Comments on: Chart of the day, Euro bailout edition http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: scotta http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32470 Fri, 28 Oct 2011 02:07:23 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32470 1) Write down 50% of bank-held Greece Debt
2) ?????????????
3) Problem Solved!

]]>
By: y2kurtus http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32465 Fri, 28 Oct 2011 01:33:47 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32465 What I don’t get is how the CDS don’t get triggered by a 50% haircut.

If the swap is voluntary than NO ONE is signing up for a 50% haircut… that’s just stupid on it’s.

If the swap is involutary than it’s a default by ANY measure… I mean if a 50% haircut isn’t a credit event than soverign CDS are a joke and that market just evaporated overnight.

]]>
By: AndrewBurton http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32461 Fri, 28 Oct 2011 00:37:45 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32461 I think I get it.

Underpants Banker: What’s step 4?
Other Underpants Banker: Step 5 is profit! Get it?
European taxpayers: We don’t get it.

]]>
By: AussieRed http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32455 Thu, 27 Oct 2011 22:38:13 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32455 Wwho cares. It’s great and tells the world about the realities of Euro style dealing. I also like the outsourcing of the financing to China etc. The eurozone is broke, Wonderful. Didn’t we see this in a Senate hearing, has the title Abacus or Timberwolf been hidden? I think Goldman Sachs should be able to package the whole thing and then sell CDS and short the eurozone as a whole, with the Chinese providing chump money? Where’s John Faulson when you really need him?

]]>
By: Virgule82 http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32451 Thu, 27 Oct 2011 20:58:47 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32451 TherealADMP:
As someone who works for the European commission, I can assure that almost all European-level discussions are in English and almost everyone (maybe not the French) write notes in English since it’s the language of discussion. It seems completely plausible that this would be done in English

]]>
By: KraftPaper http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32441 Thu, 27 Oct 2011 17:33:21 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32441 I think the way this works is everyone puts up a quarter. They sell that four times.

]]>
By: charut http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32428 Thu, 27 Oct 2011 16:32:20 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32428 This is finally real.
http://cache.ohinternet.com/images/3/39/ Gnomes_-_Profit.png

]]>
By: therealADMP http://blogs.reuters.com/felix-salmon/2011/10/27/chart-of-the-day-euro-bailout-edition/comment-page-1/#comment-32427 Thu, 27 Oct 2011 16:26:02 +0000 http://blogs.reuters.com/felix-salmon/?p=10770#comment-32427 Other than the Irish, there are no native English speakers involved. How do we explain that? If it were the Germans, it would be in German and so on. I detect a fake.

]]>