Greece default - Euro Crashing: Greek Default To Come?

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Can the EU's Debt Crisis End Without Greece Defaulting – Queenslyfe. Can the EU's Debt Crisis End Without Greece Defaulting – Queenslyfe. Without Greece defaulting	2010 August « Turkey & Macedonia 2010 August « Turkey & Macedonia ]]>Greece's default is viewed	FT Alphaville » Greece default or no? FT Alphaville » Greece default or no? Greece default or no?	Why Everyone's Thinking That Greece Is Going To Default ... Why Everyone's Thinking That Greece Is Going To Default ... Tons of people are chattering about the possibility of a Greek default today
Escalating Greek default fears rock Europe's debt markets - Telegraph Escalating Greek default fears rock Europe's debt markets - Telegraph Escalating Greek default	The DIV-Net: Greek Default: A History of Failure The DIV-Net: Greek Default: A History of Failure Greece has been in default	Global Economic Crisis » Sovereign Debt Crisis Alert: Greece ... Global Economic Crisis » Sovereign Debt Crisis Alert: Greece ... Alert: Greece default Risk	Constantinos Collmer - Books Constantinos Collmer - Books The first Greek default
Greece Default Would Push U.S. Mortgage Rates Higher ... Greece Default Would Push U.S. Mortgage Rates Higher ... Greece default Would Push U.S.	Greek Default: Why It's Only A Matter Of Time Greek Default: Why It's Only A Matter Of Time greece	ECB Willing To Allow Greek Default, Temporarily, As Part Of Crisis ... ECB Willing To Allow Greek Default, Temporarily, As Part Of Crisis ... Greece default	Greek Debt Restructure Inevitable: PIMCO's El-Erian (Reuters ... Greek Debt Restructure Inevitable: PIMCO's El-Erian (Reuters ... Obama Fears Greece default
Obama fears Greece default Obama fears Greece default Obama fears Greece default	Banks betting on a Greece default as they helped hide its debt ... Banks betting on a Greece default as they helped hide its debt ... a Greece default as they	Should Greece Default? « Manuel No (Manuel Nó) Should Greece Default? « Manuel No (Manuel Nó) Country default risk – Greece	S&P threatens Greece with default rating | Pay off Debt Solutions S&P threatens Greece with default rating | Pay off Debt Solutions land of Greek debt would
... : The almost certain Greece default could cause US double-dip ... : The almost certain Greece default could cause US double-dip Greece default	Greece: Extended Payments Another Name For Default - 24/7 Wall St. Greece: Extended Payments Another Name For Default - 24/7 Wall St. Greece default	International Homestay - Greece International Homestay - Greece Greece default	Papandreou: Greece wont default on debt - CNN.com Papandreou: Greece wont default on debt - CNN.com Greece default
Will Greece Default? Will Greece Default? Greece default	Tourists enjoy high satisfaction levels when visiting Greece. Tourists enjoy high satisfaction levels when visiting Greece. Greece default	Will Greece’s default bring down the Euro? « CrisisMavens Blog Will Greece’s default bring down the Euro? « CrisisMavens Blog Greece default	Reasons Greece Deserves To Default Reasons Greece Deserves To Default Greece default
Germany Said to Prepare Plan to Aid Country's Banks Should Greece Default Germany Said to Prepare Plan to Aid Country's Banks Should Greece Default German two-year yields declined to a record as investors sought a haven and Greek two-year note yields added as much as 86 basis points to 55.91 percent, a euro-era record. Credit-default swaps insuring Greek sovereign bonds jumped 212 basis points to ...	Treasury 10-Year Yield Falls to Record on Greece Default Concern Treasury 10-Year Yield Falls to Record on Greece Default Concern 9 (Bloomberg) -- Treasuries rallied, pushing 10-year note yields to a record low, as concern Greece may default this weekend stoked demand for a refuge from Europe's deepening sovereign-debt crisis. Benchmark 10-year government securities headed for a ...	Why Everyone's Thinking That Greece Is Going To Default Why Everyone's Thinking That Greece Is Going To Default Tons of people are chattering about the possibility of a Greek default today, with Germany ready to bail out its banks if that happens. There are two reasons that people are speculating on a Greek default this weekend. ...	Euro Plummets to 6-month Low as Greece Default Nears Euro Plummets to 6-month Low as Greece Default Nears An event that has been a long time coming, it now appears that Greece will default on its debt and / or be forced to leave the Euro-zone. On such news, risk-appetite quickly evaporated, leading to a mass exodus from European banking shares and higher ...
