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    Originally posted by Emmet View Post
    Can't find any markets no.

    Would you be way out of line vs The Economist?



    No - 60%
    Yes - 23/20%
    Referendum no happening - 10/20%

    ---

    Though polls suggest otherwise
    % of it not happening has to be higher than that. I was just curious because a no was odds on favourite but it's polling for a yes.

    Comment


      Originally posted by Hitchhiker's Guide To... View Post
      Interesting how close the odds are for in/out on Greece still to be using the euro by the end of next year. The process of exiting is so unknown and likely tied up in ridic bureaucracy, planning, inertia, resistance, fear, that Greece to still be in the euro by the end of 2015 is my Lock of the Year. A potential bonus being that even if it was to go ahead they like to do these things on 1st Jan - so it could be agreed but the process not happen until Jan 1st 2016.

      Bumpy ould lock. Enjoyable enough drama?
      Currently @ 4/9 to still be in...
      Last edited by Emmet; 29-06-15, 09:20. Reason: tweet didn't show up first time so didn't see the price!

      Comment


        Originally posted by Emmet View Post
        Get ready for the Illuminati references in that Tsipras and Varoufakis were plants by the Lizard people and Angela Merkel in order to commit hari-kari, jettisoning the dead-weight in an attempt to bind the eurozone together in order to fool us all into believing that the European Federation is a great idea and to submit to their power.
        You forgot the Bilderberg Group
        "We are not Europeans. Those people on the continent are freaks."

        Comment


          yeouch

          2011
          http://GreekReporter.com - In 2011 during an appearance on Greek TV station Alter, then SYRIZA leader and today Greece's Prime Minister Alexis Tsipras says t...

          Comment


            Well the options should be:

            - default; formulate a new currency and potentially be forced to exit the EU also;
            - get more money and in return accept a myriad of reform conditions;

            I think we'll end up roughly in either of those places.

            The Greeks seem to have been hoping to force secret option three:

            - get more money with a decent portion of debt relief and accept virtually no reform conditions;

            I'd say fair play for trying so long as you always had a firm idea of which of the real options you were going to fall back towards. They'll regain some respect if it's the former imo.
            "Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally." - John Maynard Keynes

            Comment


              ...
              "We're not f*cking Burundi" - Big Phil

              Comment


                My 433 and Final Monday in Boyles.

                2.5 Days until I feel like this guy:

                Comment


                  Where to then Ciaran?

                  Comment





                    Comment


                      Originally posted by LuckyLloyd View Post
                      Well the options should be:

                      - default; formulate a new currency and potentially be forced to exit the EU also;
                      - get more money and in return accept a myriad of reform conditions;

                      I think we'll end up roughly in either of those places.

                      The Greeks seem to have been hoping to force secret option three:

                      - get more money with a decent portion of debt relief and accept virtually no reform conditions;

                      I'd say fair play for trying so long as you always had a firm idea of which of the real options you were going to fall back towards. They'll regain some respect if it's the former imo.
                      Or Option four: they haven't a fucking clue.
                      "We are not Europeans. Those people on the continent are freaks."

                      Comment


                        Originally posted by LuckyLloyd View Post
                        Well the options should be:

                        - default; formulate a new currency and potentially be forced to exit the EU also;
                        - get more money and in return accept a myriad of reform conditions;

                        I think we'll end up roughly in either of those places.

                        The Greeks seem to have been hoping to force secret option three:

                        - get more money with a decent portion of debt relief and accept virtually no reform conditions;

                        I'd say fair play for trying so long as you always had a firm idea of which of the real options you were going to fall back towards. They'll regain some respect if it's the former imo.
                        Wut da Wat

                        What sort of reform conditions do you think they will be facing under the new drachma?

                        Look there is one choice, stay in the Euro and EU or leave Euro and EU. There is a reality and that is there no free lunches. Leave Eurozone, print Drachmas and limp along with a no tax collection, several mirron drachma a week pension payment that relies on humanitarian aid to feed people while they try to rebuild a tourism and agriculture based economy from outside Europe is one reality. Stay in and accept what would actually be far less severe but nontheless radical economic reforms.
                        Turning millions into thousands

                        Comment


                          Pretty sure Lloyd means that if they get more money from the Troika they'll have to accept whatever conditions they're offered and that's that.

