ARmy Rumour SErvice

I think we all know the reason for that Alsacien, the Reichbank's money printing antics are still just about within living memory and caused the case study in hyper-inflation.

Here's a link for you which I suspect is close to your heart...

Bonjour Tristesse: France Stares into the Euro-Crisis Chasm - SPIEGEL ONLINE - News - International

Note that I'm talking about hyper-inflation on the way, not as you wrongly assert, the ECB's past record on inflation.

What other options are left to them? French businesses want to move to Germany and the socialist governments all over the Eurozone merely want to spend as much of Germany's money as they can.

The ECB can't get involved in bailouts, and not just for legalistic reasons, they're already bankrupt by the standards of the private sector.

The bailout fund is a joke, they appear to think that private investors will be willing to shoulder the risk though as I think Wordsworth pointed out the figures do not look compelling (was it 2 or 3 billion in total which had been raised from private investors?). As they can't raise more money,they're going to leverage what they have. It is all starting look like a bad joke.

Meanwhile Italy is effectively refusing austerity and France hasn't even come close to waking up to the fact that their banks are about to fall.

Germany had it right all along, refusing to let Greece default in order to save the 'EU dream' has already cost the Eurozone hundreds of billions, and now looks odds on to wipe out the base capital of the continent's financial sector.

The Euro is fundamentally, mathematically flawed. Maybe someone with a comedy 'tache will come along to lead the way back to prosperity and world domination.

More likely even France, supposedly at the heart of the EU (something which our own homosexual classes toss themselves to oblivion over) will end up tilling the fields under Germany's economic yoke.

Another option would be for French banks to sponsor a military coup in Greece. Install a dictatorship and have them kicked out of the Eurozone.

Add a couple of extra platoons of mercenaries and they could take Italy out as well.....

Originally Posted by Flight

I think we all know the reason for that Alsacien, the Reichbank's money printing antics are still just about within living memory and caused the case study in hyper-inflation.

Here's a link for you which I suspect is close to your heart...

Bonjour Tristesse: France Stares into the Euro-Crisis Chasm - SPIEGEL ONLINE - News - International

Note that I'm talking about hyper-inflation on the way, not as you wrongly assert, the ECB's past record on inflation.

What other options are left to them? French businesses want to move to Germany and the socialist governments all over the Eurozone merely want to spend as much of Germany's money as they can.

The ECB can't get involved in bailouts, and not just for legalistic reasons, they're already bankrupt by the standards of the private sector.

The bailout fund is a joke, they appear to think that private investors will be willing to shoulder the risk though as I think Wordsworth pointed out the figures do not look compelling (was it 2 or 3 billion in total which had been raised from private investors?). As they can't raise more money,they're going to leverage what they have. It is all starting look like a bad joke.

Meanwhile Italy is effectively refusing austerity and France hasn't even come close to waking up to the fact that their banks are about to fall.

Germany had it right all along, refusing to let Greece default in order to save the 'EU dream' has already cost the Eurozone hundreds of billions, and now looks odds on to wipe out the base capital of the continent's financial sector.

The Euro is fundamentally, mathematically flawed. Maybe someone with a comedy 'tache will come along to lead the way back to prosperity and world domination.

More likely even France, supposedly at the heart of the EU (something which our own homosexual classes toss themselves to oblivion over) will end up tilling the fields under Germany's economic yoke.

It seems you actually believe a lot of the nonsense posted on this thread and in the papers - in spite of the high level and rather simple facts presented before you.

If you are stupid enough to believe the ECB has any financial problems apart from way too much in deposited assets (that is also earning them massive interest daily), I am not going to be able to even start to get into the real complexities of the issue.....

Originally Posted by Alsacien

It seems you actually believe a lot of the nonsense posted on this thread and in the papers - in spite of the high level and rather simple facts presented before you.

Do remind me about how all the postponed meetings, spats between prime ministers and other heads of state, constantly rescheduled meetings and missed deadlines, constant criticism from senior bankers and apparent lack of political will to commit the financial resource to solve the problem are part of the master plan.

From where I'm sitting it looks as if the political will to solve the problem is lacking, with countries now trying as much to protect their own interests as to save the Euro. And even if the current round of meetings does succeed in cobbling together a solution; as Mervyn King recently observed, all this is doing is papering over the cracks and kicking the tin can down the road for 1 - 2 years.

Wordsmith

Tis only the 14th Emergency Summit for the EU today, been going on longer then this thread.
Germany got it's respectability by helping form the Eurine but will the Frog get the rest to pay for it's extravagant life style ?
Greece never had any intention of paying for it's inflated way of life and dear old Silvio may well be on his way out, at last.

john

So you say Alsacien...

Show me the money.

Originally Posted by Wordsmith

Do remind me about how all the postponed meetings, spats between prime ministers and other heads of state, constantly rescheduled meetings and missed deadlines, constant criticism from senior bankers and apparent lack of political will to commit the financial resource to solve the problem are part of the master plan.

From where I'm sitting it looks as if the political will to solve the problem is lacking, with countries now trying as much to protect their own interests as to save the Euro. And even if the current round of meetings does succeed in cobbling together a solution; as Mervyn King recently observed, all this is doing is papering over the cracks and kicking the tin can down the road for 1 - 2 years.

Wordsmith

If you have not grasped the political dimensions and constraints of the issue by now you never will....and if you think you have fully understood them to the point you have the answers you are more naive than I thought...

Has it happened yet? I seem to have missed it.