The chart above, courtesy of Bianco Research, is presented without comment

Category: Bailouts, Credit

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Greek Haircuts”

  1. mark says:

    Of course not. Eventually the Greek electorate will overthrow their Nazi German overlords. (Few Greeks have forgotten the sacking of Thessaloniki by Murad II let alone the German atrocities of WWII. They will eventually be forced into a scorched earth policy.)

  2. Chief Tomahawk says:

    The Euro has had quite a run recently.

  3. PeterR says:

    Haircut limit?

    “Bald is Beautiful!”

  4. rktbrkr says:

    Greek Limbo Rock

    Every Limbo boy and girl
    All around the Limbo World
    Gonna do the Limbo Rock
    All around the Limbo Club

    Jack, be Limbo! Jack, be quick!
    Jack, go under Limbo stick!
    All around the Limbo Club!
    Hey, let’s do the Limbo Rock!

    Limbo low now!
    Limbo low now!
    How low, can you go?

    with ECB and maybe central banks being excused from the haircut session there will be very little left for everybody else

  5. GeorgeBurnsWasRight says:

    We’ll see if the Greek public’s attitudes change with the upcoming election. If the new government withdraws from the EU, I predict the new haircut will be a mohawk.

  6. zot23 says:

    My only criticism of this chart is that the Y axis ends at 10%, to fully capture the entire drama (by the time all this is done), it should go to zero.