tag:blogger.com,1999:blog-5187043.post805314206825875336..comments2024-03-29T05:13:18.992+00:00Comments on UK Commentators: A Few Thoughts On The Euro CrisisLabanhttp://www.blogger.com/profile/12031578024191117985noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-5187043.post-61105267139523327702016-11-27T16:17:28.864+00:002016-11-27T16:17:28.864+00:00Get daily ideas and guides for making THOUSANDS OF...Get daily ideas and guides for making <b>THOUSANDS OF DOLLARS per day</b> FROM HOME totally FREE. <br /><b><a href="http://syntaxlinks.com/money/?promotion=blogspot_c9184" rel="nofollow">GET FREE ACCESS TODAY</a></b>Bloggerhttps://www.blogger.com/profile/07287821785570247118noreply@blogger.comtag:blogger.com,1999:blog-5187043.post-88739461183504610162012-05-07T05:42:46.358+00:002012-05-07T05:42:46.358+00:00Thanks for share.Thanks for share.Burberry bags on salehttp://www.newbagsstore.comnoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-34713111798185557242011-11-25T21:05:02.525+00:002011-11-25T21:05:02.525+00:00XX dearieme said...
but haven't the Germans o...XX dearieme said...<br /> but haven't the Germans only just stopped making everyone do two years of National Service? XX<br /><br />12 to 18 months. And yes.<br /><br />Something about not being able to afford it because we have to pay for lazy bastard Greeks to carry on being lazy and bastards.Furor Teutonicushttps://www.blogger.com/profile/13856575077967523322noreply@blogger.comtag:blogger.com,1999:blog-5187043.post-90434745829157428492011-11-24T17:44:12.658+00:002011-11-24T17:44:12.658+00:00Currencies are going to be revamped into SDRs from...Currencies are going to be revamped into SDRs from CBs and funds like the IMF.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-5187043.post-10350239566931342852011-11-23T17:38:01.298+00:002011-11-23T17:38:01.298+00:00Barroso has today upped the ante with talk of ECB ...Barroso has today upped the ante with talk of ECB backed Euro denominated 'stability bonds' - a wheeze Merkel is sure to hate.<br /><br />Meanwhile the yield on German bunds yesterday topped 2%- stratospheric by recent standards.<br /><br />The 'Euro Crisis' in other words seems to have escalated a further notch- and I certainly wouldn't dare predict how it'll end.Marknoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-65687455692393218882011-11-23T00:00:36.569+00:002011-11-23T00:00:36.569+00:00"If there is another European war can we opt ..."If there is another European war can we opt out this time?" It would help if we got the troops home from Germany PDQ.deariemenoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-67732212058952689112011-11-22T23:58:30.785+00:002011-11-22T23:58:30.785+00:00"The Euro-militaries (with the possible excep..."The Euro-militaries (with the possible exception of France's) are so emaciated..": but haven't the Germans only just stopped making everyone do two years of National Service? Still, the French have nukes and the others don't. (Or say they don't. A friend of mine who worked in Switzerland half-suspected that they might have some.)deariemenoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-45764109310841383382011-11-22T22:27:35.733+00:002011-11-22T22:27:35.733+00:00May I add I don't dislike the Germans. On the...May I add I don't dislike the Germans. On the contrary...Foxy Brownhttps://www.blogger.com/profile/13492883615536847926noreply@blogger.comtag:blogger.com,1999:blog-5187043.post-37160226931670725212011-11-22T22:26:27.261+00:002011-11-22T22:26:27.261+00:00The long-deceased Nick Ridley was correct in his c...The long-deceased Nick Ridley was correct in his comment that the Euro-project was: "A German racket designed to take over the whole of Europe". Ultimately, he who pays the piper calls the tune.Foxy Brownhttps://www.blogger.com/profile/13492883615536847926noreply@blogger.comtag:blogger.com,1999:blog-5187043.post-75862190208061202422011-11-22T19:01:34.544+00:002011-11-22T19:01:34.544+00:00The term "Little Englander" was invented...The term "Little Englander" was invented at the time of the Boer War to describe the kind of liberal-left people who thought that Britain should not have an empire, and should merge her identity in Europe. In short, people like the Lib Dems or the BBC Euro-toadies of today.<br /><br />In those days, the pound sterling was the world's strongest currency and was backed by gold -- hence the Boer War, to ensure our control of the world's largest goldfields.<br /><br />These days the US dollar, backed by nothing, is the world's reserve currency. It is Uncle Sam's printing presses we should be worrying about, not Cousin Fritz's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-88449554348286790692011-11-22T17:09:26.649+00:002011-11-22T17:09:26.649+00:00Rompuy et al are setting up straw men of course bu...Rompuy et al are setting up straw men of course but we expect that from them anyway.<br /><br />"Continent of rape victims"<br /><br />And they have been raped again with the single currency.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-83030228102838751352011-11-22T16:01:57.316+00:002011-11-22T16:01:57.316+00:00Rompuy says...
