24 PM
Response to Original message
2. I suspect Europe will do whatever it takes to bail Greece out....
From what I gather German industry in particular is doing exceptionally well due to the weaker Euro and the concerns about the smaller financially troubled EU countries. Looks to me like keeping things just as they are benefits Germany so much I can't imagine them not making sure Greece gets just enough money to stumble along.

"Stick a fork in Greece...it's days to default."

Is there some new story here are you just throwing that out there?
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-16-11 08:32 PM
Response to Original message
3. The Germans will bail them out.. the cost of a bailout is far less..
than the ultimate long term effect of a Greece default.
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provis99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-16-11 10:48 PM
Response to Reply #3
4. The Germans have already stated they won't help.
Frankly, I'm a little surprised that Germany hasn't left the EC yet; they don't get any advantages from it.
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-17-11 04:16 PM
Response to Reply #4
5. Germany, France strike deal on Greek bailout..
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-20-11 12:54 AM
Response to Reply #4
6. A majority of Germans want the Deutsche Mark back.
The British were very smart not to give up the pound sterling.
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-20-11 04:52 AM
Response to Original message
7. Incompetence and corruption.
Tax evasion is rampant in Greece.
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-20-11 12:39 PM
Response to Original message
8. Barring a last minute miracle, you're correct.
We'll have to see if the IMF gets their tax system under control so that people, especially the richer people, actually start to pay their damn taxes.

Right now, Greece is a teabagger's dream, tax laws on the books with absolutely no enforcement.
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