Screw Greece

The EU wants to throw them a lifeline and the Greeks want to have a vote on whether to grab it? Screw them. If they vote no they should be booted out of the EU and left to fend for themselves, with their 50-somethings retirees.

fuck em...let em deal with hyperinflation...

I agree screw them. Get it over already. Close shop and call it a day.

It always seems that every country and continent has that one place that doesnt agree with shit and always wants to fuck shit up. i dont know what exactly what is going on in Greece but assume its one of them cases. In canada we have Quebec(Queerbec) .These fucking pandies complain about everymove the government makes because ultimatly they want to be their own country and devide. I say let them....feed them to the sharks. It would only be a matter of time when they come crawling back asking for assistance because they def dont have near the resources to become a independant country. And if this is the same case for the greeks then fuck them too. I know EU has alot more balls then north america when it comes to cracking the whip and i would love to see Greeks get an example made outta their asses.

Stickystickyganja said:

It always seems that every country and continent has that one place that doesnt agree with shit and always wants to fuck shit up. i dont know what exactly what is going on in Greece but assume its one of them cases. In canada we have Quebec(Queerbec) .These fucking pandies complain about everymove the government makes because ultimatly they want to be their own country and devide. I say let them....feed them to the sharks. It would only be a matter of time when they come crawling back asking for assistance because they def dont have near the resources to become a independant country. And if this is the same case for the greeks then fuck them too. I know EU has alot more balls then north america when it comes to cracking the whip and i would love to see Greeks get an example made outta their asses.

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I am not an expert on the topic but I believe it boils down to the EU offering more bailout funds for debt-ridden Greece, but it comes with austerity measures. One of the reasons that Greece is in so much trouble is that their citizens were eligible for retirement somewhere in their 50s. That isn't the only reason of course, but people are rioting over it. So, the politicians don't want it on them to accept the bailout, they want the people to vote on it. If they do vote, and the answer is no, watch out. The market looks pretty good today after yesterday's gloom, but more bad news out of Greece such as a no vote will send markets tumbling.

I dont understand. How would greece alone can do such damage to the market if they do not accept the bail-out.

Yeah, its basically comming down to austarity measures. Do they want to accept more bailout shit and spend the next 50 years in debt or declare bankrupcy and reform their economy. Dont be so quick to judge, they are obviously having a hard time

Stickystickyganja said:

I dont understand. How would greece alone can do such damage to the market if they do not accept the bail-out.

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Greece is a member of the EU. They use EU currency. They are very heavily in debt to other nations, especially in Europe. If they default, it brings down all of us. First and most directly the EU, but our markets depend heavily on them. It's a global market. That much debt, that much default will send global markets plummeting.

Fuck Greece. Let them implode

is not the Greece idiots we are afraid of, its the silly EU and bailing them out, which does not good in the long run, it will send the world into a small dip for another year.but i dont care, fuck em.

I suppose it will eventually come down to America some day in the future, (Soon I'm afraid) and then, who will be saying, "Fuck them"? I'll bet it would be most of the rest of the world.

they've got about 4 restaurant in my town.......just come to america!!!

actually one of the restaurant owners is being audited right now.......i guess greeks no matter where they are like to hid things in the books and pretend its not their.

The responsible thing to do, of course, is to give Greece a larger bailout without any short term Austerity measures. Then the ECB needs to adjust it's thinking about monetary policy, specifically with inflation targets and lender of last resort responsibilities.

But that wont happen. Whatever.

Tho they caused much of their problem themselves, two things have and are making it worse. Greece invested in American bank derivatives, we know what that helped cause here. American banks are still shorting / betting against the Euro and Greece making the issues that much worse.

Wall Street and the banksters (banking gangsters) caused much more of an issue then just here at home.

Bankster : Let us get sub prime mortgages, repackage them and sell as AAA investments, then bet against them.

*Go do some research and see how many countries, States in the USA, retirement pension funds and more were all sold this junk. Instead of going after too big to fail, countries, states , counties are going after the middle class for more instead of the banks who did the robbery and already got our money to be bailed out.

Short selling in general can cause huge issues.

Eric Cantor had positions that shorted UStreasury bonds. He was pretty vocal calling for the debt ceiling not to be raised

I know it's been going on a long time, and I probably don't know what I'm talking about, but I think short selling should be banned. And derivatives. What the hell are those, besides outright gambling? No tangible assets, just betting on whether someone else's investment does well really.

tet1953 said:

I know it's been going on a long time, and I probably don't know what I'm talking about, but I think short selling should be banned. And derivatives. What the hell are those, besides outright gambling? No tangible assets, just betting on whether someone else's investment does well really.

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Short selling is a necessary evil

I thought Derivatives were Illegal after that guy 7 years ago in hong kong lost 6 billion for his company
Guess not