Credit-Default Swap Indexes Rise in Europe on Stimulus Concerns Credit-Default Swap Indexes Rise in Europe on Stimulus Concerns Questions over Greece's ability to meet the terms of its first rescue package are dogging the indebted nation as bondholders weigh whether to participate in a debt exchange that's crucial to a second bailout. “A Greek default could accelerate the bank ...	US stocks gets Stark shock; Greece default risk rises US stocks gets Stark shock; Greece default risk rises Then Bloomberg News reported Germany was preparing a plan to support its banks if Greece defaults. “With Stark's announcement, and the subsequent headline that Germany is prepared to support its banks in the event of a default, the risk of an imminent ...	Euro briefly pares loss vs dlr on Greek statement Euro briefly pares loss vs dlr on Greek statement NEW YORK, Sept 9 (Reuters) - The euro briefly pared losses against the US dollar on Friday after Greece's finance minister dismissed market rumors about a near-term default. The minister said rumors that Athens would default over the weekend were ...	EURO GOVT-Bunds at new highs on Greek worries, Stark EURO GOVT-Bunds at new highs on Greek worries, Stark Greece has said it will not go through with it unless the participation rate is at least 90 percent, compared with bankers' estimations of about 70 percent so far, again sparking fears of a near-term disorderly default. . The cost of insuring against a ...
Greece Denies Talk Of Weekend Default Plans-Fin Min Source Greece Denies Talk Of Weekend Default Plans-Fin Min Source ATHENS (Dow Jones)--Greece's government Friday denied that it had any plans to default at the weekend, dismissing market talk of such plans as "rubbish." "These reports are rubbish," a Greek finance ministry official said. ...	Greek CDS Spreads Go Stratospheric Greek CDS Spreads Go Stratospheric Some form of Greek default is a largely foregone conclusion.” The Italian government has come up with an austerity plan that includes spending cuts and tax increases to the tune of EUR50 billion, which will be put to vote in parliament next week. ...	Will Greece be labelled "default" today? Will Greece be labelled "default" today? This is due to the following: 1) Expectations that the debt crisis will make headlines (Greece is about to implement debt restructuring measures that will result in the country being labelled “default” by the rating agencies). ...	Ghost of Lehman Haunts G-7 Amid Debt Crisis Ghost of Lehman Haunts G-7 Amid Debt Crisis Photographer: Angelos Tzortzinis/Bloomberg Europe's finance chiefs will face international calls today to accelerate efforts to contain their debt crisis as mounting bets on a Greek default highlight the biggest threat to the global economy. ...
Let Greece go, says Newton's Brain Let Greece go, says Newton's Brain He says: “Unfortunately, time has now run out and we are not sure that the system is ready for a Greek default. “A default with a 40% 'recovery rate' (return of capital) would reduce the Greek deficit to a more sustainable level. ...	Lehman Mirrored in Record European Swap Divergence to U.S.: Credit Markets Lehman Mirrored in Record European Swap Divergence to U.S.: Credit Markets Responses to the inquiry, which is not a formal offer, are nonbinding and will be aggregated by regulators on a country-by-country basis, according to the Greek government. The Markit iTraxx SovX Western Europe Index of credit- default swaps on 15 ...	Greek 'Hard Default' on Debt Obligations Isn't Anticipated, Dallara Says Greek 'Hard Default' on Debt Obligations Isn't Anticipated, Dallara Says “Do we anticipate a hard default for Greece? Not at all,” Dallara told reporters at a news conference in Washington. European politics and a worsening Greek economy are posing obstacles to the debt deal agreed in July, Dallara said. ...	Euro Breakup Would Have Grim Political,Social Consequences-UBS Euro Breakup Would Have Grim Political,Social Consequences-UBS ... corporate default, recapitalization of the banking system and a collapse of international trade. By contrast, each German would only have to cough up EUR1,000 just once to bail out Greece, Ireland and Portugal entirely, according to UBS's analysis. ...

