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Post by WarMachineRhodey on Jul 5, 2015 14:30:02 GMT -5
www.forbes.com/sites/rogeraitken/2015/07/01/greeces-odds-74-to-exit-eurozone-with-betway-but-are-all-bets-off/
The Greek situation rolls on and as the country defaulted on a €1.6bn debt repayment to the International Monetary Fund (IMF ) yesterday, the country was marked up at 7/4 to leave the Eurozone within six months by online bookmaker Betway, the principal sponsor of West Ham United, a major sponsor of UK horse racing events and a provider of sports betting. But what of other bookmakers’ novelty odds on Greece.
The referendum called for this Sunday (5 July) could see the southern European state reject international creditors’ proposed loan conditions by voting ‘No’. Although the exact deal they would be voting on is slightly unclear as Greek government officials unilaterally abandoned the talks last Friday in Brussels.
With Alexis Tsipras, the Greek Prime Minister, having promised to resign if a ‘Yes’ vote is returned, Betway, with over 2m customers globally and licences in the UK, Belgium, Denmark, Germany, Italy and Spain, goes 2/5 that Greece will still be a part of the Eurozone at the end of this year.I didnt see a thread on this so i made one. This whole situation is a mess. I think bank runs have been going on in greece for 3 weeks to maybe a month in a half now. If greece exits the eurozone and refuses to pay off the debt that the imf says it owes then its gonna be a very interesting year.
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The Big Daddy C-Master
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Post by The Big Daddy C-Master on Jul 5, 2015 14:33:33 GMT -5
www.forbes.com/sites/rogeraitken/2015/07/01/greeces-odds-74-to-exit-eurozone-with-betway-but-are-all-bets-off/
The Greek situation rolls on and as the country defaulted on a €1.6bn debt repayment to the International Monetary Fund (IMF ) yesterday, the country was marked up at 7/4 to leave the Eurozone within six months by online bookmaker Betway, the principal sponsor of West Ham United, a major sponsor of UK horse racing events and a provider of sports betting. But what of other bookmakers’ novelty odds on Greece.
The referendum called for this Sunday (5 July) could see the southern European state reject international creditors’ proposed loan conditions by voting ‘No’. Although the exact deal they would be voting on is slightly unclear as Greek government officials unilaterally abandoned the talks last Friday in Brussels.
With Alexis Tsipras, the Greek Prime Minister, having promised to resign if a ‘Yes’ vote is returned, Betway, with over 2m customers globally and licences in the UK, Belgium, Denmark, Germany, Italy and Spain, goes 2/5 that Greece will still be a part of the Eurozone at the end of this year.I didnt see a thread on this so i made one. This whole situation is a mess. I think bank runs have been going on in greece for 3 weeks to maybe a month in a half now. If greece exits the eurozone and refuses to pay off the debt that the imf says it owes then its gonna be a very interesting year. Yea I meant to post on this: Greece is really a reflection of America and its own problems. We're headed there soon enough. |
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Post by WarMachineRhodey on Jul 5, 2015 14:41:37 GMT -5
Greece could start up a worldwide awakening if it exits the eurozone. Iceland gave the finger to the bankers refusing to pay off the illegal debt. I want to say Iceland took those responsible for trying to sell out the country to court and sentenced them for their crimes.
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The Big Daddy C-Master
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Post by The Big Daddy C-Master on Jul 5, 2015 15:02:53 GMT -5
Greece could start up a worldwide awakening if it exits the eurozone. Iceland gave the finger to the bankers refusing to pay off the illegal debt. I want to say Iceland took those responsible for trying to sell out the country to court and sentenced them for their crimes. That's how these socialists work. They vote to steal and steal until there's nothing else while flicking off their creditors. When they can't steal from the rich they descend into chaos. Socialism doesn't work. |
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Post by WarMachineRhodey on Jul 5, 2015 15:08:02 GMT -5
Greece could start up a worldwide awakening if it exits the eurozone. Iceland gave the finger to the bankers refusing to pay off the illegal debt. I want to say Iceland took those responsible for trying to sell out the country to court and sentenced them for their crimes. That's how these socialists work. They vote to steal and steal until there's nothing else while flicking off their creditors. When they can't steal from the rich they descend into chaos. Socialism doesn't work. yep. no such thing as something for nothing in this world. someone somewhere has to pick up the tab for so called "free" stuff. You heard about the puerto rico situation? i havent looked into it but it seemed to have come out of left field. obviously the pot was boiling for a while but now its boiling over. |
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The Big Daddy C-Master
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Post by The Big Daddy C-Master on Jul 5, 2015 15:15:05 GMT -5
That's how these socialists work. They vote to steal and steal until there's nothing else while flicking off their creditors. When they can't steal from the rich they descend into chaos. Socialism doesn't work. yep. no such thing as something for nothing in this world. someone somewhere has to pick up the tab for so called "free" stuff. You heard about the puerto rico situation? i havent looked into it but it seemed to have come out of left field. obviously the pot was boiling for a while but now its boiling over. That's because people have been brainwashed to think that all of these free things come from nowhere. Everything people use has to be produced from somewhere? Who produces it? Who provides the capital and comes up with the idea? The entrepreneurs. Yet you have these people saying they didn't do it and it was all luck and that people don't deserve what they earn. Despite all of the failures of socialism we still do it because politicians want to get elected, and people want things without having to earn them. On Puerto Rico: |
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Post by WarMachineRhodey on Jul 5, 2015 22:17:56 GMT -5
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The Big Daddy C-Master
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Post by The Big Daddy C-Master on Jul 6, 2015 5:04:01 GMT -5
"Today we celebrate the victory of democracy,"Famous last words.
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Post by JACK-2 on Jul 6, 2015 8:03:06 GMT -5
Yea I meant to post on this: Greece is really a reflection of America and its own problems. We're headed there soon enough. Greece is nothing compared to America. People emphasize the debt to GDP ratio, but in terms of hard numbers america is chalking up a cartoonish numbers here. I mean we're talking 18 trillion in hard numbers, that is insane. Greece at least has Germany or Switzerland to bail them out. Who's gonna bail out America? We're the brokest nation in history. |
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The Big Daddy C-Master
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Post by The Big Daddy C-Master on Jul 6, 2015 8:39:20 GMT -5
Right America has more debt than all debtor nations combined. We just get to print money and be the world's reserve currency. That's all that's holding us.
Greece and Detroit are wonderful examples of where we're headed.
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Post by JACK-2 on Jul 6, 2015 10:31:56 GMT -5
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The Big Daddy C-Master
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Post by The Big Daddy C-Master on Jul 6, 2015 12:44:39 GMT -5
Lol the Buffecit.
The truth is that stealing to pay for things won't work because stealing has consequences. People will just move and assets will lose value. People were promised free stuff and now they'll be upset when they don't get it. If we stayed free to begin with and people had to carry their own weight we wouldn't have this problem.
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Post by JACK-2 on Jul 6, 2015 13:03:07 GMT -5
Yeah, but this is insane. Government is spending like 139 billion a month and most of our gdp has been allocated to paying off debt interest. Once interest takes 100% of our GDP to pay off then thee party is over.
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The Big Daddy C-Master
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Post by The Big Daddy C-Master on Jul 6, 2015 15:17:22 GMT -5
Yeah, but this is insane. Government is spending like 139 billion a month and most of our gdp has been allocated to paying off debt interest. Once interest takes 100% of our GDP to pay off then thee party is over. It's past insane. It's more than any country - ever. If we raise interest rates we're in trouble hence why the federal reserve keeps them low and we keep inflating. We keep squeezing through with this behavior. Barely though. |
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