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Search: Posts Made By: bigglesworth
Showing results 1 to 25 of 113
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Forum: Europe
Feb 11th 2017, 10:14 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

A moot was an Old English meeting for discussion.
Nowadays, only used I think in Law colleges and the phrase "a moot point"
Moot usually nowadays means a law students debating competition - really...
Forum: Europe
Feb 10th 2017, 11:53 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

The ECB is trying to emphasise that to members. Of course, IF they are still sovereign, whether they choose to implement Lex Monetae is a sovereign matter. But they cannot, I would think, set it to...
Forum: Europe
Feb 10th 2017, 9:24 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

I agree. In fact, I would think just about any rational person would agree.
But whoever said the EU was rational?
The ECB made it very plain to Italy two weeks ago that Lex Monetaewould prevail....
Forum: Europe
Feb 3rd 2017, 10:33 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Not found it yet Mike, but came across this one, which ought to be on the agenda at Valetta as well

https://www.imf.org/external/pubs/ft/wp/2016/wp1609.pdf
Forum: Europe
Feb 3rd 2017, 10:13 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

And that is the polite bit!

Actually they did another paper a year or so ago saying the Euro was failing Europe, and was doomed. I will try to look it out.
The bit I really do not understand is...
Forum: Europe
Feb 3rd 2017, 8:36 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Another interesting paper from the IMF a couple of days ago. (Ms Lagarde very definitely does not reflect the mainstream of their thinking)
Fiscal Politics in the Euro Area...
Forum: Europe
Feb 2nd 2017, 3:18 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Sorry - very inexpertly edited. Mediobanco GS bit was of course my comment
Forum: Europe
Feb 2nd 2017, 3:17 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Ah, but with one jump he was free!

Point being that somebody has to finance Italy. Pensions can no longer do it. International markets look closed, or closing. And the ECB is "running down" its...
Forum: Europe
Feb 2nd 2017, 12:54 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

On the assumption that garbatella is Rome reference, here is one Italian article. There are quite a few more
Euro, Bankitalia: "Uscita dell'Italia? Catastrofe". Mediobanca: "Se si rinomina il debito...
Forum: Europe
Feb 2nd 2017, 8:47 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

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...
Forum: Europe
Jan 30th 2017, 1:34 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Absolutely.

They have figuratively been the heads on the spikes to frighten the other members.
Had they been allowed to leave, they would be well on the road to recovery by now
Forum: Europe
Jan 30th 2017, 12:50 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Indeed. And we live with those consequences now.
Forum: Europe
Jan 30th 2017, 12:46 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Very true, but 1976 did provoke enormous anger throughout the world.
In order to avoid a repetition, the IMF adopted limits on the amount any nation could borrow. Broadly a multiple of their SDRs...
Forum: Europe
Jan 30th 2017, 10:21 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Sorry Eric. Got a but hot under the collar there.

But it does not change my view that Greece got a very bum deal.
Forum: Europe
Jan 30th 2017, 10:18 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

There I am afraid I do disagree. IMO it was unconscionable for the IMF to participate in the Greek bailout in the first place. Period.
The IMF is broadly a vehicle for financial aid and...
Forum: Europe
Jan 30th 2017, 9:40 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Thanks for the books - already ordered (from Amazon)

But (IMHO) it goes back a bit further than that I think Colonel. Faultline of the old Western and Eastern Roman Empires. Defence line of Europe...
Forum: Europe
Jan 28th 2017, 10:55 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Thanks Eric

That was a a bit scarey!
Forum: Europe
Jan 28th 2017, 5:55 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

I did not see that Mike. Investing.com show 7.3%.
Could you show me a link somewhere?
On Pulaski's point - well, if they are indeed looking to Martin Schultz, they are probably prepared to take a...
Forum: Europe
Aug 7th 2016, 3:55 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Not wishing to pour petrol on flames, but the IMF has always seemed to be to act more according to their ambitions for the EU than according to their constitution.
The loans the advanced to Greece...
Forum: Europe
Nov 5th 2015, 10:32 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Eric et al in case you missed this (I confess I had) from one of my favourite commentators
Forbes Welcome...
Forum: Europe
Oct 25th 2015, 1:20 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Thanks Eric.
So what is a "motion of rejection"? (Apart from the obvious). Presumably it is a parliamentary convention/procedure, but what are the implications?
Forum: Europe
Oct 24th 2015, 2:04 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Even more apocalyptic stuff from AEP
Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power - Telegraph...
Forum: Europe
Oct 22nd 2015, 6:13 am
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

AEP's take in the Telegraph. In twenty years I cannot recall AEP being poisitive about anything. I would guess he checks the weather forecast before he opens the curtains.
Defiant Portugal shatters...
Forum: Europe
Oct 5th 2015, 3:08 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

I think you missed out the Peoples Front of Judea.
Forum: Europe
Oct 5th 2015, 12:03 pm
Replies: 1,246
Views: 85,724
Posted By bigglesworth

Re: Road to a Grecian turn?

Mike the last I saw the Socialists and Communists had over 50 percent. The centre right Coalition had 38 percent. Resounding support for the austerity parties it certainly was not, however the EC...
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