Greece default : Videos

Greek default hype part of Euro vs Dollar global currency war Greek default hype part of Euro vs Dollar global currency war A major US credit agency says it will downgrade the Greek debt to 'default status' as a result of the second bailout for the country. The ... Rated: 4.6638656     Duration: 250 seconds     Video type: YouTube     Hosted by: www.youtube.com on Fri, 22 Jul 2011 11:16:33 PDT	Greek Default Likely Before Year-End Greek Default Likely Before Year-End Leon Cornelissen, an analyst at Dutch asset management firm Robeco Groep NV, is saying "Greek debt restructuring" is likely by the end ... Rated: 5     Duration: 225 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 25 May 2011 01:43:41 PDT	Greece Default in Dec? Greece Default in Dec? Could Greece default sending world economies to collapse Rated: 5     Duration: 177 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 07 Sep 2011 17:14:46 PDT	Will Greece default? Will Greece default? Watch the full 29-minute interview at www.goldmoney.com In this video, renowned Wall Street trader and financial commentator Victor Sperandeo and ... Rated: 4.8666668     Duration: 246 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sun, 22 May 2011 03:03:00 PDT
Markets temporary rise on Greek default news (22July11) Markets temporary rise on Greek default news (22July11) The money markets have a temporary rise on hearing the news of the European Communists in Brussels doing a deal to let Greece default on it's ... Rated: 5     Duration: 257 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sat, 23 Jul 2011 09:36:24 PDT	Greek default almost certain, Chinese safety standards questioned and two fake Apple stores closed Greek default almost certain, Chinese safety standards questioned and two fake Apple stores closed CNBC - Moody's: Greek default is almost certain. Here's why Ratings agency Moody's cut Greece's sovereign debt by three notches on ... Rated: 5     Duration: 457 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 25 Jul 2011 12:22:34 PDT	Niall Ferguson on the EU sovereign debt crisis: No way around a Greek default Niall Ferguson on the EU sovereign debt crisis: No way around a Greek default June 30th 2011. Rated: 5     Duration: 778 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 11 Jul 2011 13:31:50 PDT	Greeces default dispute [CNN 7-06-2011] Greeces default dispute [CNN 7-06-2011] Like/Dislike, Comment, Favorite and share on Twitter, Facebook, Google+ to get the word out on this video. Saturday July 9 2011 9:23 pm Visit ... Rated: 1     Duration: 243 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sat, 09 Jul 2011 12:25:51 PDT
ERIC PHELPS & VIVALDI III - GREEK DEFAULT & EUROPEAN ETHNIC CLEANSING (1/ ... ERIC PHELPS & VIVALDI III - GREEK DEFAULT & EUROPEAN ETHNIC CLEANSING (1/ ... Listen to Eric Jon Phelps and Count Vittorio Vivaldi III on the Biblical Truth and History in Prophecy radio show. Plenty of real historical ... Rated: 5     Duration: 745 seconds     Video type: YouTube     Hosted by: www.youtube.com on Fri, 24 Jun 2011 11:14:53 PDT	BOB CHAPMAN - 2/MAY/2011 - GREEK DEFAULT & US DOLLAR IN ... BOB CHAPMAN - 2/MAY/2011 - GREEK DEFAULT & US DOLLAR IN ... Listen to Bob Chapman on GONOB Radio giving you the run down on the events of the past week and near future in the economic World. This broadcast ... Rated: 4.3333335     Duration: 899 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 