Posted on 11/27/2011 8:23:04 PM PST by Mariner
The International Monetary Fund is being lined up potentially to help Italy and Spain amid growing fears that a European rescue scheme will not be able to prop up the countries, it emerged last night.
Reports in Italy suggested that the IMF is drawing up plans for a €600 billion (£517 billion) assistance package for the country. Spain may be offered access to IMF credit, rather than a rescue package, to avoid it being “picked off” by the markets in the coming weeks.
(Excerpt) Read more at telegraph.co.uk ...
Time for trials and hangings on the Capitol Steps.
Metaphorically, of course.
By “save” they mean prop it up just a bit longer.
Apparently this rumor has already been denied.
The USA taxpayers take another financial bullet between the eyes, courtesy of its “leaders”.
Be nice if we had leaders who cared as much about the taxpayers as they do their big banker and politician buddies.
Corrupt is as corrupt does.
We’d have better leadership in the USA if we canned elections in favor of a lottery.
Why metaphorically?
I wonder if China knows what we are doing with their money?
By “save” they mean prop it up just a bit longer.
Are you kidding? We can’t even pay our own bills!
This is like paying a gamblers debts, it may solve the problem for a couple of months but all you have done is manage to change who they will soon be in debt to.
DEFUND socialist collectives, FOREIGN and domestic. Let them collapse under their own weight. DEFUND the IMF.
I daresay it is inaccurate - the real figure is probably twice that amount.
Unfortunately, under this plan, many of the eventual losses would be socialized to the US.
And we’ll each be compensated with a travel package... I’ll take a 10 day Italy/Spain trip for 4, business class.
I think predictions of the demise of the Euro are very premature. The Eurocrats have built an Empire in Brussels, and they certainly won't give up easily. Their big nukes will be having the IMF (ie. the FED) or the EU Central Bank buy up bad debt in a similar "quantitative easing."
Big Central Banks around the world also want to save the Euro, and they will line up behind the status quo. I don't know how it will all end, but we are far from collapse of the Euro.
This is like paying a gamblers debts, it may solve the problem for a couple of months but all you have done is manage to change who they will soon be in debt to.
It is like being an enabler for a drunk or a drug addict.
Where do you get the 45%? I see no mention of that figure in the article.
It just means we all collapse together not that collapse can be avoided
International Pawn Shop Economics
Pay your taxes.
Lazy Spanish/Italians who hate you really need the money. :)
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