Are we going to witness an historical housing price correction amid sharpest rise in unemployment and social tension?...and the minimum you should know in order to protect yourself from this downturn from an economic, stock market and political point of view... with a pinch of humor and sarcasm.
Wednesday 14 September 2011
Greece About To Default
1 year government bond shot up to 140% !!, Finland has better hurry to get its collateral in place otherwise it's gonna be collateral damage.
Will Greece default this week end in the next few weeks?
The entire "Greek issue" is a reframing of BS bank protection. The EU will do their best to support them until the primary worry, Europe's Banks, really starts to show their cracks. Once that happens, I'll bet that Greece gets left in the cold by Northern Europe's politicans.
ok maybe not in the "next week end", but in the weeks to come - for sure.
Erkki, I think you put to much power to the "nothern Europe" politicians. At the end Europe is the story of France, Germany, Italy- the rest have to adapt.
2 comments:
The entire "Greek issue" is a reframing of BS bank protection. The EU will do their best to support them until the primary worry, Europe's Banks, really starts to show their cracks. Once that happens, I'll bet that Greece gets left in the cold by Northern Europe's politicans.
E.
ok maybe not in the "next week end", but in the weeks to come - for sure.
Erkki, I think you put to much power to the "nothern Europe" politicians. At the end Europe is the story of France, Germany, Italy- the rest have to adapt.
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