Doomed! - The worst shock to the European economy is yet to happen

[DimPrawn]

..too negative.

Here's a Greek stock I bought just two months ago:

Motor Oil

paid a 10% dividend and then went up 40% ......

he who dares

Yep, buy when there's blood on the streets, sell at the bailout.

[Ignis Fatuus]

You may be right. Frankly I think it'll be better to accept that Greece will need to be subsidised by the rest of Europe just to maintain a stable state that doesn't decline into anarchy and then a military or nationalist coup, and explain that to the masses. There's hope for Italy because despite the mess that is the Italian government, they have some outstanding businesses, especially SMEs. Spain and Portugal; dunno.

Arguably it is Germany that has been subsidised up till now, in that the Latins have been duped into having an expensive currency, which they then use to buy German goods that they can't really afford. So the Germans get the exports without which they wouldn't be doing so well.

I suspect the PIIGS governments joined the Euro because they thought it was a cheap ticket into the Deutschmark. Actually it was a cheap ticket out of the Deutschmark for Germany.

The solution to the Euro crisis is not for Greece to leave the Euro, but for Germany to leave it.

[eek]

Can anyone be bothered to dredge up the 6 month old post where you previously spouted nonsense on Greek euro doom

Nope, but a broken clock is right twice a day, so if Sasguru keeps posting he will be right eventually.

What about AussieLong? I find it incomprehensible that he will ever be right about anything. Being Australian you couldn't even trust him to pick a decent Beer.

[ELBBUBKUNPS]

So assuming this does happen, if you were an investor what would be good investments to make some money out of it going t*ts up, equities, gold, currency ?

[Mich the Tester]

So assuming this does happen, if you were an investor what would be good investments to make some money out of it going t*ts up, equities, gold, currency ?

better advisors than you'll find in here

[eek]

better advisors than you'll find in here

Atw would saw a shot gun. Depending on the size of the mess he may be right

[MyUserName]

So assuming this does happen, if you were an investor what would be good investments to make some money out of it going t*ts up, equities, gold, currency ?

Bombs, bullets and bandages?

[eek]

One thing that is impressive is the length of time the EU have continued to successfully kick the can down the road*

*Assuming you ignore the human misery its inflicted on the affected countries.

[doomage]

One thing that is impressive is the length of time the EU have continued to successfully kick the can down the road*

*Assuming you ignore the human misery its inflicted on the affected countries.

It's a bit like the England/Poland match the other night; the game was obviously over but no one (on the European side) wanted to call it.

[OwlHoot]

If it's any consolation, China are really feeling the pinch too :

China's economy has slowed for a seventh quarter as problems in Europe and the US hurt demand for its goods.

The annual rate of growth was 7.4% in the third quarter, down from 7.6% in the previous three months.

But it isn't all bad news:

However, there were signs that the world's second-biggest economy was now stabilising and rebounding.

Phew