Greece 5050 Responses

Last post: 11 months, 1 week ago | Thread started: May 15, 12, 11:18 p.m.

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• qoob

  Time to panic?

  May 15, 12, 11:18 p.m. – Permalink

• GeorgesII

  why would you panic?
  (serious question)

  • Another economic crisis like 2008?– qoob

  

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  Dog-earMay 15, 12, 11:43 p.m. – Permalink

• futuremongolian

  I feel like this story is a bit played. We've apparently been on the edge of disaster for what? 5 years now? None of this has had any effect on me, personally, so fuck it.

  

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  Dog-earMay 16, 12, 1:13 a.m. – Permalink

• maikel

  ^ so, you live like in... Mars?

  • with his parents maybe– sine

  

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  Dog-earMay 16, 12, 1:38 a.m. – Permalink

• Beeswax

  Not that it will make me happy but first Europe and then US is going to decline, says history. Shift in power and wealth is an essential part of the world, prosperity changes hands.

  

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  Dog-earMay 16, 12, 5:10 a.m. – Permalink

• 23kon

  what we should be fearing is dolphins growing opposable thumbs and taking over the world and the pound, dollar, yen etc going down the pan and sardines becoming the world currency.

  ... smelly wallets!

  

  • i'ma start buying stock now...– sine

  

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  Dog-earMay 16, 12, 5:22 a.m. – Permalink

• pillhead

  This is not good.

  

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  Dog-earMay 16, 12, 5:28 a.m. – Permalink

• utopian

  

  • the US is around 50K– _niko1/2

    I love how they try to make out its the people who owe the money, not the corrupt banks
    – qTime2/2

  

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  Dog-earMay 16, 12, 7:20 a.m. – Permalink

• d_rek

  You should be worried, as the EU is a pillar of the 'global economy' and all.

  

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  Dog-earMay 16, 12, 7:33 a.m. – Permalink

• mekk

  lolwut

  

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  Dog-earMay 16, 12, 7:35 a.m. – Permalink

• cotton

  Fucking Germans.

  

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  Dog-earMay 16, 12, 7:37 a.m. – Permalink

• 2002

  Time to panic about Greece was last year. This is the result of it.

  US will definitely take a hit but not as much since growth is maintained. While some multinational companies will take a hit, exposure to EU is relatively small as most have shifted their efforts to China.

  Time to buy in to EU stocks (well in about a month or two). Give them a year to start recovering after EU breaks up. Fiscal policy fight will continue on but by the time its close to resolving, things would look better.

  • would'nt be surprised if the EU kicked out Greece and a number of other nations– monospaced

  

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  Dog-earMay 16, 12, 7:39 a.m. – Permalink

• _niko

  who cares about the economy when we've got basketball!

  • that cska guy must shot himself for missing 2 free throws in the final– Beeswax

  

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  Dog-earMay 16, 12, 7:49 a.m. – Permalink

• maikel

  ^ your last recommendation is nonsense.

  

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  Dog-earMay 16, 12, 7:51 a.m. – Permalink

• honest

  nah, the chinese have a rescue package in place for the eu. no country in the world can ill afford a fuck up of this proportion.

  

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  Dog-earMay 16, 12, 7:52 a.m. – Permalink

• 2002

  The issue of kicking Greece or Italy out is not simply.

  They have lied to EU about their debt load and kept borrowing.

  Since EU does not have a central monetary policy authority and individual countries pretty much do whatever they want, it is rather ineffective.

  Kicking them out will cost so much that it will cripple Germany and France. And so far, those two countries are holding the bags. Greece doesnt really care since they just want to have clean slate.

  

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  Dog-earMay 16, 12, 7:53 a.m. – Permalink

• 2002

  Chinese do not have a rescue package for EU. They have no incentive to rescue them. They would cherry pick on whos bond they buy. They wont do the same as how they have bought US Treasuries.

  

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  Dog-earMay 16, 12, 7:55 a.m. – Permalink

• d_rek

  So the real question is: Will this affect the Facebook IPO?

  

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  Dog-earMay 16, 12, 7:56 a.m. – Permalink

• 2002

  People tend to gravitate toward social gathering when there is an issue in a society as a whole.

  • Thats a buy on Facebook– 20021/4

    Heh. Good answer.– d_rek2/4

    All the marches, demonstrations etc, organized by Facebook.. CHACHING!– 20023/4

    ...organized VIA Facebook... not by... that would be crazy if they did...– 20024/4

  

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  Dog-earMay 16, 12, 7:58 a.m. – Permalink

• teh

  I think Greece needs to return to simpler times. Rely on the sea for exports, grow food and hate to say it start major talks with Italy on organizing a tourist trade etc. Some of the best seafood I had was when I was in Greece and Croatia.

  Best thing they could do is split from Euro and join with the local countries lining the Aegean sea.

  They are on a gold mine and they all need to come together and forget about western capitalism, let it collapse and start new without a private sector where the public runs the means of production. "NO PRIVATE COMPANIES ON GREEK SOIL."

  • great points. You can't force the German mentality into the Greek lifestyle. Square peg round hole.– _niko1/5

    More like no peg, just a big bloody hole.– pillhead2/5

    some of teh greatest thinkers of our time were from greece, why not return to those times?– teh3/5

    of our time? Really? I can't think of a single one.– detritus4/5

    @ teh: What do you think Greec does now?– goldieboy5/5

  

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  Dog-earMay 16, 12, 8:18 a.m. – Permalink

• ernexbcn

  Spain almost went bankrupt today, our debt passed the threshold of requiring a rescue this morning, an all-time record.

  Greece isn't the only problem.

  

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  Dog-earMay 16, 12, 9:25 a.m. – Permalink