Its ON!............Greek Bank Runs/Capital controls!

[Mega]

http://www.zerohedge.com/article/gre...ntrol-measures

Mike

[ASH]

Re: Its ON!............Greek Bank Runs/Capital controls!

http://www.zerohedge.com/article/gre...ntrol-measures

Mike

No, no. That Greek thing was all sorted weeks ago. "Go f*ck yourself" is German for "We will arrange funding measures by which German state banks, in cooperation with France and other leading EU economies, purchase sufficient Greek sovereign bond issues to stabilize yields and restore confidence in monetary union."

And in Greek, "Go f*ck yourself" means "Upon reflection, we see that our system of generous state pensions with low retirement age is out of line with the rest of Europe, and appreciate the need to accept a major reduction in entitlements to meet our obligations to our EU brothers, and balance our national budget."

[Mega]

Re: Its ON!............Greek Bank Runs/Capital controls!

Capital fight, your cleared for take off!
http://www.guardian.co.uk/world/2010...-billions-debt
Mike

[sunskyfan]

Re: Its ON!............Greek Bank Runs/Capital controls!

Can you say Greekafornia?

[ASH]

Re: Its ON!............Greek Bank Runs/Capital controls!

Can you say Greekafornia?

Yet another prime example of how harmonious politics fostered by mutual trust and good will amongst all interested parties will lead to rapid and tidy resolution of any fiscal difficulties. What a relief it is to know that all these budgetary problems will soon be behind us!

[Fiat Currency]

Re: Its ON!............Greek Bank Runs/Capital controls!

Capital fight, your cleared for take off!

Yes - somebody thinks they can put out a "Greece Fire" with water. :eek:

Capital flights, capital controls, workstopages, increasing taxes ... the "sportiness" is slowly starting to ramp up now

Cracking the Whip 98x98.gif

[bcassill]

Re: Its ON!............Greek Bank Runs/Capital controls!

No, no. That Greek thing was all sorted weeks ago. "Go f*ck yourself" is German for "We will arrange funding measures by which German state banks, in cooperation with France and other leading EU economies, purchase sufficient Greek sovereign bond issues to stabilize yields and restore confidence in monetary union."

And in Greek, "Go f*ck yourself" means "Upon reflection, we see that our system of generous state pensions with low retirement age is out of line with the rest of Europe, and appreciate the need to accept a major reduction in entitlements to meet our obligations to our EU brothers, and balance our national budget."

OMG, I laughed so hard when I read this I almost started crying. :p

[ASH]

Re: Its ON!............Greek Bank Runs/Capital controls!

No, no. That Greek thing was all sorted weeks ago.

Things continue to go smoothly.

One banker said the situation was surreal. "How can they call the Germans incompetent Nazis and still expect a bail-out?"