Euro zone stocks could plummet up to 50 percent if Greece makes a disorderly exit from the euro zone, a research note from Societe Generale said on Friday.

In the note, Claudia Panseri, head of equity strategy at Societe Generale, said the DJ Euro Stoxx 50, an index of leading euro zone shares, could halve if a disorderly Greek exit caused two years of declining profits in the euro zone, plus rising bond yields and equity risk premium.

Panseri said a Greek exit would put France and Germany at risk of contagion as well as peripheral European nations.

“While central bank stabilizing measures are likely to be taken in the event of contagion, with the high correlation among euro zone indices, we believe there would be an increased risk of spillover after a Greek exit from the euro zone,” she said.

According to Panseri, euro zone corporate profits could fall by 20 percent to 30 percent on a Greece exit, due to lower consumption and fiscal tightening in the remaining member countries. Bond yields could widen 100 basis points to 200 basis points.

Here's to the "Hope and Change" being dispensed in euro-idiot land.

You're a stand up guy to help out the euro's as much as you do, VAVD.

I am patiently waiting for the chaos and carnage to start.

...and the Euro is still 25% over its first introduction value against the dollar.

...and French debt/person is 33 000 dollars/person ( See oxoty.com) while US debt per person is 50 200 (See usdebtclock.org) and climbing much faster.

...and we don't kill our kids by numbers when they go at school.

...and we dont need to queue in gymnasiums when we need dental care.

...and our seniors don't sleep in the streets when their pensions are broken when Wall Street is bankrupted.

...and we do not see 10% disgusting obeses trying to walk in the streets.

...and we don't watch insane TV programs enslavering our mind in constant fear of anything.

...and we don't have preachers praying God that you will give them your credit card number.

etc...

...and the Euro is still 25% over its first introduction value against the dollar.

Yea, the Euro is a big success story. One country is expected to leave in June with four more in line at the exit. Lets see what it's par worth is after that. How many Euros will to have to be printed to insure financial solvency after Greece goes bye-bye and defaults on their debt?

...and French debt/person is 33 000 dollars/person ( See oxoty.com) while US debt per person is 50 200 (See usdebtclock.org) and climbing much faster.

Because no bond market would lend France that amount of money. The US is six times bigger than France and has much more promising economic prospects, see above. Since bond markets soon won't play nice inflation is the only alternative.

...and we don't kill our kids by numbers when they go at school.

??????

...and we dont need to queue in gymnasiums when we need dental care.

I waited in a nice dentist office and was seen in 15 minutes for an appointment of my choosing I booked 6 weeks in advance.

...and our seniors don't sleep in the streets when their pensions are broken when Wall Street is bankrupted.

A nonsensical non sequitur! Wall Street isn't bankrupt (BTW France has a lot of visibility in our markets so pray hard, it may be your only salvation) and old people here don't sleep in the street.

...and we do not see 10% disgusting obese trying to walk in the streets.

Given the cost of living in Europe, you'd go broke trying to get fat. The poorest people can be fat in the US.

...and we don't watch insane TV programs enslavering our mind in constant fear of anything.

Except for US satellite TV, the movies we export and the fact many of our pop-culture franchises are popular in Europe.
You'll have plenty to be afraid of in the coming years. It won't have anything to do with entertainment.

...and we don't have preachers praying God that you will give them your credit card number.

You have politicians doing essentially the same thing. TV preachers can be ignored, politicians in power can't be.


I remember a phrase; "worshiper of pain" - that describes the motivation of European Utopianism/Egalitarianism. IE Until everyone is happy, no one can be. Self-damning really. You'll always be missing out, losing opportunities and die trying to achieve a state that can't exist collectively.

IT SEEMS

the Greeks are going down and they want to take everyone with them

fucking mad cunts

the Greeks are going down and they want to take everyone with them

The greeks are looking at frogs n krauts muttering...

Make our day...kick us out.

Meh. What's the worst that could happen?

*snort*

heh

Meh. What's the worst that could happen?

A war that the US gets sucked into. This would be after a domino effect of countries going bankrupt, radicalizing, destabilizing and political maneuvering. It'll be 1914 again.