RED ALERT....GREEKS out of Cash......about to walk out the Euro?

[Mega]

http://www.businessinsider.com/greec...ng-euro-2011-5

Don't let the door hit you in the ass!
Mike

[makimanos]

Re: RED ALERT....GREEKS out of Cash......about to walk out the Euro?

Greece, the broken EU link or the golden goose for speculators with an press knowledge?

[Shakespear]

Re: RED ALERT....GREEKS out of Cash......about to walk out the Euro?

So, Germany has had enough of the Grand Plan of Europe? Nahh, it will be modified but easy access to markets has been achieved

[thunderdownunder]

Re: RED ALERT....GREEKS out of Cash......about to walk out the Euro?

Fanny Mae has been a bad girl as well. She keeps spending at the casino of real estate but her daddy is wealthy so she keeps tapping him for a little more.
http://finance.yahoo.com/news/Fannie...&asset=&ccode=
The Southern European Girls are no different. Daddy Germany and Mommy France have invested their hard work and providence in those offspring. Harsh words will be spoken but in the end what do you do as parents. You give in and hope they learn a lesson

[gnk]

Re: RED ALERT....GREEKS out of Cash......about to walk out the Euro?

France and Germany (more so) are far from being the responsible parents. How do you think their exports grew all these years? Their banks lent irresponsibly, they devalued the Euro that created a bubble in the periphery in the early 2000s, and now they have their own banking mess. German banks are the most leveraged in Europe - they were worse than Wall Street banks. The bailouts are just as much geared to those banks as they are geared towards those governments in the periphery.

But that story is never told. We prefer the "responsible/irresponsible" country narrative. Germany, in my opinion, has a mercantilist policy towards Europe - much like the US and South America.