Greek Financial Crisis

[davek]

Interesting how you are sticking solely to Paul Leftie Mason for your articles.

Not solely, but he is an important counter-weight to the right wing filth pumped out by other British commentators.

 

[The Cowboy]

Not solely, but he is an important counter-weight to the right wing filth pumped out by other British commentators.

Unless an article is a complete fabrication, all interpretation of events are as valid as each other. Just because it does not sit well with your personal opinions and emotions does not make it filth.

 

[davek]

Unless an article is a complete fabrication, all interpretation of events are as valid as each other. Just because it does not sit well with your personal opinions and emotions does not make it filth.

lol

Ok.

 

[hullefc]

Good piece by Paul Mason on the Varoufakis resignation and hints why the market reaction is positive: http://blogs.channel4.com/paul-mason-blog/yanis-varoufakis-economist-play-politics/4081

I think Varoufakis has 'resigned' so as not to give Merkel the 'we can't negotiate with him. He is too intransigent' excuse. He has allowed Merkel to claim some sort of 'victory'. Varoufis is astute enough to know that his resignation would calm the markets, as he was being portrayed as a 'blocking force to a deal'. The resignation has been sufficient to prevent nervous stock exchange investors for running scared and taking a mauling. I think he was wrong to resign.

No wonder Mason left the Tory establishment BBC, whose coverage of the Greek referendum has been anything but impartial.

 

[davek]

I think Varoufakis has 'resigned' so as not to give Merkel the 'we can't negotiate with him. He is too intransigent' excuse. He has allowed Merkel to claim some sort of 'victory'. Varoufis is astute enough to know that his resignation would calm the markets, as he was being portrayed as a 'blocking force to a deal'. The resignation has been sufficient to prevent nervous stock exchange investors for running scared and taking a mauling. I think he was wrong to resign.
No wonder Mason left the Tory establishment BBC, whose coverage of the Greek referendum has been anything but impartial.

That arsehole Duncan Weldon stepped into his shoes in the Newsnight slot. An utter bellend, as he proved during his reporting from Greece this past week. He's gutted at the moment.

The feller kicked off his adulthood as a nazi sympathiser. Nice background checking BBC.

 

[hullefc]

That arsehole Duncan Weldon stepped into his shoes in the Newsnight slot. An utter bellend, as he proved during his reporting from Greece this past week. He's gutted at the moment.

The feller kicked off his adulthood as a nazi sympathiser. Nice background checking BBC.

Weldon is the type the vetting process at the Tory establishment BBC, always allows through the net. Mind, he will be in 'good' company interviewing Nazi uniform wearing Ball and Prince Harry.

Edit. The Tory BBC bias against the SNP during the Scots referendum, was always a warning what type of drivel they would spew against Syriza and the Greek people.

 

[bizzaro]

Not sure why you feel the need to personalise the discussion with your description of those that don't follow your view. Your view and the views of others are equally valid on this forum. Personalising the argument weakens your stance.

Re the impact on your business, did you not consider hedging your Euro exposure earlier this year? The Euro was bound to come under pressure as the Greek situation moved to its conclusion.

What it means is until things stabilise. Recruitment freeze.

 

[The Esk]

What it means is until things stabilise. Recruitment freeze.

60% of your company's revenues are in Euro's, Euro had fallen by 10% v Sterling since January 1. A hedge would have saved your 6% drop in total revenues....

 

[bizzaro]

Hope not livens the place up none of your fence sitting fram damo

Those who cannot take the pace and/or cut and thrust of debate because they are fence sitters

Aren't actually making the place the topical hotbed of debate it is.

 

[orchard]

Buy him out if there's no escape route mapped out by Wiki. Give an employee his job

60% of your company's revenues are in Euro's, Euro had fallen by 10% v Sterling since January 1. A hedge would have saved your 6% drop in total revenues....

 

[rascal]

Very volatile out there a the moment the Japanese markets did something similar last week, wonder whats making it happen?

Good piece on Shanghai here

 

[The Esk]

Good piece on Shanghai here

Interesting article. The amount of leverage across China generally is far beyond what the West considers, not just in the stock market. Official lending figures and quotas for the banks just scratch the surface. There's a huge "grey" market of lending by non banking institutions and then an even bigger market of I guess you would call it peer-to-peer lending at a local level.

Booming economies and growing asset prices have sustained this huge leverage, the problem is that when the economy slows and or asset prices fall then it unwinds very quickly.

 

[orly]

Interesting article. The amount of leverage across China generally is far beyond what the West considers, not just in the stock market. Official lending figures and quotas for the banks just scratch the surface. There's a huge "grey" market of lending by non banking institutions and then an even bigger market of I guess you would call it peer-to-peer lending at a local level.

Booming economies and growing asset prices have sustained this huge leverage, the problem is that when the economy slows and or asset prices fall then it unwinds very quickly.

@the esk you'll have probably seen it yourself over there; vast, vast apartment blocks which 'official figures' put at 60% occupancy when the reality is that it's probably closer to 30% in the major satellite cities.

It's unsustainable and cannot continue, and they are producing a grotesque generation of entitled 18-30 year olds who are in for a brutal retirement

 

[edge]

Good piece on Shanghai here

inserting that ta

 

[Lids1978]

For what its worth I think Greece should a) never have been allowed in this ill conceived badly thought out currency if the first place b) should go back to the drachma in order to regain some sort of self fiscal control and competitiveness.
ECB have screwed up and going around in circles for years won't get anyone anywhere.