SI
SI
discoversearch

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 : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (20190)12/19/2011 3:36:40 AM
From: frankw1900Read Replies (1) | Respond to of 24758
 
What will happen to the euros? Will they be rolled over, used to retake some Greek sovereigns? Get it? Do you see why I say there's a potential "credit event" here?.

Short term, they can still raise money.

greekcrisis.net

I don't know what to make of the financial repression stuff but his point that Greece did nearly 4bil euro last week is interesting even if it was short term. But a bond is another thing.

Also, is the ECB actually impeded from taking Greek bonds as collateral? Lots of desperate banks in Europe.



To: ahhaha who wrote (20190)12/19/2011 12:03:53 PM
From: ahhahaRespond to of 24758
 
IMF approves EUR 2.9 bln tranche to Portugal --- Briefings

Portugal was the proverbial straw. IMF rushed in with this bail. We'll see if IMF starts repeating this exercise not only with Portugal but also with the other basket cases. That will indicate the true state of the squeeze on longer term money.