I think with interest rates at an historical low you won't get much economic activity as people save all they can to service the loans for the properties they bought. I bet they never thought that one through didn't they?

Australia retail sales disappoint for 3rd month running

Europeans have conveniently forgotten their own past for allowing Germany to wreak havoc in Europe for a 3rd time. I'm sorry, but it's that simple. Being able to make engineer good quality products does not translate into political success.

The case for Greece: when it forgave German debt

Yeah? The EU has really helped Greece, Ireland, Spain, Italy, Portugal, France, Belgium, Austria, Hungary and the rest. The transfer union pays out the bankster's loans. They lent, they lent knowing full well govts. would struggle to pay and then ...

Greek referendum poll shows lead for 'No' vote, but narrowing

Yes, I'm beginning to think they have to deal with somebody else. He seems to try to do a good deal for the Greeks, but he's antagonising the Eurogroup. He could do exactly as they say but enact other laws to help the affected. For example, cut ...

Tsipras looks like he is crumbling

I think you are just parroting what the mainstream media is spitting out. I'm thoroughly disgusted and appalled of the level of mainstream media and bankster shill propaganda against Greece - that they are a nation of lazy, tax dodging loan ...

Greece's Next Step: Overdue Debt and IOUs

The biggest debt transgressor in the 20th century was Germany as well as defaulting. Why don't you post all the defaulting countries not just Greece? Here, I'll do it for you. url Germany (1939, 1948) Hesse (1814) Prussia (1807, 1813) ...

Greece offers conditional okay to bailout, Germany sceptical

We're primarily an commodities/agricultural nation, not manufacturing.

Australian PMI: Manufacturing loses momentum in June

I like the hit piece on Greece. It just so happens I started my career in Australian Social Security, first as administrative and then as a computer programmer. The same things happened all the time. Every admin officer worked their way to a higher ...

Odds of a Greek deal are suddenly falling

dionyssus, how are you coping with what's happened to the Greek banks? What would a "no" mean for the banks? It seems like an underhanded tactic from the EU banksters. Similar threats were given to Ireland but they capitulated. The Greeks have gone ...

It’s still possible to stop Grexit

Thanks Daisygirl. Well we've just seen a hint of what would happen with the capital controls and referendum with a hint of Grexit.

Father of Grexit: 'Disaster' for euro zone if Greece leaves

That's why the Greeks pulled all their money out of the banks. I took out $10K the other day and the teller took down my details. I then walked the streets of Melbourne with it and deposited in a HSBC debit card account and the teller asked me where ...

Father of Grexit: 'Disaster' for euro zone if Greece leaves

That's a whopping $75 TRILLION worth of derivatives. I hope it doesn't come to this as this little stunt by Greece has caused global markets to tumble. The EU must solve this problem in a mutually acceptable way. Shutting of ECB funding is not what ...

Greece Comes to a Sudden Stop. Now What?

I think if Greece goes to drachma they can print their own currency and so the run on the banks would be stymied.That's the reason for the run on the banks, they don't want to have their euros converted to drachma overnight. I'm wondering here. ...

Euro higher again as EU's Moscovici says a deal with Greece is still possible

Have you digested what I wrote? It's kind of hard to understand and I struggled with it myself but the banks basically took a position on Greece's default/no default like we do currency pairs. Therefore they are leveraged to the hilt over Greece. ...

Father of Grexit: 'Disaster' for euro zone if Greece leaves

Funny, the Bolsheviks were put in power via a grand conspiracy. I believe I know Greek culture. I've been there and I have Greek friends here in Melbourne AU, the world's 3rd largest Greek population. Ockham's Razor means nothing to me. If you ...

13 mind-blowing facts about Greece's economy

Here's something I recently learned which elucidates the situation. I posted it once on another thread, but I believe it supports your post. The banks created money out of thin air and lent it to Greece. Those who scoff simply think that the money ...

Father of Grexit: 'Disaster' for euro zone if Greece leaves

I'm not really talking about forex as much as I am investing/having your cash in AU. Europe gives me the jitters at the moment. I suppose USA would be alright but they're $18 trillion in debt. Yes, 0.77 seems to be the magic number for AUDUSD for ...

AUD and NZD benefit from cash leaving Europe

You really need to investigate more and stop repeating the same nonsense all over FF. Slovaks, Germans, British do not betray their people? You’re having a laugh mate. A great big laugh at that! Also, what is the ethnic/cultural background of the ...

13 mind-blowing facts about Greece's economy

AU is a safe haven for the madness which has engulfed Europe. Seriously, as much as a Europhile (the countries and cultures, not the EU and EZ) as I am, I would be too scared to invest anywhere in Europe. Even in non EZ countries like the UK where I ...

AUD and NZD benefit from cash leaving Europe

I think I get it. It says "Across southern Europe, however, state pensions were more generous and provided a percentage of people’s salary, much like a final salary private pension." So these pensions are the actual worker's salary saved up for a ...

Odds of a Greek deal are suddenly falling