Greece passes second bailout deal...

I just read in the news that amount of 2nd bailout for Greece is not enough, and they missing 5,5 billion of eur more , so in Monday they will give green light for investors to start changing old bonds with new one with 25% value of original. But they will not approve transfer of 130 billion to the Greece.
This is also known like control default. So probably Greece will really go default on 23rd March.
 
Now that's an interesting use of fire extinguishers. Might be a bullmarket in fire extinguisher manuafcturers from here.

[youtube]http://www.youtube.com/watch?v=zo2TgnKTI_0[/youtube]
 
Sorry i'm going to sound very stupid, but if germany let greece default, then euro will strenghten, and who can afford to buy those BMWs? :/
 
Mi lao shu said:
I just read in the news that amount of 2nd bailout for Greece is not enough, and they missing 5,5 billion of eur more , so in Monday they will give green light for investors to start changing old bonds with new one with 25% value of original. But they will not approve transfer of 130 billion to the Greece.
This is also known like control default. So probably Greece will really go default on 23rd March.
Click to expand...
It will be enough to get them through till after the elections in April. Let's just hope they have enough people power to hold off the angry mob till then! I doubt it.
 
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