UK 18:26 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
This website is about debate. You can respect or even like your colleagues and I am a massive admirer of Malcolm Stacey for the record. But you have to tell your friends when they are wrong. The way that Chris Oil looks at Flybe (HERE) is wrong and comrade Malcolm's comments on Greece and the Euro today (HERE) are wrong at every single level. I explain why in this podcast.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
Blimey , poor old Malcolm……………. having to pay for a 52 year old retired Greek teacher to lie on the beach all day . Its enough to make you want to chew a door . Something that Malcolm will be well practised at living as he does , In a Chew door residence that once accommodated Henry V111 for the night. One of many teeth marks I would hazard to guess . Good job the doors were made of solid oak in Chew door times .
Malcolm Stacey
Thanks, Wilders from my Chew Door Mansion here at Wolf Hall. Tom, you have some interesting theories there, but they probably won’t happen in practice. It’s well-known that anything that could happen usually doesn’t, especially if people have an opportunity to talk about things, rather than carrying them out.. I notice that the new Big Cheese of Greece has denied they will welsh on their debts. But we’ll see.
easyman
Problem is if they bend backwards to accommodate the new marxist greek government then they will wake up to new governments in spain and italy, portugal, maybe even france..all politely demanding an end to austerity. And they dont have the money to reduce the debts of all those much larger economies and so, id guess they might decide to make an example of greece, cut them loose from the euro and seal the borders. As you say they cant let them leave and do well out of it, but they cant let them stay in on a better deal either, so the only alternative is make an example of them.
Iceland was able to walk away from its debts because they were largely held by foreign countries which were large enough to absorb the pain in the short term. if/when the europeans walk away from their debt it will be a lot more painful.
I suspect the whole EU project is set to collapse sometime soon maybe this year.
1st of october anyone?