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ORIGINAL: Anaxagoras

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ORIGINAL: Phoenixpower
Today on the radio they brought some comments from people from greece about their frustration with Angela Merkel...where I thought...well...I think we can share our dislike with that lady at the moment...though for different reasons

The bail-outs are loans so the German and other European institutions involved should get big returns, especially at the interest rates being charged. Greece is a basket case and shouldn't have been allowed to continue in Europe as it has

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ORIGINAL: Sanity


FR -

"Bring Out Your Dead"

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ORIGINAL: Lucylastic

Id be happy if the UK went back to pounds shillings and pence and sod the EU, cos I have a real soft spot for sixpences.
back to your regular regular discussion

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ORIGINAL: Sanity


You come across as consumed with hate.

Stray thought, sorry...

But did you ever consider that just maybe, bureaucrats have a hand in this?

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ORIGINAL: tweakabelle

"In Euro Zone, Banking Fear Feeds on Itself"

How neurotic is the investor class? According to the OP, so neurotic that fear and greed and selfishness, the 'values' on which it's based, it promotes and 'thrives' are driving it to the edge of collapse.

A monster consumed by its own greed and neuroses, by itself.

How perfectly apt.

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ORIGINAL: Sanity


You come across as consumed with hate.

Stray thought, sorry...

But did you ever consider that just maybe, bureaucrats have a hand in this?

quote:

ORIGINAL: tweakabelle

"In Euro Zone, Banking Fear Feeds on Itself"

How neurotic is the investor class? According to the OP, so neurotic that fear and greed and selfishness, the 'values' on which it's based, it promotes and 'thrives' are driving it to the edge of collapse.

A monster consumed by its own greed and neuroses, by itself.

How perfectly apt.

quote:

French Foreign Minister Alain Juppe sought to reassure Asian countries that the eurozone would not collapse "despite the current crisis" as he began an Asia-Pacific tour in Hong Kong.

"Rest assured that in the face of this crisis, we are taking action," he said in a speech to members of the French community in the southern Chinese city, on Thursday.


"This is one of the main messages that I came to bring to our Asian partners.

"There is no question of allowing the (euro) zone to fall apart after taking so long to build it up. The lesson is not that we must call a halt to integration... but that we must move forward," he added.

"We are working with China, which is more than ever a major partner of France" with whom "we have a rich, confident dialogue," Juppe said.

Chinese leaders have repeatedly expressed confidence in the eurozone economies during the sovereign debt crisis, which has seen Greece, Portugal and Ireland call for bailouts and growing fears that others could follow.

China has also invested a growing portion of its world-leading foreign exchange reserves in euro-denominated assets.

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ORIGINAL: Phoenixpower

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ORIGINAL: Anaxagoras
The bail-outs are loans so the German and other European institutions involved should get big returns, especially at the interest rates being charged. Greece is a basket case and shouldn't have been allowed to continue in Europe as it has

Yeah...should  that should is not something which sounds likely to me, at least not when I see Greeks reaction and hear according to the news that they still have countless people aged 110+ where their relatives still get paid their pension cause nobody checks if they truly are alive...somehow I think they can't really afford to waste their money like that in their current situation...and yes, Greece shouldn't been in there, when they gave wrong figures to be able to get in, in the first place...

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Personally I really don't care much about the euro and would not mind if it would go back to how it used to be...as I simply can't see that it can be worse financially if we would stop that europe shit, (whatever reports I read about how the stuff which is being sold would get too expensive to other countries for the first while and so impact on the economy) when such sums get paid out to so many countries...but then...I was never keen on letting go the DM in the first place...

Well...with Madam Merkel it will stay as it is...we will see what happens in the future...

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ORIGINAL: MyVision

what do islamic banks have to do with it? ( most crap was caused by western people spending money they have not)
man... you people are so damn focused on the islam all the time.
every discussion the arabs or the islam is popping up.

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Stocks plunge as worries about Europe intensify




NEW YORK (AP) — The problems that weighed down stocks all summer show no sign of letting up.

U.S. stocks plunged Friday, erasing the week's gains, amid rising fears about fallout from Europe's debt crisis. Seeking safer investments, investors sent the yield on the 10-year Treasury note to the lowest level in five decades.

The resignation of a key official from the European Central Bank revealed deepening disagreement over how to solve Europe's economic problems.

