Bitcoin Forum
June 25, 2024, 09:28:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 »
  Print  
Author Topic: If Greece defaults  (Read 45190 times)
bryant.coleman
Legendary
*
Offline Offline

Activity: 3696
Merit: 1217


View Profile
June 12, 2015, 03:33:23 PM
 #221

Still gonna see the US' hand in this?

I am sure that the Americans are behind frau Merklel's change of mind. And I don't want to speculate their reasons to do so. Possible reasons might be the Qatari LNG, or a change in the US strategy towards Russia. Now you'll ask me why the Qatari LNG became a factor all of a sudden. Don't have an answer for that also.
deisik
Legendary
*
Offline Offline

Activity: 3458
Merit: 1280


English ⬄ Russian Translation Services


View Profile WWW
June 12, 2015, 04:07:20 PM
Last edit: June 12, 2015, 09:09:36 PM by deisik
 #222

Still gonna see the US' hand in this?

I am sure that the Americans are behind frau Merklel's change of mind. And I don't want to speculate their reasons to do so. Possible reasons might be the Qatari LNG, or a change in the US strategy towards Russia. Now you'll ask me why the Qatari LNG became a factor all of a sudden. Don't have an answer for that also.

I'd rather ask whether the Qatari LNG became a factor at all (since then) and whether the US strategy towards Russia really changed back then (I mean, in 2012). Why didn't it change in 2008 then, after the US fiasco in Georgia? But it doesn't actually matter, since you are evidently trying to interpret information in such a way that confirms your assumptions, and, at the same time, ignoring factors and facts that work against it (that is called confirmation bias, by the way), e.g. the history of the South Stream project (which is almost as old as its Northern sibling)...

The sudden change in frau Merkel's attitude is pretty well explained by more prosaic reasons (and the 50% deployment of the Nord Stream too), as well as the fate of the South Stream pipeline (remember, its history as well as problems started long before the Ukrainian crisis or frau Merkel's blowout)


Fabrizio89
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000


View Profile
June 12, 2015, 06:49:57 PM
 #223

Greece won't deault but it's likely it will leave the Euro, eurusd will probably dip and then pump hard after that as Greece leaving will be a relief for the european situation thus giving some breathing space, then markets will resume their risk off mode and for btc there will be no hope because king dollar.
JackH (OP)
Sr. Member
****
Offline Offline

Activity: 381
Merit: 255


View Profile
June 13, 2015, 05:42:04 PM
 #224

One step closer to a western economy inside the Eurozone collapsing: http://www.bbc.co.uk/news/business-33106990

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
countryfree
Legendary
*
Offline Offline

Activity: 3052
Merit: 1047

Your country may be your worst enemy


View Profile
June 13, 2015, 05:50:55 PM
 #225

At least, we're getting closer to a solution. I'm really fed up with Greece's problems making top headlines news. Every month, it's the same story with the country on verge of bankruptcy because it's unable to pay its debts. This just cannot go on for years. When there's a problem between a bank and an individual, the matter is settled much quicker.

I used to be a citizen and a taxpayer. Those days are long gone.
deisik
Legendary
*
Offline Offline

Activity: 3458
Merit: 1280


English ⬄ Russian Translation Services


View Profile WWW
June 13, 2015, 05:58:09 PM
 #226

One step closer to a western economy inside the Eurozone collapsing: http://www.bbc.co.uk/news/business-33106990

No more than just information noise (aka bullshit)

Quote
The Athens stock exchange closed nearly 6% lower. Germany's Dax and France's Cac 40 ended more than 1% lower.
Quote
Shares also fell in the US, with the Dow Jones index dropping 0.8%.

Stocks fall and rise everyday, 0.8-1% range (and a way higher) is nothing to talk about


Erdogan
Legendary
*
Offline Offline

Activity: 1512
Merit: 1005



View Profile
June 13, 2015, 06:24:41 PM
 #227

The keynesians are busy saying "come on, we have to save europe", meaning: pay the the fuckers and move on. This might in fact happen, it is just that it does not solve the problem, mostly because all the countries are insolvent. There will be political pressure to expand the states, and there will be downward pressure on the euro itself. So it will not help, but it can fool the market actors, who are mostly keynesians too, and the people, who also are keynesians just about all of them (or believe whatever the politicians say). There is no solution in sight.
 
JerryCurlzzz
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
June 13, 2015, 07:57:30 PM
 #228

The writing is already on the wall -- just get it over with. Grexit will be painful in the short term for the Euro, but bullish longterm. Expel the weak link and pick up the pieces.

