More instability from Greece as the Crisis rages in Cruise Control...

The Greek prime minister has spent weeks searching for ways to come up with 11.5 billion euros to satisfy international conditions for emergency aid.

Now, though, SPIEGEL has learned that the shortfall may be as much as 14 billion euros

Over the weekend, German Finance Minister Wolfgang Schäuble reiterated his skepticism of additional aid to Greece. "We can't put together yet another program," he said on Saturday, adding that it was irresponsible to "throw money into a bottomless pit."

Greece Austerity Plan Short by 2.5 Billion Euros as Crisis Intensifies - SPIEGEL ONLINE



Cruise control - Wikipedia, the free encyclopedia

Nitey nitey Cruise Control phobes

Originally Posted by McDave

Spanish 10-year bonds down to 6.2%
Italy below 5.7%
And Irish 9-year bonds below 6%: Irish bond yields below 6 per cent - The Irish Times - Tue, Aug 21, 2012

And the Euro at $1.2457 (just below the 'key support level' of $1.25).

Stabilidee?

I would prefer a weaker Euro versus the dollar for now as this will help our exporters. Ireland's trade surplus continues to grow. A weaker Euro can only be a good thing for the economy.

Btw, the arguments over a weaker Euro meaning more expensive petrol is easily fixed, price oil in Euros from now on. Sorted.

More gloom as the unstoppable farce meets the moveable feast...

Irish banks reject more business loan applications than any other state in the euro zone except Greece, with small and medium businesses in Ireland twice as likely to have a loan application turned down as the average across the bloc

Irish banks second only to Greece for refusing loans - The Irish Times - Wed, Aug 22, 2012

European paymaster Germany, where patience over Greece has worn thin, has already said it will not soften its demands from the twice-bailed out country.

Greek PM hosts Eurogroup chief - The Irish Times - Wed, Aug 22, 2012

https://twitter.com/GreeceUpdate/sta...75153002008576

https://twitter.com/YanniKouts/statu...76236378136576

Breakfast on a Deefer Hot n' Sour...

China risks a repeat of Japan’s boom-bust disaster 20 years ago as exorbitant property prices combine with a demographic tipping point, a top Japanese official has warned.

China bubble in 'danger zone' warns Bank of Japan

Originally Posted by Dublin 4

More gloom as the unstoppable farce meets the moveable feast...

Irish banks reject more business loan applications than any other state in the euro zone except Greece, with small and medium businesses in Ireland twice as likely to have a loan application turned down as the average across the bloc

Irish banks second only to Greece for refusing loans - The Irish Times - Wed, Aug 22, 2012

When will our establishment and glorified MSM cop-on? Our banks can't lend any money in a true banking-customer relationship i.e. with a bit of risk built in.

Why!

They are up to their tonsils in commercial and retail mortgage loans going belly-up. They have been told that they must pay the bondholders (Asset Covered Securities etc) that funded all the now negative equity commercial and retail property loans.

They can't f.cking lend money!

Some people have been trying to hammer this home for over five years. But the powers that be - don't want to know. The whole airways this morning is full of this crap about the banks not lending to small businesses. Repayments to Bank Bondholders is sucking all the money out of the economy. It is highly unlikely that most small businesses will survive even if they get bank loan top-ups.

As sure as night follows day: Current Government policies will insure that the biggest explosion with massive destructive social consequences from primed financial Weapons of Mass Destruction will take place on this isle of ours!

Bottom line: we are a nation of slow learners. WTF are all the learned business graduates of our Third Level Colleges at? This is their area! What are they doing about it?

The MSM They refused an invitation to Joe Dans, where the real news was at. They and the politicians are like lost sheep since.

Shell game not going to plan in Spain as the Crisis gives Rajo another Jaw Breaker...

Quarrels over who bears the brunt of cuts worth more than 10 percent of Spain’s annual gross domestic product threaten Prime Minister Mariano Rajoy’s plan to tackle the euro area’s third-largest deficit as a second bailout looms.

Spain Deficit Goals at Risk as Cuts Consensus Fades: Euro Credit - Bloomberg

Pssst. . . wsj.com

Have it in an embedded tweet from Yannis Koutsomitis at Post 14070.

Whats with your recent very late nite/early birds posts DTG?

Originally Posted by Dublin 4

Have it in an embedded tweet from Yannis Koutsomitis at Post 14070.

Whats with your late nite/early birds posts DTG?

Right - good read about the challenges facing Merkel presently..

Otherwise, slacking off from what I'm meant to be doing. . . but all in a days work !

And talking of which . . .

Originally Posted by WTTR

When will our establishment and glorified MSM cop-on? Our banks can't lend any money in a true banking-customer relationship i.e. with a bit of risk built in.

Why!

They are up to their tonsils in commercial and retail mortgage loans going belly-up. They have been told that they must pay the bondholders (Asset Covered Securities etc) that funded all the now negative equity commercial and retail property loans.

They can't f.cking lend money!

Some people have been trying to hammer this home for over five years. But the powers that be - don't want to know. The whole airways this morning is full of this crap about the banks not lending to small businesses. Repayments to Bank Bondholders is sucking all the money out of the economy. It is highly unlikely that most small businesses will survive even if they get bank loan top-ups.



Bottom line: we are a nation of slow learners. WTF are all the learned business graduates of our Third Level Colleges at? This is their area! What are they doing about it?

The MSM They refused an invitation to Joe Dans, where the real news was at. They and the politicians are like lost sheep since.

Groupthink.