Reply to: These Greek talks with their creditors

[AtW]

One that generates worthwhile profits

Define "worthwhile" and define "profits".

[Bunk]

It was a quote from a movie?

Yes, but Joe Pesci was scary. You actually are funny like a clown, so it doesn't work as well.

[sasguru]

Define "real".

One that generates worthwhile profits

[AtW]

Typical techie. You're not running a real business are you, just a little hobby.

Define "real".

[sasguru]

Going back to coding now - need to finish one breakthrough project that will take SKA to a completely new level ...

Typical techie. You're not running a real business are you, just a little hobby.

[Doggy Styles]

It was a quote from a movie?



Going back to coding now - need to finish one breakthrough project that will take SKA to a completely new level ...

No, I made it up. Perhaps I should be a script-writer.

[AtW]

Don't take it so, AtW, everyone loves you on here.

It was a quote from a movie?



Stupid investors who bought Greek debt will lost big part of their money - that's the way things happen with bankrupt companies, they should be lucky to get even 30% of invested amount.

Going back to coding now - need to finish one breakthrough project that will take SKA to a completely new level ...

[Doggy Styles]

Are you saying I am funny?

I mean, let me understand this cause, ya know maybe it's me, I'm a little ****ed up maybe, but I'm funny how, I mean funny like I'm a clown, I amuse you? I make you laugh, I'm here to ******' amuse you? What do you mean funny, funny how? How am I funny?

Don't take it so, AtW, everyone loves you on here.

I made that comment because you completely miss the point, I suspect deliberately, and jump from one argument to another.

I think it's funny because debating with you is like juggling with soot! It's like playing one of those fairground games where a head pops up out of one hole but, however much one tries, one can't quite hit it with the hammer before it ducks back down and pops up somewhere else!

In this case, I said that some pension funds would be at risk from the actions that you proposed, and your answer to that? Pension funds should have never invested into Greek bonds. Which is no answer at all.

Leaving aside the fact that pension funds are a big market of bonds (otherwise they wouldn't all be sold and the Greeks would find it even harder to borrow), the point is that some pension funds do have Greek bonds, that's where we are now, and that's got to be considered.

The other point in your reply was that you have ignored the point about Greek deficit and talked about restructuring debt. If you wiped out all Greek debt tomorrow they would still have to borrow, to make up that deficit. And if non-one lent the Greeks any money for a very long time as you projected, they'd soon be living in caves. It's the deficit that needs to be addressed.

I expect an argument now about the pros and cons of caves.

[sasguru]

What do you mean funny, funny how? How am I funny?

The fact that an ignorant, inept simpleton, in any topic other than coding, has become an MD, i personally find hilarious.


HTH

[DodgyAgent]

Need 2 references, innit?

I've got 2 million references on my database for sale if you are interested.

[AtW]

Have you applied for that shotgun licence yet?

Need 2 references, innit?

[DimPrawn]

Are you saying I am funny?

I mean, let me understand this cause, ya know maybe it's me, I'm a little ****ed up maybe, but I'm funny how, I mean funny like I'm a clown, I amuse you? I make you laugh, I'm here to ******' amuse you? What do you mean funny, funny how? How am I funny?

Have you applied for that shotgun licence yet?

[AtW]

FFS!

But you are entertaining!

Are you saying I am funny?

I mean, let me understand this cause, ya know maybe it's me, I'm a little ****ed up maybe, but I'm funny how, I mean funny like I'm a clown, I amuse you? I make you laugh, I'm here to ******' amuse you? What do you mean funny, funny how? How am I funny?

[Doggy Styles]

Pension funds should have never invested into Greek bonds, well maybe unless they are Greek pension funds but that's their problem. Btw, show me stats that majority of that debt is owned by pension funds outside of Greece.

Basically Greece can't repay and it's a question how debts would be restructured - they are going on and on talking when they should have defaulted already and get on with rebuilding, of course nobody would lend them any money for a long time but with these debts cleared out they won't need that money to roll over older debts.

FFS!

But you are entertaining!

[AtW]

Firstly much of those existing debts are pension funds, which millions depend on, and what you are advocating is not punishment for banks, but weakening of pension provision.

Pension funds should have never invested into Greek bonds, well maybe unless they are Greek pension funds but that's their problem. Btw, show me stats that majority of that debt is owned by pension funds outside of Greece.

Basically Greece can't repay and it's a question how debts would be restructured - they are going on and on talking when they should have defaulted already and get on with rebuilding, of course nobody would lend them any money for a long time but with these debts cleared out they won't need that money to roll over older debts.