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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Greece: Critical austerity vote amid protests, Supreme Court: New measures are unconstitutional!! Riots started!
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Poster Handle
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insertfunnyusername |
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Post Content
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I think that now that elections are over we'll start seeing the first domino's falling. Troika report coming is super-doom, not much have been done regarding reforms by the political system here, they were negotiating the new terms for 5 months now, don't think that anything can stop it from now on, only thing in question is if the collapse will be a controlled one or not.
Quoting: insertfunnyusername I'm not much of an economics guru, can you elaborate on what exactly is the difference between a controlled collapse and an uncontrolled one ?!  The PSI and haircut on the Greek debt was considered a credit event and an orderly default. The disorderly default will be a default that no safety mechanisms measures will be in place that could lead to the cds triggering and the domino effect. Compare it with a controlled demolition of a building vs an uncontrolled one.
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