                          Comment


                            Whatever way it plays out from here its some mess, and there really is no telling what is the least worst option for them now.
                            Turning millions into thousands

                            Comment


                              Originally posted by Strewelpeter View Post
                              Whatever way it plays out from here its some mess, and there really is no telling what is the least worst option for them now.
                              They can either mature as a society* within the buffers of the EZ or get dumped into the jungle and try it out there. Either way they will have to reach that stage.

                              I'm pretty confident that there's a least worse option!

                              * pay their fecking taxes!

                              also,
                              The Kremlin has said it is concerned for the consequences of the crisis on the EU.

                              Comment


                                Originally posted by Emmet View Post
                                Pretty sure Lloyd means that if they get more money from the Troika they'll have to accept whatever conditions they're offered and that's that.
                                Yeah, I couldn't have been clearer really.

                                Originally posted by Raoul Duke III View Post
                                Or Option four: they haven't a fucking clue.
                                Maybe, but there is underlying toxicity to Greek society that means any Greek government, regardless of political idealogy, was going to make this process incredibly complicated. Bear in mind that their situation has been more than a decade in gestation.
                                "Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally." - John Maynard Keynes

                                Comment


                                  Originally posted by Strewelpeter View Post
                                  Wut da Wat

                                  What sort of reform conditions do you think they will be facing under the new drachma?

                                  Look there is one choice, stay in the Euro and EU or leave Euro and EU.
                                  Question of EU membership doesn't arise at the moment, the question is whether they stay in the Euro group or not.

                                  Comment


                                    Juncker washing his hands of the Greeks right now. Don't think I have ever heard language like this from the Commission before.
                                    "We are not Europeans. Those people on the continent are freaks."

                                    Comment


                                      Originally posted by Lplated View Post
                                      Question of EU membership doesn't arise at the moment, the question is whether they stay in the Euro group or not.
                                      Presumably they would go into the third rank of EU countries alongside the likes of Serbia and Bulgaria?

                                      First rank in my mind = Eurozone
                                      Second rank = non-Eurozone but strong currency/economy (Denmark, Sweden etc)

                                      Hmmm, maybe they should be fourth rank. The likes of Poland would be streets ahead.
                                      "We are not Europeans. Those people on the continent are freaks."

                                      Comment


                                        Originally posted by Raoul Duke III View Post
                                        Juncker washing his hands of the Greeks right now. Don't think I have ever heard language like this from the Commission before.
                                        Originally posted by emmet02
                                        Juncker discussing the package

                                        (all paraphrased)

                                        - There are no wage cuts in this package
                                        - There are no pension cuts in this package
                                        - On many instances, we were the ones asking for the socialist measures
                                        - Package goes beyond fiscal measures
                                        - Lowers fiscal targets
                                        - It is more than €12bn less in demands than previous agreement
                                        - Many member states have higher fiscal targets despite having lower levels of debt
                                        - Proposal to modernise the public sector
                                        - Agreed to review collective bargaining in private sector (in line with Best European practices)
                                        - No cuts in the levels of pensions
                                        - Even the Greek government agrees that the Greek pension system urgently needs reform to be sustainable. They have agreed that it is unsustainable.
                                        - It should be clear that everyone should contribute to the welfare system according to their means.
                                        - Guaranteed minimum income scheme
                                        - We were asking for cuts in defense, and I think we were totally right in asking.
                                        - Removing favourable tax loopholes, for example ship owners
                                        - A lot of this is common sense, and in line with tax justice
                                        - more social fairness by fighting corruption, more transparency and efficiency of administration
                                        - Who could be against independent tax administration? This is the normal rule.
                                        - Once more, it was us pushing these measures. The offers of assistance were not taken up.
                                        - This package for more growth and investment
                                        - There are no quick fixes for many of Greece's underlying problems.
                                        - E.g - why are energy prices so high compared to europe? - lack of competition and financial interests.
                                        - Biggest problem for Greece is uncertainty, which can only really be fixed with a deal.

