I agree. However, a devalued currency will only go so far to aid Ina recovery. Without making the necessary internal reforms regarding taxation, privatizing inefficient state owned assets, opening protected industry and bid rigging for state ...

Well said. I would hope for a rising Phoenix from the ashes as well. It will take a strong resolve and even stronger leadership. I am wary that the fractured nature of the political landscape will not allow for a strong enough leadership to emerge ...

I am happy for your personal success. However, that is neither here nor there when discussing the future of your country and its citizens, and what is required to fix the huge problems Greece currently faces.

Your first sentences about ancient Greece's contribution to civilization have nothing to do with its current state of affairs, nor the future on the near term horizon.

I have a strong suspicion that after they repatriate at 21%, they will face a bail in to save their banking system. I hope like hell that does not happen, but I would not put it past the Greek government to do this. Would you repatriate if it meant ...

I am the one that is not in danger of a bail in to save the banking system or that has a collapsing economy. I am a Canadian that lives in Panama and makes a great living, has excellent health care and a son with a great future. I do not have a ...

jajajjaa.... A Greek making fun of Canada, one of the most fiscally responsible countries over the past 30 years. Did they have problems in the 70s and 80s.....yes. However, they had a strong resource based economy, were able to devalue their ...

You find that surprising?

"They want a better deal"..... In a negotiation, he who has the leverage wins. One side has no money, and can not pay back what they have already borrowed (while still not addressing internal problems that create the need to borrow) AND need to ...

This is only the beginning of the markets, equity and bond "readjustment" that is on the horizon. When the liquidity tap shuts off, the markets are going to fall tremendously. Anyone that thinks markets should be at all time highs given the world ...

Question......if there is no provision for expelling them from the Euro within the EU charter, is there also a stated provision making it impossible? if the framers of the charter did not address the issue, all bets are off IMO. I have not read the ...

Until Greece gets serious about overhauling it's taxation system and enforcement, opens protected industry, sells off it's highly inefficient public assets (which it has talked about and never proceeded to do), and gets serious about tackling it's ...

They had their own currency to devalue to prop growth ..... Greece doesn't .

IMO, this huge rally in EUR has been quarterly profit taking. It has been great trading and very profitable I also think it will unwind quickly in the first week of July. I'll be ready to trade whichever way happens, but I would not be confident ...

By the way, these tweets are being published across the financial news landscape....not just FF.

Forex market changes all the time. This has been a very common occurrence throughout the European financial crisis. I have no idea if it was like this during U.S. financial Crisis, as it is hard to recall that long ago,, but I think not, as social ...

He is the guy with a trader friend on speed dial making money by the truck full

Alexpi, RE: labor mobility in Europe Here is one of many articles for you to read regarding your above mentioned stance. url If you would like some more, just let me know 😉

Exactly what I just said....thanks for agreeing

FWIW, I am not anti-European, pro-American or anything along those lines. By looking at this from a purely economic construct, the idea of a common currency without the other aspects mentioned, is destined to fail IMO. That would change if the ...