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06-28-2015, 06:25 PM
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Banned
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Greece To Close Banks, Impose Capital Controls Amid Looming Default
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06-29-2015, 06:19 AM
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Resident octogenarian
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Join Date: May 2009
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Why any group of so called economists actually believed the EU could have a common currency but independent finance ministries is beyond comprehension.
The only surprising part is that it took this long for the whole fool's paradise to break down.
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06-30-2015, 05:50 PM
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Looks like a bit of a drop yesterday, -350 pts. Today was up slightly. It's mostly the EU and the IMF that'll get a soaking from what I've heard.
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I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
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06-30-2015, 06:00 PM
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Senior Member
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Join Date: Nov 2009
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The Frankfurt DAX closed down 3.56% yesterday and fell again today by 1.25%, so nearly 5% in two days.
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Smoke me a kipper. I'll be back for breakfast.
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06-30-2015, 06:08 PM
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Quote:
Originally Posted by Boreas
The Frankfurt DAX closed down 3.56% yesterday and fell again today by 1.25%, so nearly 5% in two days.
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I wonder if the Germans are cutting off their noses to spite their faces?
Seems shortsighted.
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I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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06-30-2015, 07:34 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
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Quote:
Originally Posted by Boreas
The Frankfurt DAX closed down 3.56% yesterday and fell again today by 1.25%, so nearly 5% in two days.
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They have a lot to lose, in several respects.
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As long as the roots are not severed, all will be well in the garden.
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07-01-2015, 01:58 AM
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Mutated Member
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Join Date: Jul 2013
Location: The Fatherland
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It is almost a 24 hours 7 days topic in the news channels here for weeks and months. It is a classical Greek drama. The ordinary Greek citizen has to pay for what the two demi-monde POLITKASPER Zipras and Varoufakis have made a botch-up of.
Very sad and the worst case (currently rather unlikely) would be a civil war.
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REDEN MIT AMERIKA (Chris)
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07-01-2015, 06:07 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
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Quote:
Originally Posted by bobabode
I wonder if the Germans are cutting off their noses to spite their faces?
Seems shortsighted.
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The whole austerity idea was a screw up in the face of a depression, but try and tell that to Angela.
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07-01-2015, 07:17 AM
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Mutated Member
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Join Date: Jul 2013
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Greece received 90 billions euros from Germany. Money that is gone forever, because Greece will never pay back. But we owe 476 billions Reichsmark (how much might that be in euros) to Greece caused by the WWII devastations, so this is okay.
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REDEN MIT AMERIKA (Chris)
Last edited by HarmanKardon; 07-01-2015 at 07:25 AM.
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07-01-2015, 07:30 AM
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Mutated Member
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Join Date: Jul 2013
Location: The Fatherland
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Quote:
Originally Posted by merrylander
The whole austerity idea was a screw up in the face of a depression, but try and tell that to Angela.
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Angela worked her butt off in order to find a solution for the debt crisis. Her austerity was and is a means that even she herself does not like - but exactly this austerity is what the Greek politicians actually needed and now her patience is at an end.
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REDEN MIT AMERIKA (Chris)
Last edited by HarmanKardon; 07-01-2015 at 07:34 AM.
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