Author Topic: Greece - What is going on?  (Read 2716 times)

Offline Kaylee_S

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Re: Greece - What is going on?
« Reply #15 on: May 07, 2010, 08:02:37 am »
Yes, it's a tricky situation. In the end the only question is if Greece leaves the Euro first or Germany. It's got to be one of the two and fast. I can't speak fr what's been going on in Greece, but here apparently the new currency has been in the works for months. (All very hush-hush, the mass of the people don't know of course, but with the internet it's possible to find all that out... if you look for it.)
So I'm guessing Germany will leave the Euro zone within the next two weeks.

About the country codes on the Euro notes... It's very unlikely that that will matter, simply because it would be way too complicated to sort them.

If you understand German, the site http://www.hartgeld.com might be worth a look.



metta
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Offline Ron-the-Elder

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Re: Greece - What is going on?
« Reply #16 on: May 07, 2010, 08:27:24 am »
On top of the Euro-banking issues some trader hit the wrong button apparently setting a 1000 point stop limit sell-off here in the U.S. markets.  After a three day sell-off markets dropped almost ten percent, and then rebounded about seven percent when the trading error was corrected.

Lesson:  Don't become attached to money: Euros, Dollars (US), Dollars (CN), Rubbles, Yen, Yuan, Pesos, etc., etc., etc.

Alternative Action:  Buy Rice and feed the rats, ousted CEOs, fired bankers, and corrupt politicians who get voted out of office.
What Makes an Elder? :
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But one in whom there is truth, restraint, rectitude, gentleness,self-control, he's called an elder, his impurities disgorged, enlightened.
-Dhammpada, 19, translated by Thanissaro Bhikkhu.

Offline J. McKenna

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Re: Greece - What is going on?
« Reply #17 on: May 07, 2010, 08:45:50 am »
Can we borrow him in the UK for a while?  He seems like such a sensible chap! :teehee:


Keep him; we've plenty more just like him ........  :smack:
...i found there was no "i" anywhere.....

Offline humanitas

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Re: Greece - What is going on?
« Reply #18 on: May 07, 2010, 11:21:40 am »
Italy I think is going down the same path as Greece.  All my family there has such a hard time just surviving, because they did the same horrible thing of converting the lira to 2:1 to the euro for salaries and government finance, but the industry translated the lira 1:1 so that prices doubled nearly overnight, cost of living doubled while income halved.

Greg, stay safe.  It's a scary world right now.

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Offline gregkavarnos

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Re: Greece - What is going on?
« Reply #19 on: May 08, 2010, 12:27:26 am »
So I'm guessing Germany will leave the Euro zone within the next two weeks.
I doubt it, if they are going to leave then why organise a bailout for Greece?

Leave and lose control of the european central bank?  We all know what control freaks the germans are! :)  It is more likely that Germany will kick Greece out of the monetary union, than Germany will leave the monetary union.  Much more likely!
"A genius is a person who, on a beach full of nudists, can remember peoples faces!"  Arka

Offline Spiny Norman

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Re: Greece - What is going on?
« Reply #20 on: May 08, 2010, 02:17:42 am »
The markets are a bit jittery in the UK, we now have a hung parliament.  The conservatives have most seats but not an overall majority so they're trying to do a deal with the liberal democrats - not clear if that will work out because the conservatives aren't keen on proportional representation.  Gordon Brown is still technically prime minister but his future looks pretty bleak ( poor man ).

spiny

Offline Ron-the-Elder

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Re: Greece - What is going on?
« Reply #21 on: May 08, 2010, 09:27:10 am »
Vee Chermans are controling sings for a reason, mine froins.

Undt donch U forgetting it!

We remembering das Deutch Marks collapsin afta zee secund war ven de Ruski's es cummin entoo Berlin.

Not so goot! :huffy:

What Makes an Elder? :
A head of gray hairs doesn't mean one's an elder. Advanced in years, one's called an old fool.
But one in whom there is truth, restraint, rectitude, gentleness,self-control, he's called an elder, his impurities disgorged, enlightened.
-Dhammpada, 19, translated by Thanissaro Bhikkhu.

Offline humanitas

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Re: Greece - What is going on?
« Reply #22 on: May 08, 2010, 11:18:54 am »
The markets are a bit jittery in the UK, we now have a hung parliament.  The conservatives have most seats but not an overall majority so they're trying to do a deal with the liberal democrats - not clear if that will work out because the conservatives aren't keen on proportional representation.  Gordon Brown is still technically prime minister but his future looks pretty bleak ( poor man ).

spiny

Spiny, you're a Brit?? That explains a lot... :teehee:

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Offline Ron-the-Elder

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Re: Greece - What is going on?
« Reply #23 on: May 08, 2010, 11:55:32 am »
Making it worse The UK now has two governments instead of one, much like in The U.S..  (Tea Party and The Gov'ment)

Time for cessation?

Viva Quebec?

(Where is De Gaulle when you need him?)

