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Italy to the Rescue

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5 replies to this topic

#1    Bella-Angelique

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Posted 24 May 2012 - 10:10 PM

Hooray for the Italians!
They have stated that they can persuade Germany to accept a eurobond to end the financial crisis and help all member nations. Best news for a year if they can pull it off.

Fifth paragraph.

http://www.sfgate.co...4E901-M4JOC.DTL

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#2    spud the mackem

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Posted 24 May 2012 - 10:51 PM

View PostBella-Angelique, on 24 May 2012 - 10:10 PM, said:

Hooray for the Italians!
They have stated that they can persuade Germany to accept a eurobond to end the financial crisis and help all member nations. Best news for a year if they can pull it off.

Fifth paragraph.

http://www.sfgate.co...4E901-M4JOC.DTL
  Hi,Do you honestly believe this ?. The German economy is stable,the Italian economy is dodgy,I know who I would back.

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#3    questionmark

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Posted 25 May 2012 - 01:53 PM

View Postspud the mackem, on 24 May 2012 - 10:51 PM, said:

Hi,Do you honestly believe this ?. The German economy is stable,the Italian economy is dodgy,I know who I would back.

There might be some kind of Euro bond, but without Germany's backing. And without Germany's backing it will be a junk bond pretty soon.

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#4    Bella-Angelique

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Posted 25 May 2012 - 06:42 PM

View Postquestionmark, on 25 May 2012 - 01:53 PM, said:

There might be some kind of Euro bond, but without Germany's backing. And without Germany's backing it will be a junk bond pretty soon.

You are absolutely correct about that I imagine.

The best clue to me was in Italy stating they believe Italy has the ability to influence the Germans.
I can only think of one way the Italians could sway the Germans when others have failed, and that is if Italy reveals something to
Germany that Italy may have been hiding. If that is the case I am hoping they do it quickly.
People just need a single, solid, positive, secure backing for the currency that equally involves all members for all to be put to rights again, it appears from all I have read and heard.

Edited by Bella-Angelique, 25 May 2012 - 06:42 PM.

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#5    questionmark

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Posted 25 May 2012 - 07:16 PM

View PostBella-Angelique, on 25 May 2012 - 06:42 PM, said:

You are absolutely correct about that I imagine.

The best clue to me was in Italy stating they believe Italy has the ability to influence the Germans.
I can only think of one way the Italians could sway the Germans when others have failed, and that is if Italy reveals something to
Germany that Italy may have been hiding. If that is the case I am hoping they do it quickly.
People just need a single, solid, positive, secure backing for the currency that equally involves all members for all to be put to rights again, it appears from all I have read and heard.

There is nothing there to sway, the German constitution won't allow Eurobonds, the soonest the constitution can be changed is in 2013 after the next elections, provided that the communists and liberals stay below 25% (together) as both won't agree.

A skeptic is a well informed believer and a pessimist a well informed optimist
The most dangerous views of the world are from those who have never seen it. ~ Alexander v. Humboldt
If you want to bulls**t me please do it so that it takes me more than a minute to find out

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#6    stevewinn

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Posted 25 May 2012 - 09:23 PM

and yet again another spanner in the works, if its not good for germany then its knocked on the head, and the rest suffer. someone needs to tell the germans their part of the euro and stop being so selfish. :passifier: highlights how the euro will never work.

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