Hey, Germany! That's why it's called Greek Sex!

JakeYYZ · Post by **JakeYYZ** » Fri May 06, 2011 1:32 pm

Greece Considers Exit from Euro Zone:

Moreover, should Athens turn its back on the common currency zone, it would have serious implications for the already wobbly banking sector, particularly in Greece itself. The change in currency "would consume the entire capital base of the banking system and the country's banks would be abruptly insolvent." Banks outside of Greece would suffer as well. "Credit institutions in Germany and elsewhere would be confronted with considerable losses on their outstanding debts," the paper reads.
The European Central Bank (ECB) would also feel the effects. The Frankfurt-based institution would be forced to "write down a significant portion of its claims as irrecoverable." In addition to its exposure to the banks, the ECB also owns large amounts of Greek state bonds, which it has purchased in recent months. Officials at the Finance Ministry estimate the total to be worth at least €40 billion ($58 billion) "
Code: Select all
Given its 27 percent share of ECB capital, Germany would bear the majority of the losses," the paper reads. 
In short, a Greek withdrawal from the euro zone and an ensuing national default would be expensive for euro-zone countries and their taxpayers. Together with the International Monetary Fund, the EU member states have already pledged €110 billion ($159.5 billion) in aid to Athens -- half of which has already been paid out.
"Should the country become insolvent," the paper reads, "euro-zone countries would have to renounce a portion of their claims."

http://www.spiegel.de/international/eur ... 01,00.html

. ._ · Post by **. ._** » Fri May 06, 2011 2:13 pm

Money is all made up anyways.

It's just data on hard drives that people think are worth something.

Greece will still have its olive trees, ouzo, beaches and t-shirts regardless of whether or not we think their "money" is worth something.

The same thing is gonna happen to all Western currencies eventually.

http://www.youtube.com/watch?v=vVkFb26u9g8

My $0.02.

-istp

trey kule · Post by **trey kule** » Fri May 06, 2011 2:24 pm

It's just data on hard drives that people think are worth something

I dont know where your money is coming from, but the beer store accepts mine, so it must be worth something...took economics 101 did we?

. ._ · Post by **. ._** » Fri May 06, 2011 2:27 pm

True.

The Beer Store accepts the digital data as being worth something- for now.

trey kule · Post by **trey kule** » Fri May 06, 2011 2:44 pm

I suppose that is true enough, and certainly a statement, that by its very nature, can not be challanged, as the correctness of it it dependent on an unspecified time frame.

Bart : Dad, this money is from Montana Militia. This is not real money.
Homer : It will be soon

Beefitarian · Post by **Beefitarian** » Fri May 06, 2011 4:09 pm

What currency is your 2¢ in istp?

. ._ · Post by **. ._** » Fri May 06, 2011 7:39 pm

Whatever currency you want it to be.

I'd say my $0.02, realistically, is worth about one slice of a cherry tomato from my garden.

Beefitarian · Post by **Beefitarian** » Fri May 06, 2011 7:55 pm

My gardening didn't go great, now there's a truck in it. I'm thinking of moving the garden but I doubt it will happen this year.

Expat · Post by **Expat** » Sat May 07, 2011 8:41 am

Greece may have to sell itself to Germany to repay its debts...

JakeYYZ · Post by **JakeYYZ** » Mon Sep 12, 2011 10:32 am

Greece 1-Year Government Bond Yield September 12, 2011

The only Bond that can help the Greeks now is James Bond.

Expat · Post by **Expat** » Mon Sep 12, 2011 10:38 am

They may finally have to sell Cyprus to the Turks. Actually, Canada should make an offer. We have been there since the 60s.

Darkwing Duck · Post by **Darkwing Duck** » Mon Sep 12, 2011 6:28 pm

I'll take Cypress for 100, Alex.

We annex Cypress, then Greece. Then we invite the Turks and Caicos because we need a closer vacation province then Cypress and Greece. In another 10yrs the US will be bancrupt. Then the WORLD...

New World Order, Baby.

robertsailor1 · Post by **robertsailor1** » Mon Sep 12, 2011 7:35 pm

In response to the name of this thread "Re: Hey, Germany! That's why it's called Greek Sex!"

If Germany attacked Turkey from behind do you think Greece would help???

grimey · Post by **grimey** » Mon Sep 12, 2011 8:17 pm

Yes, you would have to use Greece to go at Turkey from behind. The sphincter that is the Bosphorus would be very tight.

Do you think you could get a bunch of Seamen through here without help?

this thread will not end well.

Siddley Hawker · Post by **Siddley Hawker** » Mon Sep 12, 2011 8:20 pm

We annex Cypress, then Greece.

Then we could send those guys to Afghanistan and watch the Taliban laugh themselves to death.

niss · Post by **niss** » Tue Sep 13, 2011 4:36 am

THIS IS SPARTA!!!!!!!!!!!

rigpiggy · Post by **rigpiggy** » Tue Sep 13, 2011 6:41 am

Siddley Hawker wrote:
We annex Cypress, then Greece.
Then we could send those guys to Afghanistan and watch the Taliban laugh themselves to death.

considering the ceremonies there, they would probably fit right in" ministry of silly walks anyone?"

grimey · Post by **grimey** » Tue Sep 13, 2011 6:48 am

rigpiggy wrote: considering the ceremonies there, they would probably fit right in" ministry of silly walks anyone?"

The Pakistanis decide to imitate the British, and they feel the best way to do so is with stupid marches and huge moustaches?

I mean, I know that as an Islamic country the traditional pub was out, but really?

Expat · Post by **Expat** » Tue Sep 13, 2011 2:19 pm

Siddley Hawker wrote:
We annex Cypress, then Greece.
Then we could send those guys to Afghanistan and watch the Taliban laugh themselves to death.

It makes the Chinese look good:

. ._ · Post by **. ._** » Tue Sep 13, 2011 5:32 pm

I think I'm in love.

I'm sure one of them would like to be my next ex-wife.

Old Dog Flying · Post by **Old Dog Flying** » Tue Sep 13, 2011 7:08 pm

So...How does the Greek Navy seperate the men from the boys?????
i
i
i
i

i

i

i

i
i

With a three foot long steel bar!