                                        NOW

                                        - Greece authorities walked away from negotiations (unexpectedly) on Friday night
                                        - We were working on proposals regarding the vat % on hotels
                                        - The fact that our Greek colleagues left the table at the worst moment
                                        - We explained that a deal on these measures could unlock financial aid for the coming months.
                                        - Discussed that EuroGroup was ready to discuss debt measures this Autumn!
                                        - New package of €35bn was being organised to get Greece back on track.
                                        - Not only about fiscal consolidation, but about pushing forward the growth of Greece.
                                        - As you can see, we moved mountains until very last minute when Greek's closed the door.
                                        - I don't have to make new proposals, I'm describing the proposals that were on the table.
                                        - I felt we could easily reach an agreement at the EuroGroup.
                                        - What do the Greek people know about the flexibility, the details of the offer etc
                                        .

                                        Comment


                                          Juncker
                                          I'm not a big fan of Poles

                                          Comment


                                            Also, what the fuck?

                                            Originally posted by Juncker
                                            I'd say to the Greeks, you shouldn't commit suicide because you're afraid of dying

                                            Comment


                                              Originally posted by Emmet View Post
                                              Juncker
                                              I'd say it's a bit early to be locked. If it wasn't Juncker.

                                              Notorious.
                                              "We are not Europeans. Those people on the continent are freaks."

                                              Comment


                                                Originally posted by LuckyLloyd View Post
                                                Maybe, but there is underlying toxicity to Greek society that means any Greek government, regardless of political idealogy, was going to make this process incredibly complicated. Bear in mind that their situation has been more than a decade in gestation.
                                                Ever since WW2 tbf. I semi-jokingly suggested Churchill should have let Stalin have Greece (he was certainly in a position to take it). No way would the Greeks be electing clowns like Syriza in 2015 with that historical baggage behind them.

                                                This worth a read:

                                                Last edited by Raoul Duke III; 29-06-15, 11:50. Reason: Link that wasn't written by a high school kid
                                                "We are not Europeans. Those people on the continent are freaks."

                                                Comment


                                                  Originally posted by Raoul Duke III View Post
                                                  Ever since WW2 tbf. I semi-jokingly suggested Churchill should have let Stalin have Greece (he was certainly in a position to take it). No way would the Greeks be electing clowns like Syriza in 2015 with that historical baggage behind them.

                                                  This worth a read:

                                                  https://en.m.wikipedia.org/wiki/Greek_Civil_War
                                                  The political fallout for more radical parties in other EU countries is going to be very fascinating to watch. Also the printing presses are going to be starting to ratchet up their production I reckon. Only so many times you can do that before they lose all effectiveness...
                                                  ‘IF YOU had not committed great sins, God would not have sent a punishment like me upon you.” Genghis Khan

                                                  Comment


                                                    Originally posted by V for Vendetta View Post
                                                    The political fallout for more radical parties in other EU countries is going to be very fascinating to watch.
                                                    Judging by the horrified silence of our own Syriza wannabes, it won't!
                                                    "We are not Europeans. Those people on the continent are freaks."

                                                    Comment


                                                      Guessing first serious riots will start Weds\Thurs. Tsiphillis trying to stand over his riot police beating civilians will be interesting.
                                                      "We are not Europeans. Those people on the continent are freaks."

                                                      Comment


                                                        Originally posted by Raoul Duke III View Post
                                                        Guessing first serious riots will start Weds\Thurs. Tsiphillis trying to stand over his riot police beating civilians will be interesting.
                                                        Intra-bank wages won't be paid (private sector) according to some whispers...

                                                        That wont go down well.

                                                        Comment


                                                          Originally posted by Raoul Duke III View Post
                                                          Guessing first serious riots will start Weds\Thurs. Tsiphillis trying to stand over his riot police beating civilians will be interesting.
                                                          Instead of betting on the referendum results people should be betting on whether they will happen or not.

