Re: how long before Greece defaults

2011-07-25 Thread Jerry Barnes
More on Greece: Greece rating cut by Moody's amid default warning Credit rating agency Moody's has cut Greece's rating, warning that a planned debt swap would constitute a default. The rating was cut another three notches from Caa1 to Ca - just two more notches shy of a default rating. "The a

Re: how long before Greece defaults

2011-07-22 Thread Sam
You're right, I was thinking since the accepted both... . On Fri, Jul 22, 2011 at 2:40 AM, Maureen wrote: > > Britain never gave in.  Their currency is, and is likely to remain, > the British Pound Sterling. > > On Thu, Jul 21, 2011 at 9:08 PM, Sam wrote: >> >> Was'n't the Euro established so

Re: how long before Greece defaults

2011-07-21 Thread Maureen
Britain never gave in. Their currency is, and is likely to remain, the British Pound Sterling. On Thu, Jul 21, 2011 at 9:08 PM, Sam wrote: > > Was'n't the Euro established so Germany and France could become super powers? > I know Britain resisted for a long time before they gave in, but yeah, >

Re: how long before Greece defaults

2011-07-21 Thread Sam
Was'n't the Euro established so Germany and France could become super powers? I know Britain resisted for a long time before they gave in, but yeah, it was a bad idea from the start. . On Thu, Jul 21, 2011 at 10:26 PM, Robert Munn wrote: > > regardless of why, greece has no life under the eur

Re: how long before Greece defaults

2011-07-21 Thread Jerry Barnes
"regardless of why, greece has no life under the euro. their obvious bailout is to exit the euro and compete globally with a lower currency, ditching the bad loans. so far the politicians are towing the line on the euro, but how long will that last?" That's the question. How long? It's amazing

Re: how long before Greece defaults

2011-07-21 Thread Robert Munn
regardless of why, greece has no life under the euro. their obvious bailout is to exit the euro and compete globally with a lower currency, ditching the bad loans. so far the politicians are towing the line on the euro, but how long will that last? On Thu, Jul 21, 2011 at 7:05 PM, Jerry Barnes w

Re: how long before Greece defaults

2011-07-21 Thread Jerry Barnes
"I guess the folks that put Greece into this mess didn't break any laws, so they get away scot-free while the general tax paying population pays the price for their failures (or personal victories)?" The government of Greece put Greece into this situation. The government borrowed too much money

Re: how long before Greece defaults

2011-07-21 Thread Vivec
I guess the folks that put Greece into this mess didn't break any laws, so they get away scot-free while the general tax paying population pays the price for their failures (or personal victories)? ~| Order the Adobe Coldfusion A

Re: how long before Greece defaults

2011-07-21 Thread Casey Dougall
On Thu, Jul 21, 2011 at 9:38 AM, Robert Munn wrote: > > Bye bye single currency: > > > http://www.telegraph.co.uk/finance/financialcrisis/8650929/Euro-reaches-eleventh-hour-as-Angela-Merkel-and-Nicolas-Sarkozy-hold-crisis-talks.html > > They may fashion a rescue package for now, but Greece is do

Re: how long before Greece defaults

2011-07-21 Thread Judah McAuley
I was expecting this: http://www.youtube.com/watch?v=IqhlQfXUk7w On Thu, Jul 21, 2011 at 4:33 PM, Andrew Grosset wrote: > > This brilliant 3 min video sums up the European situation perfectly: > > > http://www.youtube.com/watch?v=LyePCRkq620 > ~~~

Re: how long before Greece defaults

2011-07-21 Thread Andrew Grosset
This brilliant 3 min video sums up the European situation perfectly: http://www.youtube.com/watch?v=LyePCRkq620 ~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=h

Re: how long before Greece defaults

2011-07-21 Thread Jerry Barnes
"They may fashion a rescue package for now, but Greece is done for, they have to leave the euro and get their finances in order." I watch this with fascination. The protestors want their benefits and wages untouched regardless of whether the country has the resources or not. Sounds like a thre

how long before Greece defaults

2011-07-21 Thread Robert Munn
Bye bye single currency: http://www.telegraph.co.uk/finance/financialcrisis/8650929/Euro-reaches-eleventh-hour-as-Angela-Merkel-and-Nicolas-Sarkozy-hold-crisis-talks.html They may fashion a rescue package for now, but Greece is done for, they have to leave the euro and get their finances in orde