03 May 2011 20:08:07 PDT	Will Greece default? Will other nations follow? Will Greece default? Will other nations follow? Fareed Zakaria talks to PIMCO's CEO Mohamed El-Erian about Greece and what the market thinks of USA, INC. Rated: 5     Duration: 402 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sun, 26 Jun 2011 08:09:16 PDT	Jim Rogers Holding Dollar, Euro - Let Greece Default (29-Jun- ... Jim Rogers Holding Dollar, Euro - Let Greece Default (29-Jun- ... This is a 'YOUSEARXCH 'SUPPORT' and 'FEEDER' channel dedicated to providing 'GENERAL' 'FREE' and easy ' ... Rated: 5     Duration: 403 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 30 Jun 2011 03:44:33 PDT
Jim Rickards on the Greece Default Jim Rickards on the Greece Default www.NewWaveSlave.com Jim Rickards delivers his usual brilliant insight on the economic crisis in Greece and its eventual default. Jim Rickards ... Rated: 5     Duration: 426 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 22 Jun 2011 08:37:45 PDT	GREEK DEFAULT - Slow agonizing death of the Euro - Greek debt tragedy GREEK DEFAULT - Slow agonizing death of the Euro - Greek debt tragedy www.NewWaveSlave.com Jim Rickards delivers his usual brilliant insight on the economic crisis in Greece and its eventual default. Jim Rickards ... Rated: 5     Duration: 426 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 22 Jun 2011 08:37:45 PDT Rated: 5     Duration: 177 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 21 Jun 2011 08:02:07 PDT	Acropolis Now: Debt down to default as EU plugs Greek ... Acropolis Now: Debt down to default as EU plugs Greek ... A major US credit agency says it will downgrade the Greek debt to default status as a result of the second bailout for the country. The plan ... Rated: 4.4193549     Duration: 241 seconds     Video type: YouTube     Hosted by: www.youtube.com on Fri, 22 Jul 2011 05:04:52 PDT	Greece Default in Dec? Greece Default in Dec? Could Greece default sending world economies to collapse Rated: 5     Duration: 177 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 07 Sep 2011 17:14:46 PDT
Greece Default in Dec? Greece Default in Dec? Could Greece default sending world economies to collapse Rated: 5     Duration: 177 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 07 Sep 2011 17:14:46 PDT	Policymakers Seeking to Delay Greek Default... Forste Says! Policymakers Seeking to Delay Greek Default... Forste Says! June 17 (Bloomberg) -- Adrian Foster, head of financial-market research for Asia at Rabobank Groep NV, discusses the Greek debt crisis. He speaks ... Rated: 5     Duration: 208 seconds     Video type: YouTube     Hosted by: www.youtube.com on Fri, 17 Jun 2011 00:38:04 PDT	Should Greece Default? Should Greece Default? Jul 3 2011 The Real News Network -- David Harvey: Greece should call europe's bluff Rated: 4     Duration: 581 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sun, 03 Jul 2011 06:15:22 PDT	Greece.........Default or Revolution? Greece.........Default or Revolution? With rumours of a military coup if austerity is imposed if Greece doesnt default on its debt there may be a Revolution. The Global Ponzi scheme is ... Rated: 5     Duration: 339 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 28 Jun 2011 11:31:34 PDT
