Exit Polls Suggest Syriza Has Won Greek Election

[Sava]

The only Greenspan thoughts I'm curious to hear involve what Andrea Mitchell tastes like.

[C0ckney]

“It is not a decision where they are going to come to an agreement. All the cards are being held by the members of the eurozone.”

Greenspan also conceded that a Greek exit might trigger a meltdown in global financial markets: “I don’t think we have a choice.”

i love the way these statements directly contradict each other.

[pchang]

Greece should just accept the inevitable and petition to be the next US State.

Or at least start using the USD. http://charleshughsmith.blogspot.co....-might-be.html

[Sava]

Greece should just accept the inevitable and petition to be the next US State.

they'd be the 26th largest economy

better than redneckissippi

[Imran Siddiqui]

It would totally make Russia **** their pants

[Sava]

[Thoth]

It would totally make Russia **** their pants

http://youtu.be/381Di8Cw0-I?t=54s

[Dinner]

http://m.bbc.com/news/business-31532755

Grexit moves one step closer. Germany refuses to give a six month extension to Greece. They want the existing agreement followed before any new money is handed over and the princes in Greece can't believe that other people don't want to flush good money after bad. The line has been drawn, either Greece follows the existing agreement or it gets forced out.

I've said this all along. The Germans have to take a hard line or else all the other PIIGS will want the same and Germany can't afford that so it is make Greece live up to its side of the bargain or force it out time. The Euro can survive without Greece but it is doomed if it lets the Greeks blackmail everyone else.

There is a perfectly reasonable way for Greece to go forward (privatization and liberalization of the economy) but if they refuse it is better they are cut lose then allowed to suck the rest of Europe dry like a vampire because it doesn't want to grow up and be responsible.

[OneFootInTheGrave]

Ah, reading you are not.

The cool option is that Greece will exit and US will pick up the tab, as this is the best option for everyone .

http://www.marketwatch.com/story/why-the-us-will-have-to-bail-out-greece-2015-02-18?link=mw_home_kiosk

Freedom

[Dinner]

That opinion piece is full of wishful thinking. The Republican controlled Congress isn't going to vote to bailout Greece when there is an election next year.

[OneFootInTheGrave]

It would be amusing if it happened though, such a scenario is not totally off the cards anymore.

US is more likely to bully EU into doing something though.

[Hauldren Collider]

There's no way we're bailing out Greece. People here would be slightly reluctant to bailing out California.

[Imran Siddiqui]

US is more likely to bully EU into doing something though.

True. Folks were actually quite shocked the Germany didn't agree to the extension as the rest of the Troika was on board and it seemed like a done deal.

Of course Russia and China are more likely to be the ones to help Greece if they are forced from the Euro. And the US will be pissed at Germany for allowing it, as well as precipitating a global economic crisis - as everyone aside from Oerdin believes will happen if Greece leaves the Euro (Heck, even the Economist indicated that it would be the result).

[pchang]

There's no way we're bailing out Greece. People here would be slightly reluctant to bailing out California.

California has been subsidizing the rest of the country for decades. Places like West Virginia and Mississippi have been net recipients of Federal transfers for about the same amount of time.

[Dinner]

Not to mention the budget has been balanced for going on three years now. California never lacked the ability to pay, we just had ****stain Republicans who decided they just wanted to shut down the government and never do their job to pass a budget, the people punished Republicans by virtually eliminating them from elected office in this state and everything has run better without them. Reasonable compromises were made and the budget was pretty much instantly balanced.