"With that in mind, I have found me a hedge, and here I sit, till Greece recovers, or fly on one wing"
the " fly on one wing" might be your best bet. IF.. a deal is done shortly, there will almost definitely be a relief rally in Greek (and Irish) bank shares . but as sure as nights follows day this will be a one winged flight that will end up back here again in no time. Greeks and Europeans are only fooling themselves in thinking this can end well. Be prepared for allmexit if the opportunity presents itself.
Europe seems to have decided the no longer like the people kicking the can and if I am right in this,a day of reckoning may be close MM will have field day,as always it won't be end of Europe our losses B.O I wiil be short lived Some time the people that lead us and get voted in have to say how it is a look at Ireland. Might have helped them Hope and pray for better times for its people there going to need it
I don't believe that a, completely rough party ,can get democratically elected, without some element of support from higher powers, be it Europe or capitalists.(it is too easy to trick an electorate ,as our own politics shows)
With that in mind I see Europe uses Greece (very skilfully) as the blackbird pretends to have a broken wing, to lure me away from a certain hedge (containing nest) .
With that in mind, I have found me a hedge, and here I sit, till Greece recovers, or fly on one wing!GLA
Every thing you say is true Roy. So the question is... if Syriza do a u-turn on all their election promises and bring Greece back from the brink of the abyss, will the be seen as successful politicians (a) in greece or (b) in Europe or (c) in the mirror?
Maybe they should get a box set of House of Cards as an educational video. Sort of a crash course in prospering by back stabbing. A essential tool in every politicians tool box.
Hi John, Interesting reply, thanks. I admit this Greek thing doesn't interest me as much as I thought, maybe because this whole thing has dragged out for far too long and isn't as interesting as a few years ago when there was a real chance of the Euro breaking up. Or maybe it's because Greece is at the complete opposite of Europe to Ireland. So I take it, it's a bit like SF getting into power and backtracking.
My point is that to be any sort of successful politician you need to be willing to make a deal, whether it's town council, county all the way up the chain. Some people think this is a spineless part of a successful politicians personality but it's what has got them up the ladder. The papers are always making headlines about some politician or another being "humiliated" because we all like to read about it thinking being a politician is similar to the average job which it isn't.
These guys remind me of a working guy who woke up one morning and decided to stop doing overtime or anything but the minimum hours then going to his bank and saying that it's their problem not his, that he's not going to kill himself working and they need to bring down his debts. The problem for Greece is that it's not like in a bank where there is a private room and a deal could be done, in this case, everyone else in the bank can hear and they are watching the bank manager to see what he says. If he backs down then they might follow the guys tactics.
"Were FG humiliated when they finally got into power and backtracked on burning bondholders and everything else? Politicians are the same in every country and know how to backtrack."
Roy. back tracking by FG and more so Labour was no big surprise. they were already part of the european consensus to start with. the first picture of Enda in Europe after the election was of him kissing Angela's cheek. at that stage he had already kissed her other cheek. its different for Syriza. All through Europe their election was seen as a victory for a different way. there was celebrations and congratulations heaped on them from all the European Hard left family, including SF here. They were a threat to the center of power and as such they faced an impossible task. the fact that they were inexperienced in the art of politics hasn't helped. unfortunately for the greek people, Europe seems prepared to sacrifice them as collateral damage in this power struggle. so much for a Union of European partners.
As for bank shares in Greece. they were facing fair headwinds to start with but as pawns in a game of political chess the odds are stacked against them. You cant compare Greece to Ireland or Eurobank to BoI. There is a world of difference in the two. As with Allmoyne I hope your punt pays off. its always good to see the underdog come out on top.
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