Comment #4002194 deleted
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 re: Greece will default within 4 weeks. en>fr fr>en
By jeanv  Comments: 21373, member since Sun Sep 11, 2005On Tue Nov 01, 2011 09:47 AM
NOZZLE wrote:
Where is the evidence of this modification?
Or, evidence of payment by the Greeks?
NOZZLE, honestly, there is something called 'heroic therapy'.
Your bet is dead, admit its demise, your suffering will be shortened.
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 re: Greece will default within 4 weeks. (karma: 1)
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By Lord_Haw_Haw Comments: 12229, member since Sun Mar 07, 2010On Tue Nov 01, 2011 09:48 AM
Global_Village wrote:
Its simple... either Papandreou changes (again) his mind on the referendum and set Greece on fire or he sticks to it and the EC is finished, not to mention all the banks! But that's the cherry on top of the cake! 
ps: there is no such thing as "surprise" in the political and financial world...
If Greek Politicians do the right thing by their people, the rest of the PIIGS with be enboldened |
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 re: Greece will default within 4 weeks. en>fr fr>en
By SevenSeventeen Comments: 15148, member since Tue Apr 22, 2003On Tue Nov 01, 2011 12:48 PM
Looks like Pappy just voted himself off the island. No way the Socialists win a referendum now. He's committing political suicide as he knows Greece will never take another 8 years of contraction.
Worst part is it isn't until January which will keep the markets basicially locked up until than - they probably default in the meantime. |
re: Greece will default within 4 weeks. (karma: 1)
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By trainer Comments: 6106, member since Tue Mar 29, 2005On Wed Jan 18, 2012 12:42 PM
Yep, Way past Time to Pay UP
Three hours ago... www.cfr.org . . .
Political leaders and market actors alike are increasingly concerned about an involuntary or disorderly Greek default. These fears have risen in the wake of Athens' inability to reach an agreement with private creditors over the debt haircut, and mounting evidence that Prime Minister Lucas Papademos has failed to implement promised structural economic changes. In such an instance--which could occur as soon as March if the troika decides to withhold the next tranche of bailout funds--Greece would lack the resources to meet its debt obligations and simply stop paying its creditors, potentially devastating Europe's financial institutions. A disorderly default would not only threaten to unravel the single currency union, but "could unleash violent market reactions" (NYT) throughout the global economy, spurring a new world recession.
Quit the bull and Pay up! |
 re: Greece will default within 4 weeks. en>fr fr>en
By Nappybonesapart Comments: 18389, member since Fri Aug 27, 2004On Wed Jan 18, 2012 03:09 PM
the mods are yet to resolve the NZ france rugby final thread by Antirician, i believe
Holdings for 'France vs New Zealand RUGBY world cup 2011 Final'
France
ollliver 100
Antiricain 1000
With_Attitude 200
Fredmasse 300
new Zealand
mamud 150
Chimere 150
francois 118
jeanv 582
Nappybonesapart 17966
Helllo! Kiwi won |
 re: Greece will default within 4 weeks. en>fr fr>en
By NOZZLE Comments: 15132, member since Mon Mar 07, 2005On Wed Jan 18, 2012 03:19 PM
Let me know when you have some real proof that the greeks actually paid the greek government bonds that became due in the time frame set forth by Willy. |
re: Greece will default within 4 weeks. en>fr fr>en
By trainer Comments: 6106, member since Tue Mar 29, 2005On Wed Jan 18, 2012 03:52 PM
Die Welt reports that 2 billion euros of interest payments to Greek bondholders are due in September; 3.65 billion euros in October and 3.3 billion in November. In December, 10 billion euros are due to be paid to fractional reserve banks.
But the Greek government only generates a monthly revenue from taxes and other income of 3.75 billion euros, leaving it short.
Greece says it has enough cash to cover pension and salaries until the middle of October and is waiting for the next „installment“ of eurozone tax payer money to continue to make interest payments of 19 billion euros to creditors and also keep some of the functions of a state going by paying salaries and pensions.
Greece got their installment and paid Sept, Oct, and Nov.
Pay UP. |
re: Greece will default within 4 weeks. en>fr fr>en
By trainer Comments: 6106, member since Tue Mar 29, 2005On Thu Jan 19, 2012 09:02 AM
Meet the bankers who decide whether Greece has defaulted
Posted By David Bosco Monday, October 24, 2011 - 4:14 PM Share
bosco.foreignpolicy.com . . .
