Indeed, for instance Montenegro adopted the euro without participating in the european system of central banks. http://en.wikipedia.org/wiki/Central_Bank_of_Montenegro
ECB orthodoxy might force Greece out, thats the risk case in my view. If they default the ECB will lose so much money that they will be able to claim they can't provide liquidity anymore because they are not in the business of taking credit risks http://marginalrevolution.com/marginalrevolution/2012/05/the-money-pump-sentences-to-ponder.html Its a hard call to make, specially given that I don't follow the ECB or EU politics as closely as in the US. I'm going to be cautious
unless they demand to be out, it look's like greece will stay in ,possibly cheaper at the moment ,a bank walk, than a bank run http://www.cnbc.com/id/47513542
Ackman's JCP presentation from the other day ... http://www.scribd.com/doc/94429141/Bill-Ackman-s-Ira-Sohn-JCP-Presentation
NFLX fully Tilsoned. Red on the year. Considering "Whit" doubled down on the shares somewhere around $80-90, he's managed to lose a lot more on the play than if he just bought and took a vacation. I'll add as an aside that we tried the Netflix streaming service and it's worthless. We have neighbors who feel the same way. Don't know anyone who hasn't cancelled after a few months. It works great - trouble is there's very little of viewing interest available.
I generally don't watch TV shows and wouldn't recognize one prime time offering if it was right in front of my face. I did look for The Wire though, and it wasn't available. The movie selection had nothing, mostly a bunch of B-level, straight to video crap.
My read is that he is trying to get people to vote for pro-bailout parties. He might create a bank run in the process
The bazookas to keep the bailouts going are getting extreme. Maybe I need to consider that the bazookas will win(Syriza will drop in polls due scaremongering)