Greek Default

[system]

@shootforthestars1

You’re right but I was just referring to how Merkel and her team behaved in the last 24hrs. They proposed a “time out” to (I think) freak the hell out of everyone - then she tells a BBC reporter tht “…talks are difficult, we won’t pay any price…”

Next morning, I wake up to a no deal situation and tweets mostly from the german side that there may not be a deal - by the time I’m in my office, they announce a deal.

Now THIS is brinkmanship well played.

@I\_am\_the\_Highway

Everyone who thinks this things is over is a fool.

Well, it’s not over in that they are financially screwed and we will hear about this again in years to come. But it’s over for now in that there is a deal, just lots of details to work out. I don’t really see much probability of it not going thru. They have zero options, to delay again, is to get an even worse deal…this was already demonstrated.

[shootforthestars1]

@purealpha

@shootforthestars1

You’re right but I was just referring to how Merkel and her team behaved in the last 24hrs. They proposed a “time out” to (I think) freak the hell out of everyone - then she tells a BBC reporter tht “…talks are difficult, we won’t pay any price…”

Next morning, I wake up to a no deal situation and tweets mostly from the german side that there may not be a deal - by the time I’m in my office, they announce a deal.

Now THIS is brinkmanship well played.

Absolutely true - Germans are the best.

[I_am_the_Highway]

I am still waiting for the ouzo version of this clip:

https://www.youtube.com/watch?v=RLZUKqpXYzU

[system]

Athens stock exchange opens today, this might be entertaining…

Update: well, it’s “only” down 20%, with banks down 30%. Not quite as low as the bottom in 2012.

[igor555]

30 is limit

[ohai]

Incidentally, GREK tracked the opening prices pretty well, so there must have been some off shore exchange or other price discovery mechanism for these stocks.

[system]

^ Yeah, that’s true, it was spot on.