wait for another 5% dip , four trading days before referendum , missed an opportunity to buy banco Santander at the open was down 10% at the opening bell , that stock is far cheaper than bkir , hope I get another chance this week
"This suspense is terrible , i hope it last"......i wonder will the upside be as uneventful , as this huge collapse ....i wonder what drama our political actors will perform next...good show all round thou GLA
This may seem like a tangle over a 1% Vat increase or cut in pensions, but does money really matter? The amount of money the troika have to give and will - is insignificant. if everybody here had their parents mortgages of 30 - 40 years ago how would they feel? BKIR off by 3 or 4%, by no means an armageddon to the stockmarkets, Interesting times though. INHO
IMHO, the Euro is the problem here. Unworkable from the start. They probably based their ideas on the US/dollar set-up. No one can opt out or leave the dollar. The big difference is, there is fiscal unity in the US. There is none in Europe. The Euro is just a political idea/union. They MAY sort this current situation out - but that will only be kicking the can down the road a bit further. We're far from done with this 'problem'. All just my 2 cents worth of course!
The electorate will have a chance to express itself sooner than later. I would not be completely surprised if, even by a slim majority, the pro-Europe vote wins and Tsipras' strategy to go back to a goat-herding economy backfires.
At the end of the day, people will have to do a few sums and a there is nothing quite like a week of bank closures, capital controls, stock market closure, fear and uncertainty to concentrate Greeks' minds before Sunday. Not to mention the country will be in default tomorrow. One can only hope the Yes vote campaign is smart and rapidly mobilised to ensure the citizens fully realise what they are voting for including EU membership, structural and cohesion funds, interest rate stability (how high would they need to be to keep a new drachma stable??!!!) and inflation and monetary policy stability, all in the hands of Tsipras and his 70 year old cronies (with the exception of that "academic" muppet-made-minister VaffanKoulis).
Much to observe in the next few days.
I suspect 90 % of the 18-45 year olds will vote yes and 90% of the over 50s will vote no, leaving the swing vote with those who are not yet close enough to entrenched privileges to feel them as a loss but not young enough to want to take a decisive step towards sacrifice in the interests of the next generation.
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