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dipsydoodle

(42,239 posts)

2. That may well be some are hoping they will do.

Reply to Vincardog (Reply #1)

Sat Jul 14, 2012, 05:59 PM

Jul 2012

The effect would be that would trigger all the CDS's other than EU loans / bailouts which are not necessarily covered by those, lead to the privatisation their state utilities etc which are secured in law against such event, take them out of the Euro and back to the Drachma and let them get on with it. Its is estimated that will take at least 20 years to sort themselves out.

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Most Greeks want new government to renegotiate bailout: poll [View all] dipsydoodle Jul 2012 OP

Instead of negotiating more debt at higher interest rates the Greek People Vincardog Jul 2012 #1

That may well be some are hoping they will do. dipsydoodle Jul 2012 #2

It may be estimated to take 20 years, that is as opposed as getting deeper into a Vincardog Jul 2012 #3

I guess self imposed austerity is easier on the self esteem hack89 Jul 2012 #5

I think the Greek People should be waiting for the Bankster Gangsters to take their losses first. Vincardog Jul 2012 #6

The banks have already agreed to a 75% haircut - it is part of the bailout. hack89 Jul 2012 #7

Please post a link proving the 75% haircut for the Bankers. Vincardog Jul 2012 #9

Here you go hack89 Jul 2012 #11

I wonder what they PAID for those bonds. You know it was not FACE value. Vincardog Jul 2012 #16

Instead of asking me, why don't you do some research? nt hack89 Jul 2012 #17

I didn't say they agreed to take a 75% haircut. That implied they ere willing to suffer some pain Vincardog Jul 2012 #19

I have a feel that part of that discounting issue dipsydoodle Jul 2012 #14

The losses might not be what you would think dipsydoodle Jul 2012 #8

It's the same plan Romney and his Ryan budget has for the USA. xtraxritical Jul 2012 #4

Most Greeks don't want to pay taxes, either. randome Jul 2012 #10

and this just in most local Greek tax collectora prefer to keep their bribes. grantcart Jul 2012 #13

Greeks really want the gravy train to keep going... BT021 Jul 2012 #12

Guess who wasn't on the gravy train? Bragi Jul 2012 #22

that is debateable BT021 Jul 2012 #26

If, by "everybody" you mean the banks and financiers... Cooley Hurd Jul 2012 #27

Greece is your deadbeat brother-in-law who wants to keep borrowing money from you Nye Bevan Jul 2012 #15

Guess which EU people work most hours? Bragi Jul 2012 #23

It doesn't matter how many hours they work. Nye Bevan Jul 2012 #24

Employees are usually taxed at source Bragi Jul 2012 #25

Greeks generally don't like Capitalism/Fascist systems Harmony Blue Jul 2012 #18

The big problem is the number of Greeks circumventing the tax system. Nye Bevan Jul 2012 #20

The real problem with the EU austerity plan Bragi Jul 2012 #21