                                                          By Sunday you'll have riots, shootings and looting. Good luck holding a referendum with that going on.

                                                          Whatever fall back position the game theorists have the economic reputational damage to Greece means foreign investors will be very slow to go near Greece. A prolonged recession will take a significant turn for the worse now.
                                                          ‘IF YOU had not committed great sins, God would not have sent a punishment like me upon you.” Genghis Khan

                                                          Comment


                                                            How close were Ireland to ending up in the same position as Greece? A couple of years ago we were totalled about in the same category. Did we do that much different to them it were they in a different ballgame from the outset?

                                                            Comment


                                                              Who is next in line? Portugal? Spain? Us?
                                                              For all the whinging about austerity our government haven't actually made massive cuts in government spending.
                                                              Heard we could be on the hook for up to 2 Billy for greece. Hopefully that will nobble the election buying stunt of reinstating bubble era pay for civil servants

                                                              Comment


                                                                Originally posted by Bubbleking View Post
                                                                How close were Ireland to ending up in the same position as Greece? A couple of years ago we were totalled about in the same category. Did we do that much different to them it were they in a different ballgame from the outset?
                                                                Noonan was fairly candid about it, there was between 3 and 6 worth months of money available to pay salaries and keep schools and hospitals open when he took over.

                                                                We were probably lucky that the election came when it did, if it had been say 20 months later you could have had some sort of AAA / Sinn Fein / Talk to Joe coalition who would have tried to drive us over the cliff in the same way.
                                                                Turning millions into thousands

                                                                Comment





                                                                  Comment


                                                                    Originally posted by PSV58 View Post
                                                                    Who is next in line? Portugal? Spain? Us?
                                                                    For all the whinging about austerity our government haven't actually made massive cuts in government spending.
                                                                    Heard we could be on the hook for up to 2 Billy for greece. Hopefully that will nobble the election buying stunt of reinstating bubble era pay for civil servants
                                                                    We're almost part of the core now



                                                                    edit: just to explain, the reaction this morning was for bond yields to go up in the PIGS countries (Port,Italy,Greece,Spain) while money moved to the safe countries Germany, Belgium and...us!
                                                                    Last edited by Denny Crane; 29-06-15, 12:56.

                                                                    Comment


                                                                      What way is this Greece thing going to affect GBP v Euro? Is the rate going to change much?

                                                                      Comment


                                                                        Originally posted by V for Vendetta View Post
                                                                        Instead of betting on the referendum results people should be betting on whether they will happen or not.

                                                                        By Sunday you'll have riots, shootings and looting. Good luck holding a referendum with that going on.

                                                                        Whatever fall back position the game theorists have the economic reputational damage to Greece means foreign investors will be very slow to go near Greece. A prolonged recession will take a significant turn for the worse now.
                                                                        The referendum is a proposition on a package that doesn't exist. It's surreal.
                                                                        "We are not Europeans. Those people on the continent are freaks."

                                                                        Comment


                                                                          Originally posted by Raoul Duke III View Post
                                                                          Judging by the horrified silence of our own Syriza wannabes, it won't!
                                                                          Any official comment on it?



                                                                          Originally posted by Megatron View Post
                                                                          What way is this Greece thing going to affect GBP v Euro? Is the rate going to change much?
                                                                          About 1% or so in favour of sterling. Nothing major so far.
                                                                          Last edited by Denny Crane; 29-06-15, 13:11.

                                                                          Comment


                                                                            Originally posted by Strewelpeter View Post
                                                                            Noonan was fairly candid about it, there was between 3 and 6 worth months of money available to pay salaries and keep schools and hospitals open when he took over.

                                                                            We were probably lucky that the election came when it did, if it had been say 20 months later you could have had some sort of AAA / Sinn Fein / Talk to Joe coalition who would have tried to drive us over the cliff in the same way.
                                                                            I remember the Labour ministers in particular being utterly shocked when they got their first briefing on the state of the public finances. In fairness to them they put their heads down and got to work.

