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Debt crisis: Germany caves in over bond buying, bank aid...
The Telegraph ^ | 29 Jun 2012 | Bruno Waterfield

Posted on 06/28/2012 11:05:46 PM PDT by aquila48

On Thursday night, Italy and Spain plunged an EU summit into disarray by threatening to block “everything” unless Germany and other eurozone countries backed their demands for help.

Mario Monti, the Italian Prime Minister, celebrated the agreement, reached in the early hours of Friday, as a “very important deal for the future of the EU and the eurozone”.

He could not resist reminding Angela Merkel, the German Chancellor, that Italy had also won on the football pitch, by defeating Germany two goals to one for a place in the finals of the European Championship.

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


TOPICS: Business/Economy
KEYWORDS: eubonds; eucrisis; germany; merkel

1 posted on 06/28/2012 11:06:01 PM PDT by aquila48
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To: aquila48

The lunatics have taken over the asylum worldwide.


2 posted on 06/28/2012 11:18:16 PM PDT by mrsmel (One Who Can See)
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To: aquila48

And Merkel could be blackmailed this way only because they knew that the EU and the Euro is more important to German politicians than Germany. They are all traitors.


3 posted on 06/29/2012 1:03:27 AM PDT by cartan
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To: aquila48

Just like you knew it would. They nearly overplayed their hand.


4 posted on 06/29/2012 3:26:44 AM PDT by the invisib1e hand (they have no god but caesar)
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To: the invisib1e hand
When Germany's cleaned out financially,what hand will these socialist parasites have to play then?They all talk about kicking the can down the road,but we're getting near the end of the road.
5 posted on 06/29/2012 4:06:39 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: aquila48

The world is going to hell in a hand basket.


6 posted on 06/29/2012 5:01:53 AM PDT by bgill
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To: aquila48
Okay - Germany gave in and is going to support more bailouts.

But, when will the bailouts end?

most of the talking heads say this act will buy time for Europe to get its financial house in order. But, with more money available why should they?

If you agree that free money given to a politician, at any level, is the same as giving a drug addict free drugs what kind of result are you going to see?

To cure themselves from both addictions harsh love, saying “NO” and standing by it regardless of the screaming. is the only course that has any level of success. So, when will this tough love begin?

7 posted on 06/29/2012 5:24:35 AM PDT by Nip (TANSTAAFL and BOHICA)
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