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  1. #4621
    Iphonista Iphonista is offline

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    It will reflect extremely badly on the ECB if they back out now. Everyone knew what Draghi meant when he used the word "unanimous". Why is Weidmann only raising his objections now?
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  2. #4622
    ger12 ger12 is offline
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    Quote Originally Posted by Cato View Post
    It won't necessarily bring down the Government - neither party would want to go to the country in such a circumstance. Some heads would probably roll and some new Ministers appointed (and perhaps one new party leader) but they keep the wagon rolling.

    I still think that they'll fudge a solution to any problem that may arise.
    If I was leading the country and this deal went south, I'd have thought it as a serious failure and expect that my head would roll. Mind you, I'd never have promised this "deal" in the first place.
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  3. #4623
    Dublin 4 Dublin 4 is offline
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    Quote Originally Posted by Iphonista View Post
    Everyone knew what Draghi meant when he used the word "unanimous". Why is Weidmann only raising his objections now?
    Maybe he didn't "take note"
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  4. #4624
    ManUnited ManUnited is offline

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    Quote Originally Posted by Ribeye View Post
    Sheesh lads, I'm not saying the deal is dead already, I'm just pointing out that it is now being investigated, and Weidmann and the Germans are leading the calls for such an investigation, exactly as I predicted,

    That's why it's only popcorn time,

    When the deal is struck down it will bring down the Govt,

    Then it will be Champagne time
    No mate, just the usual premature ejaculation type posting from the usual crew.
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  5. #4625
    Iphonista Iphonista is offline

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    Quote Originally Posted by Dublin 4 View Post
    Maybe he didn't "take note"
    If so, then Draghi lied.

    LOL
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  6. #4626
    Dublin 4 Dublin 4 is offline
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    But what is far more likely is that the reason why the ECB, headed by none other than former Goldmanite Mario Draghi, is desperate to keep these documents secret is for another reason.
    A very simple reason: Mario Draghi - 2002-2005: Vice Chairman and Managing Director at Goldman Sachs International


    Seemorerocks: Greek- Goldman Sachs swaps: Just What Is Mario Draghi Hiding?
    ECB Declines To Respond To Bloomberg FOIA Request On Greek-Goldman Swaps
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  7. #4627
    sport02 sport02 is offline
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  8. #4628
    Ribeye Ribeye is offline
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    Quote Originally Posted by Cato View Post
    It won't necessarily bring down the Government - neither party would want to go to the country in such a circumstance. Some heads would probably roll and some new Ministers appointed (and perhaps one new party leader) but they keep the wagon rolling.

    I still think that they'll fudge a solution to any problem that may arise.
    Quote Originally Posted by ger12 View Post
    If ... be fair
    Yeah, ok Ger, I'll admit it is "if" and not "when"

    I would tend to agree with Cato's observation above,

    However,while most people in Ireland don't even know, or care, what monetary financing even is, that is not the case in Germany, if Weidmann agrees to this, he can expect to be metaphorically flayed alive,
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  9. #4629
    Howya Howya is offline
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    Quote Originally Posted by Iphonista View Post
    It will reflect extremely badly on the ECB if they back out now. Everyone knew what Draghi meant when he used the word "unanimous". Why is Weidmann only raising his objections now?
    Probably because Weidmann is conflicted - on the one hand as an ECB board member he supported the new Anglo bond deal because it keeps the whole Euro house of cards together but on the other hand as Bundesbank chief he has to question the monetary financing aspect.
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  10. #4630
    Ribeye Ribeye is offline
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    Quote Originally Posted by Howya View Post
    Probably because Weidmann is conflicted - on the one hand as an ECB board member he supported the new Anglo bond deal because it keeps the whole Euro house of cards together but on the other hand as Bundesbank chief he has to question the monetary financing aspect.
    He didn't support it, nor did the ECB, they "noted" it,

    "noted" does not mean "supported", even in stupid mumbo jumbo Central Banker speak,
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