But I guess the consensus will be in favor of trying continue to squeeze blood from stone until there is none left. And when it gets that far, compared to the threat of cheaper citric acid, steal, etc imports hurting "blessed" EU suppliers, you'll have surplus kalashnikov's coming in from the ME, which I guess is even more profitable for traders ;)
yeah no, that would be equivalent to being kicked out the EU. Greece tried to use some leverage with refugees and got some money in return but that's all. Also, COSCO has already acquired the port of piraeus so there is an asian connection already.
Has there actually been any country that's been and/or in the process of being kicked out the EU (besides threats wielded in media and talked up for ad-views)?
How do you reconcile them willing to kick out Greece but trying to put a multi tens of billion euro bill on the UK for leaving the EU? Would Greece be demanded to pay a similar bill when kicked out and actually pay such? (We already know the ability for them to pay such a bill).
What about all the northern countries running a surplus to Greece, what would happen to those companies special positions due the trade restrictions in their favor?
I really doubt the folks in Brussels want at situation like that to happen, nor do I see them having absolute control over what comes in from customs, in every country, much less in any one in particular.
>Also, COSCO has already acquired the port of piraeus so there is an asian connection already.
Not really sure how to interpret what you mean by "asian connection". So having one state related shipping company from China, now satisfies all the demand for people trying to import into Europe from all over asia, as if every trader must some how just use that port/company? Besides, the issue isn't technically with shipping things, its actually having it cleared to leave the port to the buyer with the right paperwork.
At the same time other countries which are not on the brink of collapse are prepared to face an eventual break up of the Euro (e.g. LePen winning the elections in France) and the only who doesn't have a plan, and God forbid it comes up with one, is Greece...
Pretty much how it is everywhere wrt having an actual discussion of practical options on the table (setting aside juicy ad revenue) that might not favor those whose social economic status puts their heads first in line on the not so metaphorical guillotines at some point ;)
I think the citizens of Greece should take page out of the Victoria Nuland play book.
I mean if I had means to be able to talk to the all the pensioners I would:
- advise them the reach out to any of there family/friends who have (decision making) roles in customs/commodity importers w/ decent import volumes from other EU countries
- work out a deal where they buy their materials from cheaper non "market economy status" places + flag them through while discontinuing imports from their northern neighbors (already profiting here, because cheaper)
- then pooling their funds and shorting companies/securities with the largest exposure to their non buying before earnings calls, and close out shorts soon after. (profiting on the other end, because why not? but you have to liquidate short positions before the ECB printing press comes to the rescue :P)
Just because some of us don't agree with defaulting it doesn't mean we're in the elite or we're serving some agenda. Please, you can do better than that.
You're confusing Varoufakis with Leventis. Varoufakis, to this day, is always put under unjustifiable strain by the Greek media.
As far as your previous post, it's so mis-informed and ill-conceived, that the fact that you have a right to vote in my country scares the shit out of me.
> Just because some of us don't agree with defaulting it doesn't mean we're in the elite or we're serving some agenda. Please, you can do better than that.
Of course I can, but you're a .NET developer! So I'm not sure you could follow through even if I did :-P
ps. Jokes apart, I understand there are many different opinions in a democracy and I respect that. Let's agree that we disagree...
Sure, only people who agree with you should vote. I find it quite ironic that this comes from someone who supports a leftist government.
As for being misinformed, you could provide something useful to the conversation by arguing with facts. Because all you've done so far is attacking me personally. Isn't it his fault that we have capital controls enforced? Six months before he took charge the banks were open and working just fine.
Well thinking from a trader perspective, by defaulting and going back to the drachma (and leaving the EU), Greece would have more flexibility wrt what goods they can import and from where compared to now with all the restrictions on trading that being within the EU imposes.
Combine that with land access to the rest of Europe, I can imagine a prosperous almost black market for such goods that would provide much needed inflows of capital to the Greek economy (outside of selling junk sovereign bonds and hoping pensioners die faster).