It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Europe gathers arsenal to take on the markets in battle for the euro

page: 1
1

log in

join
share:

posted on May, 9 2010 @ 11:17 AM
link   

Europe gathers arsenal to take on the markets in battle for the euro


www.nzherald.co.nz

PARIS - The opening of Europe's financial markets tonight will unleash a battle that may decide the fate of the single currency and, with it, the cherished vision of European integration.

The 16 countries which share the euro will test an unprecedented strategy to defend their currency, pushed to the brink by the Greek debt crisis and relentless pressure from investors.
(visit the link for the full news article)




posted on May, 9 2010 @ 11:17 AM
link   

It also sets up an arsenal - the European Stabilisation Mechanism - endowed with up to €70 billion - to defend the currency against speculative attack, a measure described by the zone's financial chief, Jean-Claude Juncker, as "a watertight line of defence."


There have been various posts on speculation, but it still shocks me: a few individuals are so powerful that they can force countries can bring a country to its knees. We've all seen the horrible pictures of the protests in Greece and this has been largely caused by Soros and his henchmen, who profit from the suffering of millions of people.

Don't get me wrong, I am all for capitalism, but what these people do, is more like a criminal act. Bear in mind: the Greeks are the first but certainly not the last; this crisis is gonna affect everyone, the US included.

How come they are still allowed to do what they do? They are holding the world hostage.

www.nzherald.co.nz
(visit the link for the full news article)



posted on May, 9 2010 @ 11:28 AM
link   
The "Markets" are having far too much influence on nation states, we in the UK are going through a constitutional crisis and all anyone seems to care about is what the markets will think or how they will react on Monday.

This is a monumentous moment in British history and we shouldn't be forced into quick fix solutions for the sake of the market and their opinions. This is about the democracy of the British people not an oppourtunity fot the markets to dicatate their preffered outcome.



posted on May, 9 2010 @ 11:34 AM
link   
This is a momentous occasion in the history of Europe. Really, its going to legitimize the power of the one European government. Every European country is really a state in the EU, whether or not they are part of this eurozone mess. The good of Europe is more important than the good of any given European country, evidently.



posted on May, 9 2010 @ 11:35 AM
link   

We've all seen the horrible pictures of the protests in Greece and this has been largely caused by Soros and his henchmen, who profit from the suffering of millions of people.


You think Soros is causing riots in Greece? The previous government ran up huge debts and covered it up with fraudulent acts. When it was finally discovered, the debt burden was impossible to manage without cutting back on all the social services and raising taxes. It had nothing to do with a currency speculator...



posted on May, 9 2010 @ 11:40 AM
link   
reply to post by mythatsabigprobe
 


It was only Soros fault in that he helped push his Progessive/Socialist/Communist agenda in Greece like he does in the US. Everyone knows that its unsustainable, so he must have a bigger goal in mind as he is not a fool, just an evil bastard.



posted on May, 9 2010 @ 11:40 AM
link   
The greek economic position was ridiculous to begin with. The government was borrowing hugely, tax evasion was rampant and things like a mid 50s retirement age were costing them a fortune.

Having said that, the last thing that is needed is a gang of capitalist vultures swooping in to try and prematurely dismember the corpse with no regard for the real people and lives they are playing with. All just to make some money, pretty pathetic how much money has come to dominate us to the point where ethics and morals barely get a look in.



posted on May, 9 2010 @ 11:42 AM
link   
reply to post by Chris McGee
 




Having said that, the last thing that is needed is a gang of capitalist vultures swooping in to try and prematurely dismember the corpse with no regard for the real people and lives they are playing with.


I believe they call that "survival of the fittest". It is a key component of evolution, but for some reason humans do not respect it.



posted on May, 9 2010 @ 12:02 PM
link   

Originally posted by mythatsabigprobe

We've all seen the horrible pictures of the protests in Greece and this has been largely caused by Soros and his henchmen, who profit from the suffering of millions of people.


You think Soros is causing riots in Greece? The previous government ran up huge debts and covered it up with fraudulent acts. When it was finally discovered, the debt burden was impossible to manage without cutting back on all the social services and raising taxes. It had nothing to do with a currency speculator...


He is co-responsible, yes. Naturally, the Greeks are to blame in the first place, but if you'd know that the Greek economy only makes up 2 percent of the entire EU-zone economy, you would understand that there is no logical explanation for the current panic on a global level. The only reason that that there is panic, is because of speculation against the Euro.



new topics

top topics



 
1

log in

join