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  1. buzzlightyear

    Possibility of a Greek default in next week

    Thanks for the heads-up. Had a look at the program on YouTube, and the one thing that amazed me, that was mentioned by Professor Gunther Schnabl interviewed, but that for close to 15 years, Germany has had no material increases in real wages/living standards. Primarily as a result of the East...
  2. buzzlightyear

    Possibility of a Greek default in next week

    Opinion in Greece starts to turn - armageddon may be averted! If these opinion polls in Greece are true, then the worm is turning against the initial Syriza/anti-bailout euphoria. I can say this quite categorically, I know the Greeks don't want to leave the EURO. In the end the majority...
  3. buzzlightyear

    Possibility of a Greek default in next week

    Given the election result, are we closer to a Greek default or at least the risk of it?
  4. buzzlightyear

    Possibility of a Greek default in next week

    The austerity measures are making the Greek economy worse. Increased taxes, reducing salaries are contracting the economy. 5.7% GDP contraction for the past 12 months doesn't engender any hope that these new measures will turn this around. The economy has been in recession for 5 years. How...
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