Article

2012-06-30 Europe

Merkel caves on Eurozone bank bailout deal

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Posted by Steve White 2012-06-30 00:00|| || Front Page|| [11128 views ] Top

#1 Yep, Europe's screwed, we knew that already.

Posted by Redneck Jim 2012-06-30 06:27|| 2012-06-30 06:27|| Front Page Top

#2 Good. You have to destroy what they have now completely before something worthwhile (or, at least, not a threat to the rest of the World) can be put in its place.

Posted by g(r)omgoru 2012-06-30 06:30|| 2012-06-30 06:30|| Front Page Top

#3 A flagrant violation of the Constitition.

Posted by European Conservative 2012-06-30 06:43|| 2012-06-30 06:43|| Front Page Top

#4 This is a very biased view. From what I've read all they did is kick the can down the road again. Nothing is going to happen according to this until next year and then only if they can agree on a formal banking supervision formula run by the ECB.

That last one is the real sticker because that's the one that Merkel has said no easy money. AND that's probably going to require a change to the German constitution to pass.

This announcement is nothing more than propaganda for the masses to take some pressure off Rajoy and Monti.

S2D2.

Posted by AlanC 2012-06-30 07:52|| 2012-06-30 07:52|| Front Page Top

#5 See http://www.eureferendum.com/ for long and detailed entries on all this $hit dating back years.

Posted by AlanC 2012-06-30 07:54|| 2012-06-30 07:54|| Front Page Top

#6 I will change my nick name very soon. Suggestions welcome.

"American at Heart in Exile" is a bit long though.

Posted by European Conservative 2012-06-30 13:51|| 2012-06-30 13:51|| Front Page Top

#7 Sounds perfect to me, EC.

You only have to type it once, then the computer will remember (unless your cookies get wiped out).

Posted by Barbara 2012-06-30 14:22|| 2012-06-30 14:22|| Front Page Top

#8 "Bundesverfassungsgericht" is kind of long too, so I just call them the bitter clingers in Karlsruhe. Something like that?

Posted by RandomJD 2012-06-30 14:48|| 2012-06-30 14:48|| Front Page Top

#9 I had to google to find out what you meant by Bitter Clingers. Now I get the point.

The fact is that the Maastricht Treaty EXPLICITLY forbids a transfer union. Each state is required to mind (and mend) its own finances.

Today German parliament gave away its budget sovereignty to some undemocratic unelected body people cannot even spell out. We are witnessing a power grab of Eu bureaucrats which is simply unconstitutional and illegal. You could call it high treason, too, but those words sound so old-fashioned.

In a few years we'll pay by a currency cut. I will prepare accordingly.

Posted by American at Heart (aka European Conservative) 2012-06-30 18:50|| 2012-06-30 18:50|| Front Page Top

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