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Desperate fight to save the euro
new media blog ^ | 11/24/10 | Sean O'Grady, Economics Editor

Posted on 11/24/2010 9:25:38 PM PST by Nachum

Independent [UK], by Sean O'Grady Posted By: Photoonist- Thu, 25 Nov 2010 03:58:53 GMT The euro plunged further into crisis yesterday as investors sold off Spanish, Portuguese and Belgian government bonds in record numbers on renewed fears that those nations would follow Greece and Ireland into the financial emergency ward, undermining confidence in the single currency. The spreading contagion suggests that the markets now view the break'up of the euro as a realistic possibility, (Snip) There were also what analysts called "clear signs of stress" across the European financial system, as banks were forced to turn to the European Central Bank for emergency funding.

(Excerpt) Read more at newmediablog.com ...


TOPICS: News/Current Events
KEYWORDS: desperate; euro; fight; futility; maed; save

1 posted on 11/24/2010 9:25:42 PM PST by Nachum
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To: Nachum

Mutually Assured Economic Destruction


2 posted on 11/24/2010 9:29:00 PM PST by Kimberly GG ("Path to Citizenship" Amnesty candidates will NOT get my vote! DeMint, 2012)
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To: Nachum
The euro plunged further into crisis yesterday as investors sold off Spanish, Portuguese and Belgian government bonds in record numbers on renewed fears that those nations would follow Greece and Ireland into the financial emergency ward...

There is so little time.

Here is what they must do.

Go deeper into debt, much deeper, and take the borrowed Euros and buy...

... GM stock.

Simple, n'est ce pas?

.

3 posted on 11/24/2010 9:31:35 PM PST by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Nachum

The euro is not natural, not properly representative, and has to go.

So much for trying to be the biggest economy on the globe. Counties are not states. I wonder if the N. Americans here are paying attention...probably not.


4 posted on 11/24/2010 9:32:42 PM PST by Blue Collar Christian (A "tea bagger"? Say it to my face. ><BCC>)
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To: Blue Collar Christian

People here are just as bad. Drooling idiots controlled by Hollywood and TV. they switch on daily brainwashing and some think Prince Al Walheed’s Fox is any better than his Disney/ABC or his TW/CNN. Why are the Saudis major shareholders, joint venture partners and partners in all 6 American TV networks?

As long as the idiots get ball games, reality shows, cop drama, dance contests and other nonsense in between the endless “dumb white man” commercials then The Matrix works for them.


5 posted on 11/24/2010 9:40:39 PM PST by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: Nachum
What were Merckle's comments about this? I, at first, heard that she was for letting the PIGS's bonds go, but later I heard that she was going to work within the Union to solve the bond drops. Any Euro-Freepers got what Germany is going to do?

(Euro-freeper is not an insult in this case. Only a location term. :-)

6 posted on 11/24/2010 11:44:46 PM PST by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: Nachum

Greek bonds approaching all time high of 12%
http://www.bloomberg.com/apps/quote?ticker=GGGB10YR:IND

go Greece !

Ireland bonds approaching 9%
http://www.bloomberg.com/apps/quote?ticker=GIGB10YR:IND


7 posted on 11/25/2010 12:25:33 AM PST by Talf
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To: Seaplaner

“Go deeper into debt, much deeper, and take the borrowed Euros and buy...

... GM stock.

Simple, n’est ce pas?”

There’s a certain je ne sais quoi about your post. ;o)


8 posted on 11/25/2010 12:30:52 AM PST by dixiechick2000 ("First they ignore you, then they ridicule you, then they fight you, then you win." - Gandhi)
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To: Nachum

Don’t laugh. We also have a common currency zone that includes California.


9 posted on 11/25/2010 12:35:16 AM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: Frantzie

“People here are just as bad. Drooling idiots controlled by Hollywood and TV. they switch on daily brainwashing and some think Prince Al Walheed’s Fox is any better than his Disney/ABC or his TW/CNN. Why are the Saudis major shareholders, joint venture partners and partners in all 6 American TV networks?”

I don’t know but I took one quick peek at DWTS the other night and one thing is for sure: they aren’t wearing burqas.


10 posted on 11/25/2010 12:37:16 AM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: Frantzie

“.....the endless “dumb white man” commercials.....”


What’s amazing is that 90% of those ads are produced by highly paid, highly intelligent white men.

I spend a lot of my day with CNBC.

Lots of Fortune 500 company ads.

At least 20% of the actors are now Black, many of them portrayed as senior executives.

The race based casting is so transparent and so fraudulent, it actually embarrasses me to watch it.


11 posted on 11/25/2010 12:40:39 AM PST by zeestephen
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To: Blue Collar Christian

The euro is not natural, not properly representative, and has to go.

So much for trying to be the biggest economy on the globe. Counties are not states. I wonder if the N. Americans here are paying attention...probably not.


Probably not is correct. We have the same Free Trade Globalists pushing for a North American Union and the “Amero” currency....even though the EU and the Euro are near total collapse.

The lesson here with EU/Euro is that Free Trade Globalism does not work


12 posted on 11/25/2010 3:08:13 AM PST by UCFRoadWarrior (Isolationism and Protectionism sure beat Globalism and Communism)
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To: ari-freedom
We also have a common currency zone that includes California.

California is not the only state that is bankrupt.

Politicians think that they only have to tax so they can spend. The spending is nothing more than vote buying, and pocket lining.

13 posted on 11/25/2010 3:20:59 AM PST by chainsaw ( 'You know that your landing gear is up and locked when it takes full power to taxi to the terminal)
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To: UCFRoadWarrior

Actually, all the wonderful ideas that our liberal friends come up with for people to get along would work perfectly if it weren’t for humans.


14 posted on 11/26/2010 8:56:30 PM PST by Blue Collar Christian (A "tea bagger"? Say it to my face. ><BCC>)
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