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January 23rd, 2015, 06:23 AM | #21 |
paludicolous paravant
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Well, yesterday broke the story that the ECB has decided on some significant amount of quantitative easing, i.e. the equivalent of printing money.
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January 27th, 2015, 05:14 PM | #22 |
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After the left-wing anti-austerity victory in Greece, some sort of re-negotiation of their huge debt repayments is being mooted. There might be some room for manoeuvre but the ECB gives the impression that there isn't much.
The debt is never going to be repaid so I'd like to ask the following. Do our Continental European friends think that a potential Euro-exit by Greece (the Grexit? ) would be a good/bad/no-difference thing?
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January 27th, 2015, 06:24 PM | #23 | |
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If there is a Grexit, it would probably be at a price - how much of Greece's debt would the remaining Eurozone take on? If Greece leaves on their own accord, just like that, that would be nada - and then they would be extremely likely to default on their debt, at which point a large number of banks which lent to Greece would be in deep excrement. Not sure who would be hit hardest by that - might even be the UK with its large banking sector. |
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January 27th, 2015, 10:05 PM | #24 |
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Most Greek debt is now owned by various European Union institutions and the International Monetary Fund, which joined the EU bailout of Greece in 2010. The €7.2bn February payment is needed for Greece to avoid default, though it can be rolled over under certain conditions if talks look fruitful. Ominously, the world’s lender of last resort has warned Greece that failure to repay its debts will carry “consequences"
Tsipras says Athens will never escape this debt spiral without some debt relief.”In the past four years, Athens’ debts have spiralled to 175% of GDP, partly because GDP has shrunk by 25%, so its ability to pay down debt has diminished. The Greeks are 75% in favour of staying in the EU so Tsiparas will not be confident of support should he exit the euro, then the EU...... Argentina refused to pay her debts and we saw the mess that caused, and continues to cause them. The Greeks need major internal reform, whatever they do would be pissing in the wind until they eradicate government corruption
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April 8th, 2015, 12:20 AM | #25 |
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I have noticed in some movies a contraption called a "borne retractable". What the hell is this thing? A cylinder that just pops up in the road? They could do a heck of a lot of damage to a car. What are they for? Thanks.
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April 8th, 2015, 06:08 AM | #26 |
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It is to close off pedestrianised areas, but still to allow some cars access - emergency services, residents. So, most of the time they are up, and only go up once one of those "allowed" cars has passed.
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April 8th, 2015, 09:22 PM | #27 |
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I'm a Siberian in eastern Europe, but have been here more than 4 decades, and often watch western events & media
The British can be amusing and annoying people Sometimes they want to be like Iceland, and think they don't need anyone''s standards, even when their own suck. Othertimes they worry about trade with EU, and hate it when their sick meat is banned I think too much of their economy consists of financial con-men, dishonest banksters and offshore manipulators I also think they aren't democratic, because most of their votes don't count in elections - whereelse could someone with 30% or 40% receive a "majority" ?? But we often get British TV sendings, and they can make me laugh |
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April 8th, 2015, 09:36 PM | #28 | |
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As you know, I am a huge Russophile. I am a founder member of my local branch of the Lavrenti Beria Appreciation Society.
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April 8th, 2015, 09:46 PM | #29 | |
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Beria was a Georgian like Stalin, actually. Sometimes he spoke to Stalin in Mingrelian, and Stalin told him to shuttup and speak Russian Otherwise, of course we love you -- your comedy TV anyway |
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April 8th, 2015, 11:02 PM | #30 | |
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