                                                                            You can bet Syriza got similar briefings when they took over.
                                                                            "We are not Europeans. Those people on the continent are freaks."

                                                                            Comment


                                                                              Originally posted by Raoul Duke III View Post
                                                                              I remember the Labour ministers in particular being utterly shocked when they got their first briefing on the state of the public finances. In fairness to them they put their heads down and got to work.

                                                                              You can bet Syriza got similar briefings when they took over.
                                                                              They've certainly done the business in any case!

                                                                              If business is talking, and doing nothing that is.

                                                                              Comment


                                                                                Originally posted by Emmet View Post
                                                                                Get ready for the Illuminati references in that Tsipras and Varoufakis were plants by the Lizard people and Angela Merkel in order to commit hari-kari, jettisoning the dead-weight in an attempt to bind the eurozone together in order to fool us all into believing that the European Federation is a great idea and to submit to their power.

                                                                                Comment


                                                                                  Originally posted by Denny Crane View Post
                                                                                  We're almost part of the core now



                                                                                  edit: just to explain, the reaction this morning was for bond yields to go up in the PIGS countries (Port,Italy,Greece,Spain) while money moved to the safe countries Germany, Belgium and...us!
                                                                                  Didn't put together that Italy were the I in pigs instead of us. Yeah for tax loopholes

                                                                                  Comment


                                                                                    Ah yes, the Jews

                                                                                    They do have a pretty nasty neo-Nazi movement, Golden Dawn. Pretty fertile ground for them right now.
                                                                                    "We are not Europeans. Those people on the continent are freaks."

                                                                                    Comment


                                                                                      Originally posted by RichieM View Post
                                                                                      Didn't put together that Italy were the I in pigs instead of us. Yeah for tax loopholes
                                                                                      Used to have two 'I's. Sometimes still does, depending on the user.
                                                                                      "We are not Europeans. Those people on the continent are freaks."

                                                                                      Comment


                                                                                        Originally posted by Raoul Duke III View Post
                                                                                        Used to have two 'I's. Sometimes still does, depending on the user.
                                                                                        Some people even write it as PI_GS to show the spot we used to have.

                                                                                        Those were the days.

                                                                                        Comment


                                                                                          ...
                                                                                          "We're not f*cking Burundi" - Big Phil

                                                                                          Comment


                                                                                            ...
                                                                                            "We're not f*cking Burundi" - Big Phil

                                                                                            Comment


                                                                                              Originally posted by Emmet View Post
                                                                                              Some people even write it as PI_GS to show the spot we used to have.

                                                                                              Those were the days.
                                                                                              I secretly wanted Malta to struggle so we could have GIMPS.
                                                                                              "We are not Europeans. Those people on the continent are freaks."

                                                                                              Comment


                                                                                                Originally posted by Raoul Duke III View Post
                                                                                                I secretly wanted Malta to struggle so we could have GIMPS.
                                                                                                If Greece gets the boot and Slovenia is impacted it could be decent craic.

                                                                                                Comment


                                                                                                  Originally posted by Denny Crane View Post
                                                                                                  We're almost part of the core now



                                                                                                  edit: just to explain, the reaction this morning was for bond yields to go up in the PIGS countries (Port,Italy,Greece,Spain) while money moved to the safe countries Germany, Belgium and...us!
                                                                                                  Why are we safe, what is to stop the same thing happening here again?
                                                                                                  Originally posted by Hitchhiker's Guide To... View Post
                                                                                                  That's why all those loss-making web firms, like Tripadvisor, Airbnb choose Ireland all right If you want to actually just not pay tax you go to Luxembourg and also get nice weather in return.
                                                                                                  Why did they choose us? What would happen if technology firms chose not to choose us?

                                                                                                  Comment


                                                                                                    Originally posted by DeadParrot View Post
                                                                                                    It's not even the best BK burger.
                                                                                                    Double Whopper with Cheese FTW.
                                                                                                    Smokey Bacon Burger from Supermacs is the obv winner, you dont get bacon, you get an honest to goodness rasher
                                                                                                    Supermacs ruined this with their fancy salad and onions. Will ask for no onions next time and see if it makes it better. The sauce was nice though. If they did an XL version it may be closer.

