Will a Grexit cause another GFC?

SilverPete said:
Court Jester said:
talking bout GFC ....
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Talking about Greece, do you feel uncomfortable thinking about young Greek men competing in the ancient Olympic Games, their naked, toned bodies glittering with sweat in the sun?
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Most Greek mens bodies can't glitter in the sun coz of too much bodily hair, even on their backs.

I once had a Greek friend who had more dense hair on his back then I could grow on my face.
 
Court Jester said:
TheEnd said:
Just wondering 2 days before it actually happpens. (if it really does happen?).

Will a Grexit cause another GFC?

I have no idea?
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talking bout GFC and money how is the job going? Are you still employed?
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Lost the job 3 months ago.....Appperently performance not up to standard.

Looking for work as we speak.
 
It wont be the cause...it could be the spark that starts it but not the ultimate cause.
When I say could be...Im not placing bets on it.
 
Greece is threatening to sue the EU institutions and seek a court injunction to block the country's expulsion from the euro and stop a suffocation of the banking system.
"The Greek government will make use of all our legal rights," said Yanis Varoufakis, the finance minister.
"We are taking advice and will certainly consider an injunction at the European Court of Justice," he told The Daily Telegraph.
"The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable."

Greek officials said they were seriously considering suing the European Central Bank for freezing emergency liquidity for the Greek banks at 89bn.
It turned down a request from Athens for a 6bn increase to keep pace with deposit flight.
This effectively pulled the plug on the Greek banking system, in what the ruling Syriza party claimed was a breach of the ECB's legal duty to maintain financial stability. "How can they justify setting off a run on the Greek banking system?" asked one official.

http://www.smh.com.au/business/comm...-to-sue-as-it-faces-euro-exit-20150630-gi13zs
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This is gonna be a messy divorce.
 
It's just been leaked that the finance minister of Germany has said that Greece can still stay in the eurozone on a NO vote, which is counter to what most of the pro european union news media outlets keep saying
 
GREECE PROPOSES NEW TWO YEAR BAILOUT

The Greek government has proposed a new Two-Year bailout programme, according to news breaking in Athens.

This two-year programme would be supplied under the European Stability Mechanism and crucially would run alongside a debt restructuring. And it wouldn't include the International Monetary Fund.

In a statement from Alexis Tsipras's office, cited by Reuters, Greece says it is still at the negotiating table, and seeking "a viable solution, under the end, aimed at staying in the euro."


This could be a very significant development, depending on how creditors react. No word yet on how large this programme would be, though, let alone what conditions Greece is prepared to accept.

One important point -- this would not be an extension of the current bailout (which was made under the EFSF) but a whole new programmme. That means a discussion of debt relief would be an option.
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From the guardian's live updates
 
I heard on CNBC that one government MP had seen plans for a switch to the drachma. Obviously they are trying to keep that very hush hush since it's not their first choice, but those plans are being worked on right now apparently.
 
aleks said:
GREECE PROPOSES NEW TWO YEAR BAILOUT
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From the guardian's live updates
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GREECE PROPOSES NEW TWO YEAR KICKING OF THE CAN DOWN THE ROAD

I guess that would be a lifeline for anyone who hasn't already drained their bank accounts, allowing them to get their money out.
 
SilverPete said:
aleks said:
GREECE PROPOSES NEW TWO YEAR BAILOUT
Click to expand...

From the guardian's live updates
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GREECE PROPOSES NEW TWO YEAR KICKING OF THE CAN DOWN THE ROAD

I guess that would be a lifeline for anyone who hasn't already drained their bank accounts, allowing them to get their money out.
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Bloody hell another 2 YEARS.....This Greece debacle really is a BIG JOKE is'nt it???

If they cant afford it then thats its....THEY CANT AFFORD IT!!!!! :mad:
 
TheEnd said:
SilverPete said:
aleks said:
From the guardian's live updates
Click to expand...
GREECE PROPOSES NEW TWO YEAR KICKING OF THE CAN DOWN THE ROAD

I guess that would be a lifeline for anyone who hasn't already drained their bank accounts, allowing them to get their money out.
Click to expand...

Bloody hell another 2 YEARS.....This Greece debacle really is a BIG JOKE is'nt it???

If they cant afford it then thats its....THEY CANT AFFORD IT!!!!! :mad:
Click to expand...

Tell that to the Federal Reserve with the USA more than 19 TRILLION in debt .....
 
systematic said:
TheEnd said:
SilverPete said:
GREECE PROPOSES NEW TWO YEAR KICKING OF THE CAN DOWN THE ROAD

I guess that would be a lifeline for anyone who hasn't already drained their bank accounts, allowing them to get their money out.
Click to expand...

Bloody hell another 2 YEARS.....This Greece debacle really is a BIG JOKE is'nt it???

If they cant afford it then thats its....THEY CANT AFFORD IT!!!!! :mad:
Click to expand...

Tell that to the Federal Reserve with the USA more than 19 TRILLION in debt .....
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The fed can invent as much money as they need, the Greeks don't have that luxury.
 
phrenzy said:
The fed can invent as much money as they need, the Greeks don't have that luxury.
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Zimbabwe had that luxury too and used it - how did that work out for them ?
 
Greek people do not longer have access to their deposit into vaults they rent on a bank.

I have only a link in german

http://www.focus.de/finanzen/news/s...-wollte-2012-schon-den-grexit_id_4796953.html


Vize-Finanzminister: Griechen drfen kein Geld aus Bankschliefchern holen

20.01 Uhr: Der stellvertretende Finanzminister kndigt an, dass die Griechen aufgrund der Kapitalverkehrskontrollen kein Geld aus Bankschliefchern holen drfen - selbst dann, wenn die Banken wieder ffnen sollten. Damit soll sichergestellt werden, dass das Abhebelimit von 60 Euro nicht berschritten wird.
 
O.k so its looking like google news is saying Greece may not come up with a new deal today (sunday)?

They may actually exit the Euro for at least five years some are saying.

I really hope this actually happens.

The Euro was never a good idea from day one!
 
I think there's a better chance of you finding steady fulltime employment before the Greek saga finally comes to a conclusion
 
Caput Lupinum said:
I think there's a better chance of you finding steady fulltime employment before the Greek saga finally comes to a conclusion
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I'm thinking we'll see the technological singularity before either of those unlikely scenarious eventuate :P

And then I will be prancing around in a robot body made of silver.
 
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