View Poll Results: Will Greece default?

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  • Yes, Greece will default on its international debt payments.

    14 60.87%
  • No, Greece will not default on its international debt payments.

    9 39.13%
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Thread: Will Greece default?

  1. #11
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    Re: Will Greece default?

    This Greece business has been one hell of a circus.

    I mean, the goddamn Nazis were pulled into this.

    Doesn't help they let some socialist clown take top spot and have fascist, far right morons parading about.

    Either could happen.
    "We have more responsibility than power, I think. The newspaper can create great controversies, stir up arguments within the community or discussion, can throw light on injustices....just as it can do the opposite. It can hide things and be a great power for evil." -- Rupert Murdoch, 1968

  2. #12
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    Re: Will Greece default?

    My response concerns the payment that is due to the IMF on June 5. I don't expect Greece to default on that payment. It would have far too much to lose e.g., almost certain end of ECB support for its banking system, to default.

  3. #13
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    Re: Will Greece default?

    If they can't make the payment, someone will bail them out. I hope it doesn't have to be us.
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  4. #14
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    Re: Will Greece default?

    Quote Originally Posted by d0gbreath View Post
    If they can't make the payment, someone will bail them out. I hope it doesn't have to be us.
    Correct. There's no way Greece defaults, that's all bluster and bravado.

    In fact, I've bet heavily on the Euro, buying European stocks and currency which right now is selling at an insane bargain. Once Greece makes a deal with the EU and international confidence restored, the Euro will strengthen and I will make a killing.

  5. #15
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    Re: Will Greece default?

    Quote Originally Posted by LeoVlaming View Post
    This might not be the first time that this question is put here, but it seems to be finally coming to crunch time.

    Simple question: Will Greece default on its international debt patments or not? This is seperate from the question whether Greece will leave the Euro.
    Yes they will default.They basically elected a leader that said screw you to those they owe money to.This is the reason why don't loan other countries money,
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  6. #16
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    Re: Will Greece default?

    Quote Originally Posted by Peter Grimm View Post
    Correct. There's no way Greece defaults, that's all bluster and bravado.

    In fact, I've bet heavily on the Euro, buying European stocks and currency which right now is selling at an insane bargain. Once Greece makes a deal with the EU and international confidence restored, the Euro will strengthen and I will make a killing.
    International confidence in what?

    If you are talking about international confidence in Greece and the Greek economy, that will take decades - at least.
    If you are talking abot the Euro, then I would argue that international confidence in the Euro will be heightened by a Greek default and exit.

  7. #17
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    Re: Will Greece default?

    They can't afford to pay what they owe, but I suspect that financial help will keep coming in different ways to prevent that looking like a default. I hadn't factored in the worry about increased Russian influence in Greece if it were cut loose from the Eurozone. If that's a worry taken seriously in the EU, then this will take precedence.

    I suspect that Germany and other eurozone nations will force Greece to let them intervene more in its economic affairs to make the structural changes to the economy necessary for longer-term stability. The worry for me is that this will be a back door to greater political integration in the EU, as part of the "ever closer union" pipe-dream.

  8. #18
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    Re: Will Greece default?

    Quote Originally Posted by Anglo-scot View Post
    They can't afford to pay what they owe, but I suspect that financial help will keep coming in different ways to prevent that looking like a default. I hadn't factored in the worry about increased Russian influence in Greece if it were cut loose from the Eurozone. If that's a worry taken seriously in the EU, then this will take precedence.

    I suspect that Germany and other eurozone nations will force Greece to let them intervene more in its economic affairs to make the structural changes to the economy necessary for longer-term stability. The worry for me is that this will be a back door to greater political integration in the EU, as part of the "ever closer union" pipe-dream.

    Greece has run a positive structural balance for the better part of 18 months.
    What are you talking about?

  9. #19
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    Re: Will Greece default?

    Quote Originally Posted by Fenton View Post
    Well, they really have no one to blame but themselves for all of this.

    To add insult to injury they elected some Socialist clown who's first order of Bussiness was to gin up some German war crime narrative.

    It was Greece's attempt to scam their way out of paying their creditors and it was a exceptionally low life thing to do.

    LOL @ calling anyone a clown when you have this "who's" on record.

    they didn't invent any narrative; the truth is Germany has one of the largest debt defaults in history on their record.

  10. #20
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    Re: Will Greece default?

    Quote Originally Posted by SlevinKelevra View Post
    Greece has run a positive structural balance for the better part of 18 months.
    What are you talking about?
    Excuse me, I am not sure of the exact meaning of "structural balance". Please explain. Are you disagreeing with anyone who says Greece will default or did I make a more specific point you disagree with?

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