Comments
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JFGot to feel sorry for the Greeks. So thankful I have this subscription. I was able to advice a girlfriend, and she got her money out of Greece before the shit hit the fan. Regrettably she's got it into an Italian bank.
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DSI really feel for the Greeks - a great country and one of the greatest histories. This crisis will damage generations of Greeks as the US depression damaged generations of Americans. In like manner when WWI war reparations caused a depression in Germany. In 2001 when Greece entered the Euro, economic incentives favored borrowing to the hilt, retiring early, and collecting elevated pensions in many Euro countries. Now that Trump has made it clear that Europe is basically on its own, members of the Euro community must get their club in order or dissolve the Euro. Continuing the status quo will not work! Postponing crisis after crisis will not work! Increasing Greek debt will not work. DLS
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WMSo... what I picked up from this interesting segment is that Greece has NOT really addressed its problems. The country has not seen any real improvement, its government still spends way too much as a proportion of the economy, debt is still rising, it remains trapped in the Euro, the officials who caused this problem remain free in society. There may wish opportunities there for speculators but I see the country as ripe for a political shock and eventual drachmatization.
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RPAnyone see the circle at 5:18 go from the top right screen to the bottom?
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DMWhile on the topic of Greece, RealVision, could you please try to get Yanis Varoufakis? Look at this presentation where he talks about what money is and how it IS politics: https://www.youtube.com/watch?v=gU-xVYLtO_E. He has such insight into the problems facing greece and the EU.
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HKJust give 3% of your nations resources in prepetuity to a system that was designed to fail. Sheer lunacy!! Get out of the Euro, devalue the Dracma have a several years of pain and get on with life. Good luck Greek people - beautiful country with good people.
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RMHow about the significant amount of Chinese infrastructure and tourism investment as part of Belt and Road? Athens/Greece should benefit greatly from this. What is your view?
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MSSo the Fed bailed out the Wall St banks, now the Eurogroup is bailing out the European Central Bank (using Greece as a proxy), so someone (probably the IMF with Yaun in it's SDR basket) will bail out the Eurogroup one day... what a stinking mess. Greece will never, ever, be free of debt.
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HJThis is a good use of time if your crazy enough to have a position in Greece!!!
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NPWhat opportunities do you see on the non-listed side?