Comments on: Europe’s disastrous summit http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: SleepyJohn http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-34003 Tue, 13 Dec 2011 19:34:19 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-34003 I think the likelihood of the eurozone nations emerging from this cosy, sensible-sounding ‘fiscal compact’ with so much as the right to paint their own lamp-posts without EU permission is on a par with my chickens preparing cold fusion. This whole euro-crisis is a sham and a scam, deliberately engineered by the EU, through its policy of massive handouts and easy loans, to bring the eurozone nations to their knees so they would cry out for rescue at any cost. They will be rescued, but the eventual cost, without a shadow of doubt, will be the cessation of their existence as independent nations.

Are we seriously expected to believe that the massed ranks of expert EU economists were incapable of predicting the virtual certainty that such an ill-matched currency union would collapse? They knew full well it would only work under the aegis of a political union, which it was clear the people would never accept. So they came in through the back door. Those strutting on the EU stage may be buffoons, but the ones pulling their strings are not.

I have no idea of the financial and political implications of Cameron’s decision, but I’m sure I can safely say that few ordinary Brits would want to be ruled by these deceitful and callous dictators. And there can be little doubt that all the EU members will, sooner or later, be sucked down this euro plughole.

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By: ofilha http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33944 Mon, 12 Dec 2011 15:18:24 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33944 In the US, just before the collapse around 2008, all the pundits, the economic experts, people like the writer of this article were all commenting on how there was no end in sight to the great prosperity. People like me and my friends, non economists by trade or interest, were puzzled how home prices kept going up and we asked, there is no way home prices can keep this trajectory without wages also increasing and wages were not increasing. But who cared or listened, the party went on like gangbusters. Everybody was an “investor”. 2012, nobody can buy a house even if the interest rates are the lowest in years. I usually throw lots of salt when reading articles like these by experts like these.

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By: Basil2744 http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33928 Sun, 11 Dec 2011 17:02:37 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33928 The UK are not a team player. As a result their membership was doomed from the start.
Like a spoiled child, they are only happy when they win all discussions/arguments. They think they are still in the Empire Period, when their opinion was the only one worth considering.
Europe is better off without the UK.

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By: mregl http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33898 Sat, 10 Dec 2011 04:20:41 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33898 “He’s also alienated the UK on the very outer fringes of the EU. When the UK needs friends, they’ll remember this moment and think again. It isn’t the EU or the Euro that have been hurt by this, but the UK.”

Pray tell me just when has the EU ever been a “friend” to the UK?

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By: DonutBoy http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33895 Sat, 10 Dec 2011 01:29:24 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33895 Take a step back from the trees and consider the forest. Is it credible that the solvency of nations depends on a committee meeting? Or has that die been cast?

I think the latter. This is about some plot twists, the final chapter is known.

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By: whywait http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33892 Fri, 09 Dec 2011 23:20:09 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33892 Heropass, debt is not a snapshot; the trajectory is also crucial. Would you buy Spain’s debt with 20% unemployment and stagnating economy or Germany’s growing economy?

Best to use one’s intellect instead of one’s prejudices.

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By: fsaraceno http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33890 Fri, 09 Dec 2011 22:12:08 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33890 I agree on two accounts:
a) the measures taken are not even close to what we needed to put the EZ back on track: symmetric adjsutsment of current account surplus and deficit countries, and sovereign debt insurance by the ECB
b)Nobody can afford the disaster we are slowly making happen

But, there is a but. There actually is a good news. Pressed by emergency, the European leaders had no choice but to refuse to stand by the usual blackmailing by the UK. Reinforced cooperation is now reality, which means that if our leaders come to sanity, and decide to do what it takes, they now have a precedent, and they will be able to do it without the UK.

So let’s cross fingers: once we restore sanity, we are done!
http://fsaraceno.wordpress.com/2011/12/0 9/a-first-impression-on-the-eu-summit/

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By: h2000 http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33889 Fri, 09 Dec 2011 22:01:52 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33889 If I were back in the UK, I wouldn’t be worrying about pissing off the EU countries who brought this collapse on themselves. They are the ones who will be needing the UK as a friend, not the other way around.

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By: h2000 http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33888 Fri, 09 Dec 2011 21:59:43 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33888 The Euro never stood a chance from the beginning. The grand idea of a European Unites States missed the whole point of why the US works. Best it fail quickly and get the pain over with and everyone can move on.

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By: disqus786 http://blogs.reuters.com/felix-salmon/2011/12/09/europes-disastrous-summit/comment-page-1/#comment-33886 Fri, 09 Dec 2011 21:18:19 +0000 http://blogs.reuters.com/felix-salmon/?p=11439#comment-33886 Europe’s “summit” will turn out to be a complete failure in the long term. The UK is lucky it escaped (for whatever reason). It’s amazing that some people actually want to join the “losers” on the Continent.

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