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http://sg.finance.yahoo.com/news/Papandreou-wins-vote-Greece-rsg-714106335.html?x=0

Sat - Nov 5, 2011, 15:19 By Harry Papachristou and Renee Maltezou

Greek PM. George Papandreou survived a parliamentary confidence vote on Sat, avoiding snap elections, stopping short of torpedoed Greece's debt crisis bailout deal and inflamed Euro zone's economic crisis, the nation remained mired in political, social and economic turmoil. Papandreou signalled he would stand down, a new coalition to ram, 130-billion-euro bailout deal through parliament and avoid the nation going bankrupt.

Papandreou's socialist govt won with 153 votes in the 300 member parliament, after he indicated that his term as PM was close to an end, rebellion by some dissidents in his PASOK party failed to materialise.

" The last thing I care about is my post. I don't care even if I am not re-elected. The time has come to make a new effort ... I never thought of politics as a profession," he told parliament before the vote.

Papandreou said the new coalition govt should secure the approval of the euro zone bailout deal, the nation's last financial lifeline.

teeth53 thot: He regretted calling for referendum, causing German and French Leader to demand and immediated answer. He should call for a national unity govt.

teeth53 ( Date: 03-Nov-2011 19:37) Posted:

What he does, is a shocking action of one man action, it is neither wrong and or right move, but shocking move, the referendum may not pass, pass Greek parliment before putting forward to the people's.

It may fail as his own political may perhap divided into two camp, a pro and a opposition.

http://sg.finance.yahoo.com/news/Euro-zone-mulls-Greek-exit-rb-146028151.html?x=0

Thurs: Greece's govt was on the brink of collapse, casting doubt on plans to hold a referendum on staying in the euro zone, as European leaders contemplated a Greek exit to preserve their single currency.

Greek PM George Papandreou chaired an emergency cabinet meeting in Athens, with his finance minister in revolt against a plebiscite, France and Germany gave Greeks an ultimatum to make up their minds.

alexchia01 ( Date: 03-Nov-2011 11:48) Posted:

Actually, Papandreou is not doing the wrong thing.

If the referendum goes through, he'll get the support of his people and EU help as well.

If the referendum does not goes through, Greek exit Euro. Greek will have the power to print their own money and slowly get out of debt themselves. Greek will no longer be such an EU problem, at least not a major one. EU will also have more resources to help the rest of the PIIGS. At the same time, the rest of the PIIGS will has another backdoor to solve their problems. Then all these EU problems become a individual country problems and less impact on the rest of the world.

Just my speculation. Smiley

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Saturday 5 Nov, 2011

REUTERS - Hundreds of millions of dollars of missing client funds from MF Global Holdings Ltd have been found in an account at JPMorgan Chase & Co, Bloomberg reported on Friday.

As of Oct. 31, the account had $658.8 million in it, Bloomberg reported, citing a person with knowledge of the matter.

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Was wondering about those 300 spartan warriors, when Greece PM remove and reappointed (reposition) several key military personnal. He may hav seen a military opposition will spoil his plan to convince the opposition to agree on a public referedum.

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In deed. A brilliant tactical move in his chess board.

A deal is make with between himself and the opposition, help by olive to bridge d gap ring by burning fire.

teeth53 ( Date: 03-Nov-2011 09:56) Posted:

Papandreou unexpectedly announced on Monday and a national referendum on coming Thursday's on EU debt deal, is taking a political gamble in an attempt to silence opposition to his policies.

teeth53 thot: He's taking, betting on a do or die with his poltical enemies by making it a public referendum, his act amounted to fighting fire with fire. Making it more uncertain for Euro zone in passing the dole to it Greek citzen , in which Greece citizens needed badly without further delay.

teeth53 ( Date: 02-Nov-2011 08:37) Posted:

Tis Greece PM even more garang then both of them. playing fire with fire.

He is not a crisis leader intime of need. He should hav call for a crisis meet - close door

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In d first place, why neber copy our money model. CPF kena stuck and can oni collect at 68 yo

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How come UBS rouge trader kena, this Jon did kena or not yet..?.

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http://www.google.com/hostednews/afp/article/ALeqM5h1A1dkR-J59Cz4oZ4TzwTpAmS-7w?docId=CNG.5beec088936d3ebfcad2951b2753d69a.211

Greece austerity vote: live report By Nick Morrison (AFP) – Jun 29, 2011

Greek PM scraps referendum on Greek debt plan -

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http://www.google.com/hostednews/afp/article/ALeqM5h1A1dkR-J59Cz4oZ4TzwTpAmS-7w?docId=CNG.5beec088936d3ebfcad2951b2753d69a.211

1510 GMT: Jean-Claude Juncker, the chairman of the eurozone finance ministers, says the way is now open for Greece to receive its fifth EU-IMF loan installment, my colleagues report from Brussels.

1500 GMT: The emergency funds Greek MPs have cleared the way for by voting through a new austerity plan represent the fifth tranche of a 110-billion-euro aid package agreed last year with the EU and the IMF, and are needed to prevent Greece defaulting on its mammoth debts.

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Even if and when 200 billion yuan is all pay out...there is still short fall of 49 billion. The short fall may perhap be theirs or form part of the theirs profit.

