:rolleyes:
yeah it’s the pension entitlements into the future that have the gun to the greeks heads
Based on past performance, yes.
yeah it’s the pension entitlements into the future that have the gun to the greeks heads[/QUOTE]
Foley you mug. He’s inferring / implying / suggesting a ‘mé féin’ attitude will take over in the minds of the Greek negotiators and they’ll fold.
yeah it’s the pension entitlements into the future that have the gun to the greeks heads[/QUOTE]
ffs foley:rolleyes:
yeah it’s the pension entitlements into the future that have the gun to the greeks heads[/QUOTE]
@briantinnion has it
I will ladybird it for you next time @not smart foley
Game theory innit.
Probably makes sense for them to default as a nation - if their main industry is tourism they will recover after a bumpy year or two assuming no military junta given their pensions will be whacked
he would say that, wouldn’t he
fuck you lepidus, you UUCOAM
Reports of capital controls in Greece this morning but then quickly denied.
20bn has left Greek accounts since Decemeber apparently.
Greeks formal submit request for extension. The Devil is in the detail though. What are they offering in return?
I’d imagine it will be vague enough to allow the Greeks portray it as a “bridging loan” while the EU will describe it as an extension.
A loan, now, not a bailout. If the two terms are confused, Europe will fall and the third reich will loom, or Saladin.
A Greek government official told Reuters the bailout extension has been requested. Specifically, Athens has requested an extension to the so-called “master financial assistance facility agreement” with the eurozone.
However, Greece is proposing to change some of the terms of the original agreement. We will bring you more detail and reaction as it comes.
Hmmmmmm
This will actually be more interesting when they run out of the next tranche of cash.
And the next tranche after that, and the tranche after that…
I suspect they will struggle to borrow more after the next lot unless they fully show the belly. They have no cards to play and do actually have lots to lose. As politicians are by and large cowards, they will likely run scared of standing on their own feet and exiting the single currency, and the eu is, I think, fairly tranquilo about a grexit. I actually suspect they would welcome it.
Was there not a proposal at one point that they sell an island or two to the krauts?
A few more details are emerging on Greece’s request for a six-month bailout extension.
Reuters snaps, based on a conversation with a Greek government official:
[LIST]
[]19-Feb-2015 10:14 - GREECE IS COMMITTED TO FISCAL BALANCE DURING INTERIM PERIOD UNDER REQUESTED LOAN AGREEMENT EXTENSION - GREEK GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:15 - GREECE COMMITTED TO REFORMS IMMEDIATELY ON TAX EVASION AND CORRUPTION- GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:16 - GREEK PROPOSAL INCLUDES MEASURES TO DEAL WITH HUMANITARIAN CRISIS AND KICK START ECONOMY-GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:17 - GREEK GOVT’S SIX MONTH EXTENSION TO GIVE GOVT ROOM TO PROCEED WITH NEGOTIATIONS FOR A NEW GROWTH DEAL OVER 2015-2019 - GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:17 - GREEK GOVT OFFICIAL SAYS NEW DEAL WILL ALSO INCLUDE AGREEMENT ON DEBT REDUCTION
[/LIST]
[LIST]
[]19-Feb-2015 10:17 - GREEK GOVT OFFICIAL SAYS SEEKING DEBT REDUCTION DEAL IN LINE WITH 2012 EUROGROUP AGREEMENT
[/LIST]
[QUOTE=“Julio Geordio, post: 1094269, member: 332”]A few more details are emerging on Greece’s request for a six-month bailout extension.
Reuters snaps, based on a conversation with a Greek government official:
[LIST]
[]19-Feb-2015 10:14 - GREECE IS COMMITTED TO FISCAL BALANCE DURING INTERIM PERIOD UNDER REQUESTED LOAN AGREEMENT EXTENSION - GREEK GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:15 - GREECE COMMITTED TO REFORMS IMMEDIATELY ON TAX EVASION AND CORRUPTION- GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:16 - GREEK PROPOSAL INCLUDES MEASURES TO DEAL WITH HUMANITARIAN CRISIS AND KICK START ECONOMY-GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:17 - GREEK GOVT’S SIX MONTH EXTENSION TO GIVE GOVT ROOM TO PROCEED WITH NEGOTIATIONS FOR A NEW GROWTH DEAL OVER 2015-2019 - GOVT OFFICIAL
[/LIST]
[LIST]
[]19-Feb-2015 10:17 - GREEK GOVT OFFICIAL SAYS NEW DEAL WILL ALSO INCLUDE AGREEMENT ON DEBT REDUCTION
[/LIST]
[LIST]
[]19-Feb-2015 10:17 - GREEK GOVT OFFICIAL SAYS SEEKING DEBT REDUCTION DEAL IN LINE WITH 2012 EUROGROUP AGREEMENT
[/LIST]
[/QUOTE]
Basically, lets rollover at current terms, but we are getting a debt reduction before the next deadline.
What’s the 2012 Agreement?
Can we have some too?
Rumours that the Germans have told the Greeks to fuck right off 
You’d miss the auld Financial Crises all the same.