Greferendum

[Joe]

A "No" Victory Appears Probable: What Happens Next According To Deutsche Bank

• N1 – Soft deal: The most unlikely scenario is that the euro-area partners offer a much softer programme to Greece.
• N2 – Default-and-stay: Moderately less unlikely is a scenario where Greece defaults but stays in the euro thanks to a direct recapitalisation of Greek banks by the euro-area partners, with the Greek government using only domestic resources for the country’s fiscal needs.
• N3 – New deal: The third scenario is one in which the rising economic and political cost of a closed banking system results in the Syriza government being replaced by a new government of national unity and a new deal with creditors being reached.
• N4 – Grexit: In our view, Grexit and Scenario N3 are the most likely – with about equal probabilities.

 

[Rich One]

http://i.guim.co.uk/img/static/sys-images/Guardian/Pix/pictures/2015/7/5/1436118115720/799edebd-8401-4c26-9253-37bda37e4531-620x475.png?w=620&q=85&auto=format&sharp=10

 

[mikic007]

A "No" means that the ECB will have to negotiate. As Roubini said, a Greek exit would provoke bank runs across Europe.

Don't understand, EU already covered part of the debt and was willing to cover more, if Greece shows some initiative. What it looks like the money will go for capitalization directly, Greece out and everyone happy. It is simply to prevent more damage. If people will run to take money out of banks it will be due to negative interests...

 

[camberiu]

Don't understand, EU already covered part of the debt and was willing to cover more, if Greece shows some initiative. What it looks like the money will go for capitalization directly, Greece out and everyone happy. It is simply to prevent more damage. If people will run to take money out of banks it will be due to negative interests...

After Greece leaves the Euro and goes back to the Drachma, if you lived in one of the remaining PIIGS, would you leave your money on a local bank? Or would you, just to be safe, take it out and move it to a Dutch, German or Austrian institution?


I can tell you what I'd do.

 

[ajoknoblauch]

After Greece leaves the Euro and goes back to the Drachma, if you lived in one of the remaining PIIGS, would you leave your money on a local bank? Or would you, just to be safe, take it out and move it to a Dutch, German or Austrian institution?


I can tell you what I'd do.

Move it to Banco Nación?

 

[camberiu]

Move it to Banco Nación?

Might be safer than Bankia.

 

[thorsten]

 

[camberiu]

I think the Greeks took the correct move by saying "no". But without deep reforms, they are still screwed. They used to borrow with the same rates as Germany. That is over. Either they put the house in order, or it will be ugly for them moving forward, no matter if they are inside or outside the Eurozone.

 

[Joe]

Nuclear Option: Greece to unilaterally print Euros!?!?!?!
...

They want a new team installed, one that is willing to draw on the central bank's secret reserves, and to take the provocative step in extremis of creating euros.

"The first thing we must do is take away the keys to his office. We have to restore stability to the system, with or without the help of the ECB. We have the capacity to print €20 notes," said one.

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http://www.zerohedge...l-currency-nati

If Germany invades Greece which side will the USA take?!?!?!

 

[Bajo_cero2]

Depth reforms should be taken but austerity showed to destroy the economy. You like it or not, Argentina´s way was successful.