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  • Germany believes euro zone could cope with Greece exit: report

    From reuters.com

    The German government believes that the euro zone would now be able to cope with a Greece exit if that proved to be necessary, Der Spiegel news magazine reported on Saturday, citing unnamed government sources. Both Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential Greece exit manageable, Der Spiegel reported. "The danger of contagion is limited because Portugal and Ireland are considered rehabilitated," the weekly news magazine quoted one government source saying. In addition, ... (full story)

Awesome. First we gave them billions for pretty much 0 warranty and now we will let them go. Wonderful job. Greece will applaud to that.
I suspect thats why euro fell from the middle of December. Some insiders had known this and massively sold euro. Why GBP start fell so sufficient this year? Any fundamental factors? I don`t see. Anticipated elections Independence of Scotland this year? Or anticipated sanction against BP due to being involved in Russian oil and gas industry? What else? Exit from Eurozone to reduce pressure for economy? Who knows...insiders knows, we don`t. We just can analyze, continue short GBP on market breath and wait for news like this.
Quoting Sunnyland
I suspect thats why euro fell from the middle of December. Some insiders had known this and massively sold euro. Why GBP start fell so sufficient this year? Any fundamental factors? I don`t see. Anticipated elections Independence of Scotland this year? Or anticipated sanction against BP due to being involved in Russian oil and gas industry? What else? Exit from Eurozone to reduce pressure for economy? Who knows...insiders knows, we don`t. We just can analyze, continue short GBP on market breath and wait for news like this.
GBP will continue to fall until the elections are out. Right now, all election opinion polls leads to a coalition or an outright win for UKIP.

Reg. Euro, they should all be awarded oscars for best actors awards. Its all manufactured crisis. Wait and watch for Syriza to go soft on austerity if they win.. or expect an climactic win for Samaras.
that's what Greece should have done in the first place, go out and have a currency devaluation, possibly endure some inflation for the benefit of job creation and have their economy rolling again. Turning this economy solely on the virtue of austerity and institutional reforms will never happen unless Germany could somehow find a way to impede on Greece sovereignty and dictate their fiscal policies. Most people wont vote themselves out of a job even if it is for the greater good...

At the time Germany seemed forced to bail them out because of the so called contagion risk that would have sent the cost of national debt through the roof in many countries. But at this point, with other countries not in need of urgent financial help the currency block can throw the towel, cut the losses and move on. It will be better for everyone IMHO...
It's not about what you make, it is about what you don't lose
Quoting aceventura69
that's what Greece should have done in the first place, go out and have a currency devaluation, possibly endure some inflation for the benefit of job creation and have their economy rolling again. Turning this economy solely on the virtue of austerity and institutional reforms will never happen unless .
Endure some inflation? Did you ever experimented buy a bread with a bag of money, if not shut up, the inflation is the ultimate way of stealing the population money by the corrupt government, job creation, that is just a story for the stupid, unless you make something to export you will be working for worthless paper.

It took 15 years for my country to get some trust in their currency and its banking system, also do you think that exiting the euro will make all those bounds they have to pay back will go away?
Quoting spike00spieg
inflation is the ultimate way of stealing the population money by the corrupt government,
True!
But don't tell him to shut up! Someone from a mainly honest nation, with relatively decent government can't even imagine what an economy is where the people are liars, thieves, swindlers.
Greece is Greece, Drachma or Euro. Germany can't help, sly people will abuse and steal everything.
Quoting Pipaddiction
Awesome. First we gave them billions for pretty much 0 warranty and now we will let them go. Wonderful job. Greece will applaud to that.
those who really know what is happening in the Eurozone the past few years know that all the money given to various governments through the latest crisis (to Greece too) did not stay to these countries' people as you obviously imply, but for keeping safe a handful of banks such as Deutsche Bank (mainly) + french and uk similar institutions.

You are also entirely incorrect regarding warranties, google, find and learn.

Please, try to be informed before posting bs in a multinational site as this one.
the approximate present does not approximately determine the future
Well the point of exiting the euro is to make exportation cheaper to the rest of the world, usually the reach of politician is not omnipresent, some price mechanism are left intact but if corruption is as deeply entrenched as you guys say then a debate on economic policies is probably futile, maybe it will have to get worst before it gets better, I dunno, I have to admit that socio politic stuff is out of my depth
It's not about what you make, it is about what you don't lose
They say they want democracy. Now the Greek people democratically decide that it is Syrisa and another regimen they need, and from Washington to Berlin they are threatening the very creators of democracy. What a bunch of corrupt hypocrits, sold to Banksters, Warmongers & Co!
Patience is magic
Quoting aceventura69
Well the point of exiting the euro is to make exportation cheaper to the rest of the world,
A grexit would mean the ECB will not any longer have their back which means yields on government bonds will skyrocket and a default will be imminent.

This is the main reason countries of the periphery will never leave the EZ voluntary. For this to happen we need another Lehman event.
This has all been carefully orchestrated. Corrupt foreign banks from countries like Germany lend to corrupt Greek politicians (as well as corrupt politicians from other countries). Then the people are vilified as lazy thieving criminals and asked to pay it back via austerity measures. Why pay back loans to corrupt banks who have failed to do due diligence? Because due diligence was done and the banksters gave the politicians all they wanted and more on top.

Now Syriza gets in (who funds these Commies except the banksters themselves), the euro is dropped, the currency deflates and Greek assets which include trillions of dollars in oil reserves in the Aegean are bought for pennies on the dollar.

