Comments on: Euro Disziplin may store up trouble Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 By: myownexperience Tue, 06 Dec 2011 15:46:41 +0000 Fourth Reich

By: FarRtWing Tue, 06 Dec 2011 04:03:20 +0000 Who will be willing to fight in the next war?


You have fianciers – who have never lifted a weapon in anger – making all of the decisions that result in the common man having to make all of the sacrifices.

Will the common man finally tell his son, “Stay home. This isn’t about national pride. This is about the financiers. Let them send their own sons and daughters. And after they die, we will kill the old financiers in their beds.”

By: Greenspan2 Tue, 06 Dec 2011 02:49:32 +0000 The global financial crisis was created by corruption on Wall Street, the US Congress, and the real estate industry and lenders. Fraudulent securities were exponentially multiplied and sold all over the world. Europe is now being forced within a few months to reorganize itself and is taking care to not leave itself vulnerable to more predation by investment banks and is trying to balance the need to meet immediate financial reforms with maintaining national sovereignties. Europe will survive intact. America may survive if it stops selling its soul to the devil for a few pieces of silver.

By: itolduso Mon, 05 Dec 2011 18:29:52 +0000 Plan B,then Plan C,then Plan D,then Plan E,then turn it over to the Anti-Christ.Ha,Ha.

By: drjip Mon, 05 Dec 2011 18:09:29 +0000 Maybe all will be saved on Friday by a combination of (1) increased fiscal control (voluntary, of course) of national governments (2) the bringing forward and rapid ratification of the ESM – again with agreement and clarification from Germany about modification both PSI and CACs; and finally (3) the granting of a banking licence to the ESM. so as to allow it to borrow directly from the ECB – a cosy, controlled and irrevocable package.

Finally, they can then apply ARTICLE 15:

Primary market support facility

1. The Board of Governors may decide, as an exception, to arrange for the purchase of bonds of an ESM Member on the primary market, in accordance with Article 12 and with the objective of maximising the cost efficiency of the financial assistance…

The only real problem is to decide the working capital of the ESM, and the squeeze to put on the 17 EZ members if things get rough internationally re the Euro.

If the EZ 17 ratify ESM with these modifications, then Drs Merkel and Schauble will have achieved their desired objective, no shots fired.

By: KenDen Mon, 05 Dec 2011 13:53:42 +0000 And so, without ever firing a shot or launching a missile Germany captures Europe. What a sad day for Europe, and what a lesson about socialism. This whole financial crisis has had all the subtly of flim flam and laughs covered by open hands.

Unions forcing higher and higher wages and benefits for their own greed, politicians and their pet projects and debts to political donors. It’s an inability to face the truth dead-on, and then deal with it.

Meanwhile, Germany sits there rubbing their hands together saying, “Sure, here is more money, just let us tell you what to do and everything will be alright.

Without firing a shot.

By: MalcUK8 Mon, 05 Dec 2011 11:27:39 +0000 Finally commentators are starting to report on the will of the people. Italy & Greece are ruled by unelected technocrats. The history of European conflict wont be forgotten easily. We all sit uncomfortably together in the EU for mutual gain. Voters will never accept being governed by technocrats dancing to the tune of Merkel. Germany voters will not accept bailing out Club. The marriage of convenience may be nearing a separation.

By: SleepyJohn Mon, 05 Dec 2011 11:21:53 +0000 He who pays the piper calls the tune, as you say, and it seems that Germany wants that power permanently enshrined in treaty rather than temporarily enabled by fiddling and fudging and breaking the rules. What does that tell us?

And could one of the world’s most economically successful countries really not foresee, and thus prevent the outcome of the EU’s bribing of the nations with massive handouts and cheap, easy loans? I find that hard to believe, and once again ask: “What does that tell us?”

It seems clear that the eurozone countries are now so close to collapse that they will beg for salvation by the EU’s paymasters at a cost to their freedom that five years ago their people would never have tolerated. What does that tell us?

I think that, far from being in trouble, the EU is, like Desiderata’s Universe, unfolding exactly as planned.