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The Euro Zone Mess

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Re: The Euro Zone Mess

Postby cyprusgrump » Fri Nov 09, 2012 7:17 pm

kimon07 wrote:
supporttheunderdog wrote:[Let us see what the next few days brings.


CHAOS! Mark my words.

The EU demonstrated an unbelievably and unprecedented fraudulent attitude towards Greece and humiliated its three party government today. For a month or so they were promising that as soon as the parliament would approve the new austerity measures which were agreed with the TROIKA the bailout installment of the 31 bil. would be released by the 11th of November. Today they said, sorry, we didn't mean it. Let's wait till February 2013. The government had pleaded for the new measures to be approved assuring that that would be the beginning of the come back. Instead, now they have to face what Tsipras was saying all along i.e., that it was all a lie. Result! Many MPs of the three coalition party government are abandoning their parties, let alone their supporters. For some reason which I don't understand, Germany and her friends are set to destroy the three ruling parties, bring Tsipras to power and Golden Dawn to the second place in votes. Maybe they are thus trying to have a good excuse for the uncontrolled developments which are about to follow. But what the heck. The phoenix has to be burned to ashes in order to be reborn. The thing is, this fire will not burn only the phoenix.


Has Germany finally realised that she can't afford it...?
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Re: The Euro Zone Mess

Postby supporttheunderdog » Fri Nov 09, 2012 10:45 pm

cyprusgrump wrote:
kimon07 wrote:
supporttheunderdog wrote:[Let us see what the next few days brings.


CHAOS! Mark my words.

The EU demonstrated an unbelievably and unprecedented fraudulent attitude towards Greece and humiliated its three party government today. For a month or so they were promising that as soon as the parliament would approve the new austerity measures which were agreed with the TROIKA the bailout installment of the 31 bil. would be released by the 11th of November. Today they said, sorry, we didn't mean it. Let's wait till February 2013. The government had pleaded for the new measures to be approved assuring that that would be the beginning of the come back. Instead, now they have to face what Tsipras was saying all along i.e., that it was all a lie. Result! Many MPs of the three coalition party government are abandoning their parties, let alone their supporters. For some reason which I don't understand, Germany and her friends are set to destroy the three ruling parties, bring Tsipras to power and Golden Dawn to the second place in votes. Maybe they are thus trying to have a good excuse for the uncontrolled developments which are about to follow. But what the heck. The phoenix has to be burned to ashes in order to be reborn. The thing is, this fire will not burn only the phoenix.


Has Germany finally realised that she can't afford it...?

and here is a story about someone trying to help
http://www.guardian.co.uk/world/2012/nov/09/greeks-brothel-owners-school-donation
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Re: The Euro Zone Mess

Postby kimon07 » Sat Nov 10, 2012 9:03 am

supporttheunderdog wrote:Has Germany finally realised that she can't afford it...?

and here is a story about someone trying to help
http://www.guardian.co.uk/world/2012/nov/09/greeks-brothel-owners-school-donation[/quote]

I heard her on a radio conference yesterday. She quite well educated and very well informed of the present situation and the problems. She declared that she will continue helping but without revealing the source from now on. I am seriously thinking of contributing to her effort by paying a visit to her "House of History".

Who will misunderstand me? You all know how fond I am of history. Right?
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Re: The Euro Zone Mess

Postby kimon07 » Sat Nov 10, 2012 9:20 am

cyprusgrump wrote:
kimon07 wrote:
supporttheunderdog wrote:[Let us see what the next few days brings.


CHAOS! Mark my words.

The EU demonstrated an unbelievably and unprecedented fraudulent attitude towards Greece and humiliated its three party government today. For a month or so they were promising that as soon as the parliament would approve the new austerity measures which were agreed with the TROIKA the bailout installment of the 31 bil. would be released by the 11th of November. Today they said, sorry, we didn't mean it. Let's wait till February 2013. The government had pleaded for the new measures to be approved assuring that that would be the beginning of the come back. Instead, now they have to face what Tsipras was saying all along i.e., that it was all a lie. Result! Many MPs of the three coalition party government are abandoning their parties, let alone their supporters. For some reason which I don't understand, Germany and her friends are set to destroy the three ruling parties, bring Tsipras to power and Golden Dawn to the second place in votes. Maybe they are thus trying to have a good excuse for the uncontrolled developments which are about to follow. But what the heck. The phoenix has to be burned to ashes in order to be reborn. The thing is, this fire will not burn only the phoenix.