Arrest all banksters who made loans to Greek politicians and arrest all Greek politicians who accepted such loans. Reset the whole Greek political scene with new blood.
Quoting Macdon
This has all been carefully orchestrated. Corrupt foreign banks from countries like Germany lend to corrupt Greek politicians (as well as corrupt politicians from other countries). Then the people are vilified as lazy thieving criminals and asked to pay it back via austerity measures. Why pay back loans to corrupt banks who have failed to do due diligence? Because due diligence was done and the banksters gave the politicians all they wanted and more on top.

Now Syriza gets in (who funds these Commies except the banksters themselves), the euro...
Totally Agree with your comments 100%!! Finally i read something on this forum that makes sense. Greece has massive oil & gas reserves which you do not here any news about. Wouldnt suprise me if a secret deal has already been formulated by countries outside Greece.
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[quote=Macdon;797265mind is has all been carefully orchestrated. Corrupt foreign banks from countries like Germany lend to corrupt Greek politicians (as well as corrupt politicians from other countries). Then the people are vilified as lazy thieving criminals and asked to pay it back via austerity measures. Why pay back loans to corrupt banks who have failed to do due diligence? Because due diligence was done and the banksters gave the politicians all they wanted and more on top.

Now Syriza gets in (who funds these Commies except the banksters themselves), the euro is dropped, the currency deflates and Greek assets which include trillions of dollars in oil reserves in the Aegean are bought for pennies on the dollar.

Arrest all banksters who made loans to Greek politicians and arrest all Greek politicians who accepted such loans. Reset the whole Greek political scene with new blood.[/quote]
Kudos to a sharp mind that can be challenged with the question: Can that already stolen from Greece & Cyprus is the "around the counter" oil that is creating the oversupply?
Quoting Guest
Kudos to a sharp mind that can be challenged with the question: Can that already stolen from Greece & Cyprus is the "around the counter" oil that is creating the oversupply?
So you're saying oil and gas are worthless? That's essentially what you're saying? Think about what you're saying before you post in an international forum.

George Soros in an interview with the German “Der Spiegel” magazine admits that Greece can not repay its debt under any current or future economic conditions and proposes that the only way for Greece to make up for it is to give away its hydrocarbon resources.

Greece (and other countries) have been economically hit by vicious economic hitmen like the aforementioned "gentleman".
I can't find enough space for all the brackets I wish tu put on this """"gentleman""""" He is the financier behind the destruction of Libya, for which we are yet to see the benefits, probably after the disasters in all the neighbouring countries.

Quoting Macdon
So you're saying oil and gas are worthless? That's essentially what you're saying? Think about what you're saying before you post in an international forum.

George Soros in an interview with the German “Der Spiegel” magazine admits that Greece can not repay its debt under any current or future economic conditions and proposes that the only way for Greece to make up for it is to give away its hydrocarbon resources.

Greece (and other countries) have been economically hit by vicious economic hitmen like the aforementioned "gentleman".
Patience is magic
Quoting jw1981
GBP will continue to fall until the elections are out. Right now, all election opinion polls leads to a coalition or an outright win for UKIP.

Reg. Euro, they should all be awarded oscars for best actors awards. Its all manufactured crisis. Wait and watch for Syriza to go soft on austerity if they win.. or expect an climactic win for Samaras.
GBP will continue to fall until the elections are out. Right now, all election opinion polls leads to a coalition or an outright win for UKIP.

Sorry JW, what feckin' planet are you on?
An outright win for UKIP . . . . not while youhave a hole in your bottom me old mate.
Far more likely is a coalition with the SNP who are looking to destroy Labour in Scotland thus giving Salmond exactly what he's wanted all the time - a seat at the big table. Deputy Prime Minister Salmond anyone?
Sell the rumor buy the fact...Eur should bottom out around 118 and then skyrocket back up to the 130-140 range.
Good luck and may the odds be ever in your favor!
Quoting dbutton1990
Sell the rumor buy the fact...Eur should bottom out around 118 and then skyrocket back up to the 130-140 range.
My guess as well. Staying short until we see a change in trend though.
Good Call. Daily support level at 1.1872 has been touched and tested about 4 pips below. Look for a break and close below this level for further bearish continuation. Usually when we touch a support line, we get a nice pullback...hmm...maybe a precursor to this Fridays NFPs?
Good luck and may the odds be ever in your favor!
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Quoting Macdon
So you're saying oil and gas are worthless? That's essentially what you're saying? Think about what you're saying before you post in an international forum.

George Soros in an interview with the German “Der Spiegel” magazine admits that Greece can not repay its debt under any current or future economic conditions and proposes that the only way for Greece to make up for it is to give away its hydrocarbon resources.

Greece (and other countries) have been economically hit by vicious economic hitmen like the aforementioned "gentleman".
What I was reffering to is Putin's reason for price drop saying "someone sells $30/b in black market" and subsequent western media excuses about Libya rebels or ISIS(already existing supply plus limited delivery capabilities) or US shale(impossible to black market quantities needed without US will). Personally I prefer to stick to the memory of "Cyprus" getting a well flame 18 months ago and refuse to believe they bake huge marshmellows on it since...
OPEC supplies the same, demand didn't drop analagous to the effect so that leaves us only with fresh supply. That was my essence and my hint of the origins of that fresh supply.

But you're correct about Soros and quite possibly the time has come.
Greece has to pay with its hydrocarbons on this or lower price because at normal prices not only the debt would be repayable but also OPEC should accept a new member...
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  • Posted: Jan 4, 2015 5:59am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 20  /  Views: 5,446