Reply With Quoteit's like watching our own houses burn, in slow motion, and no water insight to do anything about it. This sucks
uro rescue wil overhelm Germany
sorry, only in german (but if you can read german or are German you will puke)
http://www.wiwo.de/politik/europa/re...n/6731426.html
the banksters will laugh .... taxpayers will hate
it's like watching our own houses burn, in slow motion, and no water insight to do anything about it. This sucks
What is the retirement age in Spain?
And for those on here that support the EU as such .. surely is it not time to admit that such creation should never have happend ..
I've never liked it and there BS reason's they lied to people funnily enough when a bank misleads customers they get fined some even loose there jobs over it some reason ,, Who in politics will face prosecution or will resign .
65 to 67 nowOriginally Posted by joethesixpack
Don't read German unless Audi brochures
Sorry that you guys are getting hit with this shyte too, but what the heck have your politicians done to reform the banking sector?
Your country appears to have a position of strength to reform, but is doing nothing to do so, and doesn't represent the voters - same as rest of "democratic" EU.
We are now at least 20 years into this crisis of banking, not like there wasn't time. It's either kiss goodbye to half your savings and get banking reform or 10-20 years of austerity model with the same banking model.
The cry now should be where's my banking failure?
Bank Of England Head:
Says BOE should buy assets other than government bonds
Needs for private-asset purchases by central banks has risen
www.forexlive.com/blog/2012/0...zed-sme-loans/
They get to push a button on a computer to create money and use it to buy shares in profitable businesses, real estate and such...sweet deal for them. What inflation?
Goody.. mo' money for the banks
I read that retirement age in Russia is 50 (for women).....15-17 years difference.
We are not bailing out Russia now, are we?
That depends... are you German?
are they encouraging a run on the banks??? wtf is going on over there
*******:
European finance officials have discussed as a worst-case scenario limiting the size of withdrawals from ATM machines, imposing border checks and introducing capital controls in at least Greece should Athens decide to leave the euro.
EU officials have told ******* the ideas are part of a range of contingency plans. They emphasised that the discussions were merely about being prepared for any eventuality rather than planning for something they expect to happen - no one ******* has spoken to expects Greece to leave the single currency area.
Belgium's finance minister, Steve Vanackere, said at the end of May that it was a basic function of each euro zone member state to be prepared for problems. These discussions appear to be in that vein.
But with increased political uncertainty in Greece following the inconclusive election on May 6 and ahead of a second election on June 17, there is now an increased need to have contingencies in place, the EU sources said.
The discussions have taken place in conference calls over the past six weeks, as concerns have grown that a radical-left coalition, SYRIZA, may win the second election, increasing the risk that Greece could renege on its EU/IMF bailout and therefore move closer to abandoning the currency.
No decisions have been taken on the calls, but members of the Eurogroup Working Group, which consists of euro zone deputy finance ministers and heads of treasury departments, have discussed the options in some detail, the sources said.
As well as limiting cash withdrawals and imposing capital controls, they have discussed the possibility of suspending the Schengen agreement, which allows for visa-free travel among 26 countries, including most of the European Union.
"Contingency planning is underway for a scenario under which Greece leaves," one of the sources, who has been involved in the conference calls, said. "Limited cash withdrawals from ATMs and limited movement of capital have been considered and analysed."
Another source confirmed the discussions, including that the suspension of Schengen was among the options raised.
"These are not political discussions, these are discussions among finance experts who need to be prepared for any eventuality," the second source said. "It is sensible planning, that is all, planning for the worst-case scenario."
The first official said it was still being examined whether there was a legal basis for such extreme measures.
"The Bank of Greece is not aware of any such plans," a central bank spokesman in Athens told ******* when asked about the sources' comments.
The vast majority of Greeks - some surveys have indicated 75 to 80 percent - like the euro and want to retain the currency, something Greek politicians are aware of and which may dissuade them from pushing the country too close to the brink.
However, SYRIZA is expected to win or come a strong second on June 17. Alexis Tsipras, the party's 37-year-old leader, has said he plans to tear up or heavily renegotiate the 130-billion-euro bailout agreed with the EU and IMF. The EU and IMF have said they are not prepared to renegotiate.
If those differences cannot be resolved, the threat of the country leaving or being forced out of the euro will remain, and hence the need for contingencies to be in place.
Switzerland said last month it was considering introducing capital controls if the euro falls apart.
In a conference call on May 21, the Eurogroup Working Group told euro zone member states that they should each have a plan in place if Greece were to leave the currency.
Belgium's Vanackere said two days after that call that it was a basic function of each euro zone member state to be prepared for any eventuality.
"All the contingency plans (for Greece) come back to the same thing: to be responsible as a government is to foresee even what you hope to avoid," he told reporters.
"We must insist on efforts to avoid an exit scenario but that doesn't mean we are not preparing for eventualities.
summary:
- EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE
- IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART OF WORST-CASE SCENARIO PLANNING
- SUSPENSION OF SCHENGEN ALSO DISCUSSED http://en.wikipedia.org/wiki/Schengen_Agreement
crazy times ahead. godspeed to our euro posters.
If I were would you want to suck on my tit or get into my back pocket?That depends... are you German?
Sooo... now that people are tossing around billions of euros... could any of that come here? I would settle for 500 000 easily. I will pay it back I swear.
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