tag:blogger.com,1999:blog-2875915890415125655.post3955303530306601515..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: When will the haircut and pain occur – Aus, UK, US and the PIGS government 10 year bond yields – June 2011 updateRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2875915890415125655.post-17762709130743901142011-06-03T10:13:42.193+01:002011-06-03T10:13:42.193+01:00> Leaving the Euro would increase their debts a...> Leaving the Euro would increase their debts and be pointless (the damage has been done)<br /><br />Agrred that what's been lost to date has gone, but it would give them self-determination. If, economically and stylistically they prefer a high-inflation economy and sell services then even a 100% debt forgiveness wouldn't help. The cycle would merely begin again.erminehttp://simple-living-in-suffolk.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-19940301949422156542011-06-02T21:16:10.393+01:002011-06-02T21:16:10.393+01:00From the Greek side, negotiated restructuring/repr...From the Greek side, negotiated restructuring/reprofiling would probably be best. Leaving the Euro would increase their debts and be pointless (the damage has been done). Unilateral default would be very popular domestically, but the long term consequences might be dire.KoRhttps://www.blogger.com/profile/11163824542900298686noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-70926390545396379692011-06-02T18:06:09.053+01:002011-06-02T18:06:09.053+01:00> Because for an elected government, the altern...> Because for an elected government, the alternative is suicide<br /><br />You can see that for the Germans forcing the issue, but for the Greeks it must be getting time for the 'in emergency break glass' button, being in the Euro isn't serving them at all!erminehttp://simple-living-in-suffolk.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-43371324297927227892011-06-02T16:41:06.080+01:002011-06-02T16:41:06.080+01:00Hi SG
I agree that it is political suicide. It ho...Hi SG<br /><br />I agree that it is political suicide. It however just goes to show again that the elected few are in it for themselves rather than for the long term good of the people. At some point somebody is going to have to deal with it. I guess it's like the banks and the financial crisis. They all "knew" they were doing "wrong" but just hoped they weren't RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-89118144866342971112011-06-01T18:23:56.748+01:002011-06-01T18:23:56.748+01:00> I just don’t understand why they don’t do it....> I just don’t understand why they don’t do it.<br /><br />Because for an elected government, the alternative is suicide. Any attempt at restructuring Greek and Portugue debt would require bailing out French and German banks which would sink any chance of future electoral success. Ireland would probably be next which might require further support for RBS and Lloyds. If Spain went the same way,KoRhttps://www.blogger.com/profile/11163824542900298686noreply@blogger.com