Greek crisis: the profiteers

On 27.6.2011 appeared in the "mirror" a sensational interview with Stefan Homburg, the Director of the Institute of Public Finance of the Leibniz Universität Hannover. The interview should be read carefully! This plain text is talking about the Greek crisis:

Homburg: "A number of banks and hedge funds can benefit from this business model Step one:. Sell the bonds of the country in step two. Bring the country into disrepute Step three:. Having bond prices have fallen, they buy low back. And last they chase the governments with the nonsense off like a bankruptcy would have devastating consequences. In a zero-sum game, there are not only losers like us taxpayers, but also winners. [...] After the Greek bonds were redeemed at full value, the player will turn to the next candidate, such as Portugal. Suffered by the creditors in Greece but losses, then they would give up this business model. In this respect too the rescue act problem-aggravating. "

And further: "In the last days I've even put a substantial sum in Greek bonds. You run another year and bring on success 25 percent return. Thus I sleep wonderfully, because I believe in the boundless stupidity of the German government. You will pay. "

Since only the question remains, how long the German Michel will leave the stocking cap over his eyes and pull his money out of his pocket!

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3 Responses to "Greek crisis: the profiteers"

  1. Gockeline Gockel (via Facebook) says:

    So it is, there are more and more the only benefit and win, the suffering of the people.I hope the business of these banks finally listened auf.Man could with Reglierungen.Aber not with the government.

  2. Konrad Fischer says:

    "As long as the German Michel will leave the stocking cap over his eyes and his money pull out of the bag!"?

    Until the millstone träget vines and it flows blut'ger wine!

    Konrad Fischer
    Apprentice Singer

  3. Franki says:

    Meanwhile, many wide characters make that Europe is going downhill! For example, if a country (Spain, Greece, Italy ...) are broke or just go bankrupt!
    This situation can no longer hide even before the media!
    Even America is slowly but surely "the spoon"! The question is where it is going in the future? What we want to earn our money in the future? Some try to even the financial market and see that you are a day trader to even be able to get involved in the financial market. Still others go in the completely opposite direction and prepare for the crash with survival equipment before.
    It is very exciting in any case! And we want to think positive;-) ...!

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