Will there be a Grexit?

[PurpleGorilla]

Enjoy your walk. Then go back to your cheap booze and flat screen TV. Pretend its not happening....

Flat booze and cheap TV - woop!

[BrilloPad]

Good time to be a borrower, especially a highly leveraged 'investor'. Particularly if the debt is fixed rate.

Also it may just be by memory short circuiting but there seem to be more and more 0% purchase rate credit cards on longer and longer time horizons.

Agreed! I don't see interest rate going up soon. The consensus seems to be that rates will rise in a years time - It has been that for 2-3 years now....

[PurpleGorilla]

Agreed! I don't see interest rate going up soon. The consensus seems to be that rates will rise in a years time - It has been that for 2-3 years now....

IR rises might not be the trigger. A really harsh winter spiking fuel prices, or something else could be the trigger. Could even be an IS attack...

[darmstadt]

It also speaks volumes for the competency of your precious EU in letting the Greeks in. I am pretty sure Goldman Sachs will have been "instructed" to get Greece "in shape" to join

Goldman Secret Greece Loan Shows Two Sinners as Client Unravels - Bloomberg Business

[BrilloPad]

Greece given last chance for 1,274th time

[Paddy]

5


...

[DodgyAgent]

Goldman Secret Greece Loan Shows Two Sinners as Client Unravels - Bloomberg Business

Your point is?

[jamesbrown]

Interesting development. Referendum on the bailout terms on Sunday (next week I guess?). IIRC, recent polling suggests about 70% in favour of staying in the EU/Euro at "all cost", but that isn't exactly the question being posed, even if it might be the implied question. Anyway, sounds like the chances of an agreement just increased, even if it's a bad one... we'll see.

[BlasterBates]

Basically it will be "do you mind retiring a bit later and paying a bit more VAT or would you prefer to lose all your savings".

[minestrone]

I'm quite tempted to try and pick up a cheap holiday to Greece for a couple of weeks.

Must be bargains galore at the moment. Just take a bundle of notes in case.