Ex-IMF Chief Strauss Kahn: Greece Unable To Pay Debt, Loss Unavoidable

The Wall Street Journal ^ | 9/18/11 | Inti Landauro

[marshmallow]

PARIS (Dow Jones)--The former International Monetary Fund's Managing Director, Dominique Strauss Kahn, Sunday said Greece is unable to pay its debt and its creditors will have to take losses on the debt they hold.

"Greece got poorer, we can say Greeks will pay on their own, but they can't," Strauss Kahn said in an interview on French TV channel TF1. "There is a loss and it must be taken by governments and banks," he said.

[Da Coyote]

Our turn is coming.

And I hope that those responsible don’t get justice. That’s an inoperative word in our liberal world.

I hope that they get what’s coming to them. And I hope I’m there to watch.

[HiTech RedNeck]

i guess he ought to know about scr-wing, but now it’s the greeks doing it to his fund.

[randita]

If Greece defaults, it will place some European banks in deep trouble. They’ll be begging us for bailouts and they’ll probably get them.

[Mariner]

Within 3 years we will see Central Bankers and Politicians hanging from lamp posts...on several continents.

[Vendome]

Wow.

Can’t wait to see what the markets have to say in the morning.

I’m gonna check on Asia....

[Vendome]

ROTFLMAO!!!!

 

havent' got around to checking Asia but this was the first thing I saw:

 

Obama to propose $1.5 trillion in new tax revenue

 

[Lurker]

Within 3 years we will see Central Bankers and Politicians hanging from lamp posts...on several continents.

I really hope I still have access to YouTube then.

[WVKayaker]

See After-Hours Trading Data as of Sep 16
Friday’s Close:
Dow+75.91

11,509.09 +0.66%Nasdaq+15.24

2,622.31 +0.58%S&P+6.9

1,216.01 +0.57%

U.S. Stock Futures

S&P -19.90 / -1.64%
Level 1,191.90
Fair Value 1,209.83
Difference -17.93
Data as of 10:55pm ET

Nasdaq -30.75 / -1.33%
Level 2,276.50
Fair Value 2,301.21
Difference -24.71
Data as of 6:24pm ET

Dow -153.00 / -1.34%
Level 11,293.00
Data

[Vendome]

Here is News on Asian Stocks.

Too Bad, Sad.

Down.

http://www.google.com/#hl=en&sugexp=gsis,i18n%3Dtrue&cp=20&gs_id=2j&xhr=t&q=international+stocks&qe=aW50ZXJuYXRpb25hbCBzdG9ja3M&qesig=Yu44usNaT0_cZI0ql2KlnQ&pkc=AFgZ2tk1oMMJYusxK9viVvqg0C8rAGIgHG8MdoOUPxMuXKl_3efpa0f27ePlNDc6XCPuj-ALVyNIaTGQs8CQUz9xcQq959Xfbw&safe=off&gs_sm=&gs_upl=&um=1&ie=UTF-8&tbo=u&tbm=nws&source=og&sa=N&tab=wn&bav=on.2,or.r_gc.r_pw.&fp=b469b29e8e7e4a4f&biw=1440&bih=772

[Vendome]

Yep.

That’ll change tomorrow.

DSK may be out but his opinions are still influential, just without the weight of the office.

[PieterCasparzen]

Perhaps he’s been reading FR.