UK banks abandon eurozone over Greek default fears UK banks abandon eurozone over Greek default fears UK banks abandon eurozone over Greek default fears. UK banks have pulled billions of pounds of funding from the eurozone as fears grow about the ... Rated: -1     Duration: 320 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 20 Jun 2011 17:14:51 PDT	Will Greece default on its debt? BBC radio report Will Greece default on its debt? BBC radio report BBC World Service radio report from 28 March 2011 asking if Greece will default on its debt and what the consequences would be for Greece and for ... Rated: -1     Duration: 937 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 29 Mar 2011 10:41:41 PDT	Greek Default Would Be Manageable for Banks...Esterer Says! Greek Default Would Be Manageable for Banks...Esterer Says! May 30 2011 Bloomberg --- Florian Esterer, a senior portfolio manager at Swisscanto Asset Management AG, talks about the prospect of Greece ... Rated: 3     Duration: 230 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 30 May 2011 04:45:37 PDT	Gold & Silver are strong on the Greek default news, COMEX silver inventory Gold & Silver are strong on the Greek default news, COMEX silver inventory www.youtube.com Protests in Athens, Greece - Syntagma Square - 15 June 2011 MaxKeiserTV www.youtube.com Nigel Farage: Bankers+politicians = ' ... Rated: 5     Duration: 672 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 15 Jun 2011 13:24:38 PDT
Greece Default Ahead? Greece Default Ahead? Duration: 96000 seconds Hosted by: MSN Video	Greece Will Default: Economist Greece Will Default: Economist Duration: 222000 seconds Hosted by: CNBC	Will Greece default on debt? Will Greece default on debt? Duration: 222000 seconds Hosted by: CNBCHosted by: CNN	Soft Default in Greece? Soft Default in Greece? Duration: 377000 seconds Hosted by: MSN Video
Greece Steers Away From Default Greece Steers Away From Default Duration: 346000 seconds Hosted by: CNBC	Greece Will Not Default on Debt Greece Will Not Default on Debt Duration: 424000 seconds Hosted by: CNBC	Greece Cannot Avoid Default Greece Cannot Avoid Default Duration: 321000 seconds Hosted by: CNBC	Stop Trading: Let Greece Default Cries Cramer Stop Trading: Let Greece Default Cries Cramer Duration: 421000 seconds Hosted by: CNBC
Greece moves on austerity deal Greece moves on austerity deal Duration: 106000 seconds Hosted by: Reuters	Greece Default Worries Greece Default Worries Duration: 551000 seconds Hosted by: CNBC	Greece Default Coming? Greece Default Coming? Duration: 285000 seconds Hosted by: CNBC	Greeces default dispute Greeces default dispute Duration: 285000 seconds Hosted by: CNBCHosted by: CNN
Greece Will Default Greece Will Default Duration: 314000 seconds Hosted by: CNBC	Greece: Too Big to Fail? Greece: Too Big to Fail? Duration: 430000 seconds Hosted by: CNBC	Euro slips, markets eyes on Greece Euro slips, markets eyes on Greece Duration: 72000 seconds Hosted by: Reuters	Austerity Cramdown Austerity Cramdown Duration: 1020000 seconds Hosted by: MSN Video
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Greece Will Default, But When? Greece Will Default, But When? Duration: 151000 seconds Hosted by: CNBC	Markets Eye Potential Greek Default Markets Eye Potential Greek Default Duration: 238000 seconds Hosted by: MSN Video	Money Match Up: Greece & Commodities Money Match Up: Greece & Commodities Duration: 875000 seconds Hosted by: CNBC	Lenders offer Greece lifeline Lenders offer Greece lifeline Duration: 120000 seconds Hosted by: Reuters

