Will there be a Grexit?

[minestrone]

Who actually decided to close the banks?

Was it the financials or some sort of government edict?

[eek]

A stock market is an exchange where you can buy and sell shares in companies.

A share means that you partly own a company and you receive dividends which depend on the performance of the company.

If companies do well they can pay more dividends ...are you following ?

If exports are up this a sign companies are doing better, and this means the stock market goes up.

does it......

[minestrone]

FFS, can someone at the BBC tell Peston to get a haircut, shave and put on a tie.

[barrydidit]

FFS, can someone at the BBC tell Peston to get a haircut, shave and put on a tie.

His wife died - the scruffy look is gonna stay. Frankly you're lucky he's got trousers on.

[jamesbrown]

FFS, can someone at the BBC tell Peston to get a haircut, shave and put on a tie.

Can someone at the BBC just give him his PFO slip? I struggle to think of a more irritating self-caricature. Peston on, volume off.

[pjclarke]

Analysis

Joe Stiglitz adds his tuppance Joseph Stiglitz: how I would vote in the Greek referendum | Business | The Guardian

and Steph Flanders has a nicely readable analysis for economic newbies like me ... http://blogs.ft.com/the-exchange/201...investors-too/

Finally, I recall a couple of nuggets I retained from reading the Greece chapter in Michael Lewis's book Boomerang, one was that it was cheaper for Greeks to travel by taxi than by train, infrastructure costs were so high and the other that the Greeks were so desperate to get into the Euro that they actually lied about their key economic ratios. The first is probably hyperbole, but the second seems to be the case ... from 2011

Doubts about Greece’s fiscal responsibility gained ground after the government of Costas Karamanlis in 2004 disclosed that its socialist predecessor had cheated on its euro-entry exam in 2000. The country was able to enter the currency bloc after claiming its deficit was less than 1 percent of gross domestic product, well within the bloc’s 3 percent threshold.

European Commission reports have since revealed Greece’s budget hasn’t been within the 3 percent limit a single year since its accession

The commission this month estimated Greece’s 2011 budget shortfall will be 9.5 percent on debt of 158 percent of gross domestic product, more than twice the EU’s limit of 60 percent. Its debt burden will continue to swell to 166 percent in 2012 without policy changes, according to the commission.

Greece

today's debt is 180% of GDP. It will all end in . I think it will be close but the vote will be a 'No' followed by

[pjclarke]

Can someone at the BBC just give him his PFO slip? I struggle to think of a more irritating self-caricature. Peston on, volume off.

Just offer him a cold chicken sandwich after a day's filming ....

[pjclarke]

PS Is it cheaper to put Greek train passengers in taxis? - BBC News

[BrilloPad]

Please hurry up and put the poor thing out of its misery.

They shoot horses don't they?

[minestrone]

I think there will be a deal.

If there is please someone put me out of my misery.