The markets are a bit jittery in the UK, we now have a hung parliament.  The conservatives have most seats but not an overall majority so they're trying to do a deal with the liberal democrats - not clear if that will work out because the conservatives aren't keen on proportional representation.  Gordon Brown is still technically prime minister but his future looks pretty bleak ( poor man ).

spiny

Spiny, you're a Brit?? That explains a lot... :teehee:

:headbow:
What Makes an Elder? :
A head of gray hairs doesn't mean one's an elder. Advanced in years, one's called an old fool.
But one in whom there is truth, restraint, rectitude, gentleness,self-control, he's called an elder, his impurities disgorged, enlightened.
-Dhammpada, 19, translated by Thanissaro Bhikkhu.

Offline Ben Yuan

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Re: Greece - What is going on?
« Reply #24 on: May 08, 2010, 07:58:19 pm »
One could hardly say 'two governments.' Negotiations will be complete by the end of the month in the UK and the Teabaggers: what federal governing power do they have?

With all due respect I feel like "Time for cessation?" is quite silly.
Making it worse The UK now has two governments instead of one, much like in The U.S..  (Tea Party and The Gov'ment)

Time for cessation?

Viva Quebec?

(Where is De Gaulle when you need him?)

The markets are a bit jittery in the UK, we now have a hung parliament.  The conservatives have most seats but not an overall majority so they're trying to do a deal with the liberal democrats - not clear if that will work out because the conservatives aren't keen on proportional representation.  Gordon Brown is still technically prime minister but his future looks pretty bleak ( poor man ).

spiny

Spiny, you're a Brit?? That explains a lot... :teehee:

:headbow:

Offline Ron-the-Elder

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Re: Greece - What is going on?
« Reply #25 on: May 08, 2010, 09:25:40 pm »
One could hardly say 'two governments.' Negotiations will be complete by the end of the month in the UK and the Teabaggers: what federal governing power do they have?

With all due respect I feel like "Time for cessation?" is quite silly.


Yup!  It was meant to be silly.

As for what power "Tea Baggers" have, as the U.S. Constitution begins:  "We The People!"..... In this country, The People "are" the boss.  Obama just hasn't figured that out yet.  It will dawn on him just as it did Jimmy Carter.  The Dem and Repubs currently and temporarily in congress will learn much sooner in November of 2010 when they are voted out of office.

We'll see then how these pious so-called servants of We The People discover how much fun it is to join the ranks of We The Unemployed.
What Makes an Elder? :
A head of gray hairs doesn't mean one's an elder. Advanced in years, one's called an old fool.
But one in whom there is truth, restraint, rectitude, gentleness,self-control, he's called an elder, his impurities disgorged, enlightened.
-Dhammpada, 19, translated by Thanissaro Bhikkhu.

Offline Spiny Norman

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Re: Greece - What is going on?
« Reply #26 on: May 09, 2010, 02:58:18 am »
Vee Chermans are controling sings for a reason, mine froins.

Don't mention the war! :teehee:
( For Fawlty Towers fans )

Spiny

Offline Spiny Norman

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Re: Greece - What is going on?
« Reply #27 on: May 09, 2010, 03:01:29 am »
The markets are a bit jittery in the UK, we now have a hung parliament.  The conservatives have most seats but not an overall majority so they're trying to do a deal with the liberal democrats - not clear if that will work out because the conservatives aren't keen on proportional representation.  Gordon Brown is still technically prime minister but his future looks pretty bleak ( poor man ).

spiny

Spiny, you're a Brit?? That explains a lot... :teehee:

:headbow:

Cheeky mare! :teehee:

Spiny

PS Gawd bless the queen mum, apples and pears, fings ain't what they used to be, cockney chimney sweeps and mary poppins, etc

Offline Ron-the-Elder

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Re: Greece - What is going on?
« Reply #28 on: May 10, 2010, 04:52:03 am »
This morning in the financial news from Scottrade:

Quote
EURO-ZONE CENTRAL BANKS BUYING GOVERNMENT BONDS: DEALERS' BODY

Euro-zone central banks have started buying sovereign bonds of some members states as part of the European Central Bank's plan to restore market stability announced Sunday, a body representing bank bond dealers said.
What Makes an Elder? :
A head of gray hairs doesn't mean one's an elder. Advanced in years, one's called an old fool.
But one in whom there is truth, restraint, rectitude, gentleness,self-control, he's called an elder, his impurities disgorged, enlightened.
-Dhammpada, 19, translated by Thanissaro Bhikkhu.

Offline Spiny Norman

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Re: Greece - What is going on?
« Reply #29 on: May 11, 2010, 02:56:23 am »
This morning in the financial news from Scottrade:

Quote
EURO-ZONE CENTRAL BANKS BUYING GOVERNMENT BONDS: DEALERS' BODY

Euro-zone central banks have started buying sovereign bonds of some members states as part of the European Central Bank's plan to restore market stability announced Sunday, a body representing bank bond dealers said.

They seem to have sorted it out  now...for the time being anyway.

Spiny

 


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