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oldtime
Registered: Jun 2011
Posts: 7307 |
06-12-12 11:55 PM
Quote from Swan Noir:
I must be expressing myself poorly. We all know money is pouring out of both Greece and Spain by wire or other electronic means. As that is happening there must be millions of people with nowhere to wire money to. You would think that, just like at Northern Rock in the UK, they would descend on the branches in some numbers large enough to cause lines.
It is not happening and it seems odd to me. BTW, I do not buy the point of view that says all of the money is already gone or that virtually everyone wires. Neither meet the common sense test.
maybe they are so use to government doing everything for them that they have lost the ability to think for themselves.
They will get in line when someone tells them to.
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shfly
Registered: Dec 2000
Posts: 224 |
06-13-12 01:41 AM
Germany HAS to step up to the plate...if Merkel does, the French, Dutch, Finns etc. will too, and maybe a 1930's outcome can be averted.
If your house is on fire, would you take a time out, or try to get a bucket or two of water? Trying to save a EURO or two when the "EU" house is burning is the wrong medicine...IMHO...
http://www.calculatedriskblog.com/2...commentary.html
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achilles28
Registered: Apr 2005
Posts: 7534 |
06-13-12 02:02 AM
Quote from Swan Noir:
I must be expressing myself poorly. We all know money is pouring out of both Greece and Spain by wire or other electronic means. As that is happening there must be millions of people with nowhere to wire money to. You would think that, just like at Northern Rock in the UK, they would descend on the branches in some numbers large enough to cause lines.
It is not happening and it seems odd to me. BTW, I do not buy the point of view that says all of the money is already gone or that virtually everyone wires. Neither meet the common sense test.
Maybe Greeks assume they'll stay in the Euro? Between the deficits they ran and the politicians they back, they seem to be a rather deluded people. The upcoming election (June 17?) features two anti austerity candidates. Both want to roll back austerity measures *and* stay in the EMU?! One guy, the most popular, is campaigning to rehire all the public servants laid off, restore all pensions and salaries for government workers back to pre-08 levels, give them all raises, and roll back all austerity measures. And yes, stay in the Euro. Oh, and don't forget, cut taxes... The ouzo never stops in Greece!
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Trendytrader
Registered: Jan 2006
Posts: 1095 |
06-13-12 02:13 AM
Quote from achilles28:
One guy, the most popular, is campaigning to rehire all the public servants laid off, restore all pensions and salaries for government workers back to pre-08 levels, give them all raises, and roll back all austerity measures. And yes, stay in the Euro. Oh, and don't forget, cut taxes......
Is his name Obama???
I hate to say it but this is all going to end rather badly.
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achilles28
Registered: Apr 2005
Posts: 7534 |
06-13-12 02:21 AM
His name is Alexis Tsipras, head of the new Syriza party. Greeks regard him as a charismatic dynamo. Just the kinda guy to bust Greece outta it's rut!
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