                                                                                                    The bk XL still in front.

                                                                                                    Comment


                                                                                                      Originally posted by Bubbleking View Post
                                                                                                      How close were Ireland to ending up in the same position as Greece? A couple of years ago we were totalled about in the same category. Did we do that much different to them it were they in a different ballgame from the outset?
                                                                                                      Biggest difference is that we had flourishing IT and Pharma industries. Greece has tourism and shipping.
                                                                                                      "I can’t find anyone who agrees with what I write or think these days, so I guess I must be getting closer to the truth." - Hunter S. Thompson

                                                                                                      Comment


                                                                                                        Originally posted by dobby View Post
                                                                                                        Supermacs ruined this with their fancy salad and onions. Will ask for no onions next time and see if it makes it better. The sauce was nice though. If they did an XL version it may be closer.

                                                                                                        The bk XL still in front.
                                                                                                        I don't know why, but this made me laugh as the one breaking a 39 post run about Greece.

                                                                                                        Comment


                                                                                                          Originally posted by AndyFatBastard View Post
                                                                                                          Biggest difference is that we had flourishing IT and Pharma industries. Greece has tourism and shipping.
                                                                                                          We also had a mature polity which is totallyblacking in Greece.
                                                                                                          "We are not Europeans. Those people on the continent are freaks."

                                                                                                          Comment


                                                                                                            Originally posted by AndyFatBastard View Post
                                                                                                            Biggest difference is that we had flourishing IT and Pharma industries. Greece has tourism and shipping.
                                                                                                            Tax Free too apparently

                                                                                                            Comment


                                                                                                              Originally posted by hotspur View Post
                                                                                                              I don't know why, but this made me laugh as the one breaking a 39 post run about Greece.
                                                                                                              People need to get their priorities straight. There is a lot to be debated.

                                                                                                              I'm on the XL Bacon Double Cheeseburger bandwagon myself.

                                                                                                              Comment


                                                                                                                Originally posted by CHD View Post
                                                                                                                People need to get their priorities straight. There is a lot to be debated.

                                                                                                                I'm on the XL Bacon Double Cheeseburger bandwagon myself.
                                                                                                                It almost certainly ticks all the boxes in both quality and quantity when it comes to a fast food option.

                                                                                                                Are there any rivals worth even reviewing?

                                                                                                                Comment


                                                                                                                  Having a bite to eat in Carton House, all the Irish rugby squad are here just lounging about. Starstruck. Paul O'Connell's bleedin huge
                                                                                                                  I hold silver in tit for tat, and I love you for that

                                                                                                                  Comment


                                                                                                                    Originally posted by hotspur View Post
                                                                                                                    I don't know why, but this made me laugh as the one breaking a 39 post run about Greece.
                                                                                                                    What's going on in Greece?

                                                                                                                    joke obv

                                                                                                                    Comment


                                                                                                                      Originally posted by Lazare View Post
                                                                                                                      Having a bite to eat in Carton House, all the Irish rugby squad are here just lounging about. Starstruck. Paul O'Connell's bleedin huge
                                                                                                                      Ask him what's his favourite burger?

                                                                                                                      Comment


                                                                                                                        Originally posted by Emmet View Post
                                                                                                                        It almost certainly ticks all the boxes in both quality and quantity when it comes to a fast food option.

                                                                                                                        Are there any rivals worth even reviewing?
                                                                                                                        I've got limited options down here. McDonald's, bk, Supermacs and a couple of local chippers. The XL definitely winning.

                                                                                                                        Comment


                                                                                                                          Originally posted by Emmet View Post
                                                                                                                          It almost certainly ticks all the boxes in both quality and quantity when it comes to a fast food option.

                                                                                                                          Are there any rivals worth even reviewing?
                                                                                                                          I'm yet to find one. Hopefully Five Guys can provide some proper competition when they open up in Dublin.

                                                                                                                          Comment

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