GREECE DEFAULT 是大好事

ctcld

right?

jamesmith

Greek's new leader got 2 things right:
Greek cannot repaid its current debt (175% of GDP)
the austerity policy previously was too excessive, the recent ECB QE shows that their thinking finally is changing

rightonmoney

希腊出去了对欧元区是好了，可美国就不会答应了。

小呵呵

jamesmith 发表于 2015-2-6 02:13 PM
Greek's new leader got 2 things right:
Greek cannot repaid its current debt (175% of GDP)
the au ...

“ the recent ECB QE shows that their thinking finally is changing”
烦请老大有空展开讲讲？谢谢。。

NG_NM

同意

acoust

{:8_442:}{:8_442:}

jamesmith

小呵呵 发表于 2015-2-7 03:00 AM
“ the recent ECB QE shows that their thinking finally is changing”
烦请老大有空展开讲 ...

the previous austerity policy was too excessive, for last couple of years creditor nations (mostly in Northern Europe, lead by Germany) set very harsh austerity target for Greece (and other nations in Europe to a lesser extend). The result is not satisfying. Few years have passed since 2010 crisis, unemployment still high, economy growth still low. Their thinking changed, Compare to austerity policy before, ECB (European Central Bank)  launched its long-awaited bid to revitalise the eurozone economy and counter deflation with a 60bn-a-month bond-buying programme that was far larger than investors had expected.

ECB QE will start at March 2015, and last up to September 2016. There are voices that want euro to devalue to 1:1 with USD.

Greek's new leader got 2 things right:
Greek cannot repaid its current debt (175% of GDP)
the austerity policy previously was too excessive, the recent ECB QE shows that their thinking finally is changing

They got one big thing very wrong, new Greek leader want creditors to take another write down of debt (up to 50%), this is almost impossible. I think Germany can only offer extension of current debt to longer period, but this probably won't satisfy Greeks. If Greece continue to push their demand, it is essentially pushing Europe to make some very tough decisions! It is easy to say just let Greece leave euro zone. But If Greece can leave, why not Portugal, Spain, Italy? The Euro zone is facing most difficult period since its creation.
We will see what happens when Greece need to pay back some of debt from first bailout in March and April this year.