Greece default : Latest News, Information, Answers and Websites

BBC News - Greece aid package agreed by eurozone

Jul 22, 2011 ... The restructuring is widely expected to be declared by credit rating agencies to be a default by Greece on its debts - something European ...

Suppose America was forced to default on its debt, would the other countries be stupid enough to accept it?

I remember hearing about the crisis in Greece, they said if Greece defaulted then, it would have collapsed the world economy. Can you imagine what the damage a US default would do! Could the countries the US is in debt to just "forgive the US of its debts"? Asking for the money would be like sawing of the branch youre sitting on.
Answer: Default means stop paying interest on bonds for a period of time such as a week or a month. The creditors will have to accept it. What otherwise, are they gonna do? But they will not buy any new bonds. If people in the countries,including financial institution stop paying debts, it would cause the bank-run. People will not be on the line in front of the banks this time,but probably rush into it with guns. Creditors will come in and force to sell the assets by auction, and take control all of our profit making companies.Only the country which cannot print the dollar will do it if it hit the wall.But not the US for sure.
Category: Economics

What difference does it make to the average Greek if they default?

I know someone my age (58) in Greece who has a similar government job to mine in the US. He retired with 80 percent of his last income this year. I cant retire for 8 years and will get 60 percent of my last salary. If Greece defaults, what difference is it to him?
Answer: Lots of Greeks get much of their income from the government, whether by salary or various public benefits. That's why they rioted and protested so much when they found out the gravy train had run dry.
Category: Politics

HUGE: Germany Preparing To Bail Out Its Banks If Greece Defaults

1) A Greek default is a REAL an imminent possibility (bearish). 2) Germany is ... Chatter about a Greek default as soon as this weekend -- which has been denied, according to CNBC -- will certainly heat up. Please follow ...

Euro Crashing: Greek Default To Come?

Rumour is being criculated that Greece will default over the weekend. Stocks are hammered, and Euro is crashing.

Should Greece just default on their bonds? Should the US?

Many countries are being crushed by debt. If they defaulted then no one would loan them money any more. They could start with a clean slate and not get in the habit of borrowing to live beyond their means.
Answer: We are totally broken out ! Our National debt is 254 BILLION euro. Just for comparison: Russian debt in Yeltsin times was 51 billion. Argentina's debt was 54 billion. And Greece is not Russia or Argentina but small Balkan puppet-state...
Category: Greece

liveworldnews.net » Euro Plummets to 6-month Low as Greece ...

Germany Said to Ready Plan to Help Banks if Greece defaults – Bloomberg. • Stark to ... An event that has been a long time coming, it now appears that Greece will default on its debt and / or be forced to leave the Euro-zone. ...

Euro Plummets to 6-month Low as Greece Default Nears | Avid ...

Fundamental Headlines • Greece Must Keep Cutting or 'Probably' Exit Euro, Flaherty Says – Bloomberg • Germany Said to Ready Plan to Help Banks if.

What would happen if an EU member state (e.g. Ireland or Greece) was allowed to default?

Im trying to get my head around why it is so important to bail out even a small (GDP wise) country which is part of the EU? What would be the effect on the EU and the euro as a whole if they were not bailed out? Many thanks!
Answer: The bailouts we've seen aren't that important. You are missing the real problems. The bailouts don't really help the individual countries - the bailout money just goes to the banks that the countries owe money to. "As of 31 December 2009, banks headquartered in the euro zone accounted for almost two thirds (62%) of all internationally active banks’ exposures to the residents of the euro area countries facing market pressures (Greece, Ireland, Portugal and Spain). Together, they had $727 billion of exposures to Spain, $402 billion to Ireland, $244 billion to Portugal and $206 billion to Greece" "French and German banks were particularly exposed to the residents of Greece, Ireland, Portugal and Spain. At the end of 2009, they had $958 billion of combined exposures ($493 billion and $465 billion, respectively) to the residents of these countries. " http://www.econbrowser.com/archives/2010/06/is_spain_next.html France and Germany are just trying to prevent their own banks from losing money. They couldn't care less what actually happens to the Irish, the Greeks, etc. Many people are expecting that, in the end, the PIGs will end up defaulting, or at very least "restructuring their debt". That will address the issue of the banks, but not the problems of the countries themselves. http://krugman.blogs.nytimes.com/2010/11/23/hamping-europes-periphery/ On those problems the EU and the Eurozone is doing nothing. http://www.social-europe.eu/2010/04/open-letter-to-european-policymakers-the-greek-crisis-is-a-european-crisis-and-needs-european-solutions/ The pain for these countries is looking to be so bad that some are actually seeing the possibility of the dissolution of the eurozone. http://www.telegraph.co.uk/finance/economics/7806064/Euro-will-be-dead-in-five-years.html http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8039041/Joseph-Stiglitz-the-euro-may-not-survive.html http://www.brusselsjournal.com/node/4294 http://krugman.blogs.nytimes.com/2010/05/05/greek-end-game/
Category: Economics

