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French/Greeks elect nazis & the markets tumble.

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chunk
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French/Greeks elect nazis & the markets tumble.

Post by chunk »

Hollande became the first Socialist French President for over 20 years on Sunday night and the moment of his victory over Sarkozy to declare a fight back against Germany’s austerity policies.

On the same day in Greece, neo-Nazis entered the country’s parliament after national elections that wiped out mainstream parties that had supported austerity measures imposed by the EU.

http://www.telegraph.co.uk/news/worldne ... risis.html

Anybody think this makes privatization more or less likely?
The investors with money to spend are fearful of a European collapse.
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TrueBlueTerrier
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Re: French/Greeks elect nazis & the markets tumble.

Post by TrueBlueTerrier »

chunk wrote:
Hollande became the first Socialist French President for over 20 years on Sunday night and the moment of his victory over Sarkozy to declare a fight back against Germany’s austerity policies.

On the same day in Greece, neo-Nazis entered the country’s parliament after national elections that wiped out mainstream parties that had supported austerity measures imposed by the EU.

http://www.telegraph.co.uk/news/worldne ... risis.html

Anybody think this makes privatization more or less likely?
The investors with money to spend are fearful of a European collapse.
More likely in my opinion.

It looks to me as though a share issue is the way they are going for it, so they'll set the price low for political gain (the conservative sheep will buy) and to help their mates in the city make a quick killing. Even with 10% going to us, its a win win for the Conservatives in the short term, and a loss for everyone in the long term.
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chunk
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Re: French/Greeks elect nazis & the markets tumble.

Post by chunk »

The latest development of a hung parliament in greece and another election. could mean the expulsion of greece from the eurozone.
this is a story thats building slow but its repercussions will be felt here.
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DGP1
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Re: French/Greeks elect nazis & the markets tumble.

Post by DGP1 »

chunk wrote:The latest development of a hung parliament in greece and another election. could mean the expulsion of greece from the eurozone.
this is a story thats building slow but its repercussions will be felt here.
Maybe but we still need to buy things as will the rest of Europe, just because the Euro fails won't mean that we'll be in any worse state.
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