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Greek euro exit flowchart

By Dan8267   Follow   Fri, 25 May 2012, 7:29pm   1,336 views   11 comments
In Boca Raton FL 33433   Watch (2)   Share   Quote   Permalink   Like   Dislike  

No matter what happens, Greek leaves the Euro.

http://static.guim.co.uk/interactivesaved/2012/5/24/1337867937303/451577/euro_greek_exit.swf

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1. gbenson Follow Befriend 16 threads 384 comments

   1   12:40am Sun 27 May 2012   Share   Quote   Permalink   Like   Dislike (1)   We are getting to watch the Tea Party's desired economic model for the US play out in Europe. (Wow, we tried some austerity and it didn't work, lets try more austerity! Hmm, that didn't work either, better try more austerity!) It ain't going to be pretty! Greece is sort of like a squatter whose home hasn't been foreclosed on yet.

2. iwog Follow Befriend (48) 274 threads 12,545 comments 47 male Lafayette, CA Premium

   2   12:51am Sun 27 May 2012   Share   Quote   Permalink   Like (2)   Dislike   We can either be Greece and shore up the holdings of rich people, or we can be like Iceland and let the banks fail and devalue the bonds and let rich people go away crying about their bad investments. Look at Greece and look at Iceland. I pick Iceland.

3. GraooGra Follow Befriend 14 threads 232 comments

   3   8:49am Sun 27 May 2012   Share   Quote   Permalink   Like (2)   Dislike   I like that UK flowchart. Did you realize that there is the third posibility? It can go circular forever. Greeks can agree to partial austerity then renegotiate it again and again and come back to this same point. That what they were doing for the couple of years anyway.

4. Dan8267 Follow Befriend (16) 763 threads 7,706 comments Boca Raton, FL Premium

   4   12:41pm Sun 27 May 2012   Share   Quote   Permalink   Like (1)   Dislike   iwog says We can either be Greece and shore up the holdings of rich people, or we can be like Iceland and let the banks fail and devalue the bonds and let rich people go away crying about their bad investments. Look at Greece and look at Iceland. I pick Iceland. Can I pick the Icelandic ladies and the Greek climate?

5. Dan8267 Follow Befriend (16) 763 threads 7,706 comments Boca Raton, FL Premium

   5   12:42pm Sun 27 May 2012   Share   Quote   Permalink   Like   Dislike   GraooGra says I like that UK flowchart. Did you realize that there is the third posibility? It can go circular forever. Yes, that's the first thing I noticed. It forces an infinite loop until Greece exits the Eurozone. Basically, it says that eventually Greece has to leave.

6. FortWayne Follow Befriend (13) 102 threads 3,763 comments

   6   7:31am Tue 29 May 2012   Share   Quote   Permalink   Like   Dislike   iwog says We can either be Greece and shore up the holdings of rich people, or we can be like Iceland and let the banks fail and devalue the bonds and let rich people go away crying about their bad investments. Look at Greece and look at Iceland. I pick Iceland. In our style of Democracy people don't get to choose, big government makes the choices for us.

7. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   7   7:54am Tue 29 May 2012   Share   Quote   Permalink   Like   Dislike   FortWayne says In our style of Democracy people don't get to choose, big government makes the choices for us. BIG GUBMINT now defined as BIG CORPORATIONs I believe I heard it first, on Jim Cramer's MAD MONEY. We have changed to "Of the Corporation, By the Corporation, For the Corporation !

8. michaelsch Follow Befriend 21 threads 581 comments South Pasadena, CA

   8   11:17am Thu 31 May 2012   Share   Quote   Permalink   Like   Dislike   GraooGra says It can go circular forever. Exactly! Looks like they will go into infinite loop. Add to this some elections every 3 months.

9. michaelsch Follow Befriend 21 threads 581 comments South Pasadena, CA

   9   11:26am Thu 31 May 2012   Share   Quote   Permalink   Like (1)   Dislike   iwog says Look at Greece and look at Iceland. I pick Iceland. Greece is not Iceland. Iceland population is somewhat 300 thousand. Greece's 11 million. About 35 times Iceland's. Prior to letting banks fail Iceland has secured a (practically free loan) of $5.5billion from Russia. Doing it Iceland style Greece would need to secure about $190billions of free loans.

10. zzyzzx Follow Befriend (9) 414 threads 4,133 comments Baltimore, MD

    10   11:46am Thu 31 May 2012   Share   Quote   Permalink   Like (1)   Dislike

11. KILLERJANE Follow Befriend (3) 12 threads 600 comments

    11   1:33pm Thu 31 May 2012   Share   Quote   Permalink   Like   Dislike   iwog says I pick Iceland. too cold, Greece for me.