Why does one need to be in the class on the receiving end of irrational hate to have a low opinion of those dull enough to perpetrate it?
Greece will be the pain for EU for decades. A new loan means no motive to make real reforms. Populism is on the march.
Back to square one. The same things will happen after some time. I don't believe in Greece already. Do you believe they will pull through?
The IMF is demanding that haircut: http://www.bbc.com/news/business-33531845 http://www.marketwatch.com/story/im...debt-restructuring-2015-07-14?dist=beforebell http://finance.yahoo.com/echarts?s=GREK+Interactive#{"range":"5y","allowChartStacking":true} http://finance.yahoo.com/video/greeces-biggest-problem-wealthy-left-101100521.html
Nobody does, that's why the whole thing is nonsense. Go bankrupt already and as Jim Rogers said nobody would remember in 3 months time that Greece is a bankrupt state. But that's another problem for EU, if Greeks survive and manage to rebuild, then other PIIGS may follow suit and trillions of debt will have to be written off.
The problem in europe is of people like you who postulate the right thing but stand silent. Where were you a week ago or a month ago?
Excellent analysis and very good information. And pretty much in line with what the Wall Street Journal. Barron's, Financial Times, MarketWatch, CNBC and dozens of other financial publications and pundits have been saying. I.e. Greece will/will not go back to the Drachma and the Euro will/will not disappear. My question is when, precisely, will all this happen or not happen? Tomorrow, next week, next month, next year. It would be helpful to know so that I can trade the appropriate markets accordingly. ;-) Best
Lol, they have been saying this for the past 8 years. Shows how few in the financial industry are actual long term producers while the rest feeds off them like hungry parasites. But then talking is free and nobody holds you accountable.