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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: marc ultra who wrote (6693)11/3/2011 2:47:39 PM
From: Boca_PETE  Respond to of 10065
 
marc, A report I heard today said that the referendum would be off the table IF the Current Greek Government and the Union Opposition can agree on the austerity measures. Somehow in the end, I get the sense of an impending divorce between the EU and Greece with a new DRACHMA currency emerging from the ashes. Then Greece can inflate and spend all the way to Zimbabwe.

P



To: marc ultra who wrote (6693)11/3/2011 6:31:05 PM
From: Boca_PETE  Read Replies (1) | Respond to of 10065
 
GREECE REFERENDUM DROPPED for GOV'T/UNION AGREEMENT ON NEW DEAL just announced:
finance.yahoo.com

Greece's new debt deal would give the country an extra euro130 billion ($179 billion) in rescue loans from the rest of the eurozone and the International Monetary Fund -- on top of the euro110 billion ($152 billion) it was granted a year ago. It would also see banks forgive Athens 50 percent of the money it still owes them. The goal is to reduce Greece's massive debts to the point where the country is able to handle its finances without constant bailouts.

VERY INTERESTING. Markets may have an UP-MOODSWING on this tomorrow.

P