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February 20, 2015, 11:31:49 PM

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.


It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

We'll see. They only have 4 months to find a more permanent solution.

4 months is like nothing. They'll either get kicked out or Germany will leave the euro and send every other country to hell.

if germany leaves the € zone this would let to the collapse of the export industry since the new currency would revalue hard. the german export industry is untouchable, strongest lobby - for them a weak € is simply the best of all scenarios. those goods get really cheap and eliminate domnestic industries in targeted countries.  germanies trade surplusses are skyrocketing, surpassing even those of China. the currency war has started, greece is used as a strategic weappon.