In every member state, there are p...Rompuy says...<br /><br /><i>In every member state, there are people who believe their country can survive alone in the globalised world. It is more than an illusion: it is a lie.</i><br /><br />I've never been to Norway but from what I've heard it's not a charred wasteland, stalked by gibbering madmen.bensixnoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-85278427299775293692011-11-22T15:42:32.254+00:002011-11-22T15:42:32.254+00:00If there is another European war can we opt out th...If there is another European war can we opt out this time?<br /><br />The last two did not do us the slightest bit of good.Gallovidiannoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-48451723926971493492011-11-22T13:25:53.797+00:002011-11-22T13:25:53.797+00:00The Germans will print.
It is unavoidable.
It is m...The Germans will print.<br />It is unavoidable.<br />It is merely a question of when: before or after the euro breaks up?<br /><br />They will be compelled to do so EITHER to prevent the euro breaking up OR as a consequence of a brakup.<br /><br />To prevent it: bailouts on sufficient scale imply "eurobonds" which effectively means printing, fiscal union alone is not quick enough to outpace the collapse. <br />Direct massive ECB purchase of bank and govt. debt is required.<br /><br />As a consequence: because euro breakup and related defaults and finance crises would imply disaster for the German banks alongside a massive collapse in German exports. <br /><br />The German banks are massively exposed to PIIGS bonds directly (figures north of €68bn IIRC) and even more so indirectly via inter bank debts to French, Austrian and Dutch banks (many of which are effectively bust now) and in turn their governments. Never mind the question of who is left holding the ECB debt baby. <br /><br />And as Pepijn says, the Germans money is in their banks. No German government will let those savings be wiped out.<br /><br />So, either the banks are 1)nationalised outright or <br />2)the Bundesbank supports them. <br />(And fudging the issue by saying "OK, we let the banks fold but protect the depositors" makes no difference.)<br /><br />And the huge debt finance obligation for the German govt. of 1<br />(on top of a fiscal crisis due to collapsing tax revenues and rising unemployment benefit bills), ensure that either 1 or 2 mean in effect: the presses must and shall roll.<br /><br />We are way past the point where there are any real choices left.John Fhttps://www.blogger.com/profile/03717420808420714041noreply@blogger.comtag:blogger.com,1999:blog-5187043.post-87851819734904579542011-11-22T12:10:06.540+00:002011-11-22T12:10:06.540+00:00The Euro-militaries (with the possible exception o...The Euro-militaries (with the possible exception of France's) are so emaciated, they'd have a hard time waging any kind of war against each other, even if they wanted toYafflenoreply@blogger.comtag:blogger.com,1999:blog-5187043.post-43135333676454929042011-11-22T02:02:39.696+00:002011-11-22T02:02:39.696+00:00I think they will print if they can get away with ...I think they will print if they can get away with only Greece going down, but surely if Spain and Italy continue to be revealled to be in worse and worse condition too much printing would be required to have any effect?Anonymousnoreply@blogger.com