bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Given I live and do business in the real world like @The Equaliser I think I do understand it and the fact we won't be recruiting people as planned for new UK jobs.
Well in Farage.
Well in....
Greek Financial Crisis
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Given I live and do business in the real world like @The Equaliser I think I do understand it and the fact we won't be recruiting people as planned for new UK jobs.
Well in Farage.
Well in....
rascal
Player Valuation: £60m
Of more pressing concern right now is 2.7 trillion being wiped off the shanghai stock market in just three weeks. That's equivalent to 11 years of Greek economic output.
There is another crisis afoot. Let's see how the Tories package this one, I somehow doubt that they'll be blaming the government of the day this time around...
There is another crisis afoot. Let's see how the Tories package this one, I somehow doubt that they'll be blaming the government of the day this time around...
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
I think you mean 'your world'. In the real world the Greeks are getting shafted by the terms of lending conditions imposed by the Troika.
Even though, there is no provision/treaty/agreement within the ESM for European countries to borrow from the ECB or the IMF. That ceased to be the case when the EU brought in the ESM. All lending is to be financed by those in the Eurozone and not other institutes.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
No mate. REAL world.
Meanwhile, in the REAL world the EU are breaking their own lending treaties/agreement/provisions under the terms of the ESM.
"A permanent rescue mechanism, the European Stability Mechanism (ESM) started its operations on 8 October 2012. The ESM is currently the sole mechanism for responding to new requests for financial assistance by euro area Member States. It has provided loans to Spain and Cyprus". And lending is funded by those in the Eurozone.
Unfortunately, in the real world people are suffering and the Greeks decided enough is enough.
Now, who was it that said 'all signed treaties are sacrosanct?
davek
Player Valuation: £150m
*shrugs...smashes some plates*
orchard
Player Valuation: £60m
Additionally, Soros made his billions because he understood that economic theory and financial markets fail to map out reality.
rascal
Player Valuation: £60m
Well that's me reassured thanks for that.
magicjuan
Player Valuation: £60m
Perhaps so, but for completely different reasons. Or, are you trying to paint me/us as right wing swivel eyed loons?
could you offer up other examples of my similarities to a neo fascist Thatcherite kinder? In your own time of course...
davek
Player Valuation: £150m
The money taps would now be in the process of being turned back on if the vote would have been Yes and Syriza had fallen. As it is, the ECB will be forced kicking and screaming to negotiations about turning the tap back on now by other creditors and actors outside the drama like the US.
Their coup d'etat has been defeated.
"View from the trading room floor
“The Greek bloke’s resigned. He’s run rings round ‘em.”
That was how one IG trader was overheard explaining the news of the resignation of Greek finance minister Yanis Varoufakis following Sunday’s referendum, as he chatted on the phone in early trading this morning, writes Simon Goodley.
To say the City is surprised by the news coming out of Greece is an understatement. Like eurozone officials it had expected that last week’s trailer of capital controls would be enough to get the country to vote yes, and IG priced a yes vote as a 60% chance last week.
So what now? Chris Beauchamp, senior market analyst at IG, said: “[German stock market] the Dax has opened down but is surging back - much like it did last Monday and much like the euro is doing. It is coming back on Varoufakis’s resignation - possibly more hope than expectation, but if you take out the most irritating man in the room then you might get a more reasonable response from Germany and France”.
“The Greek bloke’s resigned. He’s run rings round ‘em.”
That was how one IG trader was overheard explaining the news of the resignation of Greek finance minister Yanis Varoufakis following Sunday’s referendum, as he chatted on the phone in early trading this morning, writes Simon Goodley.
To say the City is surprised by the news coming out of Greece is an understatement. Like eurozone officials it had expected that last week’s trailer of capital controls would be enough to get the country to vote yes, and IG priced a yes vote as a 60% chance last week.
So what now? Chris Beauchamp, senior market analyst at IG, said: “[German stock market] the Dax has opened down but is surging back - much like it did last Monday and much like the euro is doing. It is coming back on Varoufakis’s resignation - possibly more hope than expectation, but if you take out the most irritating man in the room then you might get a more reasonable response from Germany and France”.
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