Should Greece remain in the euro-zone after they default?

You know they didnt default right?

they will man

So I am taking your long greek CDS? Or short greek bonds? Short euro?

Cuz if you are that sure you shud make some money off it.

I think europe will contain this.

I dont see why they would both default and revert back to the drachma, it wont make much sense. One solution would be for them to revert and then monetize the debt, or to default and stay in the euro. Doing both wont be very beneficial for the country.

It doesn't look like they'll be able to stick to their austerity plans, therefore EU / IMF might stop paying those aid packages or whatever and that would be the final nail in the coffin. It, the default, could very well happen in any case, too.

Should Greece remain in the Euro after their likely default, I don't know.

It's not Greece I'm too worried about, even, but economies of the likes of Italy and Spain. The bad news from the U.S. aren't exactly great, either. Every week new global recession looks more likely, imo.

they will default but i think not yet, because Greece will be like a testing puppy for the the global economy, trying different measures and see which one are the best, then when it's Italy's and Spain's turn, they will have some knowledge but again they might be testing different measures, taking it slowly.

But ye I'd bet Greece will default probably by november, and I guess the best option is to hold cash $$$$....

also guys, media is so sh*t.... there are protests on wall street but barely anyone knows about them.

some pics, don't mind the language

and yahoo would block emails from people encouraging to participate in it, labeling it as "suspicious activity"

If they defaulted the global economy would die, so I don't think the IMF would let them

It's the Germans fault for fking accepting them to begin with ... Greece didnt have the economy to step into the EU and add to that their peoples are lazy ...

beatrixasdfghjk. wrote:If they defaulted the global economy would die, so I don't think the IMF would let them

No ... The Dollar is only rising because of it ...

pUsHa wrote:

beatrixasdfghjk. wrote:If they defaulted the global economy would die, so I don't think the IMF would let them

No ... The Dollar is only rising because of it ...

No, default = lower confidence = lower spending = lower investment = death.

beatrixasdfghjk. wrote:

pUsHa wrote:

beatrixasdfghjk. wrote:If they defaulted the global economy would die, so I don't think the IMF would let them

No ... The Dollar is only rising because of it ...

No, default = lower confidence = lower spending = lower investment = death.

Oh what about the Dollar rising more and more after these events .... if Greece fall into default the EURO will also considerably fall , making the Dollar asked more and more again ...

Dollar rising more and more?
How volatile has the stock market been recently?
The US got their credit rating cut and they're screwing themselves over in parliament :L

Speaking on a global perspective, if Greece defaulted, we are probably going to see a drop in confidence in the global financial system itself.

As for the dollar rising due to Euro drop in value, I think the same happen too (i.e. their dollar will drop) when US is screwing themselves over the debt too.

Even Australia who escaped the 2009 financial crisis relatively untouched is now having a slowdown in the retail sector. The only reason why Australia's economy appears to do so well is because the mining industry is doing very very good >_>

Being an Australian, I agree.
But you don't know how crap our opposition is, talking about 'hundreds of millions of debt' or something crazy like that ==
It's like nothing compared to other major OECD nations :L
But yeah, lots of Australians aren't that smart.

They'll get bailed out, the crisis will result in a tighter political Union in the EU, and that's it, basically.

VivaStPauli wrote:They'll get bailed out, the crisis will result in a tighter political Union in the EU, and that's it, basically.

There will be a managed default type of thing, maybe greece will default on 30% in a controlled matter. A haircut too.

But yeah, you guys will bail them out. Rescuing greece is not about rescuing greece, its about rescuing european banks.

In the future I hope germany will have more influence on how eurozone is run financially.

Ze Germans want to create the United Nations of Europe

dem Germans

The German lower house passed the EFSF amendment bill with a leading conservative lawmaker noting that the coalition did not need to rely on opposition votes.

pUsHa wrote:Ze Germans want to create the United Nations of Europe

Yeah they do. And it's a great idea.

VivaStPauli wrote:

pUsHa wrote:Ze Germans want to create the United Nations of Europe

Yeah they do. And it's a great idea.

Yes it is ...

But It would have been even better if this Union was never created and only a free trade agreement was made between countries ... Germans win again

Nah, go United States of Europe, someone's gotta tell the 'Mericans and the Chinese who's boss.

And it's us.

Ze Europeans.
(Totally not a German Empire)

VivaStPauli wrote:Nah, go United States of Europe, someone's gotta tell the 'Mericans and the Chinese who's boss.

And it's us.

Ze Europeans.
(Totally not a German Empire)

Naw naw .. It's totally a German Empire behind the scenes , lol

But I dont care I'm not in EU yet

Greece's administration has just called for a referendum so they can approve the austerity measures and he bailout fund

Yuri Yukuv wrote:Greece's administration has just called for a referendum so they can approve the austerity measures and he bailout fund

Really?
Oh god, I can't see the Greek public approving of it.

Dow jones just said that prez recalled it but that the goverment is collapsing