Greece talks over EU bailout end without agreement [NotSoBreaking]

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User Info	Greece talks over EU bailout end without agreement in forum [NotSoBreaking]
Coldfusion54 Posts: 46 Incept: 2007-11-30	http://www.bbc.co.uk/news/business-16895.... Boom? Even the far right opposes it? That can't be good. "I am not going to contribute to a revolution that will humiliate us and that will burn Europe", said Giorgos Karatzaferis, leader of the far-right Laos party. Last modified: 2012-02-05 15:11:44 by coldfusion54 Reason: Detail 2012-02-05 15:07:48 Permalink
Genesis Posts: 131485 Incept: 2007-06-26	Heh heh.... ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-02-05 15:08:46 Permalink
Mayorquimby Posts: 13916 Incept: 2008-09-18 The Archaic Past	Curious to see how our bond market reacts... ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-05 15:15:35 Permalink
Uwe Posts: 6576 Incept: 2009-01-03 19446	BBC wrote.. Greece has prepared a debt plan with private creditors to halve the value of Greek debt and in return receive new, 30 year bonds with an average interest rate of less than 4%. A 50% haircut up front and 4% coupon for 30 years on what's left? If I were holding an Greek debt, I think I'd rather take my chances on a CDS payout. -Uwe- ---------- “Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke 2012-02-05 15:16:29 Permalink
Curbyourrisk Posts: 3605 Incept: 2008-08-19 Farmingdale, NY	No matter what happens Uwe, this will not be labeled a credit event. There is no way they would be able to deal with the domino effect the banks would go through. ---------- Time is up. I hate to burst your bubble, but there is no Santa Claus, the tooth fairy does not exist and American justice does not involve the courts. 2012-02-05 15:24:29 Permalink
Pj Posts: 1238 Incept: 2009-12-07 Putnam County, New York	Quote: Curious to see how our bond market reacts... This will drive even more money into US Treasuries. After all, it can't happen here, right? It can't, until it does. But no one on Wall Street and in the world's various different funds are talking like that....yet. ---------- When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for most was freedom from responsibility, then Athens ceased to be free and was never free again.” Edward Gibbon Last modified: 2012-02-05 15:46:28 by pj 2012-02-05 15:46:08 Permalink
Nanna Posts: 5691 Incept: 2008-01-20 NY State	Heh, they're just a small step away from agreement - that step would be agreeing. ---------- "There are fluctuations in the market that don't mean anything."Ira Gluskin, February 14, 2012 2012-02-05 15:59:36 Permalink
Tbear Posts: 3587 Incept: 2007-10-30 Tug Hill Banned	Did anyone ever seriously think this was headed anywhere other than to an impasse? Read "Boomerang." You'll get a quick synopsis of why Greece, Ireland, Italy and Portugal will never make it to the alter of debt reduction without a default...in the REAL sense. 2012-02-05 16:10:49 Permalink
Crossthread Posts: 4619 Incept: 2007-09-04 Wilmington, NC	Quote: Greece remains at the forefront of the euro zone crisis as the government struggles for agreement on fiscal reforms that would be accepted by political leaders and private bondholders as it tries to avoid a disorderly default. Talks on a bond swap and 130 billion euros in bailout funds have been continuing for weeks before a March deadline when 14.5 billion euros of bonds come due. Hopes that a deal was on the horizon dissipated on Friday as euro zone finance ministers delayed a meeting scheduled for Monday. there is always the chance in brinkmanship -- which is what is being played here — that you have a dangerous outcome if the pieces don't come together," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont. "They have until March 19. They are going to keep pushing this thing until everybody gets the best deal they can out of it or they decide not to move forward and let Greece go. It's always a possibility at the end of the game." more @ link--> http://www.msnbc.msn.com/id/46271777/ns/.... ---------- “Cognitive Co-Dependency” is when a normal rational person, internalizes irrational illogical presentations, and somehow reconciles them to fit their scripted indoctrination of logical analysis. Quote: Samuel L. Clemens:There is NO Native Criminal Class; EXCEPT for CONgress 2012-02-05 17:02:50 Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	Anyone who doesn't think this results in a green market tomorrow has not been watching the markets lately. 2012-02-05 17:04:14 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	or perhaps the huge ramp was to cushion the collapse? ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-05 17:05:14 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	Euro down a whole 30 pips? ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-05 17:06:19 Permalink
Widgeon Posts: 13481 Incept: 2007-08-30 Region formerly known as the United States	Quote: Anyone who doesn't think this results in a green market tomorrow has not been watching the markets lately This. 2012-02-05 17:17:12 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	Euro down 40 now ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-05 17:29:40 Permalink
Mayorquimby Posts: 13916 Incept: 2008-09-18 The Archaic Past	Framework for deal reached? http://www.businessweek.com/news/2012-02.... ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-05 18:38:54 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	Euro say no??? ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-05 18:41:46 Permalink
Jata1 Posts: 5136 Incept: 2009-03-08	They've reached agreement on everything except an agreement 2012-02-05 19:07:02 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	Big pop in Asia..seems to be fading but who knows, CNBC Asia saying the greek deal is more or less done... ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-05 19:20:55 Permalink
Jazen Posts: 3419 Incept: 2007-07-17 ****cago	I heard on Bloomberg Asia last night they said they reached an agreement on what they NEED to agree upon! Can't make this **** up really. ---------- I hate our Government, but I still love America. 2012-02-06 08:20:16 Permalink
Schwantz Posts: 5849 Incept: 2007-11-12 Toronto	Collective retoactive voluntary provisions will be added to all sovereigns, which will invalidate any CDS payouts (because all haircuts on all positions will be deemed voluntary). This will cause rate pressues everywhere, starting with smaller endebted nations and migrating to the majors. We must all balance our books NOW. ---------- When the system is corrupt absolutely you must seek representation by those who are absolutely incorruptible. 2012-02-06 11:30:49 From PDA Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	Where is the Boom, oops. 2012-02-06 13:37:07 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	it's coming tomorrow when the strikers burn Athens to the ground ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-06 13:41:48 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	French President Sarkozy says he and German chancellor Merkel are working to avoid Greek default EU's Van Rompuy says can't promise Greece solution Greek EU Commissioner says ECB has to act as lender of last resort Greek EU Commissioner says companies, banks and law firms examining Greek Euro exit, although Greek Euro exit will make crisis worse Greek EU Commissioner says idea of budget commissioner for Greece is 'absurd' Sounds bullish to me! ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher Last modified: 2012-02-06 13:56:36 by jubber 2012-02-06 13:55:14 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Quote: “No, there is no deadline,” an anonymous Greek politician said. But EU officials in Brussels insisted that the deadline had passed. “We have gone beyond the deadline already,” European Commission spokesman Amadeu Altafaj said in a news briefing. http://www.cnbc.com/id/46280983 2012-02-06 17:15:48 Permalink
Nanna Posts: 5691 Incept: 2008-01-20 NY State	Quote: “No, there is no deadline,” an anonymous Greek politician said. I almost choked on my toothbrush this morning, when I heard that on CNBC. ---------- "There are fluctuations in the market that don't mean anything."Ira Gluskin, February 14, 2012 2012-02-06 17:28:50 Permalink

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