Register to Comment
Page 656 of 1576 FirstFirst ... 156 556 606 646654655656657658 666 706 756 1156 ... LastLast
Results 6,551 to 6,560 of 15757
Like Tree5293Likes
  1. #6551
    Sign in or Register Now to reply

  2. #6552
    hiker hiker is offline

    Join Date
    May 2005
    Posts
    6,579

    The "crisis" is the only tool in town without fiscal union.

    I suspect the "economic" choices we have will be "fiscal union" or "austerity".

    The "political" choices are wider but I don't believe that the economic choices will change whether we choose fiscal union, leave the euro or keep on truckin' as we are.
    Sign in or Register Now to reply

  3. #6553
    Dublin 4 Dublin 4 is offline
    Dublin 4's Avatar
    Join Date
    Feb 2011
    Posts
    12,245
    Twitter
    @

    Quote Originally Posted by hiker View Post
    The "crisis" is the only tool in town without fiscal union.

    I suspect the "economic" choices we have will be "fiscal union" or "austerity".

    The "political" choices are wider but I don't believe that the economic choices will change whether we choose fiscal union, leave the euro or keep on truckin' as we are.
    Got it in one h- no matter if you're a neutral, a tron or a phobe or if you end up using €, Punts, Lire or DM- its lookin very, very bad economically full stop inside or outside the EU.
    Sign in or Register Now to reply

  4. #6554
    Dublin 4 Dublin 4 is offline
    Dublin 4's Avatar
    Join Date
    Feb 2011
    Posts
    12,245
    Twitter
    @

    More pain ahead???

    Eurozone leaders looked set to abandon attempts to maintain the European bail-out fund’s coveted AAA credit rating, as German Chancellor, Angela Merkel, insisted rescue efforts could survive a downgrade of the fund.
    The decision, by ratings agency Standard & Poor’s (S&P), could wipe up to €170bn (140bn) from the EFSF’s effective firepower, jeopardising its ability to bail out troubled eurozone economies.
    John Chambers, the chairman of S&P’s sovereign rating committee, said the EFSF could retain its AAA rating if Germany and the remaining top-rated guarantors increased their commitments.
    “If you’ve lost two of the six AAA guarantors, either they need to increase the backing from the four remaining AAA guarantors or they need to raise some cash buffers,” he said.
    But Mrs Merkel poured cold water on that outcome yesterday, insisting she saw “no need to change anything regarding the EFSF” and that she “was always of the opinion that the EFSF doesn’t necessarily need a triple-A rating”.
    Analysis by RBS concluded it was “highly unlikely” that eurozone leaders would be willing to inject more funds “solely to defend AAA ratings of the existing EFSF bonds”.
    Eurozone rescue fund faces loss of AAA rating - Telegraph
    Sign in or Register Now to reply

  5. #6555
    Dublin 4 Dublin 4 is offline
    Dublin 4's Avatar
    Join Date
    Feb 2011
    Posts
    12,245
    Twitter
    @

    More doomspam

    Expect budget deficits to widen as unemployment soars and revenues collapse.
    Mish's Global Economic Trend Analysis: Merkel Wants Higher Taxes, Deeper Cuts, Faster Reforms; S&P Says Eurozone Policies Fall Short , France at Risk of Further Downgrades

    Nitey nitey doomspam analysts
    Sign in or Register Now to reply

  6. #6556
    Dublin 4 Dublin 4 is offline
    Dublin 4's Avatar
    Join Date
    Feb 2011
    Posts
    12,245
    Twitter
    @

    More facecavers for Dragqueen as the euro stays on the ropes...

    John Teeling believes that Ireland cannot, and should not, pay back its €180bn debt and that the euro cannot survive in its current guise.
    Entrepreneur insists Ireland should not pay back its €180bn debt - Irish, Business - Independent.ie

    In short, a smaller pool of triple-A countries in the euro zone makes it more difficult to fight back. Furthermore, the failure after seven months of talks to reach agreement on a haircut on Greece’s sovereign debt increases the risk of a default.
    Downgrades of AAA euro zone states may trigger further debt turmoil - The Irish Times - Sat, Jan 14, 2012

    The downgrades deal a heavy blow to the pride of political leaders, not least Sarkozy, who had hoped to show his electorate that he had insulated them from the crisis, before the French elections later this year.
    But they will also make it harder to build a financial firewall around Greece.
    Eurozone's fate hangs on whether French humiliation turns to anger | Business | The Observer

    Never before in history has a sitting French president polled so low 100 days before the first round of votes.
    'Let The Euro Die' Candidate Trails Sarkozy By A Slight 2 Percentage Points
    Sign in or Register Now to reply

  7. #6557
    Dublin 4 Dublin 4 is offline
    Dublin 4's Avatar
    Join Date
    Feb 2011
    Posts
    12,245
    Twitter
    @

    Paddy Power cashing in on the instability- EUROZONE BREAK UP 2/9!!!

    Eurozone Break Up - European Union Betting
    Sign in or Register Now to reply

  8. #6558
    DownTheyGo DownTheyGo is offline
    DownTheyGo's Avatar
    Join Date
    Dec 2010
    Posts
    5,618

    Quote Originally Posted by Dublin 4 View Post
    Paddy Power cashing in on the instability- EUROZONE BREAK UP 2/9!!!

    Eurozone Break Up - European Union Betting

    Those odds imply there is an 82% chance of break-up
    Sign in or Register Now to reply

  9. #6559
    Dublin 4 Dublin 4 is offline
    Dublin 4's Avatar
    Join Date
    Feb 2011
    Posts
    12,245
    Twitter
    @

    Quote Originally Posted by DownTheyGo View Post
    Those odds imply there is an 82% chance of break-up
    What are the odds on you getting a cryptic, inspirational or thought provoking signature?

    We could all bet on what could it be 1/1 sardonic, 2/1 doom, 3/1 funny, 4/1 philosophical
    Sign in or Register Now to reply

  10. #6560
    Dublin 4 Dublin 4 is offline
    Dublin 4's Avatar
    Join Date
    Feb 2011
    Posts
    12,245
    Twitter
    @

    Another subscriber to the Paddy Power analysis...

    The bad news for the Eurozone is that S&P is still not coming out and forcing Europe to face reality: the euro is doomed
    Predictable, and predicted. That’s a line that critics of the European super-state project have been using for some time now as the whole rotten edifice lurches from one crisis to another.
    On Black Friday the 13th, as it is being called, it was something of a two banger with nine Eurozone economies, including France, seeing their credit ratings downgraded by Standard & Poor’s, while negotiations on Greek debt went disastrously wrong in Athens.
    Both events were predictable, and predicted.
    The Commentator - Clock ticks for the euro as S&P downgrades nine Eurozone economies

    There ya go McD- ya can stick Paddy Power & The Commentator on ignore now too
    Sign in or Register Now to reply

Sign in to CommentRegister to Comment