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  1. #2311
    Dublin 4 Dublin 4 is offline
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    Are we merely just walking tightropes between the frying pans and the fires again & again???

    "The euro on Tuesday fell against the dollar to its lowest level since mid-July as worries about Europe's sovereign debt crisis weighing on growth have analysts reconsidering what the European Central Bank will do."

    Euro under $1.40 for first time since mid-July - MarketWatch

    "BERLIN—Signs are increasing that German Chancellor Angela Merkel may have to risk her political career to make sure that Germany delivers on its commitment to expanding the euro zone's bailout capacity.

    Two mock votes among the center-right parties of the federal government late Monday suggested that she can scarcely rely on their support alone to guarantee the passage of a vote that would increase the lending capacity of the European Financial Stability Facility and allow it to take on the role of lender of last resort from the European Central Bank"


    Merkel Battles Bailout Blues - WSJ.com

    All this as RTE just announced the likelyhood of anti-austrerity strikes in Italy!
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  2. #2312
    sport02 sport02 is offline
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    Quote Originally Posted by Dublin 4 View Post
    Are we merely just walking tightropes between the frying pans and the fires again & again???

    "The euro on Tuesday fell against the dollar to its lowest level since mid-July as worries about Europe's sovereign debt crisis weighing on growth have analysts reconsidering what the European Central Bank will do."

    Euro under $1.40 for first time since mid-July - MarketWatch

    "BERLIN—Signs are increasing that German Chancellor Angela Merkel may have to risk her political career to make sure that Germany delivers on its commitment to expanding the euro zone's bailout capacity.

    Two mock votes among the center-right parties of the federal government late Monday suggested that she can scarcely rely on their support alone to guarantee the passage of a vote that would increase the lending capacity of the European Financial Stability Facility and allow it to take on the role of lender of last resort from the European Central Bank"


    Merkel Battles Bailout Blues - WSJ.com

    All this as RTE just announced the likelyhood of anti-austrerity strikes in Italy!
    A German analyst on CNBC Europe today, said there are now upto 15 voting against it, and Merkel will be looking for some support from the oppossition.
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  3. #2313
    Dublin 4 Dublin 4 is offline
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    E-bonds not cuttin it with S&P

    @LISwires \\ » Eurobonds: The
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  4. #2314
    seabhcan seabhcan is offline
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    Quote Originally Posted by Ulster-Lad View Post
    Article is non-sense. It says:

    Greece will have to reflate its economy and default on its sovereign debt to help secure a medium-term recovery and this will not be possible within the eurozone.
    Of course its possible to default on sovereign debt inside the euro-zone.

    Default and leaving the euro are two completely different things, but journalists mix them up.

    Leaving the euro does not mean default. Default may happen simultaneously, but it is a secondary act.

    You can default and stay in the euro.

    If Greece wants to dump its debts, it can and will do so without leaving the euro.
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  5. #2315
    Dublin 4 Dublin 4 is offline
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    Agreed- but that could fatally accelerate contagion within the zone...
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  6. #2316
    Ulster-Lad Ulster-Lad is offline
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    I have not seen much in the media about the hundred of thousands on strike and protesting in Italy against the austerity measures proposed by the Italian government.

    Italy's government pledged today to hike value added tax and introduce a constitutional balanced budget amendment as hundreds of thousands of people went on strike against an already widely criticised plan.
    BUSINESS WORLD - Italy to hike VAT, amend constitution
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  7. #2317
    Dublin 4 Dublin 4 is offline
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    Italy warming up to overheat???

    "Italian PM Calls Vote of Confidence; 70,000 Protest in Rome Against Austerity; Strikers Shut Down Transport; European Stocks at July 2009 Levels"

    Mish's Global Economic Trend Analysis: Italian PM Calls Vote of Confidence; 70,000 Protest in Rome Against Austerity; Strikers Shut Down Transport; European Stocks at July 2009 Levels
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  8. #2318
    Dublin 4 Dublin 4 is offline
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    More strains...

    "According to the eminent economist Charles Dumas, it is the "fallacious and malignant policies" of Germany's chancellor, Angela Merkel, and her finance chief, Wolfgang Schäuble, that have poisoned the eurozone."

    Can-do and won't-do at loggerheads in battle for eurozone | Business | guardian.co.uk
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  9. #2319
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  10. #2320
    Mister men Mister men is offline
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    Amazing how the protests in Italy is being totally ignored by mainstream media.
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