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Now we have to bail out the Euro


itsnotoutthere

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The EU had two choices 1) Break its own rules and bail out Greece. or 2) expel Greece from the Union.

has people would have guessed they chose option one, EU is going to break its own rules which it passed in the Maastricht Treaty, and bail out Greece. but when they say the EU is going to bail out Greece no, what they really mean is Germany, no the German people have to bail them out. its no wonder with NEWS like that, the German economy has took two steps backwards.

The Euro-zone is in tatters, its first big test and its found wanting, and its not the only country standing their at the EU's knee with the begging bowl. I wonder when the Germans will have to start bailing out the rest of them. Italy Ireland. Spain and Portugal.

Its no surprise to people here that the the richest countries per capita in Europe are those out of the Euro € currency and are not EU members. here we talk about Norway and Switzerland. and people still say its best to be inside and a full member of the EU. as usual reality says otherwise.

Edited by stevewinn
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The EU had two choices 1) Break its own rules and bail out Greece. or 2) expel Greece from the Union.

has people would have guessed they chose option one, EU is going to break its own rules which it passed in the Maastricht Treaty, and bail out Greece. but when they say the EU is going to bail out Greece no, what they really mean is Germany, no the German people have to bail them out. its no wonder with NEWS like that, the German economy has took two steps backwards.

The Euro-zone is in tatters, its first big test and its found wanting, and its not the only country standing their at the EU's knee with the begging bowl. I wonder when the Germans will have to start bailing out the rest of them. Italy Ireland. Spain and Portugal.

Its no surprise to people here that the the richest countries per capita in Europe are those out of the Euro € currency and are not EU members. here we talk about Norway and Switzerland. and people still say its best to be inside and a full member of the EU. as usual reality says otherwise.

EU just repeats the experiment started by US - "is it possible to purchase an Empire?". In the historical past the answer was "no", but as now some think we have 2 heads, 6 legs, a long tail and computer, they decided to try again. No one cares about the experience of Rome and USSR - that in order to keep the colonies, people in them must live BETTER than the colonizators themselves... So you conquer them thinking you would enslave them, but in fact in long term they enslave you. Given that the main core of EU - France, UK, Germany - has no resources, the EU venture from the beginning had no chance for success.

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My, my, how things are perfectly aligning for a new one world government founded on a new global economic system giving us all a one world currency. NWO in the works? However, this is a little ways off as things have to get proceedingly worse for everyone before the prophecy states that one who calls himself "The Messiah" brings peace and prosperity for a short time before he makes it all go to hell. I'm telling you people, sometime in 2015, or 2016, there's gonna be some kind of mass abduction event if things keep going the way they're headed. :rolleyes:

Edited by SpiderCyde
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LOL, I just read that PIGS together owe Germany over 500 billion Euros, while Greece alone owes 32 billion. I mean Greece must be just peanuts compared to the others! Actually the source was spelling PIIGS, does it mean Italy is there too?

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LOL, I just read that PIGS together owe Germany over 500 billion Euros, while Greece alone owes 32 billion. I mean Greece must be just peanuts compared to the others! Actually the source was spelling PIIGS, does it mean Italy is there too?

Italy is in there alright. Italy is the biggest player in the PIIGS. if Italy goes belly up the house of cards has to fall. seeing how Germany has been pressured by France into bailing out Greece, how long will it be before they have to bail out Spain Portugal, Ireland and Italy.

Greece is in a right mess, if the EU don't act fast Greece will be unable to sell its bonds. once this happens Greece wont be able to function - pay its civil servants. incl - Police etc.... the streets of Greece are already seeing mass protests, and things are only going to get worse.

fingers crossed that no matter what the EU does the currency is condemned to history.

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Now is a great time for people to wake up and realize that the bailouts and buyouts were nothing more than a cover-up.

As nations sink further into debt the rug is being pulled from the people back at home.

Government economists have been ignoring the signals out of fear that the people will take enormous runs on the banks.

All the while many independent economists and forecasters have been warning of such an implosion.

Depression 2010

False-flag attack??????????????????

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30 billion? Pfff. Amateurs. We Americans owe trillions.

Edited by Pseudo Intellectual
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30 billion? Pfff. Amateurs. We Americans owe trillions.

LOL....

I love proud americans.....

....quick.... Palin or Obama 2012?

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I do believe the powers that be do want a war it will hide all of the corruption.

Edited by chemical-licker
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30 billion? Pfff. Amateurs. We Americans owe trillions.

And, differently from Greece and Iceland, no one can bail you out - all hopes on China now :)

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The buyers are out of the galaxy at the moment.

Thanks for the heads up. Too bad though, today and today only I was going to make them a sweetheart of a deal. :lol:

But really, is the Euro in trouble? I thought it was a strong currency.

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Thanks for the heads up. Too bad though, today and today only I was going to make them a sweetheart of a deal. :lol:

But really, is the Euro in trouble? I thought it was a strong currency.

Hardly a currency can be strong if it is issued by several governments of several countries, each passing through its own form of crisis. The debt of such country as Greece means that for some more or less continuous period the living standard in this country was maintained not by means of generating wealth but by means of intensive borrowing by the corrupt bureaucrats (as a normal citizen hardly can borrow from Germany!); and when the bureaucrats borrow the money, at least 1/3-1/2 of them remains in their pockets (through funding the fictitious businesses belonging to their wives and nephews).

The business style in such country as Italy started to be clear when it occurred that for the last 20 years Italian mafia continuously had contracts with the government on disposing of nuclear wastes (!) - and the method of disposal was chosen to be loading them on the barges and sinking these barges in Mediterranean around Italy itself. Now they recovered 2 barges like that, searching for another two and know of at least 20 others. This alone hints what such government could have done with the billions of Euro loans... Spain seems also to be a lawless society - of this the English pensioners can tell, who were building there retirement homes, just to discover 2-3 years later that the higher court overturned the building permits issued by the municipal authorities, and by April 2010 their houses must be demolished... Something tells me that Portugal is not far away from Spain on these issues. All hopes are on Ireland, that local politicians can be more honest!

I mean in practical terms Germany appears to be cooked - and Euro is impossible without Germany (same as EU itself :) )

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