Has Germany finally realised that she can't afford it...?


It seems to me that she brought things where she always wanted.
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Re: The Euro Zone Mess

Postby supporttheunderdog » Thu Dec 06, 2012 10:17 am

Global Shipping Industry’s Troubles Are Threat for Biggest German Banks
http://www.nytimes.com/2012/12/05/business/global/the-next-crisis-for-german-banks-isnt-greece-its-shipping.html?pagewanted=2&_r=0&smid=fb-share

Some German banks may need a bail-out due to profliagte lending, not to the PIIGS and Cyprus, but to Germans for shipping investment.
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Re: The Euro Zone Mess

Postby supporttheunderdog » Tue Jan 29, 2013 12:05 am

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Re: The Euro Zone Mess

Postby supporttheunderdog » Wed Feb 27, 2013 7:38 am

and there is more

Italy halts austerity plan leaving EU in turmoil.
Fears that deadlock will lengthen Italy's two-year recession and spill over into rest of the eurozone hit markets across Europe

http://www.guardian.co.uk/world/2013/feb/26/italy-election-austerity-eurozone-turmoil

Three years of German-led austerity and budget cuts aimed at saving the euro and retooling the European economy was left facing one of its biggest challenges as Italian voters' rejection of spending cuts and tax rises opened up a stark new fissure in European politics.

The governing stalemate in Rome and the vote in the general election – by a factor of three to two – against the austerity policies pursued by Italy's humiliated caretaker prime minister, Mario Monti, meant that the spending cuts and tax rises dictated by the eurozone would grind to a halt, risking a re-eruption of the euro crisis after six months of relative stability.

Fears that the deadlock will lengthen Italy's near two-year recession and spill over into the rest of the eurozone hit markets across Europe. The Italian banking sector fell 7% in value, dragging the main MIB stock market index 4% lower.

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Re: The Euro Zone Mess

Postby cyprusgrump » Wed Feb 27, 2013 8:47 am

supporttheunderdog wrote:and there is more

Italy halts austerity plan leaving EU in turmoil.
Fears that deadlock will lengthen Italy's two-year recession and spill over into rest of the eurozone hit markets across Europe

http://www.guardian.co.uk/world/2013/feb/26/italy-election-austerity-eurozone-turmoil

Three years of German-led austerity and budget cuts aimed at saving the euro and retooling the European economy was left facing one of its biggest challenges as Italian voters' rejection of spending cuts and tax rises opened up a stark new fissure in European politics.

The governing stalemate in Rome and the vote in the general election – by a factor of three to two – against the austerity policies pursued by Italy's humiliated caretaker prime minister, Mario Monti, meant that the spending cuts and tax rises dictated by the eurozone would grind to a halt, risking a re-eruption of the euro crisis after six months of relative stability.

Fears that the deadlock will lengthen Italy's near two-year recession and spill over into the rest of the eurozone hit markets across Europe. The Italian banking sector fell 7% in value, dragging the main MIB stock market index 4% lower.



It was an amazing election result!

Finally a politician with a spine that is prepared to speak out and tell it as it is!
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Re: The Euro Zone Mess

Postby supporttheunderdog » Sun Mar 03, 2013 12:18 pm

cyprusgrump wrote:
supporttheunderdog wrote:and there is more

Italy halts austerity plan leaving EU in turmoil.
Fears that deadlock will lengthen Italy's two-year recession and spill over into rest of the eurozone hit markets across Europe

http://www.guardian.co.uk/world/2013/feb/26/italy-election-austerity-eurozone-turmoil

Three years of German-led austerity and budget cuts aimed at saving the euro and retooling the European economy was left facing one of its biggest challenges as Italian voters' rejection of spending cuts and tax rises opened up a stark new fissure in European politics.

The governing stalemate in Rome and the vote in the general election – by a factor of three to two – against the austerity policies pursued by Italy's humiliated caretaker prime minister, Mario Monti, meant that the spending cuts and tax rises dictated by the eurozone would grind to a halt, risking a re-eruption of the euro crisis after six months of relative stability.

