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Greece 5050 Responses
Last post: 11 months ago | Thread started: May 15, 12, 11:18 p.m.
- 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.


- Dog-earMay 16, 12, 1:13 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.

- Dog-earMay 16, 12, 7:39 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.


- Dog-earMay 16, 12, 7:53 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."


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




