Greece should be forced to give back land to Italy and Bulgaria, then kicked out of the Eurozone.
Greece demanding 382 billion from Germany for WWII
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My wife's uncle was killed in WWII (fighter pilot) can she sue Germany?
The guy is buddying up to Putin.
Originally Posted By: Andy636
Originally Posted By: Mr Nice
How will this Greece crisis affect the USA and our economy / stock market ?
Pretty simple...the euro will dive even faster compared to the USD and since the euro holds the most percentages in cross currency trading when it comes to the USD, that will make the greenback stronger on all fronts.
With a strong dollar the US exports will go down the drain...why do you think Yellen keeps pushing the rate hike?
Rate hike will lead to stronger dollar and that will lead to even lower exports. Yellen out of her mind?
Originally Posted By: Mr Nice
How will this Greece crisis affect the USA and our economy / stock market ?
Pretty simple...the euro will dive even faster compared to the USD and since the euro holds the most percentages in cross currency trading when it comes to the USD, that will make the greenback stronger on all fronts.
With a strong dollar the US exports will go down the drain...why do you think Yellen keeps pushing the rate hike?
Rate hike will lead to stronger dollar and that will lead to even lower exports. Yellen out of her mind?
Originally Posted By: hattaresguy
They have no intention of paying off their debt. Greece needs to be removed from the EU and put back on their own currency so they can inflate it to worthlessness.
I don't know why Germany puts up with this nonsense.
Greece's economy is based on the government giving out jobs, they are broke and don't want to work. Nothing will change that.
Leaving € is the way out for Greece but that is not good for creditors.
They have no intention of paying off their debt. Greece needs to be removed from the EU and put back on their own currency so they can inflate it to worthlessness.
I don't know why Germany puts up with this nonsense.
Greece's economy is based on the government giving out jobs, they are broke and don't want to work. Nothing will change that.
Leaving € is the way out for Greece but that is not good for creditors.
Too many of their industrious & hard working, left. The remaining are perhaps too used to something for nothing?
Too much corruption in all levels of Government, too much sport taken in evasion of income taxes, too little industry.
Germans have money, they travel. If Greece is so stupid to make even more Germans leery of visiting...let them suffer the consequences.
Too much corruption in all levels of Government, too much sport taken in evasion of income taxes, too little industry.
Germans have money, they travel. If Greece is so stupid to make even more Germans leery of visiting...let them suffer the consequences.
Originally Posted By: hattaresguy
I don't know why Germany puts up with this nonsense.
Because they are pretty much running the show of the entire EU economy wise, and as a result got near free money by the boatload.
Banks have to hold investment grade sovereign debt in the currency, and German debt is pretty much the only investment grade sovereign debt in the EU. This means they can borrow a lot of near free money for their own (think 1.5% APR 30 year fixed mortgage).
Breaking up of EU means banks in the EU have to watch out for collapse of the currency as well, and that means switching to US treasury notes and throwing German debt on the market, and huge rise in their rate.
Germans aren't stupid, they are bailing out Greece to bail out their own banks.
I don't know why Germany puts up with this nonsense.
Because they are pretty much running the show of the entire EU economy wise, and as a result got near free money by the boatload.
Banks have to hold investment grade sovereign debt in the currency, and German debt is pretty much the only investment grade sovereign debt in the EU. This means they can borrow a lot of near free money for their own (think 1.5% APR 30 year fixed mortgage).
Breaking up of EU means banks in the EU have to watch out for collapse of the currency as well, and that means switching to US treasury notes and throwing German debt on the market, and huge rise in their rate.
Germans aren't stupid, they are bailing out Greece to bail out their own banks.
True, but you can't keep a currency block together forever unless all the countries submit to a single monetary policy.
You can't have solid economies like Germany using the same currency as Greece or the Ukraine for that matter, countries that should have significant inflation in order to cover for poor monetary policy.
Interestingly Swiss bonds are paying negative interest rates.
http://www.wsj.com/articles/switzerland-first-with-10-year-bond-at-negative-yield-1428489209
You can't have solid economies like Germany using the same currency as Greece or the Ukraine for that matter, countries that should have significant inflation in order to cover for poor monetary policy.
Interestingly Swiss bonds are paying negative interest rates.
http://www.wsj.com/articles/switzerland-first-with-10-year-bond-at-negative-yield-1428489209
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Fact is that many ordinary Germans want OUT of the EU and the euro
currency. Most other European nations people (if not the officials) want to do away with it. It's been nothing but trouble.
currency. Most other European nations people (if not the officials) want to do away with it. It's been nothing but trouble.
Originally Posted By: stockrex
The vaterland is still paying billions to Israel every year, why not a few more to the Greeks?
Extortion money that never ends. LOL
The vaterland is still paying billions to Israel every year, why not a few more to the Greeks?
Extortion money that never ends. LOL
Originally Posted By: stockrex
The vaterland is still paying billions to Israel every year, why not a few more to the Greeks?
Incorrect. Most of the payments ended in 1963. Some claims were paid later to Israeles to immigrated to the U.S. after WWII
The vaterland is still paying billions to Israel every year, why not a few more to the Greeks?
Incorrect. Most of the payments ended in 1963. Some claims were paid later to Israeles to immigrated to the U.S. after WWII
I've never thought the € was a good idea as your country doesn't want to be associated with a 'loser' country.
There is no amount of money that can revive Greece. $382 billion would be like putting a band aid on a severed limb, at some point you're still going to bleed to death. Socialism is at the core of Greece's financial woes and the voters have doomed themselves with it. Socialism and the parallel of high tax burden on both business and the individual, takes away any desire to be productive. The world needs to learn from these entitled fools.
OVERKILL, I love your last comment about Angela. Also, thank you for the laugh, it made my day much better
OVERKILL
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Originally Posted By: car51
OVERKILL, I love your last comment about Angela. Also, thank you for the laugh, it made my day much better
No problem
OVERKILL, I love your last comment about Angela. Also, thank you for the laugh, it made my day much better
No problem
The Greeks don't manufacture anything. They're now the model of a welfare state. They were told in recent elections that if they liked their welfare they could keep their welfare. They looked at China buying up American debt and said we want to be great just like America so after some looking around they found Germany. At least they did not have to spend a lot of time legislating business out of business and creating an incomprehensible bureaucracy with absolute power. The Greeks were able to hit the bottom running.
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