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Spain is in 'total emergency’, the EU in total denial
The Telegraph ^ | 02 Jun 2012 | Janet Daley

Posted on 06/03/2012 7:39:52 PM PDT by Texas Fossil

After a Spanish exit from the euro, there would be nothing left to exit from.

I’ve never actually heard the term “total emergency” before, at least not in the context of global economics. It sounds like the title of a disaster movie. When it is uttered in sober tones by the elder statesman of an advanced democracy to describe his country’s financial condition, the effect is rather startling.

The man who delivered this apocalyptic judgment, former Spanish prime minister Felipe González, being a socialist, might be expected to detest austerity programmes that require cuts to government spending. But there seemed to be few disinterested observers of Spain’s economy prepared to quibble with his assessment.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Breaking News; Foreign Affairs; Germany; News/Current Events; Russia; United Kingdom
KEYWORDS: emergency; eu; eucrisis; europeanunion; exit; france; germany; globalcrisis; russia; spain; spaincrisis; unitedkingdom
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To: RegulatorCountry

Germans:

Top down rules and discipline.

No one questions authority.

Cost efficient to the point of insanity.

Now Belgium is another thing. My father said many of them had never left their villages their entire life. He had no trouble with them. They hired a local to help the company cook and they grew very fond of her skills.


61 posted on 06/03/2012 9:26:55 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Texas Fossil

I hear ya, but I’d go even further and state we must not only avoid foreign entanglements, but we MUST avoid imitating foreign nations to the complete dismissal of our founding documents and principles.

Communism, Socialism, Marxism..., these things don’t work, they’ve been proven not to work, and yet we find ourselves deeply entrenched in them here in the U. S.

It’s downright infuriating!


62 posted on 06/03/2012 9:28:37 PM PDT by DoughtyOne (This space for rent...)
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To: dfwgator

We’ll be lucky if it ends like Chile. Indonesia or Cambodia is more like it.


63 posted on 06/03/2012 9:30:17 PM PDT by Jim Noble ("The Germans: At your feet, or at your throat" - Winston Churchill)
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To: RegulatorCountry

My ancestors were not so lucky. They were running a wholesale extermination business and some got caught. Were hanged.

Others “dissappeared” into AR. No one heard from them until after the turn of the century.

Those were dark times. I do not believe we have had so much political corruption in the central government since that time.

But we are there again now.


64 posted on 06/03/2012 9:31:05 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: DoughtyOne

Yep, agreed.


65 posted on 06/03/2012 9:32:26 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: RegulatorCountry

Have a good evening my friend, must rest now. Full day tomorrow.


66 posted on 06/03/2012 9:35:25 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Texas Fossil

Thanks for the thanks. I’m near what most consider to be retirement age.

I’m relatively poor but won’t be idle and won’t complain about it. It’s time to do some real work and tinkering. Tomorrow won’t be for the licensed, authorized young folks of gossiping political regulator families (those local folks watching their neighbors more than themselves). It will be for those with honesty and technical trade abilities.

In my tenth grade American history class, our teacher once began the day’s class with, “You’re all spoiled rotten.” He was right about most of us back then. He was right about many of us Baby Boomers since then.

Daughter and I back-filled our gravity-fed water system in the middle of frozen nowhere with about 300 cubic yards of earth and rock with our hands and shovels. It would have been cheaper to have had a local backhoe operator do it, but we wanted to learn a few fundamental things, test ourselves and get stronger. No injuries and better health. [She’s an adult.]

We’re Americans.

Thanks again. Washington’s my favorite president from our history, BTW, and my great-grandfather was named after him. My first American ancestor, who landed on our northeast coast in 1669, was named after Abraham (and his first two sons after Isaac and Jacob).


67 posted on 06/03/2012 9:37:41 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: RegulatorCountry
When they've rolled over it was to live to fight another day...

That and the balance of your reply reminds me of something said about another European country, Poland:

"The soul of Poland is indestructible... she will rise again like a rock, which may for a spell be submerged by a tidal wave, but which remains a rock.” (Churchill)

68 posted on 06/03/2012 10:26:28 PM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: dfwgator

"This just in...Francisco Franco is still dead.

69 posted on 06/03/2012 10:37:07 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Lazlo in PA

Chevy isn’t worthy to shine Franco’s shoes.


70 posted on 06/03/2012 11:07:26 PM PDT by dfwgator
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To: Oldeconomybuyer

And some pixie dust!


71 posted on 06/04/2012 1:15:01 AM PDT by exnavy (May the Lord bless and keep our troops.)
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Comment #72 Removed by Moderator

To: Texas Fossil

The begining of the end for the EU.


73 posted on 06/04/2012 3:16:31 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: dfwgator

“Miss Me Yet?”

Si, mucho.

: )


74 posted on 06/04/2012 3:39:32 AM PDT by kearnyirish2
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To: Texas Fossil

“He then explained how they lost their property when De Gaulle gave it to the Arabs.”

France fought for years trying to keep Algeria; they couldn’t hold onto it because only 10% of the population was French. We did the same with the Philippines, Portugal did it in Angola - their positions were untenable.

(FWIW: I’m not defending De Gaulle)


75 posted on 06/04/2012 3:45:56 AM PDT by kearnyirish2
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To: Texas Fossil
"The basic question is that a German has to increase working from 65 to 67, and that is to pay for Greeks retiring at 50. The 17th of June is the perfect opportunity to say either 'we’ll behave' or 'we’ll carry on cheating'." -- Nick Dewhirst

76 posted on 06/04/2012 4:25:22 AM PDT by StAnDeliver (Only a guy who looks like Capt. Kangaroo could explain it so clearly...)
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To: Texas Fossil

I read where there was something like $800 million withdrawn in a single day last week (IIRC) but, I couldn’t find a link.


77 posted on 06/04/2012 4:31:32 AM PDT by wolfcreek (A closed eye mentality is the reason for our current reality)
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To: HiTech RedNeck

FL is a large and liquid market for ocean-crossing yachts. They might not get all of their money, but a lot is better than a little or nothing. Plus, they don’t always sell the yacht right away, but they can live on it for an extended period. Or they might not sell at all, but decide it’s a good time for some cruising, while awaiting developments in the Eurozone.


78 posted on 06/04/2012 4:33:24 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Texas Fossil

Found it!

http://worldnews.msnbc.msn.com/_news/2012/05/16/11729795-greeks-withdraw-894-million-in-a-day-is-this-beginning-of-a-run-on-banks?lite


79 posted on 06/04/2012 4:35:02 AM PDT by wolfcreek (A closed eye mentality is the reason for our current reality)
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To: C210N

alpha omega...hmmmmmm


80 posted on 06/04/2012 4:36:56 AM PDT by aces
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