Fears that the deadlock will lengthen Italy's near two-year recession and spill over into the rest of the eurozone hit markets across Europe. The Italian banking sector fell 7% in value, dragging the main MIB stock market index 4% lower.



It was an amazing election result!

Finally a politician with a spine that is prepared to speak out and tell it as it is!


Beppe Grillo says Italy may soon have to pull out of euro - Telegraph
http://www.telegraph.co.uk/news/worldnews/europe/italy/9904270/Beppe-Grillo-says-Italy-may-soon-have-to-pull-out-of-euro.html

Beppe Grillo, the former comedian who holds the balance of power in Italy, has suggested the country may have to abandon the euro and return to the lire.
In an interview with a German magazine published on Saturday, Mr Grillo said that “if conditions do not change” Italy “will want” to leave the euro and return to its former national currency.
The 64-year-old comic-turned-political activist also said Italy needs to renegotiate its €2 trillion debt.
At 127 per cent of gross domestic product (GDP), it is the highest in the euro zone after Greece.
“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” he told Focus, a weekly news magazine.


Italy paralysed as Grillo plots exit route from euro - Telegraph
http://www.telegraph.co.uk/news/worldnews/europe/italy/9904979/Italy-paralysed-as-Grillo-plots-exit-route-from-euro.html
Italy plunged deeper into political chaos this weekend after Beppe Grillo, the quixotic former comedian who holds the balance of power in parliament, suggested that the country may have to abandon the euro and return to the lire.
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Re: The Euro Zone Mess

Postby DrCyprus » Sun Mar 03, 2013 7:45 pm

supporttheunderdog wrote:
cyprusgrump wrote:
supporttheunderdog wrote:and there is more

Italy halts austerity plan leaving EU in turmoil.
Fears that deadlock will lengthen Italy's two-year recession and spill over into rest of the eurozone hit markets across Europe

http://www.guardian.co.uk/world/2013/feb/26/italy-election-austerity-eurozone-turmoil

Three years of German-led austerity and budget cuts aimed at saving the euro and retooling the European economy was left facing one of its biggest challenges as Italian voters' rejection of spending cuts and tax rises opened up a stark new fissure in European politics.

The governing stalemate in Rome and the vote in the general election – by a factor of three to two – against the austerity policies pursued by Italy's humiliated caretaker prime minister, Mario Monti, meant that the spending cuts and tax rises dictated by the eurozone would grind to a halt, risking a re-eruption of the euro crisis after six months of relative stability.

Fears that the deadlock will lengthen Italy's near two-year recession and spill over into the rest of the eurozone hit markets across Europe. The Italian banking sector fell 7% in value, dragging the main MIB stock market index 4% lower.



It was an amazing election result!

Finally a politician with a spine that is prepared to speak out and tell it as it is!


Beppe Grillo says Italy may soon have to pull out of euro - Telegraph
http://www.telegraph.co.uk/news/worldnews/europe/italy/9904270/Beppe-Grillo-says-Italy-may-soon-have-to-pull-out-of-euro.html

Beppe Grillo, the former comedian who holds the balance of power in Italy, has suggested the country may have to abandon the euro and return to the lire.
In an interview with a German magazine published on Saturday, Mr Grillo said that “if conditions do not change” Italy “will want” to leave the euro and return to its former national currency.
The 64-year-old comic-turned-political activist also said Italy needs to renegotiate its €2 trillion debt.
At 127 per cent of gross domestic product (GDP), it is the highest in the euro zone after Greece.
“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” he told Focus, a weekly news magazine.


Italy paralysed as Grillo plots exit route from euro - Telegraph
http://www.telegraph.co.uk/news/worldnews/europe/italy/9904979/Italy-paralysed-as-Grillo-plots-exit-route-from-euro.html
Italy plunged deeper into political chaos this weekend after Beppe Grillo, the quixotic former comedian who holds the balance of power in parliament, suggested that the country may have to abandon the euro and return to the lire.


I like how they keep highlighting the fact that he used to be a comedian. At least, he is a professional comedian... unlike all the other politicians.
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