|
bosscerbera
8,050 posts
113 months
|
Telegraph said: Speaking at the conference Mr Hollande said that Europe should consider all possible measures that could spur economic activity and growth
....
"Everything must be put on the table, everything which could contribute to growth," he said referring to upcoming EU meetings.
"Including Eurobonds", apparently. Great idea for growth. What a dick.
|
|
|
GBB
1,652 posts
29 months
|
bosscerbera said: Telegraph said: Speaking at the conference Mr Hollande said that Europe should consider all possible measures that could spur economic activity and growth
....
"Everything must be put on the table, everything which could contribute to growth," he said referring to upcoming EU meetings.
"Including Eurobonds", apparently. Great idea for growth. What a dick. But not liberating labour markets, cutting public spending.... It's like watching someone with a gambling addiction. Gambles getting bigger and bigger but no acknowledgement of the underlying problem.
|
|
|
Mermaid
12,633 posts
41 months
|
bosscerbera said: "Including Eurobonds", apparently. Great idea for growth. What a dick. If they had issued Eurobonds at the outset, the mess would have been masked?
|
|
|
DJRC
20,094 posts
106 months
|
Rate difference quid to the euro of 2.5cts since the start of the month. That is a massive points difference and anybody shorting the Euro since April has and is making a fortune.
|
|
|
bosscerbera
8,050 posts
113 months
|
Mermaid said: bosscerbera said: "Including Eurobonds", apparently. Great idea for growth. What a dick. If they had issued Eurobonds at the outset, the mess would have been masked? Eurobonds simply mean an aggregation of european debt; they were baulked at when the skeletons were only just poking fingers through the key holes of the cupboards. Now they're fully out and dancing around the room who the hell wants to buy Eurobonds?
|
Advertisement
|
|
|
RichardD
3,287 posts
115 months
|
|
|
Mikeyboy
5,010 posts
105 months
|
bosscerbera said: Eurobonds simply mean an aggregation of european debt; they were baulked at when the skeletons were only just poking fingers through the key holes of the cupboards. Now they're fully out and dancing around the room who the hell wants to buy Eurobonds? never underestimate the stoopidity of the bond buying market. The Govvie bond market only exists after all becasue a con man told a bunch of french people that they will get their money back after the war. Louis XIV then had about 6 wars in succession paid for by the bonds.
|
|
|
Steffan
6,219 posts
98 months
|
Enricogto said: Wombat3 said: Italy may have the wherewithal to make it through but I suppose it depends on how much they lent to the other 2 or 3! Not that much really, but do you think the EU finacial system (and UK one fwiw) could cope with a 2tn € default after taking a previous 1.5tn hit from the combined previous three? If Italy goes, after max 3 days France goes and then it's Germany (if not in the same time as France, Germany's second bank it's italian...) time. What I don't get is the fact that politicians seems to not get the idea that we are like on the Titanic, 3rd class passengers will get their feet wet in advance, but in the end, if the game don't change, everyone will drown... I agree: and as Mermaid and others remind us this mess is ENTIRELY of the EU making. Bad decisions overlaid with arrogance and stupidity. No natural disaster here to blame. Just plain old fashioned greed, stupidity, weakness and overreaching themselves by, out of control, weak minded, self serving politicians. This has been wrongly set up from the start. Clearly, a monetary system cannot work, where the fiscal structure is left to the individual states, and the Central Bank and central EU control has no effect or real control over the expenditure of those states. We all know that now. But can the EU remedy this? I very much doubt it. Unfortunately once again it is the EU taxpayer that will suffer the consequences. Retirement on a fat pension is where Merkozy and Co are going. Turning to the rest of the HBAT's, I cannot see Spain, Portugal and Italy hanging on their threads much longer. It is absolutely obvious these countries have exactly the same structural deficiencies in economic output and cannot be sustained within the Euro. The time is up for the EU and the Euro. I do not think that this will continue, as it has, for much longer. Once Greece shows the way, and defaults, the pressure on the remainder of the HBAT's will rise rapidly. I think we are only seeing the` start of the slippery slope. The EU has a long way to fall: and fall it will. Sadly millions will suffer huge deprivations directly, as a result and the UK will be caught in the turbulence well and truly. Predicting the outcome is very difficult. I am inclined to foresee a new grouping of Northern European states around Germany with all of Scandinavia, Denmark, Finland, Sweden, Norway in this grouping and Austria, the Netherlands, Holland and pother satellite countries in the new mix. I have no idea what France` and Belgium will do, or indeed can actually do. But, as the Songbird said 50 years ago, 'The times they are A'Changing'.
|
|
|
Driller
5,240 posts
148 months
|
bosscerbera said: Telegraph said: Speaking at the conference Mr Hollande said that Europe should consider all possible measures that could spur economic activity and growth
....
