Germany agrees to Greek help

Here is the "famous speculator" of mr. Papandreou & C....
[link]
(Luigi, 24 March 2010 10:47

As usual,you read a line somewhere about the Greek crisis but you're never able to grasp the full picture.

Here again you try to compare
apples with oranges.The Hellenic Postbank is a long-term holder of Greek goverment bonds,the speculators are not.

Read the following:

Swaps weren’t bought as a bet on a possible default by Greece, Angelos Philippides the banks former CEO told Skai radio today.

There’s a major difference between using financial products like CDS as hedging interests and using naked CDS, when you don’t have a position,” Philippides said. “Speculators buy naked CDS. They don’t have 5 billion of bonds and buy 1 billion CDS. If the country went worse, the speculators would gain. We, if the country went worse, we would’ve made losses; we just wouldn’t have lost as much as if we were uninsured.”

The speculators are one part of the equation.The other part is Greece itself and we alone have to figure out how to get out of this mess because nobody is going to do it for us.

Even if Greece was helped out by the EU there would still be countries like Italy and Spain which are too big to be bailed out.

Luigi we have repeatedly seen your links as well as your comments. You don't have to "copy-paste" them in every single article relating Greece. I understand your "need" to throw mud at Greece, but at least do it in a more proper way.

The fact that Greece has been targeted by speculators has been publically admitted by numerous EU officials, as well as politicians from EU goverments multiple times. Even the French president publically admitted some days ago. So, it is not "rumor", it is a fact. And based on that undeniable fact, EU is planning official measures to set rules in the transactions of the EU goverments with international markets.

So, you might want to present Greece as the only responsible but unfortunately no person believes that anymore. Only some fanatic anti-greek Albanians...

As I said again: Stay focused on your little poor Albania that even under no-crisis is constantly and by far the poorest and the most corrupt country in Europe... ask the 1 million Albanians living in Greece about that.

Here is the "famous speculator" of mr. Papandreou & C....
http://www.zerohedge.com/article/biggest-greek-cds-speculator-has-been-uncovered-culprit-greek-state-controlled-hellenic-post

While the "Greek "people on this forum continue to blame the "evil forces" for the domestic mess , someone from Athens already knows everything .. http://www.zerohedge.com/article/bank-greece-had-warned-about-exploding-credit-spreads-february-2009-says-administration-agai

Here is the "famous speculator" of mr. Papandreou & C....
http://www.zerohedge.com/article/biggest-greek-cds-speculator-has-been-uncovered-culprit-greek-state-controlled-hellenic-post

While the "Greek "people on this forum continue to blame the "evil forces" for the domestic mess , someone from Athens already knows everything .. http://www.zerohedge.com/article/bank-greece-had-warned-about-exploding-credit-spreads-february-2009-says-administration-agai

Luigi we have repeatedly seen your links as well as your comments. You don't have to "copy-paste" them in every single article relating Greece. I understand your "need" to throw mud at Greece, but at least do it in a more proper way.

The fact that Greece has been targeted by speculators has been publically admitted by numerous EU officials, as well as politicians from EU goverments multiple times. Even the French president publically admitted some days ago. So, it is not "rumor", it is a fact. And based on that undeniable fact, EU is planning official measures to set rules in the transactions of the EU goverments with international markets.

So, you might want to present Greece as the only responsible but unfortunately no person believes that anymore. Only some fanatic anti-greek Albanians...

As I said again: Stay focused on your little poor Albania that even under no-crisis is constantly and by far the poorest and the most corrupt country in Europe... ask the 1 million Albanians living in Greece about that.

Here is the "famous speculator" of mr. Papandreou & C....
[link]
(Luigi, 24 March 2010 10:47

As usual,you read a line somewhere about the Greek crisis but you're never able to grasp the full picture.

Here again you try to compare
apples with oranges.The Hellenic Postbank is a long-term holder of Greek goverment bonds,the speculators are not.

Read the following:

Swaps weren’t bought as a bet on a possible default by Greece, Angelos Philippides the banks former CEO told Skai radio today.

There’s a major difference between using financial products like CDS as hedging interests and using naked CDS, when you don’t have a position,” Philippides said. “Speculators buy naked CDS. They don’t have 5 billion of bonds and buy 1 billion CDS. If the country went worse, the speculators would gain. We, if the country went worse, we would’ve made losses; we just wouldn’t have lost as much as if we were uninsured.”

The speculators are one part of the equation.The other part is Greece itself and we alone have to figure out how to get out of this mess because nobody is going to do it for us.

Even if Greece was helped out by the EU there would still be countries like Italy and Spain which are too big to be bailed out.