Friday 17 June 2011

Friday Humour: Greek Crisis

"Apparently it is quiet on the streets of Athens this evening. The protesters are on strike. When the police went on strike last year, crime rates dropped!"

You gotta laugh when the Greek stock market looks like this:

Sadly I note the Greek stock market has a chart that looks identical to my own portfolio for the year!


Bill Quango MP said...

I warned you about Olives futures.

Anonymous said...

Greek debt crisis rests on a Foundation of US Banking Fraud.

Well, not just US banking fraud!

Anonymous said...

A Classic.

Anonymous said...

Bill Quango MP said...

Would it be so bad for the EU to do a face saver on Greece? Some weasel words that keeps all the doors open but actually lets them quit the Euro and start again.
Imagine the price of drachma priced Greek island property? or Greek holidays able to compete with Turkey like they did in the old days.
Tourism led recovery on the back of cheapest package deals available.

Merkel can use a version of a phrase that was doing the rounds here a few years back.

"Greece is moving to temporary private ownership..before rejoining the EU at a date to be determined in the future."

CityUnslicker said...

The end game is greece leaving the euro, that I am sure about. the question is maybe this year it maybe in 3 or 4.

Timbo614 said...

"Greece is moving to temporary private ownership..before rejoining the EU at a date to be determined in the future."

Richard Branson commented "Greece will be returned to EU membership after we have returned it to profitability. Greece will trade in their new currency (Virgins). Virgins are predicted to rise and fall rapidly during the transition .

To negate the effect of "Bad Brand Image" Greece and it's islands will be renamed 'The New Virgin Islands'. We forecast that The New Virgin Islands will be able to offer the cheapest all-in holidays on the planet as I now own the place, the currency and the way in and out".

Anonymous said...

Return to the EU?!?!?!?!?!

What the fuck for?!?!?!

Oh, that's avoid military encirclement (after financial death failed to take hold), and eventual military occupation, with ex leaders facing trials on trumped up charges for whatever takes western fancy, and cuts it with the sheep.

Remind me again why we fight Libya..apart from their bullion, and the fact that they were moving to establish a hard, (gold) currency together with various other oil producing states, who would ultimately demand payment for oil in gold..

Strange that the insurgents, portrayed by the west as rag-tag-and-bobtail, should chose to establish a new Libyan Central bank as one of their first priorities.

Never mind, given Libyan oil output shortfall, Saudi is no longer the swing producer, that honour moving to Russia.

It should be interesting watching the paper cartel future actions, specially from the western vantage point of debt serfdom, with national gold holdings being confiscated towards the centre.

James Higham said...

Why was that peak where it was? Looked like October.