Traders fear that one of Europe's heavily-indebted economies could collapse. That would likely ripple through the global banking system and make it difficult for other European countries facing default to borrow money.

Such an outcome to the European debt crisis could tip the world economy back into recession.

Full article here

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ORIGINAL: Anaxagoras

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ORIGINAL: Phoenixpower

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ORIGINAL: Anaxagoras
The bail-outs are loans so the German and other European institutions involved should get big returns, especially at the interest rates being charged. Greece is a basket case and shouldn't have been allowed to continue in Europe as it has

Yeah...should  that should is not something which sounds likely to me, at least not when I see Greeks reaction and hear according to the news that they still have countless people aged 110+ where their relatives still get paid their pension cause nobody checks if they truly are alive...somehow I think they can't really afford to waste their money like that in their current situation...and yes, Greece shouldn't been in there, when they gave wrong figures to be able to get in, in the first place...

Very true. The reaction of the left in Europe to the crisis was disappointing. It was just more of the same: "no cuts, spend more" and "I told you so" whilst a lot of politicians like in Greece don't seem to have the political will to get their economy in order. The reality is either austerity or bust. We can't spend our way out of this one except into an earlier grave.

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Personally I really don't care much about the euro and would not mind if it would go back to how it used to be...as I simply can't see that it can be worse financially if we would stop that europe shit, (whatever reports I read about how the stuff which is being sold would get too expensive to other countries for the first while and so impact on the economy) when such sums get paid out to so many countries...but then...I was never keen on letting go the DM in the first place...

Well...with Madam Merkel it will stay as it is...we will see what happens in the future...

I think there are three options with the Euro: greater integration, a soft planned exit during better economic times or a hard exit which would be disasterous and prob bring about a crippling world recession!! I doubt there is an appetite for greater integration after this economic disaster so think a soft exit is perhaps the best option after weathering the storm.

I didn't like the Euro after the bulky Irish pound but got used to it. Everything went up in price with the Euro! lol I think the concept of some type of European union makes sense as a loose economic block, instead of existing as relatively modest countries but the drive for integration became self-sustaining by making this infrastructure of Europe too distinct from national governance. There was never a huge appetite for greater integration from the 1990's even with the populace in countries like France that were seen as the big hitters in the EEC. The Euro currency brought integration too far but not far enough as this crisis indicates so I think the EU needs to be rolled back to what it was say in the early 90's.

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Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.

Shares in Societe Generale, BNP Paribas and Credit Agricole slumped by more than 10 percent amid expectations of an imminent downgrade by credit ratings agency Moody's, due largely to their exposure to Greek bonds.

The shock resignation of European Central Bank chief economist Juergen Stark last Friday, and weekend comments by German politicians suggesting Athens may have to default and be "suspended" from the euro zone, drove the euro to a 10-year low against the yen and a 7-month low against the dollar.

"Europe is not just lurching from one crisis to another. It is lurching into a new one before the previous one is solved," said Makoto Noji, senior strategist at SMBC Nikko Securities.

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ORIGINAL: crazyml

Actually DeviantlyD, there is a baking crisis here, it's huge. But no-one wants to raise the issue - it's a big taboo here.

Take Macaroons for example - Do you use the French method or the Italian? Some topics are way too controversial.

So, we stick to the easy shit, like "Banking".

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German Leader Faces Key Choices on Rescuing Euro





BERLIN — As Europe struggles to reverse a plunge in financial confidence, the world waits for Germany’s chancellor, Angela Merkel, to make a fundamental choice. She, more than any other European politician, will have to either summon the leadership to rescue the euro or concede that the political will is not there.

Mrs. Merkel, 57, faces far-reaching decisions about how to deal definitively with the debt crisis in Europe and, more immediately, whether to allow Greece to default or even to leave the currency union. American officials fear that if she does not act more decisively, bank lending could freeze up and the result would be another sharp financial downturn on both sides of the Atlantic.


Fears of a worsening debt crisis slammed European stocks on Monday, especially shares of French banks, forcing the French government to declare its support for its three largest financial institutions. The turmoil added to worries that the Greek crisis would prove difficult to contain without more robust action from Germany and, ultimately, its taxpayers.

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ORIGINAL: DeviantlyD

Time to go to bed. I thought the title of this thread said "Developing European Baking Crisis". :D