Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘European Central Bank’

… The Situation with the Euro is Getting Dangerous [#a game of Chicken]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. maybe Dr. Doom [Nouriel Roubini] is off of his game ..

.. maybe not .

.. the Greeks are testing the limits of the Eurozone system . No , they do not want to be kicked out of the Euro . Not without good reason . However , the Greeks feel that the austerity package that they are being forced to endure is intolerable . The debt load is accelerating , and the amount of austerity that Athens is forced to endure is becoming intolerable …

.. [h/t — Newsmax.com]..
.. [link] to the blog post …

.. The Germans are a patient people . They have rebuilt their fiscal reputation on being conservative and being very patient . Patience has its limits , though . Germany may feel that it may not be worth having Greece in the euro any longer , at some point . The question is , where is that point , and who makes the call ??

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… Greece is Now in Real Trouble [#the Euro]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. the I.M.F. walking out of talks is not good ..

.. but neither is giving Greece more debt in order to pay off previous debts . That just does not make any sense at all . Extending the maturities will not do enough …

.. [h/t — FinancialTimes.com]..
.. [link] to the blog article …

.. You have to reduce the amount of principal , and , if possible , the interest rates , as well . Greece does not really merit a reduction in the interest rates , though . The principal reduction should do the job ..

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… The ObamaCraps should Not Meddle [#Greece]…

Posted by paulfromwloh on Thursday,June 16th,2016

.. those idiots in the ObamaCrap White House should know better . They have a hard enough time understanding our economy as it is . Now they are trying to meddle elsewhere . Yes , it is bound to get them into trouble …

.. the Europeans and Greece are having a hard enough time settling their own affairs as it is . The Euros keep piling more and more debt on the Greeks , instead of writing it off . The Greeks cannot pay what they have to pay now . one cannot expect them to pay more ..

.. [h/t — Newsmax.com]..
.. [link] to the blog column ..

.. yet the ObamaCraps are leaning on the Euro institutions and the I.M.F. . They want them to ” take it easy ” on the Greeks . That is hardly a way for the Greeks to pay off a manageable amount of debt , much less their current load . However , it is the Euros business to settle , not ours . It is not the place of the ObamaCrap White House and His Lordship to stick their noses in wheat is not their affair …

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… Financial instability in the Banks is Going to Drive This [#Greece][#financial crisis]…

Posted by paulfromwloh on Friday,January 1st,2016

.. it is the instability of the financial system , and that of the banks , which is going to drive this financial crisis …

.. why ? the outflows from the banks . The banks cannot sustain this for very long . With that comes pressure on the Greek Government from ” behind its lines …”

.. [h/t — Reuters.com]..
.. [link] to the blog news post ..

.. the Euro carries a deep well of popular support . It is a great deal more than the Greek drachma ever has had . So , it is in the Greek Government ‘ s interest to eventually make a deal …

— [update] — that it did .. the crisis was eventually settled after a  couple of weeks , but at a high cost .. several major Greek banks collapsed as a result of this brawl … also , Syriza [Greece ‘  s  current governing majority party] may well have won a majority again at an  election , but they  have the task  now of reviving  the economy ..

.. the business community will not be happy with radical leftists at the controls . They will be the ones picked on by the government for tax revenue .. Well , the business will not  be too  cooperative with investment unless Syriza agrees to play ball on spending ..  the EU and the ECB should be of help …

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… Greece is Losing Its Fight [#the Euro]…

Posted by paulfromwloh on Sunday,July 12th,2015

.. the Greeks have done quite a bit to fix things ..

.. but they still have major problems with their ” friends ” in the Eurozone : …

.. [-] finance — their level of debt climbs ever higher . They never seem to change enough ..

.. [-] sustainability — the Greeks do not seem to be able to hold in with their reform programme for the long term . The frequent changes in government do not help …

.. [-] trust — Greece is not trusted by the powers – that – be in the Eurozone . These folks feel that no matter what they do , Greece is doomed ..

.. [h/t — Newsmax.com]..
.. [link] to the blog post ..

.. so Greece is still in deep , deep trouble …

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… the Greeks are Insane [#EuroExit]…

Posted by paulfromwloh on Saturday,July 11th,2015

.. I think that Greece has gone mad ..

.. I also think that the E.U. has been mature about all of this . They have offered to help Greece , but the Greeks have been grossly immature about all of their finances . The E.U. has been the adult in the room , and has not blinked ..

.. to be honest , if they want the Euro to have a good reputation and a solid future , they cannot afford to blink ..

.. [h/t — DailyTelegraph.co.uk]..
.. [link] to the blog post article ..

.. Greece thinks that the E.U. will blink . I believe that the E.U. will not blink ..

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… Greece is Hanging on the Precipice [#financial disaster]…

Posted by paulfromwloh on Tuesday,June 30th,2015

.. Greece could soon be on its own , without the help of the E.U. …

.. I think that the E.U. has reached the end of the line with Greece . They have negotiated and manuveured with the Tsipras Government , but to no avail . Now the Greeks have set forth a July 5th referendum on the reforms that the E.U. wants Greece to adopt . So , what happens now …

.. [h/t — Newsmax.com..]
.. [link] to the blog post …

.. at the least , Greece will be in default to the I.M.F. . This is a situation that will be unprecedented in international finance . It is a very good question about what the I.M.F. is going to do about it …

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