Posted on 05/14/2010 7:54:29 AM PDT by Ernest_at_the_Beach
The newspaper cited comments by Spanish Prime Minister Jose Luis Rodriguez Zapatero to members of his party on Wednesday as relayed by people present at that meeting.
A spokesman for the Spanish Prime Minister's office confirmed the meeting between Zapatero and other socialist party members on Wednesday, but could not immediately confirm what was said at the meeting.
(Excerpt) Read more at telegraph.co.uk ...
Being out of the Euro would allow France to print itself out of its debt problem. Think a few EU nations are beginning to understand what they lost when they joined the Euro. How long do the Germans wish to continue subsidizing Europe?
Sarkozy demanded a "commitment from everyone to suppport Greece...or France would reconsider its position in the euro," according to one source cited by El Pais.
Socialists unite or else!! other people's money has run out.
Someone should tell him to go long on the US $. Once Oabama is out, things will move!
Let him just try to get his nation’s gold out of Brussels!
Substantial interest penalty for early withdrawal...................
Maybe THAT’S the next shell game.... what happened to the GOLD????
Another “benefit” of the European Union.....blackmail by the nations that have failed economies for the semi-healthy economies to commit suicide.
And Merkel caved,...German Banks are heavy into Greece debt...I think.
They have all passed the sub-prime debt around to give the appearance all is well.
Bloomberg.... EUR-USD 1.24 -0.0152 -1.21 as of 3 minutes ago.
Even if you do Sarko, France will still swell with pregnant debt and eventually pop.
Euro Deathwatch Ping
That’s what I was saying. It’s either going to come apart monetarily or there will be a European civil war.
My money is on the differing nations simply reverting to their old currencies.
Little Napoleon would never do it. He loves “Europe” too much, the idea of a united federal EU. He’d sooner cut his own balls off. Meanwhile, Merkel proved that she’s gutless by NOT dropping the Euro. Germany needs to return to the Deutsche Mark, but Sarko had her cowered, and her own people know it.
My money is on the differing nations simply reverting to their old currencies."
I think you are right. I believe there is still a big enough collective memory of the last war to keep a new one at bay. At least for a little while longer.
I wonder how they’ll do that. Recognize both currencies (new national and Euros)?
If France goes, so goes Germany and vice versa.
Angela Merkel is under tremendous pressure at home over this, and it could very well cost her her political career. I read an article last night that suggested she is preparing a dramatic political move in order to save her job and her Country’s economy.
There is no telling what the odds are for sure, but it is increasingly clear that this bailout is becoming an issue of preserving French and German National identity. If they intend to preserve that identity, they will likely act sooner rather than later in order to cut their losses.
Imagine the Euro at .50 instead of 1.25 (or so)...
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