Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||European Dislocation On Deck; entered at 2012-05-06 20:10:18|
I tend to think like the rest of you, Germany is really the one on the spot now, and it has cards to play-Greece can only force the timing of the issue now, not how it will resolve-only Germany can do that now.
Germany has the cards to play? Let's take a look at the flipside using an old saying. If you owe the bank a little bit of money and can't pay, then you have a problem. If you owe the bank a lot of money and can't pay, then the bank has a problem.
I'm thinking that Greece has one hell of a trump card although, their politicians have weakened thier hand by systematically looting their own country to pay of banksters. If they had not have looted their own country then Greece could have told them to shove it and would have had some resources with which to begin rebuilding.
On another topic, Sandor said:
What color Swan is this anyway?Octarine. $0.02 to Terry Pratchett.