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| Europe |
| Cash-strapped Greece turns to God for help |
| 2011-10-22 |
| As with any disaster, humans regularly turn to God for help and it seems the Greek government is no different The Greek Orthodox church – Greece's second largest landowner after the government – has come under fire for not paying enough in taxes on its assets. One group to join the protests in Athens against austerity measures is Make the Church Pay. Its members are fed-up with the inadequacy of the church administration to support their country in its hour of need. A similar Facebook group – Tax the Church – has 100,000 supporters. "They simply don't pay. They are so rich, and yet their contribution is minimal," says Theodora, one of the protesters. |
| Posted by:tipper |
| #5 More Mosques in France than Churches - the bulk of the NATO-EU has already been [legally]outflanked. With "EYES WIDE OPEN". ISLAM = RADICAL ISLAM? IS AT THE CHANNEL, + THE ROYAL NAVY ISN'T BIG ENOUGH OR STRONG ENOUGH ANYMORE TO EFFEC STOP THEM FROM CROSSING OVER, espec vee the Chunnel??? |
| Posted by: JosephMendiola 2011-10-22 22:15 |
| #4 It's starting to become clear now. Why did Buffett put all that money into BOA. I understand that BOA has shifted exposure to the banking side. So bailout will occur there first 20-60%. Bank of America Lynch[ing this] CountryWide's Equity Is Likely Worthess and It Will Rape FDIC Insured Accounts Going Bust Source: | 22 Oct 2011 | 4:50 am PST Get this, the derivatives people get first crack at FDIC money. Buffett is big in derivatives. Look, I'm just an average guy but this stinks. The dealer is looking out for the house. |
| Posted by: Dale 2011-10-22 10:50 |
| #3 BP have a look at who the bond holders are: http://www.businessinsider.com/the-20-parties-most-exposed-to-a-greek-default-2011-6?op=1 EU is going to shoot themselves in the foot. |
| Posted by: Dale 2011-10-22 10:20 |
| #2 FT Says "EU looks at 60% haircuts for Greek debt" |
| Posted by: Bright Pebbles 2011-10-22 10:03 |
| #1 20-50% write off for Greek bond holders. Soon to to happen. Italy is not far behind. Market is enjoying a false hope of recovery. What has been fixed?. When the shoe falls our Fed will ride in to rescue. Tremendous pressure on Ben to have things look good at election time. He has to hold out as long as possible to make this work at the right time. Each fix doesn't last as long as the previous one. In election times, business always drops for most in business, in my opinion. |
| Posted by: Dale 2011-10-22 09:33 |