(On the other hand, this may empower anti-austerity parties in Portugal, Spain Tongue)
Gronthaing
Legendary
*
Offline Offline

Activity: 1135
Merit: 1001


View Profile
June 14, 2015, 11:43:32 PM
 #229

The writing is already on the wall -- just get it over with. Grexit will be painful in the short term for the Euro, but bullish longterm. Expel the weak link and pick up the pieces.

(On the other hand, this may empower anti-austerity parties in Portugal, Spain Tongue)

An anti austerity party will probably win in Spain already. Maybe another will in Ireland too. But Spain is too large. It can't be kicked out of the eurozone like that. Austerity policies can't go on forever.

It is not necessary for Greeks to pay the EU taxpayers and IMF in euros. They can pay them in drachmas.

That is assuming anyone will take drachmas as payments. But won't the drachma be too devalued even if that happens? How will Greece import what it needs from other countries then?
bryant.coleman
Legendary
*
Offline Offline

Activity: 3696
Merit: 1217


View Profile
June 15, 2015, 03:39:05 AM
 #230

Made some calculations. For the next 50 years or so, the Greeks should pay the troika somewhere around €7 billion to €10 billion every year. And the potential revenues from the Turkish Stream project is €1 billion to €2 billion per year. So it is clear that Russia won't be able to help them much. And since there is no other revenue source for the Greek government, it is certain that they will default. But when?
deisik
Legendary
*
Offline Offline

Activity: 3458
Merit: 1280


English ⬄ Russian Translation Services


View Profile WWW
June 15, 2015, 10:26:59 AM
 #231

Made some calculations. For the next 50 years or so, the Greeks should pay the troika somewhere around €7 billion to €10 billion every year. And the potential revenues from the Turkish Stream project is €1 billion to €2 billion per year. So it is clear that Russia won't be able to help them much. And since there is no other revenue source for the Greek government, it is certain that they will default. But when?

It is not certain at all. Why think so narrowly? They could easily ask Russians (or China) for a credit line (which they probably already did), and then lease an island (or two, for either country) for the same 50 years or so...

Besides, 50 years is a lot of years, so anything could happen ("fuck the EU")

Anony
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


Invest & Earn: https://cloudthink.io


View Profile
June 15, 2015, 10:45:21 AM
 #232

We have €448m to the International Monetary Fund is due this Thursday (April 9th).

Then we have public sector wages and pensions, €1.7b in social security payments made by the state (April 14th).

Then we have a €200m loan repayment to the IMF (May 1st).

Now correct me if I am wrong, but if Greece cant pay any of these 3 bills we are talking about the first "western modern" country to be technically in default. If they resort back to the Drachma, it will be one of the most worthless currencies on the planet.

What I cant really figure out is the outcome, both worldwide financially against the Euro, and obviously against Bitcoin. Will we see BTC as safe heaven? Something tells me only a little, because the average Greek is not highly IT literate, but I could be wrong here.

Give me your thoughts people, as this goes down in about 3 days from now!

That would be huge. I have been reading news about Greece that its economy has fallen in great numbers. I do not understand where does all the money vanishes. All my logic says, that the money will go from one hand to another. But it has been a magic trick, that it leaves one hand but never gets received on the other one. Once the European countries were considered to be the richest in whole world and now almost all of them are going through financial crisis.

cloudthink.io   



 



 



 



 



 



Truly Profitable Investment Packages
Custom-Built ASIC Miners ● #1 Self-Sustainable Bitcoin Mining Service in the World ●
Searing
Copper Member
Legendary
*
Offline Offline

Activity: 2898
Merit: 1464


Clueless!


View Profile
June 15, 2015, 10:49:27 AM
 #233



nothing much will happen imho they will just spend years kicking the can down the road from crisis to crisis imho ...look at Japan's problems
in the past..they managed to lurch along I expect the same from Greece

better a little loss to the bankers year by year then a huge hit if it all goes pear shaped imho is what they are thinking

(death from the little paper cuts so to speak)


Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
V for Varoufakis
Sr. Member
****
Offline Offline

Activity: 261
Merit: 250


View Profile
June 16, 2015, 09:01:56 AM
 #234

Soon the europeans mother fuckers will take their lesson from communists.
yayayo
Legendary
*
Offline Offline

Activity: 1806
Merit: 1024



View Profile
June 16, 2015, 09:52:07 AM
 #235

Soon the europeans mother fuckers will take their lesson from communists.

Yeah, it will get very ugly for the Greek people. Communists tend to be economically illiterate and love to use collective coercion to hide this.

People in Greece will soon feel the catastrophic results of their vote. Of course, they will blame others for their misery.

ya.ya.yo!

