My Big Fat Greek Funeral: How Many PIIGS Will Survive?

Discussion in 'Economics' started by shortie, Jun 17, 2011.

How Many PIIGS Will Default?

  1. At least 1 of Little PIIGS (Greece, Portugal or Ireland)

    5 vote(s)
    23.8%
  2. 2-3 Little PIIGS (Greece, Portugal or Ireland)

    2 vote(s)
    9.5%
  3. At least 1 of Big PIIGS (Spain or Italy)

    1 vote(s)
    4.8%
  4. All Will Default

    8 vote(s)
    38.1%
  5. No One Will Default

    5 vote(s)
    23.8%
  1. It will be the world on a continuous pump and dump scheme on it's currency. Much like today ;)
     
    #31     Jun 19, 2011
  2. Locutus

    Locutus

    Oh my, a protester kicked a police officer? Time to panic.

    Anyway, this just hit the wires: http://www.google.com/hostednews/af...ocId=CNG.105975a399e42bed5c5d964daff21f4a.761

    Bit disappointing these muppets just can't seem to get their heads out of theri collective asses. It will be interesting to see if the markets will react badly to this. It will be especially interesting to see if my SocGen calls will open decently still, I'm quite worried about those...

    Also to a previous poster on this thread, there is no such thing is a skyrocketing Euro (or Dollar, or JPY or AUD or any major currency) because that's just now how the market works. I can't imagine any situation in which liquidity for any side of the EUR.USD trade would come under any real pressure (which is what you need for very fast volatile moves) and certainly not because of Greece. Greece is not a currency issue.
     
    #32     Jun 19, 2011