Is the 3 dozen publicly listed companies helping build the nation's high-speed rail network is going to be short changes for a while - in view of those train crash and investigation going on..?.

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http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html

This page will automatically update every 90 seconds (On / Off)

• Reports: Greek PM to offer resignation, coalition formed

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It a happy and profiting day for many...

Parkson

Op-1.050

Cls-1.130

Vol-35,566,000

1,361,000

1.130

1.140

6,000

Hi-1.180

Lo-1.045

teeth53 ( Date: 03-Nov-2011 09:22) Posted:

Profiters had stop profiting, new round (2nd) of trading bonus by Parkson BBs to retailers, to test high high -- $1.180 cents, then trade with care liao lohh...Happy trading oni for today and 2moro.

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http://sg.finance.yahoo.com/news/Euro-zone-mulls-Greek-exit-rb-146028151.html?x=0

Finance Minister Evangelos Venizelos issued a defiant statement, saying Greece's euro membership was a historic achievement and " cannot depend on a referendum." Venizelos, who was kept in the dark by his Socialist rival, opposed risking a public vote at this crucial moment.

Offical said " Under these conditions, a referendum is exactly what the country does not need," the source told Reuters, speaking on condition of anonymity.

More dissident lawmakers in the ruling PASOK party spoke out against a referendum and called for a national unity govt or early elections, casting a doubt on whether Papandreou can win a confidence vote on Friday or pass a bill to hold a plebiscite.

teeth thot: He shot himself for having done damaged to Euro for trying so hard to bring Greece along, (if it pass Greek parliment, it citizens is w/o dole, will hav to wait till Dec 2011) it going into more confuse, political chaos.

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What he does, is a shocking action of one man action, it is neither wrong and or right move, but shocking move, the referendum may not pass, pass Greek parliment before putting forward to the people's.

It may fail as his own political may perhap divided into two camp, a pro and a opposition.

http://sg.finance.yahoo.com/news/Euro-zone-mulls-Greek-exit-rb-146028151.html?x=0

Thurs: Greece's govt was on the brink of collapse, casting doubt on plans to hold a referendum on staying in the euro zone, as European leaders contemplated a Greek exit to preserve their single currency.

Greek PM George Papandreou chaired an emergency cabinet meeting in Athens, with his finance minister in revolt against a plebiscite, France and Germany gave Greeks an ultimatum to make up their minds.

alexchia01 ( Date: 03-Nov-2011 11:48) Posted:

Actually, Papandreou is not doing the wrong thing.

If the referendum goes through, he'll get the support of his people and EU help as well.

If the referendum does not goes through, Greek exit Euro. Greek will have the power to print their own money and slowly get out of debt themselves. Greek will no longer be such an EU problem, at least not a major one. EU will also have more resources to help the rest of the PIIGS. At the same time, the rest of the PIIGS will has another backdoor to solve their problems. Then all these EU problems become a individual country problems and less impact on the rest of the world.

Just my speculation. Smiley

teeth53 ( Date: 03-Nov-2011 09:56) Posted:

Papandreou unexpectedly announced on Monday and a national referendum on coming Thursday's on EU debt deal, is taking a political gamble in an attempt to silence opposition to his policies.

teeth53 thot: He's taking, betting on a do or die with his poltical enemies by making it a public referendum, his act amounted to fighting fire with fire. Making it more uncertain for Euro zone in passing the dole to it Greek citzen , in which Greece citizens needed badly without further delay

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Been in tis SJ forum since...in it first year. but in trading experience ever since SGX permited ages 21 yo

Juzztrade ( Date: 03-Nov-2011 13:18) Posted:

Aiyo !!! teeth53,

You have been in this forum since 2007...

Still going strong huh...

Best Rgds.

teeth53 ( Date: 03-Nov-2011 13:13) Posted:

It now trading into mid-after noon...

Parkson

Op-1.050

Cls-1.175

Vol-26,760,000

27,000

1.170

1.175

83,000

Hi-1.180

Lo-1.045

x 0

It now trading into mid-after noon...

Parkson

Op-1.050

Cls-1.175

Vol-26,760,000

27,000

1.170

1.175

83,000

Hi-1.180

Lo-1.045

x 0

Papandreou unexpectedly announced on Monday and a national referendum on coming Thursday's on EU debt deal, is taking a political gamble in an attempt to silence opposition to his policies.

teeth53 thot: He's taking, betting on a do or die with his poltical enemies by making it a public referendum, his act amounted to fighting fire with fire. Making it more uncertain for Euro zone in passing the dole to it Greek citzen , in which Greece citizens needed badly without further delay.

teeth53 ( Date: 02-Nov-2011 08:37) Posted:

Tis Greece PM even more garang then both of them. playing fire with fire.

He is not a crisis leader intime of need. He should hav call for a crisis meet - close door.

teeth53 ( Date: 01-Nov-2011 16:06) Posted:

Isit comparble to Madoff and or Lehman..?. think both and many others those out there to cheat..SAD :((

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Profiters had stop profiting, new round (2nd) of trading bonus by Parkson BBs to retailers, to test high high -- $1.180 cents, then trade with care liao lohh...Happy trading oni for today and 2moro.

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Profiter, profiting has oredi started after it hit high of $1.160 cents. Now trading @1.110

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Going $1.03 cents on opening....Happy trading.