Posted on 06/18/2012 10:46:33 AM PDT by blam
MERKEL WON'T BUDGE, SPAIN AND ITALY GET DESTROYED
Simone Foxman
June 18, 2012, 11:40 AM
The Spanish IBEX 35 and the Italian FTSE MIB got crushed today, after Greek elections failed to reassure markets that anything has changed for the troubled Spain and Italy.
Comments from German Chancellor Angela Merkel worsened the blow. She told reporters near the end of European trading that she will not budge on the terms of the Greece aid package.
In core Europe, the DAX held on to gains to end just slightly higher, but the French CAC 40 fell 1 percent.
That negativity appears to have carried over into U.S. markets, all of which appeared to drop significantly in the wake of those headlines. Only the NASDAQ is holding onto gains.
Here's Spain, down 3.0 percent:
Yahoo Finance
And Italy, down 2.9 percent:
(Excerpt) Read more at businessinsider.com ...
Ping.
Merkel can’t turn Germany into the PIGSy bank for the sick men of Europe. She’d be chased out of office by mobs if she did.
And she knows it.
Italy would have to barrow money at 7% to give to Spain a 3% in the deal. It’s a mess.
The kids are starting to blame Mom for their allowances being too small!
I think this time we will be on Germany’s side of the upcoming pan-European war...
I’d like to know when the world decided that Germany and the U.S. had to support the rest of the world.
The purpose of the EU has been, and always will be, to give France and Germany the total control over Europe through economic means that a couple of centuries of on-again, off-again warfare failed to accomplish.
Looks like it's working (except for the UK's refusal to get completely on board).
But wait, the liberal mediots on the MSM and those giving the left side of the news on Fox have assured us that the election in Greece solved everything.
I will be supporting England.
The Party’s Over Lyrics
Performed by Nat King Cole
-Artist: Nat King Cole
-Words by Betty Comden and Adolph Green and Music by Jule Styne
-introduced by Judy Holliday in her last film “Bells Are Ringing” (1956), also starring
-Dean Martin and Jean Stapleton -charted by Doris Day at # 63 in 1957
The party’s over
It’s time to call it a day
They’ve burst your pretty balloon
And taken the moon away
It’s time to wind up the masquerade
Just make your mind up the piper must be paid
The party’s over
The candles flicker and dim
You danced and dreamed through the night
It seemed to be right just being with him
Now you must wake up, all dreams must end
Take off your makeup, the party’s over
It’s all over, my friend
- instrumental ‘the party’s over’ -
The party’s over
- instrumental ‘it’s time to call it a day’ -
It’s time to call it a day
- instrumental - ‘they’ve burst your pretty balloon and taken the moon away’
Now you must wake up, all dreams must end
Take off your makeup, the party’s over
It’s all over, my friend
It’s all over, my friend
Exactly... and Germany isn’t any better than Italy, Spain or Greece, they just control the central banks and can manipulate interest rates in their favor and force loans to surrender sovereignty. This “crisis” is no crisis at all, it was all a part of the plan. It wasn’t long ago Germany were the sick man of Europe.
A couple of things to keep in mind is that neither Germany, nor Merkel, put Spain and Italy in the positions they are in - they did it to themselves. The same would be true if it were the US. We are spending ourselves into oblivion, while the kenyan enjoys lavish vacations on the taxpayer’s dime and spends his time playing golf. What country would, or COULD, bail us out under those conditions when the time comes?
I think Bibi has an "October Suprise" for Obama.
The whole point of the EU was to be a red herring for Germany’s economic control over Europe, never mind the rotating presidency since we all know who’s pulling the puppet strings behind the closed doors in Brussels.
The EU is nothing more than a leveraging tool to “carrot and stick” the rest of Europe into allowing German economic control, NATO is simply the muscle behind the EU collection agency.
——I’d like to know when the world decided that Germany and the U.S. had to support the rest of the world.——
Those who can, do. Those who won’t, steal.
The problem with that is that France and Germany are historic enemies, and the Gloire de La Belle France can not easily coexist with the Vaterland.
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