Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Eurobanks.

[TianMen1]

http://www.zerohedge.com/news/why-stability-stalwart-singapore-should-be-scared-if-feta-truly-accompli

"Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in European bank claims."



Now u know why LKY was going around telling pple to buy Euroland debt.

 

[SneeringTree]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

http://www.zerohedge.com/news/why-stability-stalwart-singapore-should-be-scared-if-feta-truly-accompli

"Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in European bank claims."

View attachment 4873



Now u know why LKY was going around telling pple to buy Euroland debt.

This is shocking and scary if it is really true!!!! If the Eurozone fails, we might just go bankrupt!

 

[coolguy]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

Now your know no one is to be trusted, except yourself.
I am surprised sinkies still like to put all their eggs in one basket.
E.g voting for a one party rule. Putting all their savings in one bank.

 

[zhihau]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

can start singing this song by the Everly Brothers...

Bye bye love
Bye bye happiness
Hello loneliness
I think I'm-a gonna cry

Bye bye love
Bye bye sweet caress
Hello emptiness
I feel like I could die
Bye bye my love goodbye

 

[rusty]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

This is shocking and scary if it is really true!!!! If the Eurozone fails, we might just go bankrupt!

I wish it is true
because there isn't any opposition party to pull us thru'
It is not because they are weak
It is because the people had been tweaked
PAP thinks they are strong
but I hope one day mother nature can prove them wrong
Floods and traffic jams
MRT breakdowns all they can

 

[Unrepented]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

If true, is it a one-off 60% hit on the GDP in the particular year or recurring effects on the GDP thereafter

This is shocking and scary if it is really true!!!! If the Eurozone fails, we might just go bankrupt!

 

[halsey02]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

Now your know no one is to be trusted, except yourself.
I am surprised sinkies still like to put all their eggs in one basket.
E.g voting for a one party rule. Putting all their savings in one bank.

and bending over allowing to be 'fark' day in & out, that is the 60% and they are loving it!! there is no check & balances.:p

 

[Kinana]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

Damn all those welfare Euro states!

 

[SneeringTree]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

Damn all those welfare Euro states!

Aren't you disgusted with yourself? I mean deep down aren't you ashamed that you are doing this? Or is this fun for you? Welfare states be damned but more reviling are those states, like Singapore, that condemn their social welfare polices yet invest in their currency without any moral.

 

[neddy]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

Damn all those welfare Euro states!

It is welfare for the rich which caused this. If the rich has decided that EU should not introduce the Euro, non of this would have happened.

Also, why did the rich think that the govt loans are risk free and pile on debts.

Welfare for the rich when govts bail out the banks when they are broke, but the rich get to keep the profit when banks make money.

Greece is reporting a budget surplus (austerity is working!) but the interests on its debts killed the economy further.

Blame it on the welfare states, protecting the RICH 1% !

 

[Kinana]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

It is welfare for the rich which caused this. If the rich has decided that EU should not introduce the Euro, non of this would have happened.

Also, why did the rich think that the govt loans are risk free and pile on debts.

Welfare for the rich when govts bail out the banks when they are broke, but the rich get to keep the profit when banks make money.

Greece is reporting a budget surplus (austerity is working!) but the interests on its debts killed the economy further.

Blame it on the welfare states, protecting the RICH 1% !

Its teh welfare for everybody that did it, not just for the rich. The rich don't need welfare anyway.

 

[Huat-Ah]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

Damn all those welfare Euro states!

IMHO bangladesh country is suitable for you Kinana Boy

Don't kong Jiao Wei Okay ? You are NOT in politics nor Finance.

 

[Cruxx]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

It is welfare for the rich which caused this. If the rich has decided that EU should not introduce the Euro, non of this would have happened.

Also, why did the rich think that the govt loans are risk free and pile on debts.

Welfare for the rich when govts bail out the banks when they are broke, but the rich get to keep the profit when banks make money.

Greece is reporting a budget surplus (austerity is working!) but the interests on its debts killed the economy further.

Blame it on the welfare states, protecting the RICH 1% !

Blame it on the inefficiency of Greek workers. They work harder than the lazy Germans and yet it's the Germans who are richer. Blame should be apportioned to the Greek government too when they colluded with Wall Street (notably Goldman Sachs) to borrow recklessly using complex derivatives that even bankers themselves don't understand while maintaining a facade of fiscal prudence. Quixotism is a natural accompaniment to greed. :(

 

[Cruxx]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

Its teh welfare for everybody that did it, not just for the rich. The rich don't need welfare anyway.

Which country has a public debt of 100.79% of GDP? Anti-welfare Singapore or the quintessential welfare state, Sweden? If I were you, I would stop embarrassing myself

 

[ah_phah]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

apparently, all the scholars ever know is syphoning $ from the electorates, dumping the $ in toxic investments, and when they lose $, they say its for loooooooooong term investments. and in the meantime, syphon more $ from the electorates to repeat the same process over & over.

and at the slightest improvements of the sunken investments, they claim they did the right thing, and give themselves fat bonuses

 

[TianMen1]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

http://www.zerohedge.com/news/google-shows-why-status-quo-powers-be-should-be-scared-very-scared?page=1

The volume of searches for the phrase 'Bank Run' has just hit an all-time high - higher now than even during the peak of the Lehman Brothers 'moment'. While English dominates the language choices, the Europeans (Dutch, Germans, and French) are extremely 'interested' as are the Chinese...but it appears the Singaporeans are running the most scared (as we noted here) is perhaps not surprising,

 

[TianMen1]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

http://blogs.wsj.com/searealtime/2012/03/16/lee-kuan-yew-euro-debt-might-be-a-good-buy-after-all/

“Now is a good time to invest in distressed and undervalued European assets, euro debts and euro bonds,” he wrote in the column, which also appears in the March 26 edition of Forbes Asia.

Mr. Lee, aged 88, last year stepped down as chairman of the Government of Singapore Investment Corp.–a state investment firm which by some external estimates manages a portfolio worth about US$300 billion–but he still serves as an adviser to the board.


This is what happens when people ignore the Omens.
So Omens have been long given to the sinkies.
Sinkie dun pay attention, ignore...
so enjoy.
now left with 2016.
still no action, enjoy even more.
though by then the EU bomb would have been triggered and things would be very very "interesting" in Sinkieland.

http://bloom.bg/JNUjzx
"Of the 122,600 jobs created in Singapore last year, about 70 percent, or 84,800 positions, went to foreigners."

 

[TianMen1]

Re: Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in Euroban

http://www.businessweek.com/news/2012-05-25/nigerian-may-reduce-reserves-of-euros-to-minimize-risk

Nigeria may reduce the portion of its foreign reserves kept in euros to minimize risk amid the European debt crisis, the central bank said.

***

Wonder what LKY would say...