Greece default 'virtually 100 percent' - The Washington Post

Jul 25, 2011 ... Moody's Investors Service gives a mixed verdict on the new plan for Greece, saying it will help stabilize the country's finances and insulate ...

Greece rejects talk of default | The Big Picture

GREEK FINANCE MINISTRY ISSUES STATEMENT *GREECE COMMITTED TO `FULL IMPLEMENTATION' OF BAILOUT AGREEMENT *GREECE REJECTS TALK OF DEFAULT.

Since Greece and others are edging toward default, should the US also consider this option?

Of course many will say that it will destroy the credit of the US government. But the alternative seems to be crushing the US with huge taxes, recession or both. One side effect might be that it would force politicians to actually live within their budget.
Answer: Why should we? The European union and the EUro are our competitor. It makes the dollar stronger.
Category: Economics

What would have happened if Greece has threatened with default?

Initially countries were reluctant (eg germany ) to lend to Greece in order for it to repay its debt.. However in my opinion The Greek government could have negotiated better interested rates and also negotiated the terms of the loan... IMF/ EU : These are the terms of the loan Greece : I cant accept eg 1,2,3, I cant enforce / cut wages up to a % percent because a social uprising will occur etc etc IMF/ EU : You have to otherwise we wont lend you money Greece: Ok i am defaulting i cant pay my debts then Now lets assume that this scenario was took place becauseGreece has to voluntarily exit the euro ( it cannot be kicked out )a country defaulting in the eurozone will have had massive consequences for the euro currency as it will dramatically drop against other currencies if not end its existence . German and French financial institutions are thought to hold up to 70% of Greek debt and would be severely hit. For reasons of self-interest, therefore, the EU was likely to go to any lengths to stop Greece defaulting so couldnt Greece in a way "blackmail" EU by holding this radical extreme approach and negotiate better loans and also hold a harder position against and not accept all the rules imposed by the IMF / EU ?
Answer: There is a slight chance that the entire European Union might have collapsed. They would have gone back to being independent countries with proprietary currencies. Otherwise, it might have caused an economic depression lasting years.
Category: Other - Business & Finance

Do American taxpayer realize they will have to pay Greeces debt if they default?

Just like in the housing crisis good old AIG is selling insurance pollicies (Credit default swaps) to guarantee that Greece will not default. If Greece does default AIG who our government now owns, will need a bailout from.....YOU
Answer: I'm sure the pres will come up with a fancy speech telling us why Greece's failure is all our fault.
Category: Politics

How did greece default?

I am very curious how Greece defaulted. I couldnt find anything on how it did.
Answer: The Greeks have a major aversion to paying taxes first of all. Second, the "people" kept demanding raises (public workers) that the government didnt have to pay, but the people kept demanding, so eventually they got their raises. Then you have social programs to keep the retired from being homeless and the poor fed... which the country didnt have money for either. So they had to borrow money from the EU to keep it all going. Then the interest and payments came due, and since Greece didnt have the money in the first place, they took more loans to pay the original loans... the cycle continued until the day when they couldnt get any more loans (because everyone figured out, they had no money) and then they couldnt really pay any of the debt back. Greece is basically the definition of what happens when you have programs you cant pay for because you refuse to tell your citizens NO
Category: Government

Why Everyone's Thinking That Greece Is Going To Default

There are two reasons that people are speculating on a Greek default this weekend. First, private sector participation in the bailout -- accepting about a 21 percent haircut voluntarily -- is not going to be very popular. Greece ...

