Greek default in the next two weeks?

[doodab]

Greece's next 8bn tranche of bailout money was approved last week by eurozone leaders, but only for payment in mid-November.

However, the Reuters news agency reported a source on the board of the International Monetary Fund as saying that the payment will be postponed until after the referendum - something that is not expected until January.

The Greek government has previously stated that it would run out of cash before then to fund its spending - which would include payments on its debts.

It looks like this referendum could be somewhat moot.

[suityou01]

It looks like this referendum could be somewhat moot.

Not sure how long it is until they run out of money. When was the previous bailout, you know the one before the last one. If we could work out the mean time between bailouts, and then add that on to the last bailout date we could possibly answer your question.

[Churchill]

Oh well, tulip happens.

[suityou01]

Oh well, tulip happens.

tulip is right mate. And the fans are turned on and running at full chat.

The big question is who gets splattered. If Greece's exit from the euro is as messy as I think it will be they will take Italy and Portugal with them (in the long run).

Cue the age of the banking collapse, credit crunch 2 and potentially fairly ugly scenes on OUR streets and it is not just another tulip happens moment. This is gonna hurt.

[Churchill]

tulip is right mate. And the fans are turned on and running at full chat.

The big question is who gets splattered. If Greece's exit from the euro is as messy as I think it will be they will take Italy and Portugal with them (in the long run).

Cue the age of the banking collapse, credit crunch 2 and potentially fairly ugly scenes on OUR streets and it is not just another tulip happens moment. This is gonna hurt.

Don't talk sh!te. It's a minor blip. Life will still go on. People still need to trade, eat, wear clothes, buy petrol, go to work, scholl etc.

[suityou01]

Don't talk sh!te. It's a minor blip. Life will still go on. People still need to trade, eat, wear clothes, buy petrol, go to work, scholl etc.

[doodab]

Not sure how long it is until they run out of money. When was the previous bailout, you know the one before the last one. If we could work out the mean time between bailouts, and then add that on to the last bailout date we could possibly answer your question.

I believe they have €2bn due on the 11th, another €4bn in December and another €4bn in January.

[MarillionFan]

Not sure how long it is until they run out of money. When was the previous bailout, you know the one before the last one. If we could work out the mean time between bailouts, and then add that on to the last bailout date we could possibly answer your question.

Well work out how long it takes for you to run out of money buying cream cakes and then extrapolate for Greece.

[BlasterBates]

You can understand the Greeks protesting after all they are going to raise the retirement age to 65.They're also not going to replace civil servants who retire, and they will have to pay a bit more tax.

So basically they have a choice, either they accept this, which obviously isn't nice, or they end up still being able to retire at 61, keep their public sector jobs and receiving IOU's from the Government.

[suityou01]

Well work out how long it takes for you to run out of money buying cream cakes and then extrapolate for Greece.

How's the diet going btw? Still over 21st?