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The Place Holdings on its next leg!
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teeth53
Supreme |
06-Jul-2015 07:35
Yells: "don't learn through life, learn to grow with life " |
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The results are rolling...in: http://ekloges.ypes.gr/current/e/public/index.html?lang=en
Date: 06-07-2015. 02:28 Registered 9.750.940 Reporting 99,13 % Voted 62,47 % Invalid/Blank 5,80 % NO, NO vote: 61,33 % YES YES vote: 38,67 % |
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teeth53
Supreme |
03-Jul-2015 08:28
Yells: "don't learn through life, learn to grow with life " |
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Case for Greece: when it forgave Germany's debt - Associated Press. 3 hrs ago
LONDON -- Forgiving debt, if done right, can get an economy back on its feet. The IMF certainly thinks so, according to a new report. But Germany, another major creditor to Greece, is resisting, even though it knows better than most what debt relief can achieve. After the hell of World War II, the Federal Republic of Germany ? commonly known as West Germany ? got massive help with its debt from former foes. Among its creditors then is Greece. The 1953 agreement, in which Greece and about 20 other countries effectively wrote off a large chunk of Germany's loans and restructured the rest, is a landmark case. So Greek Finance Minister Yanis Varoufakis claims debt relief is the key issu. The IMF backed the call to make Greece's debt manageable with a wide-ranging report on Thursday. Despite years of budget cuts, Greece's debt burden is higher than when its bailout began in 2010 ? over 300 billion euros ($332 billion), or 180 percent of annual GDP ? because the economy has shrunk by a quarter. Here's a look at when Germany got debt relief, and if such action might help Greece. FORGIVE US OUR DEBTS 1953's London Agreement, hammered out over months, was generous to West Germany. It cut the amount owed, extended the repayment schedule and granted low interest rates. And crucially, it linked West Germany's debt repayment schedule to its ability to pay ? tying repayments to the trade surplus it was running and expected to run. That created an incentive for trading partners to buy German goods. The deal effectively blocked claim, and it wasn't a one-way street. "The London Agreement gave Germany sweeping debt forgiveness and protection from creditors, in exchange for pro-market reforms," said Professor Albrecht Ritschl of the London School of Economics. West Germany was able to borrow on international markets again, and, free of onerous debt payments, saw its economy grow strongly. Development activists stated. "The same opportunity should be given to Greece that was given to Germany in 1953," said Eric LeCompte, executive director of debt relief organization Jubilee USA |
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ronleech
Elite |
02-Jul-2015 08:20
Yells: "Believe in yourself. Ride with the waves......" |
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Greece ppl was greedy. Want package and benefits. Greece PM was a gutless man. Decision like that just dump to citizen to decide.... and he want Greece out of EU?! So can totally write him off. Will be worried if it was spain, italy and such..... so many ppl wanna help them but they simply wanted their way. Selfish lot. |
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bishan22
Supreme |
02-Jul-2015 07:50
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Should not see any blood today. Good luck.
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teeth53
Supreme |
02-Jul-2015 07:40
Yells: "don't learn through life, learn to grow with life " |
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U.S. stocks closed higher on Wednesday as investors eyed better-than-expected data and remained optimistic on resolution between Greece and its creditor.
Stocks advanced despite Prime Minister Alexis Tsipras' statements the country will go ahead with the referendum on Sunday and that it is not a determinant of whether or not Greece remains in the euro zone, Reuters reported.
The Dow Jones industrial average closed about 140 points higher, off a more than 170-point rise in the open. The Nasdaq Composite also briefly jumped 1 percent as Apple advanced and biotechs gained.
Dow futures leaped more than 160 points on morning news that Tsipras accepted lenders' conditions in a two-page letter originally sent to the heads of the European Commission that requested only minor revisions to their suggestions on pensions and tax reforms.
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tomhanks
Master |
01-Jul-2015 23:34
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Well, the institutions must have known this beforehand to be a " no issue" . It was just magnified to lets say " give excitement" to the market. What if the world' s richest folks combined lost 70bn $.? Its just exit through the front door and entry with certain % of profit to the same guys via back door. Cheers to them for the orchestration. Will be the same orchestra over and over again..We should see this during the US debt ceiling issue down the line. I must say, i love these guys.
