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Greece Turning Viral Sparks Search for EU Solutions (Update2)

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posted on Apr, 29 2010 @ 09:34 AM
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Greece Turning Viral Sparks Search for EU Solutions (Update2)


www.bloomberg.com

European policy makers may need to stump up as much as 600 billion euros ($794 billion) in aid or buy government bonds if they are to stamp out the region’s spreading fiscal crisis, said economists at JPMorgan Chase & Co. and Royal Bank of Scotland Group Plc.

With Greece’s budget turmoil infecting markets from Rome to Madrid, economists are urging German Chancellor Angela Merkel, European Central Bank President Jean-Claude Trichet and other officials to come up with unprecedented measures.
(visit the link for the full news article)




posted on Apr, 29 2010 @ 09:34 AM
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The sovereign debt crisis that started in Greece is indeed looking like a tip of the iceberg. While Portugal's ratings were downgraded by S&P yesterday, today Spain joined the list of countries whose ratings were downgraded by the S&P ratings agency. Everyone, from the IMF chief to OECD head are saying that time is the most crucial factor in this crisis that threatens the financial stability of the entire Eurozone. However, this time around, bailouts worth hundreds of billions of dollars will not be easy to be approved as politicians of each European country, especially Germany are playing the game according to the public sentiment that vehemently opposes any kind of bailout package.

www.bloomberg.com
(visit the link for the full news article)



posted on Apr, 29 2010 @ 09:39 AM
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Who cares? The DOW is up over 11K.


America and the rest of the world is entering an economic disaster that will make the great depression look like a day at the spa. Either that or WWIII will start. Things don't look good for the future of the world.



posted on Apr, 29 2010 @ 09:40 AM
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Originally posted by order in chaos


The sovereign debt crisis that started in Greece is indeed looking like a tip of the iceberg. While Portugal's ratings were downgraded by S&P yesterday, today Spain joined the list of countries whose ratings were downgraded by the S&P ratings agency. Everyone, from the IMF chief to OECD head are saying that time is the most crucial factor in this crisis that threatens the financial stability of the entire Eurozone. However, this time around, bailouts worth hundreds of billions of dollars will not be easy to be approved as politicians of each European country, especially Germany are playing the game according to the public sentiment that vehemently opposes any kind of bailout package.

www.bloomberg.com
(visit the link for the full news article)


all this talk of germans vehemently opposing any bailout is a down right flat out lie...im in germany and no one i know is even talking about this....germans are just as disinterested and controlled as any other western nation...



posted on Apr, 29 2010 @ 09:41 AM
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could this actually be an attack from the US to keep the dollar as the worlds currency?

seems to come at a very nice time for the dollar

[edit on 29-4-2010 by alienesque]



posted on Apr, 29 2010 @ 10:00 AM
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This is all very similar to the 'Problem, Reaction, Solution' about the federally controlled fiscal EUROZONE that was pointed by the "New World Order" whistleblowers before the crash and Lisbon treaty signing..

Only real way out of this now is to lock every EUROZONE state through a federally controlled fiscal government.. Basically a United States of Europe at the core of the EU..

Either that or collapse the EURO..

And if the EURO collapses, imagine the worldwide damage in the bonds markets and everything that is connected.. Trillions of EURO's worldwide would disappear in the space of days..



posted on Apr, 29 2010 @ 10:02 AM
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Originally posted by alienesque
could this actually be an attack from the US to keep the dollar as the worlds currency?

seems to come at a very nice time for the dollar


Thats exactly what it is..

But its not the US government, its the big institutions that control the dollar..

Goldman Sachs has push over two of the three main rating agencies while also having MASSIVE shares in the USD.. So Sachs is betting against Greece, pushing for the downgrade and publicizing the problem while securing a level of stability for the dollar as a currency apparently not in crises..



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