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The Eurogroup gives its thumbs up to the election result and "looks forward to the swift...
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Sunday, June 17, 2012, 4:31 PM ETThe Eurogroup gives its thumbs up to the election result and "looks forward to the swift formation of a new Greek government that will take ownership of the adjustment program to which Greece and the Eurogroup earlier this year committed themselves." The Troika is expected to return to Athens upon formation of the new government to "exchange views" on the way forward. (full statement, .pdf)
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This news story has 36 comments:
US Open finish should prove WAY more interesting and exciting.
Shorting this pop
The never ending solution has been and continues to be "more debt" for the the debt problem. Some fix there...
The only question is how long this drags out before the inevitable occurs.
Default remains the final outcome because the funds cannot be earned to repay this level of constant theft.
They want to see the world collapse, disgusting thinking.
Meanwhile equities like LULU,CMG, ISRG, ULTA,UA continue to make new highs and new highs....love it.
The US is creating private sector jobs at it's fastest pace ever. The US is roaring back, poverty is being reduced, slowly but surely.
I am so late in reading these comments, but yes, I agree -- if we pick stocks smartly we can gain big --- you got it right on your list of equities. I would add WFM and my long held biotech VVUS with FDA approval 7/17! Fingers crossed! Think the guy was right about a rally -- no matter how bad the news the market tends to pick right up again.
The Greeks elected a new moderate president and I believe the Europeans will work it out. I think our economic recovery is definitely a rocky road but overall moving in right direction no matter what the "nattering nabobs of negativity" will say, especially during this election season. So many dependent on our country failing -- power is at stake.
Meanwhile, the clock is ticking on some key deadlines.
The government must identify additional budget cuts by the end of June to comply with the terms of its bailout program. If it fails to do so, analysts say the European Central Bank could cut off funding to Greek banks, which have already been drained of cash as deposits flee the country. In addition, Greece is facing a €3.9 billion bond redemption in August.
Also, US is slowing. Bad economic numbers last week. Is this a good reason to buy stocks?
But your boy Obama has managed to hit all these low points in less than 4 years. That's a record that speaks for itself.
You guys love to go at him like he came into office with a surplus and drove the country into the ditch. Get real!
This one was the whackiest of what you said. Your entrenched GOP teabag numbskulls wouldn't pass the debt ceiling bill, sat on their hands while investors (me) watched gains fading day after day, and then the downgrade came as the icing on the cake. Everyone who knows anything said it was an unecessary debacle and should have just been passed, like every year before it. But noooooo, you guys think you can take the country down and blame it all on Barack Obama ---- no f##king way. People are not THAT stupid.
I have been to Peru, Brazil and others and you have no idea what the word poor means. Ever seen a poor neighborhood in the US with rusted tin roofs and dirt floors? No power or running water?
Stop ranting about the poor, who are the best fed (obese), most taken care of people in the world. I am sure there are even free dental for poor in our country too if you just look for it. Go pay for their diabetes medication while your at because they won't eat healthy due to our doling out the government teet.