Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

someone has hurt fred's feelings .... shame!

Like the Thomas Cook board, he could have done things better.

Which neo con tea party waiter did that?

When I find the pipsqueak I will deal with him/her as necessary!

Greece cannot make June 5 IMF payment without deal - lawmaker

Business | Wed May 20, 2015 10:58am BST
Athens
For Reuters by Angeliki Koutantou and George Georgiopoulos

REUTERS/MURAD SEZER
Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government's parliamentary speaker said on Wednesday.

Athens faces several payments totalling about 1.5 billion euros (1 billion pounds) to the IMF next month and is in talks with the European Union and the International Monetary Fund to clinch a cash-for-reforms deal before it runs out of money.

"Now is the moment that negotiations are coming to a head. Now is the moment of truth, on June 5," parliamentary speaker Nikos Filis, from the ruling Syriza party, told ANT1 television.

"If there is no deal by then that will address the current funding problem, they won't get any money," he said.

Without access to debt markets or aid, the government has found itself locked in tough negotiations as coffers run dry.

RELATED COVERAGE

A payment of about 750 million euros to the IMF last week was only made after emptying a holding account at the Fund.

Talks with the European Union and International Monetary Fund lenders have dragged on for the past four months. A successful conclusion would release around 7.2 billion euros in aid, but talks have stumbled over pension and labour reform proposed by the creditors and resisted by Athens.

"There is no money for the foreign (lenders) when they have not given us any funds for a year," Filis said. "We don't have it to make the payment and this is part of the discussion."

He said the government would make sure that it has money to pay pensions and wages before servicing debt repayments to the IMF.

RELATED COVERAGE

Greece's European lenders on Tuesday played down Greece's hopes of a swift end to negotiations on an aid agreement and said talks needed to speed up before the country runs out of cash.

Filis said the government is seeking a deal that will not include further pension cuts, aiming for lower primary budget surpluses and a debt restructuring.

Doc,

Dunno if you get pay-per-view access, but this was posted on the Traders' Thread earlier today:

Here's a monthly fiber chart going back to before I was twinkle in my mummy's eye. Before 2000 it's priced from the DM equivalent.



The level around $1.05 is key imo. It bounced from it in the last couple of months, but looks set to put it back under pressure again over the next few weeks. If it breaks, it should be chocks away to the 2000 levels.

And this was posted later in response to the Greek lawmaker comments:

The bubbles are squeaking! Forget about the IMF, they've gotta pay their own folks first.

End of the month €1.7bn Public sector wages and benefits
5th June IMF loan €312m
12th June IMF loan €345m & €3.6bn T-bill redemption
16th June IMF loan €575m
19th June IMF loan €345m, T-bill redemption €1.6bn, ECB GGB coupons €85m
End of June €1.7bn public wages/benefits, end of EU bailout program extension

The next Eurogroup meeting is June 18th & 19th.

Thanks, Hils.

My £5 is actually on Greece exiting the Euro.

IYHO, will that bounce its value up or drop the Euro value down further?

ie. What do you think is priced in? A Greece Exit or an EU Deal?

In my humble opinion, Doc, Greece are too small to worry about and a Grexit is probably priced in. If there were any risk of contagion, Spanish and Italian 10's would be on the floor. They're not. Yields may be up from a month ago, but they're hardly at 2012 levels when the EZ crisis was at its height.

But, what's killing the euro at the moment is their QE, and that's the bigger story. The ECB lobbed a flamethrower at it on Monday, and there's no suggestion of any let up in sight.

Zero Hedge

My guess is that Greece will stay in. The EU is very worried about their exit. The only thing stopping a deal is that the current Greek government won't back down on leftish policies. Push comes to shove and Greece may give in to demands of more austerity.

We should threaten to chuck em out of the Eurovision Song Contest that'll sort um .

Things are so bad in Greece that production of hummus and taramosalata has stopped. It’s a double dip recession…

:))

Haystack,

The problem that Greece face is that the market clearly couldn't care less whether they stay or go, and Schabes & co know it. If the bubbles can't leverage the fear factor in their negotations, they'll probably have to accept more austerity as you say, which will leave them at odds with a populace that voted them in on their promises, and the long, protracted process will become even longer and more protracted.

Death by a thousand cuts. *Yawn*

The Emblem of the neo-con nasty party:

The leader of UKIP and the Neo-con of the Confidence Trickster party!

Have you ever thought of getting a hobby of some sort Fred , or have you a tortured mind/soul.

Victim,


Got a hobby which I enjoy.

It seems that it is more of a problem to you than me.

Perhaps, you are feeling victimised!

Poor lamb!

Fred , every time i click on this thread there is someone telling you to shut up .
At what point do you think you might stop with the pictures and politics and maybe move on to something else .

this IS his hobby

I don't feel victimised , I do feel for certain members of our society who are left to look after themselves , protect themselves from increasing threats . Whilst certain OK , foreign types can dump themselves and expect all the benefits our Nation has built up over the decades just because they can . Maybe that's too simply put for some . But I DON'T BLOODY HARP ON ABOUT DAY AFTER DAY .

Victim,

But you doing what you object to me doing.

To some it would suggest to some your are attempting to bully.

Also, you do appear to self centre and insular.

Perhaps, the cartoons are pricking your conscience.

Some of your contributions amuse me, but I have not objection to
you posting them even if I find them offensive.

Perhaps, you feel omniscient and only your opinions count!