ChezGiven 0 Posted June 18, 2015 Share Posted June 18, 2015 Hell aye. Link to comment Share on other sites More sharing options...
ewerk 26745 Posted June 18, 2015 Share Posted June 18, 2015 Doesnt help the devaluation. Its not just my market, its any export market. Take a car worth 25k euros. Say 1 euro = 500 drachma. The car costs the Greek purchaser 12.5m Drachma which he will have to use to purchase the car in euros. Now the exchange rate goes to 1 euro = 1000 drachma (very likely). Now you sell the car back to Europe. If you sell it at 12.5m drachma, the cost to the European purchaser is now 12.5k euros or half price. Fuck, basically. I get your point. I'm guessing that a rationing of the supply to Greece won't help. An EU exit with restrictions on imports from Greece sounds like your best bet. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 18, 2015 Author Share Posted June 18, 2015 Greece will join BRICS. Germany will be angry. Link to comment Share on other sites More sharing options...
ewerk 26745 Posted June 18, 2015 Share Posted June 18, 2015 Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted June 18, 2015 Share Posted June 18, 2015 BRICS is an acronym, not an organisation Indeed ewerk, I'm thinking right now that demand-managed distribution is the first step because we have no idea how the political situation will play out. Import duties and the like will play out at the EU Commission level as a broad economic piece. We're going to get hit in the short-term without a doubt and its not just the Greek market thats on the table, its everywhere that Greek distribution networks are linked into. Medium term it will resolve itself, for sure. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 18, 2015 Author Share Posted June 18, 2015 He's already been to Russia twice in the last month. Probably to offer them a naval base. Nice. Link to comment Share on other sites More sharing options...
Alex 30724 Posted June 18, 2015 Share Posted June 18, 2015 Would it be BRICSG or GBRICS? Neither really work. Link to comment Share on other sites More sharing options...
Howmanheyman 27407 Posted June 18, 2015 Share Posted June 18, 2015 Regarding the important stuff, will holidaying in the Greek Isles be cheaper? Thank Christ someone's on the ball with the real issues. BRICS is an acronym, not an organisation Indeed ewerk, I'm thinking right now that demand-managed distribution is the first step because we have no idea how the political situation will play out. Import duties and the like will play out at the EU Commission level as a broad economic piece. We're going to get hit in the short-term without a doubt and its not just the Greek market thats on the table, its everywhere that Greek distribution networks are linked into. Medium term it will resolve itself, for sure. Chez, there's a business section on BBC breakfast around 5.30 where they always have a financial expert on reviewing the papers. Any chance you can go on next time you're in London so we can see you in action? Link to comment Share on other sites More sharing options...
Gemmill 35322 Posted June 18, 2015 Share Posted June 18, 2015 So feta is gonna get cheaper or more expensive? Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted June 18, 2015 Share Posted June 18, 2015 Cheaper ffs! Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted June 18, 2015 Share Posted June 18, 2015 Thank Christ someone's on the ball with the real issues. Chez, there's a business section on BBC breakfast around 5.30 where they always have a financial expert on reviewing the papers. Any chance you can go on next time you're in London so we can see you in action? Far too early in the morning for me, the best you get out of me at that time is a scratch of me knackers and a few swear words. Link to comment Share on other sites More sharing options...
Howmanheyman 27407 Posted June 18, 2015 Share Posted June 18, 2015 Far too early in the morning for me, the best you get out of me at that time is a scratch of me knackers and a few swear words. Ah! A bit like Gemmill on the metro reading Jilly Cooper, then? Link to comment Share on other sites More sharing options...
Gemmill 35322 Posted June 18, 2015 Share Posted June 18, 2015 I could do this breakfast news thing if they don't mind me being in jodhpurs. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 18, 2015 Author Share Posted June 18, 2015 http://www.primeminister.gov.gr/english/2015/06/18/prime-minister-alexis-tsipras-article-in-der-tagesspiegel-german-taxpayers-are-not-paying-for-greek-pensions/ Link to comment Share on other sites More sharing options...
Alex 30724 Posted June 18, 2015 Share Posted June 18, 2015 http://www.bbcgoodfood.com/recipes/383616/tzatziki Link to comment Share on other sites More sharing options...
Anorthernsoul 1221 Posted June 18, 2015 Share Posted June 18, 2015 UH OH. http://www.ft.com/cms/s/0/127a2cb4-1587-11e5-8e6a-00144feabdc0.html#axzz3dRMWb0P1 Link to comment Share on other sites More sharing options...
ewerk 26745 Posted June 25, 2015 Share Posted June 25, 2015 Not going so well for the Greeks. Link to comment Share on other sites More sharing options...
Meenzer 14133 Posted June 25, 2015 Share Posted June 25, 2015 Send on Charisteas. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 25, 2015 Author Share Posted June 25, 2015 Holiday apartments looking really cheap. Link to comment Share on other sites More sharing options...
ewerk 26745 Posted June 28, 2015 Share Posted June 28, 2015 The ECB are due to stop any further emergency loans to Greek banks. Now sit back and watch panic ensue. Link to comment Share on other sites More sharing options...
Rob W 0 Posted June 28, 2015 Share Posted June 28, 2015 well the Greek Govt really know how to make friends and influence people......................... You have to be Grade 1 T** to make the EU decide not to compromise TBH Link to comment Share on other sites More sharing options...
Gemmill 35322 Posted June 28, 2015 Share Posted June 28, 2015 Aye they've seemed absolutely desperate to compromise like, Rob. Falling over themselves. Link to comment Share on other sites More sharing options...
Anorthernsoul 1221 Posted June 28, 2015 Share Posted June 28, 2015 I said at the start this will not end well, for anyone. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 28, 2015 Author Share Posted June 28, 2015 (edited) Asian markets open euro getting smashed all over the place. Will be 1.50 to the pound by end of play tomorrow. If you have ways of converting into euro do it. ECB will start defending it but no telling where the stops are... Edited June 28, 2015 by Park Life Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted June 29, 2015 Share Posted June 29, 2015 http://www.theguardian.com/commentisfree/2015/jun/28/greece-europe-imf-democracy A bit like when WMDs failed to materialise in Iraq, the narrative turned into a moral one, now that Austerity has shown to have fundamentally failed to restore growth, the narrative becomes a moral one. Link to comment Share on other sites More sharing options...
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