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New Democracy leader Antonis Samaras has been sworn in as Greek Prime Minister. Buy the rumor...

New Democracy leader Antonis Samaras has been sworn in as Greek Prime Minister. Buy the rumor sell the news? After moving higher by 33% over the past 2 weeks, the Athens 20 Index -2.2%, led by especially sharp falls in the banks.
Comments (9)
  • fatdaz
    , contributor
    Comments (15) | Send Message
     
    Has this coalition anymore chance of succeeding than those that came before ? I doubt it
    20 Jun 2012, 09:57 AM Reply Like
  • kmi
    , contributor
    Comments (3979) | Send Message
     
    There has been no other coalition government, the prior governments were single party.

     

    And yes, it does, because the primary agenda around which they are forming is that they will acquiesce to the terms of the last bailout.

     

    They claim to to be requesting adjustments but these will likely be minor as opposed to the wholesale renegotiation proposed by Syriza.

     

    Missed by the media camping out in Athens and unaware of the Greek populace in general is the fact that Tsipras lost a lot of momentum not because of his positions on the bailout or Greece's membership in the EU but because he held many unpopular and fringe positions on other issues, such as immigration.

     

    Had he been a more mainstream candidate in his ancillary positions he would likely have generated far more support than he did.

     

    Greece was never in any danger of leaving the Euro despite media hysteria. And yes it was a good trade, I thank the media for it.
    20 Jun 2012, 01:47 PM Reply Like
  • volosgirl
    , contributor
    Comments (20) | Send Message
     
    I'm very confused. I heard several comments coming from Germany that the bailout will not be renegotiated. Then I read this morning that Mr. Jenns Weidmann president of Bundesbank said that Greece must comply with the austerity rules given to them on the 2nd bailout. Now I heard this morning on Greek national Net TV Mr. Venizelious said that the newly formed conservative- government will travel to Brussels on June 29th to renegotiate the bailout terms. So I don't get it. Is the new Greek Government going to go there and be turned away or did I miss something here that Germany will renegotiate.
    20 Jun 2012, 10:39 AM Reply Like
  • kmi
    , contributor
    Comments (3979) | Send Message
     
    The conditions of the 'bailout' are many. What is likely going to happen is that the new government will attempt to get concessions on how much 'austerity' is being imposed, timeframes for bringing the budget under control and fixing the public sector and selling assets, that sort of thing.

     

    Nothing meaningful, like the actual amount of debt.
    20 Jun 2012, 01:51 PM Reply Like
  • Big Vince
    , contributor
    Comments (32) | Send Message
     
    I am more concerned over defaults in Lodi and Stockton California. My only concern about Greece is will they do well against Germany in the Euro Cup.
    20 Jun 2012, 11:22 AM Reply Like
  • kmi
    , contributor
    Comments (3979) | Send Message
     
    US based commentators routinely miss out how fundamental and important the Eurocup is to Europeans. Much like the Olympic games of Ancient Greece were part of what created the sense of unity and identity to the Greeks of the time, Eurocup is part of the identity of Europeans. And yes I know there are non EU participants, but the EU is not the authority on who is European.

     

    It will be interesting to see how the expansion of participants in the next cup affects or is affected by politics in the EU....

     

    I expect Germany to take the cup hah. But I don't think it will provide any insight into the political and economic world...
    20 Jun 2012, 01:58 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11015) | Send Message
     
    All is ok in Greece until a few months down the road or a new election. The long term turmoil is far from over and their financial predicament is far from solved.
    20 Jun 2012, 02:10 PM Reply Like
  • Big Vince
    , contributor
    Comments (32) | Send Message
     
    I am rooting for Portugal. I am in the construction business, which has a high number of Portuguese working on my job site. Now that Croatia and Ireland are out, I either root for Portugal, or I duck.
    20 Jun 2012, 02:11 PM Reply Like
  • Big Vince
    , contributor
    Comments (32) | Send Message
     
    Portugal versus Spain. Is this a game, or a commentary on the Euro sick sisters?
    24 Jun 2012, 09:37 AM Reply Like
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