At Germany's insistence, any new European rescue plan will likely involve stiff losses for private holders of Greek debt, perhaps as much as 60 percent. Greece is insisting that any such "haircut" for bondholders be voluntary, but many see the losses as little more than a dressed-up default. And that in turn is turning the spotlight on an obscure committee of a little-known industry association whose job it is to determine whether countries have actually defaulted on their debt.
4 Weeks ended October 19th
On Oct 24th the banking committee tasked with identifying whether or not Greece had defaulted HAD NOT CALLED A DEFAULT.
Pay Up |
re: Greece will default within 4 weeks. en>fr fr>en
By trainer Comments: 6106, member since Tue Mar 29, 2005On Wed Jan 25, 2012 05:28 PM
By REUTERS
January 24, 2012
Standard & Poor's will likely downgrade Greece's ratings to "selective default" when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.
"It's not a given that Greece's default would have a domino effect in the euro zone," John Chambers, the chairman of S&P's sovereign rating committee, said in an event organized by Blooomberg Link.
Read the original: thefiscaltimes.com . . .[/q[
Pay Up. |
re: Greece will default within 4 weeks. (karma: 3)
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By TexanForever Comments: 21021, member since Thu Jun 10, 2004On Sat Apr 07, 2012 10:41 PM
.
The Greek god Zeus was flying over a Greek island and saw a naked woman washing herself, so he swooped down and made love to her.
Then he said, "In 9 months you shall have a child and you shall call him Hercules!"
The woman replied, "In 9 days you shall have a rash and you shall call it Herpes."
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re: Greece will default within 4 weeks. (karma: 1)
en>fr fr>en
By NOZZLE Comments: 15132, member since Mon Mar 07, 2005On Sat Apr 07, 2012 11:37 PM
Edited by NOZZLE (76406) on 2012-04-07 23:51:45
They never paid off at 100% or on time, its a default and it happened a long time ago.
Based on the riots that took place on Wednesday, thur and friday its just a matter of time before the egg lemon soup boils over and mass riots start as people start having to forage thru garbage for survival while the select few keep getting richer. |
re: Greece will default within 4 weeks. en>fr fr>en
By jeanv Comments: 21373, member since Sun Sep 11, 2005On Sun Apr 08, 2012 12:03 AM
NOZZLE wrote:
They never paid off at 100% or on time, its a default and it happened a long time ago.
Sorry, NOZZLE, but you're being totally disingenuous.
At no point in 2011 have the rating agencies rated Greece as in being in default.
And the game ended in October 2011.
In 2012 ONLY have the agencies rated the haircut as partial default.
The fact Greece hadn't paid all it's debt on time in 2011 is NOT qualified as a default.
Same goes for you if you pay some bills late, you are not called into personal bankruptcy.
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re: Greece will default within 4 weeks. en>fr fr>en
By NOZZLE Comments: 15132, member since Mon Mar 07, 2005On Sun Apr 08, 2012 12:12 AM
jeanv wrote:
NOZZLE wrote:
They never paid off at 100% or on time, its a default and it happened a long time ago.
Sorry, NOZZLE, but you're being totally disingenuous.
At no point in 2011 have the rating agencies rated Greece as in being in default.
Did Greece pay the interest and principal when due on the bonds that were to mature during the relevant time period?
Yes or no, and if you say yes, provide a link to your proof instead of the links you are feeding us. |
re: Greece will default within 4 weeks. en>fr fr>en
By jeanv Comments: 21373, member since Sun Sep 11, 2005On Sun Apr 08, 2012 12:30 AM
NOZZLE wrote:
Did Greece pay the interest and principal when due on the bonds that were to mature during the relevant time period?
Yes or no, and if you say yes, provide a link to your proof instead of the links you are feeding us.
you're being disingenuous again, NOZZLE.
You're asking me to prove that something (Greece default) doesn't exist.
It's a classical fallacy to try to prove that something does not exist if you want to believe in it.
I can't prove to you that dragons don't exist. Or elves. Or God. Or Greece default in 2011.
All I can say is that NOT ONE of the rating agencies rated Greece as in default in 2011 (as proved by my article copy at that time).
Now if you want to believe Greece was in default in 2011, I can't stop you.
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