I have watched Greece every day this week and every night a new headline of the same old news "Greece close to agreement with creditors" "Deal Near" "Talks ongoing into the night" Etc It is Friday, 3:37 AM in Greece, http://www.timeanddate.com/worldclock/city.html?n=26 and NO progress. WTF over ! Just default already. Please ! Anyone else care to chime in ?
I don't really follow this closely, but wasn't it a short while ago nobody agreed to 50% haircut, and now they are saying "deal is close" for 65-70% haircut and 4% interest for the new 30% year bond? This is crazy, or maybe it just seems that way to me, since my short position is clouding my judgement.
"atmosphere of talks very good" (talks been going on all week.....) :eek: http://www.washingtonpost.com/busin...th-creditors/2012/01/20/gIQAJsl3CQ_story.html
Jan 21 (Reuters) - The representatives of Greece's private creditors have left Athens and debt swap talks will continue over the phone during the weekend... http://www.reuters.com/article/2012/01/21/greece-iif-idUSL6E8CL02E20120121 I say we won't have a deal until the negotiations move to Facebook and Skype chat phase.
I bet there is a party with drugs and hookers going on inside the meeting room. No wonder they have no motivation to finish the 'talks'...
rome is burning and the toga party continues......... http://www.newyorker.com/talk/financial/2011/07/11/110711ta_talk_surowiecki cheers, s
I fully agree with this title "Greece - just default already!" That way Greece can start on a clean slate and just start rebuilding their economy. Stop keeping everyone in suspense and taking time on the news in what we know is already inevitable!!