Greece Defaults

[eek]

The common currency is fast becoming the biggest financial disaster in peacetime since <pick your own date from long ago>.

The introduction of the corn laws would be my guess. Although as that did benefit some people I don't think it counts.

[doodab]

No I mean they have already done so and should not need to again, whereas if Greece goes bust, the French banks will have to be.
AFAIK British banks are not as exposed to Greece as the French and so should not need further recap. But who the fook knows?

I expect the British banks will be slightly exposed to the French banks, and one shouldn't forget all that money made from credit derivatives probably came with an element of risk as well. It's hard to tell whether that will have much of an impact or not though, there don't seem to be any relevant published figures.

[MarillionFan]

Rightio. I'm back in cash.

Come out of the Euro you tax evading salad dodgers.

[doodab]

Sounds like the nuclear option is being floated.

BBC News - Commission president Barroso to put forward eurobonds

United states of Europe by 2020. You heard it here first. I think it's a great idea personally.

[Churchill]

Rightio. I'm back in cash.

Come out of the Euro you tax evading salad dodgers.

That's good then.

Do be sure to let everyone know when you go for a crap, there's a good boy.

[Le Rosbif]

Sounds like the nuclear option is being floated.

BBC News - Commission president Barroso to put forward eurobonds

United states of Europe by 2020. You heard it here first. I think it's a great idea personally.

I'm looking forward to see the interest rates on these bonds... probably going to be huge

[MarillionFan]

That's good then.

Do be sure to let everyone know when you go for a crap, there's a good boy.

I just have. And there you are.

[sasguru]

Sounds like the nuclear option is being floated.

BBC News - Commission president Barroso to put forward eurobonds

United states of Europe by 2020. You heard it here first. I think it's a great idea personally.

Unless you ride roughshod over the wishes of most Europeans, including Germans, they're not going to happen. Or not in time.
Constitutionally and politically unacceptable in germany after the recent court ruling.
I reckon the doom will happen before they can implement even a half-baked solution.

PS why is it a good idea? Clearly it would be good for Greece if the Germans guarantueed their debt. It would be a terrible idea for the Germans though

[TimberWolf]

Would a second Greek bailout do the trick, or will it be an annual crisis?

[Lockhouse]

Whatever happens, it is uncharted territory - which makes it all quite interesting seeing history being made.