What would happen if Greece went bankrupt?
If Greece defaults, 7 percent of the entire European Union financial institution liquidity disappears. Likewise, you cannot get paid in drachmas (Greece’s original currency) that are worth next to zero, and the Greek economy would likely still operate on Euros with or without EU approval. In fact, they’d be a constant 6% pain to the system through arbitrage.
The coming $600 trillion debt bubble
“As interest rates begin to rise worldwide, losses in derivatives may end up bankrupting a wide range of institutions, including municipalities, state governments, major insurance companies, top investment houses, commercial banks and universities.”
China To Sterilise 10,000 To Curb Births
Health authorities are planning to sterilise nearly 10,000 people in southern China over the next four days as part of a population control programme
JIM ROGERS: THE NEXT CRISIS IS ALREADY UNFOLDING
Kirby Daley, senior strategist at Newedge Group Jim Rogers claim the next crisis has already started to unfold as sovereign debt worries increase and global central banks only exacerbate the issues:
Millennials Are The Brokest Generation Ever
No group in America has been hit harder during the current recession than young adults. Millions of Americans are graduating from college with virtually no money, lots of debt and with very dim employment prospects
China opens missile plant in Iran
China inaugurated a missile plan in Iran last month, even as the United States and its allies were pressing Beijing to support a new round of tough economic sanctions on the Islamic Republic over its nuclear program, Jane's Defense Weekly reports.
New speed cameras trap motorists from space
A new type of speed cameras which can use satellites to measure average speed over long distances are being tested in Britain
U.S. Police may use trash to get a suspect's DNA
Police may sift through a suspect's trash, collect a genetic sample and send it off for DNA testing without a warrant, the state's highest court ruled last week in upholding a 2007 county rape conviction.
Hyperfast missile to hit anywhere in an hour
HAUNTED by the memory of a lost opportunity to kill Osama Bin Laden before he attacked the World Trade Center in New York, US military planners have won President Barack Obama’s support for a new generation of high-speed weapons that are intended to strike anywhere on Earth within an hour.
The ash cloud that never was: How volcanic plume over UK was only a twentieth of safe-flying limit and blunders led to ban
BBC lectures us incessantly on climate change. So why did their bosses make 68,000 domestic flights in two years?
Its viewers are frequently subjected to warnings about climate change. Yet the BBC has spent nearly £5million on tens of thousands of short-haul flights across Britain for its executives, staff and guests.
At a time when programmes regularly highlight the environmental impact of air travel, licence-fee payers have funded more than 68,000 internal trips over the past two years – an average of nearly 100 flights a day.
Ex-minister wants young jobless starved into work
THE former government minister Lord Jones has suggested that unemployed young people who refuse to look for a job should be “starved back to work” rather than continue to claim thousands of pounds in benefits.
Iran devises retaliation 'scenarios'
Amid threats of a nuclear attack against Iran, a top official with Iran's Armed Forces says the country has "retaliation scenarios" against any aggressor.
Climate change bill collapses in Senate
A long-awaited climate change bill that would put a price on excessive carbon emissions and generate billions of dollars has been postponed indefinitely.
Sunday, 25 April 2010
What would happen if Greece went bankrupt?
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