The Trigger is about to be squeezed

[thunderdownunder]

Not many understand the very large problems that plague this country.
so I will just say you should be very afraid of what is coming in 3 months. 6 weeks to light the fuse then 6 weeks before the hammer comes down fully.

http://www.ft.com/cms/s/0/4ae7b1e2-e...44feab49a.html

http://www.nytimes.com/2009/12/15/wo.../15greece.html

http://www.nytimes.com/2009/12/12/wo.../12greece.html

A Socalisist Government that must act on what amounts to an Austerity program will be as welcome as a trigger happy policeman against a 15 year old.
P.S I listened to the news in Greek with my Greek friends and they ALL said the body language was frightening. (my Greek is weak but even I was frightened with the hard line tone)
So I added this

http://www.economicpopulist.org/cont...idnight-athens

Its not over Chaps just warming up. The cradle of the World will drop a very large stone into the "Calm Pools" of the World economy.
Well thats my studied opinion !!

And just so you are not to smug about it ------------ UAE was offered yesterday a "Cup of Sugar" by its neighbor ------------
You just know your F%&#D when you say OK I need it. Have you ever borrowed a Cup of Sugar from a Neighbor????
How embassiment

[GeraldRiggs]

Re: The Trigger is about to be squeezed

I don't really see what all the fuss is about here. The EU will bailout Greece and we'll all move on to another "hot" issue. I'm not saying that fixes the problem, it just "kicks the can" down the road a bit. Just like we've done here in the good ole USofA.

[medved]

Re: The Trigger is about to be squeezed

I don't really see what all the fuss is about here. The EU will bailout Greece and we'll all move on to another "hot" issue. I'm not saying that fixes the problem, it just "kicks the can" down the road a bit. Just like we've done here in the good ole USofA.

1. This will be the first sovereign default of a western democracy.
2. It will open a big can of worms inside EU, bailing out Greece is not quite the same as US gov't bailing out AIG.
3. If this default is somehow swept under the rug, defaults in Eastern Europe will follow and everybody will be asking for bailouts.
4. $US will get stronger (maybe, forex market already anticipates it).

[Mega]

Re: The Trigger is about to be squeezed

Bring back the German mark............if only a German had tried to "Union-fry" Euroland.......oh yes he did.

Mike