Comments on: I Think Greece Will Default, But The Euro Will Survive Nicely!

By: for sale

for sale — Tue, 18 May 2010 22:27:57 +0000

InvestorGeeks Blog Archive I Think Greece Will Default But The Euro Will Survive Nicely best post. I has been collection in my blog. 2010/06/06

By: blue monkey

blue monkey — Mon, 10 May 2010 23:57:44 +0000

Greece and Spain won’t pay back. This was a calculated Risk, and a Lesson for the Banking System. The only thing Germans can do is:
REPOSSESS 170 Leopard 2AEX Battle Tanks from Greece, and 190 Leopard 2A6E Battle Tanks from Spain.
U.S.A must REPOSSESS 170 F-16 Jet Fighters from Greece, … the rest is gone with the wind …forever …
Greece must stop paying lucrative pensions with borrowed money, reform the free health care system, and cut down, 4 times the military budged.
Greece’s problem is too much debt. Greece has a budget deficit of 12.7% of GDP – meaning that the country is spending 12.7% more than the value of one year’s economic output.
Greece is no different to a serial credit card borrower who can’t pay back his loans. But just like a serial credit card borrower, as long as Greece keeps relying on borrowed money to fund itself, the problem won’t go away. It will just get worse.
http://www.defenseindustrydaily.com/Greece-in-Default-on-U-214-Submarine-Order-05801/
Don’t worry; the ECB, the Fed or both will print the money.
And all of us will share the pain, with our hard-earned money.
Bad is never good until worse happens.

By: andyk

andyk — Thu, 18 Feb 2010 10:47:34 +0000

Greece will not default or won’t be allowed to default. Who do you think they owe all this money to? Most of it is owed to big banks in the big euro countries. If Greece defaults you will have another round of banking collapses, bailouts and a renewed crisis. Better for the EU to give the Greeks money so they can give it back to EU banks, than for the EU to have to give it directly to the banks through another round of crisis bailouts.

It’s just another phase of this ridiculous game of money go round which will probably collapse within a year or two at which point it might be a good idea to invest in cans of soup rather than money.

By: Christian

Christian — Wed, 17 Feb 2010 14:15:49 +0000

Yupe the ECB sure will be kinder to the other Euro countries…

By: raju

raju — Tue, 16 Feb 2010 06:29:44 +0000

Though I am guessing with respect to the other countries the ECB will be kinder. And the fact that the Euro will fall will only make it simpler for Euro countries to export. In other words there is NO REASON