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teeth53
Supreme |
01-Jul-2015 23:20
Yells: "don't learn through life, learn to grow with life " |
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Gre..xit or Greed Exit??. Look like is a none event after hoohaaahahaha. | ||||
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tomhanks
Master |
01-Jul-2015 23:05
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Well, looks like what goes into greece remains in greece! Unless there is going to be a miraculous turnaround of the countries economy, its going to be the same song, same dance and same 11th hour 2 years from now if this deal goes through. |
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teeth53
Supreme |
01-Jul-2015 22:48
Yells: "don't learn through life, learn to grow with life " |
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WARNING -- Greek letter: Are the concessions enough? Analysts warned that markets could be getting ahead of themselves after a ltr from Greek Prime Minister Alexis Tsipras was made public. | ||||
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tomhanks
Master |
01-Jul-2015 22:46
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" The Greek government has indicated to its creditors that it is willing to accept many of the terms of a bailout package that it had previously rejected, if they are part of a broader deal to address the country&rsquo s funding needs for the next two years, officials said on Wednesday" ...i.e. they are requesting rescue fund for &euro 29bn loan package. isn' t? Lend...can' t collect....lend more...lol 
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teeth53
Supreme |
01-Jul-2015 22:41
Yells: "don't learn through life, learn to grow with life " |
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Whoa! The Greek govt does a U turn and is now ready to sign on to a bailout package. Just days ago, they Make about-face and won't fix their country's crisis any time soon. Prime Minister Alexis Tsipras wrote to Euro leaders and International Monetary Fund, accepting most of the conditions they had attached to releasing more cash, a European official told CNNMoney. | ||||
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teeth53
Supreme |
01-Jul-2015 07:59
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2015/06/30/news/economy/greece-imf-default/index.html?iid=surge-toplead-intl .....Grexit' |
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tomhanks
Master |
25-Jun-2015 02:12
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As of 2 PM, Dow has slumped 141 points. ' Grexit' Fear. Lets see how SGX reacts after the penny rally yesterday. Cheers. |
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teeth53
Supreme |
24-Jun-2015 23:31
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2015/06/24/news/economy/greece-europe-bailout-imf/index.html?iid=Lead Greece is meeting its creditors again Wednesday to try to persuade them to hand over the cash it needs. Without a deal this week, the country won' t be able to repay the International Monetary Fund 1.5 billion euros due June 30. If it misses the payment, Greece may have to introduce capital controls to prevent a run on its banks. Leaving the euro -- the feared Grexit -- would loom large. Markets surged earlier this week on optimism that a deal could be brokered after Greece submitted new proposals to put its finances in order. But that plan has since been put under the microscope, and run into opposition from the IMF. Related: Greece' s new rescue plan is deeply flawed European stocks sank Wednesday Greek bank shares and government bonds were also under pressure. |
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teeth53
Supreme |
23-Jun-2015 22:52
Yells: "don't learn through life, learn to grow with life " |
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EU, Germany n Greece holding up world stock market bourses hostage by Greece exit. " Grexit" . Europe' s n world risk been paralyzed by Grexit. Will this time for Germany, who are really running this show to say enough is enough or put up a temporary package n put up a STOP sign?.
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teeth53
Supreme |
23-Jun-2015 22:42
Yells: "don't learn through life, learn to grow with life " |
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http://www.cnbc.com/id/102764634 Cramer: Greece on a death spiral of total insanity (All eyes on Grexit) Greece, and what will happen if it goes under? Jim Cramer thinks someone has to bail it out, or there will be starving people and a massive emigration that Europe doesn' t appear ready to handle. Even worse, what if Greece defaults but then continues to insist on using the euro? Will the Europeans kick them out of the Eurozone?. all of these elements are up in the air right now, and no one seems to have thought it all through, especially the Greek gov. It just doesn' t make sense how Greek politicians have failed to explain the consequences to Greek citizens, though Cramer speculated that with a 25% unemployment rate, maybe they just don' t think it can get any worse. It seems as though, Greece think this whole thing will end in a fairy tale. Default on their debt and issue new bonds, and a new batch of lenders will step up to buy the bonds. Cramer said they don' t seem to understand what happens when a country is swamped by financial chaos&mdash no one buys your bonds. Thus, it is entirely possible to Cramer that the European Central Bank will have to step up to the plate again just to keep the Greek population from starving or overrunning other countries. Cramer is completely astounded that no one is talking about the potentially catastrophic consequences here.
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moneyplant
Master |
23-Jun-2015 22:35
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http://money.cnn.com/2015/06/23/news/economy/greece-europe-bad-deal/ |
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teeth53
Supreme |
23-Jun-2015 22:28
Yells: "don't learn through life, learn to grow with life " |
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Greece divided over reforms and future - Tsipras and his Syriza party, elected in Jan on their anti-austerity pledges, could now face a backlash within Greece for their new reform proposals to Greece' s lenders. Demonstrators rally demanding on Greece remain euro zone at Sintagma Square on June 22, 2015 in Athens, Greece.  |
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teeth53
Supreme |
23-Jun-2015 22:18
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2015/06/23/news/economy/greece-europe-bad-deal/index.html?iid=Lead Greece' s new rescue plan is deeply flawed. it could store up trouble for the future. * Wrong kind of savings, Greece risked repeating the mistakes of its first bailout program, by hitting demand in the economy too hard. * No debt relief, proposal' s suggestion that the intended measures will lead to a return to debt sustainability for Greece within 10 years. " If this week concludes with agreement between Greece and its creditors, it won' t be long before the next chapter in this drama," said Angus Campbell, senior analyst at FxPro. UBS estimates Greece may need additional funds of nearly 14 billion euros to carry it through to the end of 2015. " Greece therefore needs a new funding program, a debt restructuring or a combination of the two," wrote analysts at the Swiss bank. * It won' t last long, it do little more than just buying time for negotiations on yet another rescue. |
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tomhanks
Master |
23-Jun-2015 12:47
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Early gains..? Gains? In Singapore market? What a load of Crap!!!!!
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