Trading Financial markets : Eurozone debt crisis

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Euler
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Fri Nov 15, 2013 11:17 am

Ireland to exit international bailout in December

Ireland is to make a clean break from its three-year 85bn euro (£71bn) bailout programme next month, without seeking precautionary funding.

http://www.bbc.co.uk/news/world-europe-24937245

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BJGardner
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Sat Jan 25, 2014 11:28 am

Shocked by this BBC report.

http://www.bbc.co.uk/news/business-25861717

Is HSBC the next Northern Rock?

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kelpie
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Sat Jan 25, 2014 11:48 am

BJGardner wrote:Shocked by this BBC report.

http://www.bbc.co.uk/news/business-25861717

Is HSBC the next Northern Rock?
Doubt it.

Just looks like anti-money laundering/anti-drugs/anti-jihadists. Maybe communicated wonky but reasonable.

They got burned in Mexico...

andyfuller
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Joined: Wed Mar 25, 2009 12:23 pm

Sat Jan 25, 2014 12:07 pm

Got burned in Mexico is one interpretation of what went on.....

As for this latest story, it is a non story imo. Staff just being a bit over the top with their checks whichs sounds like it is being sorted out with new guidance from Head Office.

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kelpie
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Sat Jan 25, 2014 12:33 pm

andyfuller wrote:Got burned in Mexico is one interpretation of what went on.....
that's much fairer comment :D

Yes... HSBC deceived in Mexico and got caught would have been a better description by me!!

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Euler
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Fri Apr 11, 2014 8:43 am

How things have changed in Greece

Huge investor demand for Greece bonds

http://www.bbc.co.uk/news/business-26967027

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superfrank
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Fri Apr 11, 2014 11:30 am

Euler wrote:How things have changed in Greece

Huge investor demand for Greece bonds

http://www.bbc.co.uk/news/business-26967027
they haven't changed, Greece is still royally screwed. the only reason there is appetite for these bonds is that the ECB have provided a backstop (promising to buy PIIGS bonds if the yield rises too high to prevent default), so it's 5% for zero risk to captial, which isn't bad in the current environment - especially if you're a bank that can borrow from central banks at virtually nothing and make the spread risk free.

just more market manipulation and crony capitalism.
The country's economic output has shrunk by a quarter and unemployment remains close to 28%. There are fewer Greeks employed than at any time in the past 33 years.
but "investors" are getting rich so everything must be just fine!

staker72
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Mon Apr 14, 2014 6:39 pm

Did anyone read an article on the BBC recently about trying to standardise how GDP'd ae calculated across Europe? In the UK Drugs and prostitution is calculated to add 10BN. Admittedly trivial but depending if there are any changes to consideration of the informal economy that is big in some countries those debt ratios could start to look a whole lot different

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superfrank
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Mon Jan 26, 2015 12:54 pm

so Greece votes in the socialists... 'can't say I blame the people, they've been royally screwed by their 'leaders'. Greece didn't get a bailout; the French and German banks who lent money to the Greek govt got the bailout.

what a coincidence that Draghi is allowed to print 1.1 trillion Euros a few days before the Greek elections to ensure markets remain propped up.

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Naffman
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Tue Feb 10, 2015 8:01 am

Greece to exit the Euro is 9/4, is it just me but I think they should be odds on...

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