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A very interesting piece by John Quiggin on changes of heart: Converts, Conversely. http://johnquiggin.com/2012/05/27/converts-conversely/ It links to some other very incisive comments.
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@ sean and all: you might have wondered, why the Magpie is Annabel Crabb's biggest fan? Here's the answer: "How to Finnish Speeding Clive". http://www.smh.com.au/opinion/politics/how-to-finnish-speeding-clive-20120526-1zbix.html?rand=1338041977313
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about 3 days ago from web
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Well, something funny for a change: http://robertpaulwolff.blogspot.com.au/2012/05/things-that-may-have-slipped-your.html
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@danny I don't know much about Tsipras, but some people seem to have an instinctive fear of anything even sounding like leftism. Martin Schulz, mentioned in another story at The Guardian, is a case in point. More telling: Schulz is SPD (say, Labour).
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@sean Thanks. I believe a run is possible, maybe even likely. But not just because of the Greek situation, but also because Rajoy may have made a mistake of epic proportions with the "tax evasion" amnesty announced as part of the budget.
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@magpie I don't think there's any hard data on net withdrawals yet, more people thinking that they would withdraw if they had Spanish deposits, so those who actually do might be thinking the same
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@magpie Tsipras seems sensible enough http://www.guardian.co.uk/world/2012/may/21/alexis-tsiparas-greece-interview-syriza but it's easy from opposition...
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@magpie no obvious problem at the moment, but some of them are still partly or entirely state-owned after the last bank crisis...
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@danny What's the problem with British banks?
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@sean So, you mean some depositors are indeed withdrawing their moneys?
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@magpie I'm paranoid enough about UK banks to keep track of how much of bank deposits are guaranteed by the government... If I were in Spain I'd be wondering how hard opening a German bank account would be.
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@magpie only speculation along the lines of "it Greece exits the euro, Spain could go too...if you had money in a Spanish bank, would you want to leave it there?"
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SBS Insight is showing a debate on Greece. Very good. The Syriza guy impressed me (so did the two Germans, but for opposite reason).
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@magpie Nice post. I've tweeted a link to it.
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@magpie comment up
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@sean Thanks! I thank you in your comment :-)
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@magpie agree with you in your post! https://twitter.com/#!/seancarmody/status/204160163463176193
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