These Greek talks with their creditors

[sasguru]

Portugal sold short term bonds at reduced interest rates a couple of days ago, this supposedly bankrupt state can raise money on the open market. Spain and France have just had their long term bonds over subscribed and it looks highly likely that Greece will conclude a deal on it's bonds meaning it will have been relieved of a significant portion of it's debt. If this were to be seen as unlikely there's no way Spain could have raised a significant amount today.

I'm afraid the Euro doom exists mainly in the minds of Daily Telegraph readers...

Market contradicts Daily Telegraph Euro fantasies

Who's buying these bonds though? The ECB through its massive injection of liquidity to the banks.

Years ago when I was a stuident I shared a house with a German who didn't like the mess we made in the kitchen. So she used to take our washing and hide it under the sink.
The kitchen looked sparkling apart from the horrendous mess hidden away.


This reminds me of the German solution to this crisis, pretend it doesn't exist and hide it away via the ECB

[doodab]

Who's buying these bonds though? The ECB through its massive injection of liquidity to the banks.

Years ago when I was a stuident I shared a house with a German who didn't like the mess we made in the kitchen. So she used to take our washing and hide it under the sink.
The kitchen looked sparkling apart from the horrendous mess hidden away.

This reminds me of the German solution to this crisis, pretend it doesn't exist and hide it away via the ECB

When I had to deal with that problem I put it into people's beds. They soon started toeing the line.

[DimPrawn]

Thank god we are okay, that's all I've got to say...

Britain's debt addiction means we now owe 500% of GDP and face a decade of austerity | Mail Online

[BlasterBates]

Who's buying these bonds though? The ECB through its massive injection of liquidity to the banks.

Years ago when I was a stuident I shared a house with a German who didn't like the mess we made in the kitchen. So she used to take our washing and hide it under the sink.
The kitchen looked sparkling apart from the horrendous mess hidden away.


This reminds me of the German solution to this crisis, pretend it doesn't exist and hide it away via the ECB

You really are clutching at straws, the problem is hidden now oh how convenient, that means you can spin the yarn ad infinitum, presumably you'll be saying next it's a longterm problem

What happened to the death spiral of yields going up out of control? love to hear that one

[sasguru]

You really are clutching at straws, the problem is hidden now oh how convenient, that means you can spin the yarn ad infinitum, presumably you'll be saying next it's a longterm problem

What happened to the death spiral of yields going up out of control? love to hear that one

So according to you there isn't a problem and the EU is in tip-top economic condition?

[The Spartan]

What did they expect to be honest the Greeks lied to get into the euro they're not the most efficient when it comes to getting taxes from their people either, Greece is almost as bad as Italy where when it comes to tax evasion there I believe it's more or less a national sport.

[Doggy Styles]

What did they expect to be honest the Greeks lied to get into the euro they're not the most efficient when it comes to getting taxes from their people either, Greece is almost as bad as Italy where when it comes to tax evasion there I believe it's more or less a national sport.

Precisely. That's just one of the reasons why the decision to launch a common currency was bizarre.

Surely the Europhiles didn't really expect everyone to start running their economy exactly the same? Impossible! Every country has different industries, different attitudes, different efficiency.

[AtW]

1) 18 billion is chump change in country finance terms, and Greece doesn't have it?

Only if you print money like BoE does - euro zone imposes controls that help ensure that inflation remains low.

Personally I think Greece should default and be done with it - remain in euro zone of course.

[AtW]

Who's buying these bonds though? The ECB through its massive injection of liquidity to the banks.

Why won't you ask the same question UK Govt and BoE? Surely it's far more relevant to those who live in the UK than what happens in a far far away countries?

[sasguru]

Only if you print money like BoE does -.

Oh look it's the cretin MD. And what do you think the ECB is doing?

Temporary Respite: Why ECB's Tricks Won't Solve the Crisis - SPIEGEL ONLINE - News - International

The Euro declined against the pound by 5% over 2011. I wonder what will happen now that the ECB is printing money.