Skybird |
04-30-10 05:15 AM |
Quote:
Originally Posted by Bloomberg
“This is like Ebola,” Organization for Economic Cooperation and Development Secretary General Gurria told Bloomberg Television yesterday. “It’s threatening the stability of the financial system.”
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It's always a spectacle to hear politicians playing down things and voicing how optimistic they are and that things are under control - while things already are several turns ahead in the fall down the spiral and monetarian distaster numbers constantly climb and climb and climb.
The 600 billion being mentioned in the following report sure as hell will not be the last mark being reached. I estimate 300+ billion for Greece alone, and being in the trillions when considering Portugal, Ireland, Spain, Greece alltogether.
Meanwhile it is being reported that rich Greeks have smuggled 8 billion out of the country in the first two months of this year - while initially 8.5 billion German tax-bucks were mentioned to go into Greece (actually the german share currently is euphemistically maked at 30+ billion, which of course is just wishful thinking).
The lies and self-deceptions of the past 20 or 30 years are now going to gotcha us. Can't say I would shed a tear over the Eurozone collapsing and hopefully the EU suffering disruptive damage from it. Wer nicht hören will, muß fühlen.
http://www.bloomberg.com/apps/news?p...HqLT1CeQ&pos=2
http://www.welt.de/wirtschaft/articl...-Rechnung.html
Quote:
Originally Posted by Bloomberg
European policy makers may need to stump up as much as 600 billion euros ($794 billion) in aid or buy government bonds if they are to stamp out the region’s spreading fiscal crisis, said economists at JPMorgan Chase & Co. and Royal Bank of Scotland Group Plc.
(...)
A Greek agreement may not be enough to end a crisis that’s ricocheting through all euro-region markets and governments may have to come up with a blanket plan for the bloc as a whole, said Mackie. He calculates that in a worst-case contagion scenario, supporting Spain, Portugal and Ireland and Greece may require aid worth 8 percent of the gross domestic product of the rest of the region. That’s equivalent to about 600 billion euros.
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Quote:
Originally Posted by nikimcbee
(Post 1377984)
Deutchland uber alles. I think until the waiter brings them the check. Of course, the could annex a few states to pay for the debt...:hmmm:
Lebensraum anyone?
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That was really so damn funny, I pissed my pants in laughter.
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