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Road to a Grecian turn?

Road to a Grecian turn?

Old Jan 31st 2017, 10:08 am
  #1111  
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Default Re: Road to a Grecian turn?

An insight into the current situation :

The latest programme review has been in limbo for over a month due to an ongoing dispute between all the involved parties over Greece’s fiscal targets from 2018 onwards.

Last May, the Greek government legislated almost 3 percent of GDP in tax hikes and pension savings to meet the 2018 surplus target. It was assumed at the time that, with most of the fiscal heavy lifting out of the way, the second review would be more manageable.

The IMF believes that the measures that Greece has agreed with its eurozone lenders add up to a primary surplus of no more than 1.5 percent of GDP in 2018. The eurozone on the other hand thinks that the current agreement is enough to see Greece achieve an ambitious surplus target of 3.5 percent by the end of next year.
and

Trying to reconcile differences over the fiscal issues has rapidly taken Greece from a relatively straightforward review, where labour reforms were expected to be the only truly politically sensitive issue, to German Finance Minister Wolfgang Schaeuble dropping hints about the Bundestag not approving a fourth programme if the IMF is not on board and the opposition leader in Greece irresponsibly raising the threat of Grexit in Parliament as a matter of political expediency.
Whole article here An unfounded argument leaves Greece in limbo | MacroPolis
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Old Jan 31st 2017, 2:31 pm
  #1112  
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Default Re: Road to a Grecian turn?

Originally Posted by Red Eric


QED!
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Old Jan 31st 2017, 2:34 pm
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Default Re: Road to a Grecian turn?

Originally Posted by Red Eric
An insight into the current situation :



and



Whole article here An unfounded argument leaves Greece in limbo | MacroPolis
The idea that Greece can grow its economy by 3.5% strikes me as fantasy particularly when the implement the commitments they have, reluctantly, agreed with the Troika and the downward pressure that exerts.

For the hard of understanding: please read the above post carefully and try and remember it so I don't have to repeat it to disprove wrong assertions
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Old Feb 1st 2017, 6:18 am
  #1114  
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Default Re: Road to a Grecian turn?

Originally Posted by Garbatellamike
For the hard of understanding: please read the above post carefully and try and remember it so I don't have to repeat it to disprove wrong assertions


Originally Posted by Garbatellamike
Hmm I see Greek 10 year bonds went up 212% today - time for another kick the can down the road fudge methinks
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Old Feb 1st 2017, 3:21 pm
  #1115  
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Default Re: Road to a Grecian turn?

I see denial is not only a river in Egypt Eric. I am beginning to pity you now.

that was an error in expression which I apologized for...

You have yet to apologize for your latest error in claiming that the Greek government had done everything asked of them - don't worry we don't expect you to apologize as you are clearly incapable of it....

Go on try and be a man and admit an error!

Last edited by Garbatellamike; Feb 1st 2017 at 3:25 pm.
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Old Feb 1st 2017, 4:49 pm
  #1116  
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Default Re: Road to a Grecian turn?

Grexit? And the Euromark will march on Uber alles. This year looks interesting
with highly likely increases in Nato funding for the vast majority of EU members, that should pierce a few holes in their budgets! Everyone is ignoring
it or so it would appear! Maybe they think Nato will go away.
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Old Feb 1st 2017, 4:55 pm
  #1117  
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Default Re: Road to a Grecian turn?

Originally Posted by Maybe1day
Grexit? And the Euromark will march on Uber alles. This year looks interesting
with highly likely increases in Nato funding for the vast majority of EU members, that should pierce a few holes in their budgets! Everyone is ignoring
it or so it would appear! Maybe they think Nato will go away.
Someone on here may hope NATO goes away as that will make the march of a true socialist movement across the world a little easier...... True socialists can then end the austerity experiment by writing off debt and all will be wonderful.......
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Old Feb 1st 2017, 5:16 pm
  #1118  
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Default Re: Road to a Grecian turn?

Originally Posted by Garbatellamike
You have yet to apologize for your latest error in claiming that the Greek government had done everything asked of them - don't worry we don't expect you to apologize as you are clearly incapable of it....

Go on try and be a man and admit an error!

Originally Posted by Red Eric
Fortunately, after 2 very extreme doses of bailout this current government is not of a mind to follow the lethal prescription unquestioningly.
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Old Feb 1st 2017, 5:18 pm
  #1119  
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Default Re: Road to a Grecian turn?

Originally Posted by Red Eric


You just can't admit you can be wrong - grow some.......
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Old Feb 1st 2017, 5:30 pm
  #1120  
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Default Re: Road to a Grecian turn?

It's fine. I understand your acute embarrasment after all the hectoring and posturing as some sort of tutor.

It doesn't really excuse making up nonsense about what I've posted but hey, why break the habit of a thread?
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Old Feb 1st 2017, 5:42 pm
  #1121  
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Default Re: Road to a Grecian turn?

Originally Posted by Red Eric
It's fine. I understand your acute embarrasment after all the hectoring and posturing as some sort of tutor.

It doesn't really excuse making up nonsense about what I've posted but hey, why break the habit of a thread?
Grow some evasive eric

You were wrong admit it.

I was wrong and admitted it you were wrong and rather than admit it refer to my admitted wrong.

You have posted something wrong - you made up the bit about Greece's government having done everything asked - pure invention.

Grow some
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Old Feb 1st 2017, 6:07 pm
  #1122  
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Default Re: Road to a Grecian turn?

Originally Posted by Garbatellamike
You have posted something wrong - you made up the bit about Greece's government having done everything asked - pure invention.
The invention is yours, I'm afraid. I didn't say that and nor would I.
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Old Feb 1st 2017, 6:13 pm
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Default Re: Road to a Grecian turn?

Originally Posted by Red Eric
The invention is yours, I'm afraid. I didn't say that and nor would I.
You fibber


Eric, the man who never made a mistake never made anything...

Grow some

Last edited by Garbatellamike; Feb 1st 2017 at 6:21 pm. Reason: punctuation
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Old Feb 2nd 2017, 8:47 am
  #1124  
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Default Re: Road to a Grecian turn?

Could we widen this a bit? It seems to be getting even narrower, and there are big moves afoot.
Perhaps we could retitle it.

Roads to a Grecian.....Turn Left (or Right) for Italy


AEP in the Telegraph today highlights a worrying report from Mediobanca
The cost of leaving the euro is rising every month for Italy on the increasing financial cost to Italy of remaining in the Euro, and the possibility that the exits have now been locked.
It seems to be available only to their own clients. Some of the papers have bits of it. Does anyone have access to the report itself? -
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Old Feb 2nd 2017, 12:38 pm
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Default Re: Road to a Grecian turn?

Originally Posted by bigglesworth
Could we widen this a bit? It seems to be getting even narrower, and there are big moves afoot.
Perhaps we could retitle it.

Roads to a Grecian.....Turn Left (or Right) for Italy


AEP in the Telegraph today highlights a worrying report from Mediobanca
The cost of leaving the euro is rising every month for Italy on the increasing financial cost to Italy of remaining in the Euro, and the possibility that the exits have now been locked.
It seems to be available only to their own clients. Some of the papers have bits of it. Does anyone have access to the report itself? -
not seen but this exactly the sort of contagion that the Troika fear.
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