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Posted on 06/28/2015 10:10:25 AM PDT by tcrlaf
Greece banks to stay closed on Monday, Piraeus Bank chief says, after emergency meeting in Athens
This breaking news story is being updated and more details will be published shortly
(Excerpt) Read more at bbc.com ...
I believe that Soros is from Hungary.
I doubt the contagion will spread. For two reasons: 1) European banks since 2011 have substantially bolstered their liquid asset reserves just for this contingency and 2) Spain, Italy and France have the agricultural and industrial base to produce their way out of a financial crisis.
Yes, no big problem unless the contagion spreads to Spain, Italy,France. Then it would be a big problem for Germany and many other countries.
Let’s hope you are right......
Remember, Italian, Spanish and French agricultural exports are highly desired around the world, and all three countries make industrial goods wanted by many countries around the world, too. After all, the Airbus Group sells a lot of airliners, and they source parts from France, Italy, Spain, Germany, UK, etc.
Germany and France have fought three great wars to build a United Europe, they will not give it up
Nikkei 20,210.38 -495.77 -2.39%
DOW futures are down about 250 right now.
Ping me to join the Surviving Socialism Ping List
Not unlikely since Tsipras is a communist. The Russkies and Chicoms can have the lazy, worthless Greeks. They don't produce anything and expect stronger countries like Germany to feel so guilty about WWII that they'll continue to fund their cradle to grave welfare state. You guy are blaming the banks and the eeevil EU, but fact is the Greeks should never have been let into the club to begin with because they never actually met the standards for it. And since that time, the Greeks have done nothing but rack up as many debts as possible, not to invest in their economies, but to bribe the voters who were all too willing to vote themselves early retirements at the age of fifty.
“You can’t run a country that promises everyone a minimum standard of living and government pensions for all while no one pays taxes.”
Somebody better make sure Obama understands that! /s;)
What am I missing?
TWITTER:
Athens we have been told that Atms will work after 1200 midday. And they will only dispense 60EU ($66USD) at a time
The probability of Greece defaulting isn’t coming as a surprise. This isn’t like the collapse of the housing bubble which far too many financial houses never saw coming.
Lenders with exposure to Greece have had a long time to prepare for it. And Greece isn’t exactly a major economy. It will have some impact but nothing approaching the housing bubble.
Honestly, Greece has bred a culture of laziness and subversion of payment of legitimate taxes. This is the real problem. Socialist policies do this.
How can you be off so much in two successive posts for such simple math? Your earlier post was bay an order of magnitude and this one is just bad subtraction (actually, both appear to have that as the root cause)?
Did you graduate from 0bama-school?
Great time to visit Europe.
Leftist socialist Greece is defying an even bigger leftist socialist entity called the European Union right now. At least someone is resisting like prisoners in Stalin’s Gulag including loyal Communists that were shipped there in purges.
The world government system being built imposes on everyone without distinction as to whether they are liberal, conservative or somewhere in the middle and it is wrong for its impositions from open borders for Amnesty to Gay Marriage without First Amendment protections for religious objectors........
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