TFK Capitalist Thread

Beware of Greeks selling merchandise
Beware of Greeks driving taxis
Beware of Greeks at hotel reception
Beware of Greeks selling beer

Yes Mr Duckworth absolutely Mr Duckworth quack quack quack Mr Duckworth

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Actually, did @farmerinthecity get lost in the move or what?

Interesting intervention by the IMF today, saying Greece needs €60bn in additional funding, should get debt relief and should be paying nothing back until 2035 and should not be debt free before 2055. Not sure why they are speaking out now having been quiet during the negotiations but it strengthens Tsirpas a bit - giving fuel to his argument that the deal proposed is unrealistic and unsustainable.

Whatever side of the argument you fall on, the efforts by the likes of Schulz to impose regime-change on Greece are fairly despicable.

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Not really sure why the IMF got themselves involved in any of the eurozone programmes. ECB and eurozone governments were always going to be calling the shots, they should have been left to fund the whole thing too. IMF had no business really using their funds within a currency union that had the capability to fund it themselves, while being ready to step in if any of them ended up leaving the eurozone.

Interesting article by prof lucey in the times today.

The opinion poll out today shows things to be much closer than I would have expected, 44.8 for Yes, 43.4 for No.
These polls were taken on Tuesday & Wednesday, so as Rocko says I reckon yesterdays intervention by the IMF, will have strengthened Tsipra’s a fair bit and he might be able to use that “validation” of his position to convince enough people to defeat the referendum.

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I listened to the interview with the Greek finance minister on the radio this morning. He’s a smooth talker but he’s completely winging it and rationalising decisions after the fact. The referendum was a bonkers escalation with almost all the pain felt in Greece but he was spinning as if it was going to lead to a better agreement which was already in the bag, no matter which way the vote went.

It was like listening to Paul Murphy and how he’s never wrong…

And the Germans have been very open about listening to alternatives and trying more progressive solutions?

What way would you vote if you were Greek?

Fear of the unknown would probably lead me to vote yes. At least with a package from the trioka, there is a guarantee of the basics and they will more than likely get a debt write-down regardless.

8 pack cans of Tuborg and killing all those skulltulas in Zelda on the Nintendo 64 is like the rosary for them.

Lack of sexual idenitiy which you probably define as a must for western civilised society is fucking them up as well.

Any right thinking person should vote no in Greece, they are fucked either way, but at least they have some say themselves if they play hardball.

The European banking institutions and the IMF aren’t going to let them off the hook regardless, in their favour would be to go back to their own currency devalue the shit of Julio Geordio’s holdings and run their own house.

The referendum was genius politically, whatever the decision it takes the blame off Syriza, If Cowen was sober enough he could have pulled that card the fucking ape.

Guaranteed the Irish voting public would vote yes out of fear, the Greeks will as well on Sunday that is any of them with a bit of grade to lose.

There will be no Greek exit of Europe, regardless of anything that’s the only guaranteed scenario.

They invented democrcay and Leo Varadker types… A great bunch of lads…

The Greeks should vote no if they had any clue but self interest is a killer.
hard to vote against you having cash on monday

##Grexit Poll

How have you voted today? If you’re not Greek just choose which way you would have voted.

  • Yes
  • No

0 voters

Brokers are running for the hills.

Dear Traders,
On Sunday, the 5th of July, 2015 the Greek Bailout vote will take place. This is a major event which is widely expected to cause many adverse and unprecedented conditions in the market during the Monday Market Open, such as Extreme Volatility, Low Liquidity and Widened Spreads and Price Gaps of a magnitude EUR pairs have not yet seen.

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Money on betting exchanges is leaning heavily towards a NO vote.

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14m ago
16:48
Helena Smith Helena Smith
Our correspondent Helena Smith has learned that sources close to the EU commission in Brussels are estimating that the NO vote could be ahead by 8 -10 points.

But Helena says we really don’t know how reliable the figure is as we don’t know what methodology was used to come up with this figure.

She adds:

Based, however, on anecdotal evidence a lot of middle class Greeks, who I spoke to today - and who would normally be firmly European and totally committed to their country’s continued role in the heart of Europe - conveyed how they had simply given up hope.

Younger middle class Greeks, with young children, said they were voting ‘no’ in the hope that at least that way their kids would have some kind of future. None of them seem to have been swayed by the fear factor: that of they voted ‘no’ the country would be kicked out of the euro.

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