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Sarkzy's head

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kwagga
Super Contributor
So France get's a socialistfor a new president and everyone gets nervous. This financial problems in Europe is far from over. I see some increasing risk on the horizon. Is that Gold or just the sun in the far distance.
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9 REPLIES 9
Blik
Super Contributor
well its certainly nothing shining out of greece's crack
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kwagga
Super Contributor
Greece are screwed. I smell a default coming.
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Mr_S
Super Contributor
I would actually like to know if and when these defaults could result in another global meltdown? Im simply waiting for the next drop in the markets so i can take advantage....2008 i was ignorant
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THRESHOLD
Super Contributor
Careful. When I was young I was ingnorant - but now I know everything!
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Rams
Super Contributor
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Rams
Super Contributor
and Sarkzy's head got him into trouble in the first place...and what if the IMF chaps head was not cut off..he be president
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raps
Frequent Contributor
But hey, he had a supermodel as a first lady. I think he topped Tony Blair's "cool Britania"
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J12
Frequent Contributor
If the new socialist government manages to pay off the debt with whatever socialist regime changes they enforce (e.g. raising tax rates on the rich), then actually there is not much risk... it depends on the outcomes of meetings and negotiations that they are going to have still. Maybe all the risk will subside just as soon as it started... then again, maybe they default and the whole world gets screwed up again. I think Greece may be a bigger issue. I think Greece has already had a technical default with haircuts on some of the debt (unsubstantiated claim). If Greece has a new government which pulls out of the Eurozone or defaults, then perhaps the domino effects will cause another meltdown, but if contained to Greece only, then everything should be ok...
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kwagga
Super Contributor
This thing is just going to drag on and on. Be prepared to endure some very frustrating trading/investing periods.
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