Greece tragedy around the corner, what about the markets?

[tescorank]

As we know the cans been kicked many times and bankruptcy happens rather quick when you rush around wanting to borrow more, so was it a wise decision to sell off my portfolio as surely the markets going to nosedive or am i just being pessimistic?

[Simpo Two]

Wouldn't Europe be better off without Greece? Who gets the interest payments/who's making the profit?

[rossub]

Surely the markets have priced this in as an inevitability already?

[jeff m2]

rossub said:

Surely the markets have priced this in as an inevitability already?

Impossible to completely price in all that can happen.
Grexit being the biggie, which the Greek people don't want but the Greek negotiators are moving toward.

I doubt (hope) that doesn't happen, this will probably be settled once the Greeks eventually implement tax reforms (consumption tax) which should get the loan discounted a little and pushed into the distant future which is what most expect.

My fantasy solution.

China steps in and takes over Piraeus (the port) then leases it to Russia in return for twenty year oil deal.

[Simpo Two]

I think we should buy Greece for £1 and use it as a holiday resort, free for all Britons.

[iambeowulf]

If Greece leave then Spain and Ireland will want to leave. And Britain of course.
The Euro would collapse and plunge us into another recession.

The dollar would triple and all the smug yanks would go around buying stuff. Like the Elgin Marbles. Which are not actually marbles.

We are all doomed I tell thee.

The upside for the Greeks is they will all have new cars as they've taken all their dosh out the banks and bought high-end cars. Or so I read online. Strange but true.

[rog007]

[rog007]