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BelgianMadCow

(5,379 posts)

6. the negotations on the debt deal have been ongoing "near to fruition" for ages

Reply to denem (Reply #4)

Sun Feb 12, 2012, 07:57 PM

Feb 2012

and now they were included in the vote. That achieves two things:
if Greece said no to the package, thereby choosing default, the private creditors can reverse the ALREAZDY AGREED loss, and
if they say no, they don't just loose 130 billion, but also 100 billion form that"haircut".

Real smart, the troika (=TPTB) and international banking IIF (who was dealing with the haircut). And the timing, an accident? Hmm.

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Highlight:

'Memorandum Macht Frei'. Greece loves The EU/ECB/IMF Fiscal Solution. [View all] denem Feb 2012 OP

wow Nazi images associated with Angela Merkel..... steve2470 Feb 2012 #1

Tabloid Newspaper, February 10, 2012 denem Feb 2012 #2

Greece isn't a european problem. The IMF is not an EU institution BelgianMadCow Feb 2012 #3

The IMF is providing part of the bailout funds IF denem Feb 2012 #4

the negotations on the debt deal have been ongoing "near to fruition" for ages BelgianMadCow Feb 2012 #6

a greek default is happening in any scenario. it is a question of how much and what fiscal changes. unblock Feb 2012 #5

The problem with Greece is that it is essentially a third world economy that was WCGreen Feb 2012 #7

"why Goldman Sachs was able to snooker people into investing in Greek bonds" BelgianMadCow Feb 2012 #8

Plundering the colony.... WCGreen Feb 2012 #9

part of an earlier (!) bailout package for the Greek was a 50 billion dollar privatisation BelgianMadCow Feb 2012 #10