Greece Default Looming?

[benyl]

Originally posted by gkAeris
can someone explain to a clueless person how this affects our dollar if it does.......


1. if they reach and sign the deal

2. if they don't reach a deal........

Greece is the least of our worries. If you work in Oil and Gas, be worried about this deal going through:

http://www.bbc.com/news/world-middle-east-33503793

$30 oil will be the new norm. Iran has 150 Billion barrels that they want to produce.

[max_boost]

What does $30 oil mean for yyc? Been so long I forgot.

[killramos]

Everything becomes the NE

[flipstah]

Originally posted by max_boost
What does $30 oil mean for yyc? Been so long I forgot.

Means I'm opening up shop to compete with Chinaman food.

Lechon 24/7

[Xtrema]

Originally posted by max_boost
What does $30 oil mean for yyc? Been so long I forgot.

Be glad that minimum wage is going to be $15/hr because that's all the jobs will pay in Alberta.

[max_boost]

So say good bye to all the leased BMW's? Beyonders moving back home? lol

We gonna party like it's 1999?

[2000impreza]

Originally posted by max_boost
What does $30 oil mean for yyc? Been so long I forgot.

What was the price of oil back in 2002 at the inception of beyond.ca?

[killramos]

With 30 dollar oil maybe ill finally get my flames tickets

[ZenOps]

Rumor has it that the banks have about 500 million euros in cash money left. Thats 45 Euros per person, after which there may not be any more money sent to Greece.

Even though they have a deal, it still has to be approved by the respective countries parliaments and private creditors.

BTW: This does show a failure of local democracy. The people voted no to Austerity. Of course, it will be shoved down their throats, probably what will hurt most is raising the retirement age from 58 to 67.

Maybe Greece had it right all along? Retirement should be at 58? It wouldn't make the creditors of the world happy though.

[JustinL]

Now Tsiparis to resign and a new election likely in September. Interesting.