.
..1xBit.com   Super Six..
▄█████████████▄
████████████▀▀▀
█████████████▄
█████████▌▀████
██████████  ▀██
██████████▌   ▀
████████████▄▄
███████████████
███████████████
███████████████
███████████████
███████████████
▀██████████████
███████████████
█████████████▀
█████▀▀       
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████       
████████▌     
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████     
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
.
Premier League
LaLiga
Serie A
.
Bundesliga
Ligue 1
Primeira Liga
.
..TAKE PART..
Anony
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


Invest & Earn: https://cloudthink.io


View Profile
June 16, 2015, 01:30:45 PM
 #236

Soon the europeans mother fuckers will take their lesson from communists.

Yeah, it will get very ugly for the Greek people. Communists tend to be economically illiterate and love to use collective coercion to hide this.

People in Greece will soon feel the catastrophic results of their vote. Of course, they will blame others for their misery.

ya.ya.yo!

What voting for someone has got to do with the failling economy? This is not the result of a new government. This is the result of the whole policy being following since so many years. And it is the same case in every other country which is facing economic crisis.

cloudthink.io   



 



 



 



 



 



Truly Profitable Investment Packages
Custom-Built ASIC Miners ● #1 Self-Sustainable Bitcoin Mining Service in the World ●
bryant.coleman
Legendary
*
Offline Offline

Activity: 3696
Merit: 1217


View Profile
June 16, 2015, 03:50:02 PM
 #237

It is not certain at all. Why think so narrowly? They could easily ask Russians (or China) for a credit line (which they probably already did), and then lease an island (or two, for either country) for the same 50 years or so...

I am not sure whether Greece can lease out its islands to non-EU nations such as Russia or China, as it is a NATO member. Doing so will almost certainly result in Greece being expelled from the NATO, and from the EU. They might be able to lease their islands to private individuals, but other than that they can't do much.
manselr
Legendary
*
Offline Offline

Activity: 868
Merit: 1004


View Profile
June 16, 2015, 04:16:20 PM
 #238

At least, we're getting closer to a solution. I'm really fed up with Greece's problems making top headlines news. Every month, it's the same story with the country on verge of bankruptcy because it's unable to pay its debts. This just cannot go on for years. When there's a problem between a bank and an individual, the matter is settled much quicker.
Since this has been going on for 5+ years the Greek strategy has been to wear-down their lenders with bullshit until they finally are so frustrated they cave-in and say go ahead and do what you want with the money ... see how well that has worked!
Gronthaing
Legendary
*
Offline Offline

Activity: 1135
Merit: 1001


View Profile
June 16, 2015, 11:38:10 PM
 #239

Soon the europeans mother fuckers will take their lesson from communists.

Yeah, it will get very ugly for the Greek people. Communists tend to be economically illiterate and love to use collective coercion to hide this.

People in Greece will soon feel the catastrophic results of their vote. Of course, they will blame others for their misery.

ya.ya.yo!

What voting for someone has got to do with the failling economy? This is not the result of a new government. This is the result of the whole policy being following since so many years. And it is the same case in every other country which is facing economic crisis.

Not only that. But syriza isn't even communist. What they proposed so far is barely socialist at all.

At least, we're getting closer to a solution. I'm really fed up with Greece's problems making top headlines news. Every month, it's the same story with the country on verge of bankruptcy because it's unable to pay its debts. This just cannot go on for years. When there's a problem between a bank and an individual, the matter is settled much quicker.
Since this has been going on for 5+ years the Greek strategy has been to wear-down their lenders with bullshit until they finally are so frustrated they cave-in and say go ahead and do what you want with the money ... see how well that has worked!

That's not true. Previous governments were applying austerity measures. From when they were told their economy would contract by 2% at most up until it contracted by 20 some %. Still had a lot of corruption and tax evasion though. The current government has been fighting tax evasion and corruption more. But is trying to avoid even more austerity which would cause even more problems. It's the conditions imposed on Greece that make no sense.
bryant.coleman
Legendary
*
Offline Offline

Activity: 3696
Merit: 1217


View Profile
June 17, 2015, 02:25:24 AM
 #240

Since this has been going on for 5+ years the Greek strategy has been to wear-down their lenders with bullshit until they finally are so frustrated they cave-in and say go ahead and do what you want with the money ... see how well that has worked!

The Greeks should have kick-started their austerity measures in 2009, when the global recession was at its peak. But rather than introducing the austerity measures and cutting back on expenses, the two governing parties (ND and PASOK) tried to win the elections by offering more and more freebies to the general population.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!