Comments on: ECB and euro governments play chicken

By: yisa570

yisa570 — Wed, 06 Jun 2012 20:55:33 +0000

where the Germans enjoy playing god but at the same are not ready to listen to the prayers of their worshipers.This issue is a two-way thing…its either everybody stays in the euro zone…..or the euro leaves everybody.

By: SamuelReich

SamuelReich — Wed, 06 Jun 2012 00:14:26 +0000

Having a single currency and monetary policy that works forever, requires that all the majority of the voters want the same in that. That means a single economy that is good for all. That requires Europe wide business laws and courts. The schools teaching the same idea of public good and what is graft. I am sure in some parts of Europe someone not taking care of his extended family at public expense if had the power is bad, in other parts just a honest person. For the nations to be at same economic stage they would need workers with about the same education level and health. If not at the same economic stage they need different monetary fiscal policies.

By: yisa570

yisa570 — Tue, 05 Jun 2012 22:42:39 +0000

if the Germans are playing ‘GOD’..good for them…but when the financial system of nations rest on your shoulders..you don’t treat your worshipers this way..pushing responsibilities and pointing fingers…Greece’s exit from the euro zone will favor neither party… and neither will Spain’s and Rome’s exit.Let’s see what happens when ‘the puppets’ start daring their master….

By: kpvidya1999

kpvidya1999 — Tue, 05 Jun 2012 07:50:12 +0000

LOL, these high and mighty germans are living in a fools world. Better they walk out of euro and kill it. UK had a circus with the queen still trying to attract FUNDS, yuck. Olympics and euro are atleast better money pullers. Problem is UK and germany want money for NOTHING, and thats gone. Wonder what magic persuaded the stupid greeks and spaniards to give up their independence for the euro. I mean you live off your work and look at all gift carriers with a mite in the eye. But greeks bought german gifts and now should go out without a whimper. They are finished. Maybe china will own greece tomorrow, picking it up pretty cheap.

By: gordo53

gordo53 — Mon, 04 Jun 2012 22:02:11 +0000

What doesn’t get much press is the arcane entanglement of various derivative “investments” in the European banking system. I wouldn’t be surprised if there is still no complete accounting of each bank’s off balance sheet liabilites. And yes, US banks and insurance companies have their hands in the mess too. A Greek exit and/or default will shed light on this steaming pile and will precipitate an unhappy chain of events. Can’t blame people for grabbing their cash while they still can.

By: scythe

scythe — Mon, 04 Jun 2012 15:34:31 +0000

nice try at ruffling feathers

but the markets have already spotted a turkey beneath the axe

the english pound sagging under the weight of Uk’s double recession, depressed manufacturing …..