"Everything must be put on the table, everything which could contribute to growth," he said referring to upcoming EU meetings.
"Including Eurobonds", apparently. Great idea for growth. What a dick. Everybody complained about Sarko but I knew it would be a catastrophe if this guy got into power. He's a nice chap but that's not what you want in a president really is it?
|
|
|
Gary11
3,506 posts
71 months
|
|
|
Mikeyboy
5,010 posts
105 months
|
Driller said: Everybody complained about Sarko but I knew it would be a catastrophe if this guy got into power. He's a nice chap but that's not what you want in a president really is it? he's not even a very nice chap according to Segolene Royale.
|
|
|
Crusoe
2,676 posts
101 months
|
|
|
Mermaid
12,633 posts
41 months
|
Mikeyboy said: Driller said: Everybody complained about Sarko but I knew it would be a catastrophe if this guy got into power. He's a nice chap but that's not what you want in a president really is it? he's not even a very nice chap according to Segolene Royale. & she thinks even less of his Hollande's companion at the Palace - she could have been there - in 2 different roles 
|
|
|
davepoth
20,179 posts
69 months
|
Mermaid said: & she thinks even less of his Hollande's companion at the Palace - she could have been there - in 2 different roles She probably is there in two roles - mother of his children and likely one of his ministers.
|
|
|
turbobloke
55,667 posts
130 months
|
davepoth said: Mermaid said: & she thinks even less of his Hollande's companion at the Palace - she could have been there - in 2 different roles She probably is there in two roles - mother of his children and likely one of his ministers. No ex sex? Possibly three roles after a couple of rolls...
|
|
|
Steffan
6,219 posts
98 months
|
Latest from the Beeb: http://www.bbc.co.uk/news/business-18084700Which does suggests that Mervyn King is as doubtful about the Euro/EU as the rest of the world. After the event, of course. Interesting that both Eddie George and Mervyn King Governor's of the BofE when the Banking Collapse took effect, are still, generally, highly regarded. Despite the pair being in office during the period before the collapse when the situation, was steadily building up. Unnoticed until Northern Rock folded. I appreciate that the FSA was primarily responsible but we British are a forgiving lot. The FSA is of course, still, as completely useless as they always were and costing even more. Neither the FSA nor the BofE will predict the next collapse. Not in their personal interests, sadly.
|
|
|
Andrew[MG]
2,424 posts
68 months
|
Steffan said: I appreciate that the FSA was primarily responsible but we British are a forgiving lot. The FSA is of course, still, as completely useless as they always were and costing even more. Neither the FSA nor the BofE will predict the next collapse. Not in their personal interests, sadly.
I bet it's a terrible place to work for anyone who isn't at the top. The pressure to report everything and nothing must be immense.
|
|
|
Crusoe
2,676 posts
101 months
|
Looks like the Greek bank run is in full swing, according to some twitter feeds twitter said: almost all ATM's are empty. There aren't any lines to see at all. It just shows "out of order". Shops and restaurants are refusing credit card and ask for cash... 
|
|
|
eharding
6,404 posts
154 months
|
Crusoe said: Looks like the Greek bank run is in full swing, according to some twitter feeds twitter said: almost all ATM's are empty. There aren't any lines to see at all. It just shows "out of order". Shops and restaurants are refusing credit card and ask for cash... Is that Sarkozy busking with the squeeze-box? Poor little bleeder - that fall from grace didn't take long. One day you're the President of France, the next you're busking for money to a queue of people who don't have any money. Tough times indeed.
|
|
|
WhoseGeneration
4,090 posts
77 months
|
|
