Article

2011-06-22 Europe

Cameron says EU will not let Euro collapse

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2011-06-22 00:00|| || Front Page|| [3 views ] Top

#1 "EU finance ministers are refusing to hand the Greek government a second bailout package of 12 billion euro unless it agrees to implement a 28 billion euro (24.8 billion pounds) set of austerity measures which include tax increases and massive spending cuts."

For all the arguments about the supposed benefits of stimuli, funny how, when the sh!t really hits the fan, everyone suddenly knows the solution's spending cuts.

Or is it because the finance ministers are on the outside looking in? A bit of distance from the politics, and the demands of those with a vested interest in maintaining the size of the public sector, whether doing so helps or not.

Posted by Bulldog 2011-06-22 04:27|| 2011-06-22 04:27|| Front Page Top

#2 The EU will collapse instead?

Posted by gr(o)mgoru 2011-06-22 04:41|| 2011-06-22 04:41|| Front Page Top

#3 "Will not"? You may not have that option, son.

Posted by DarthVader 2011-06-22 10:17|| 2011-06-22 10:17|| Front Page Top

#4 Cameron the master of the EU-turn, the man with principles of Marx (Groucho) "if you don't like them he's got others..."

Has declared the Euro will not collapse...

Big shorting opportunity there guys and gals.

Posted by Bright Pebbles 2011-06-22 12:53|| 2011-06-22 12:53|| Front Page Top

#5 Said by a fellow who's country will not use the Euro

Posted by kelly 2011-06-22 13:41|| 2011-06-22 13:41|| Front Page Top

#6 Germany should leave the euro and let it drop like a rock. Devastating in short term, but just and healthy in the long run.

Posted by newc 2011-06-22 16:16|| 2011-06-22 16:16|| Front Page Top

#7 IIRC the EU is repor attempting to set up a EU$700.0BILYUHN internal bailout package for its various troubled Member-States, e.g. Greece, Ireland, Spain.

* OTOH CHINA DAILY FORUMS > IRELAND WANTS [Northern Ireland] INDEPENDENCE! GERRY ADAMS [Sein Fein] CALLS FOR IRELAND'S UNITY.

Yoohoo, Washington DC, do I say "told ya" now, or later [once again]???

FYI pro-UK + Protestant paramilitaries are staging violent street protests in Belfast, includ alleged physical attacks on Catholics.

* HERALD SCOTLAND [Waff] > INDEPENDENT SCOTLAND [will be] "LIKE GREECE", or Ireland.

* WAFF > IFF GREECE EXITS EUROZONE, THEY WILL HAVE INFLATION OF 90%.

> Revised or indexed Drachma currency will likely suffer an currency-sepcific interest inflation rate of 20%.
> ordinary Greeks to suffer from higher prices for imported goods + food.
> Greek foreign investments to suffer massive devaluation.

Sub-OTOH, Radical Islam is coming to wage Jihad in the UK [EU] irregardless iff Ireland, Scotland is still part of the UK + EU or not.

Posted by JosephMendiola 2011-06-22 21:34|| 2011-06-22 21:34|| Front Page Top

22:44 JosephMendiola
22:38 tipper
22:28 Redneck Jim
22:17 Redneck Jim
22:17 JosephMendiola
22:08 Barbara
22:07 twobyfour
22:05 Beavis
22:01 SteveS
21:50 Thing From Snowy Mountain
21:44 trailing wife
21:42 trailing wife
21:40 lotp
21:37 trailing wife
21:37 Procopius2k
21:36 lotp
21:35 SteveS
21:34 JosephMendiola
21:30 phil_b
21:25 Pappy
21:17 johnbragg
21:15 texhooey
21:13 JosephMendiola
21:08 JosephMendiola