The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (42110)	9/27/2011 3:21:35 PM
From: rich evans	1 Recommendation Read Replies (1) of 71456

I don't think so. All the money that Greece gets goes only to pay off existing debt due. So no increase. It is a matter of who takes the loss.Assuming a 50% haircut, this equals a loss of 300 bill euros. The idea is to spread the loss around to different entities such as IMF, Banks, stabilization fund, ECB. That is where the negotiation is. Greece must remain in the Euro as their is no way out. But they will have to reduce the public spending, government salaries etc. So no increase of debt but no prosperity either since they are not competitive. Rich

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next