The Inevitability of a Greek Default - NYTimes.com

May 5, 2011 ... Europe needs to act to keep a Greek default from destroying its financial system, then accept the reality.

If Greece defaults wouldnt that mean that the World Bank and IMF default?

Answer: No not at all, both the World Banks and the IMF are very solvent, the worst hit will be the EU. Have a look at the details here. http://ec.europa.eu/economy_finance/index_en.htm it really is a very serious situation. Other countries like Spain, Portugal and Southern Ireland (Erie) will be in trouble as they need help as well form the Union and if Greece defaults there may not be money for them. The link has it all there to see and relax on your worries about the other two organisations.
Category: International Organizations

BREAKING: GREECE SAYS IT WON'T DEFAULT, AND WILL FULLY ...

Image: Wikimedia Commons. Contrary to all the chatter out there today, Greece says it WILL NOT DEFAULT and that it's committed to full implemenation of the bailout agreement. The news comes via headlines via Bloomberg. ...

Moody's says likelihood of Greek default 'virtually 100%' | Business ...

Jul 25, 2011 ... Moody's cut its credit rating for Greece by three notches – leaving it just one position above default.

The CDS market and Greece's default | Felix Salmon

Jul 22, 2011 ... ISDA has made the right decision: the Greek bond default ...

A Greek Debt Default Could Affect American Economy - ABC News

Jun 16, 2011 ... Greece, a small nation in southern Europe, is having an outsize impact on the U.S. economy because investors fear it might default on its debt.

How will Greece default on its debt if it doesnt have control of the Euro?

Wont the Euro default?
Answer: that is the question. Perhaps when Greece can't pay they will be kicked out of the EU.
Category: Politics

I want opinions not article, who thinks Greece will default on its debt payment?

Category: Credit

Should Greece default on their debt to escape euro crash?

Should they also return to the dracma and leave the euro to save whats left of their economy?
Answer: Everyday after work (keeping the hotel chain up) I go to the Buffet Škola in Dubrovnik and I keep seeing Greek unibrown women dragged away by the police. Apparently they got in the country without passports and were selling fake gold and drugs to tourists. When will this refugee wave finally end?
Category: Greece

As Greece Denies, Germany Begins Greek Default Preparations ...

Literally seconds after the Greek finance ministry announce that any rumors of a Greek default over the weekend are absolute rubbish (we wonder who would admit such rumors?), we get the following from Bloomberg: ...

Why do you think Greece and Ireland faced a default on their debt?

What should be done to reduce vulnerability of the Euro zone countries to similar crisis in the future?
Category: Economics

Is it true that Greece is about to go to default?

I have read some articles that predicts Greece is about to go to default soon and will not pay at least half of its debt back. How would this effect the EU and USA?
Answer: LOWly & BEHOLD!...How some HUMANS brains are so far removed from Greece "Better to remain silent and be thought a fool than to speak out and remove all doubt" Mark Twain
Category: Greece

Do you think the European Union will let Greece default and exit from the Euro?

Answer: A stable currency like the Euro is what Greece needs so leaving the EU IMHO would not be a good move for Greece.
Category: Other - Europe

Greece defaults | Felix Salmon

Jul 21, 2011 ... The latest Greek bailout is done and it involves Greece going into selective default, which is, yes, a kind of default.

Greenspan Says Greece Default 'Almost Certain,' May Trigger U.S. ...

Jun 16, 2011 ... Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “ almost certain” and could help drive the U.S. economy into ...

The USA is about to default in its debt. Do you realize that puts it on the same boat as Greece and Iceland?

After that, the international bankers will have to take over the US economy. Which means youll never again be an independent nation. Are you ok with that?
Answer: Yes. I just wish the pro-welfare liberals were smart enough to know that.
Category: Politics