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Re: Papa Bear post# 34

Monday, 01/05/2015 11:42:17 PM

Monday, January 05, 2015 11:42:17 PM

Post# of 37
Absolutely will be Greece, they are having a re-election the end of this month and if Tsipras wins, Greece may leave the Euro and go back to the Greek Dragma. Although European Talking Heads are shrugging this off as no big deal, if Greece leaves will any much bigger countries follow rather than go through austerity and stay in the Euro, thats the real question here....


http://www.nytimes.com/2015/01/06/world/europe/greeces-relationship-with-eurozone-is-tested-by-election.html?_r=0

Whats happening right now really appears to me like the deflationary event(on commodities in the summer-before market crash) we had back in 2008, could Greece be a Lehman type event in Europe?? Dont know its a small country and small economy but if Spain or Portugal decide to do the Same, look out.

Euro needs to implement a QE type of program immediately IMHO, well see what happens, should be interesting....

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