European leaders prepare for a Greek default, page 1

European leaders have admitted they are preparing for a Greek default as the eurozone debt crisis enters a pivotal week.
EU Leaders Prepare For a Greece Default

"We are doing everything we can to prevent a perilous escalation for Europe but must at the same time be prepared for the worst," Mr Schaeuble said. "If things turn out differently than everyone expects that would of course be a major breakdown.

George Soros, the hedge fund manager famous for shorting Sterling in the 1990s, added that it is "probably inevitable" that a country will quit the euro. "There are fundamental flaws that need to be corrected," he said. What Europe's leaders are saying about the bail-out.

Correction George Soros is behind the economic collapse in eupore but he isnt the only person who created the economic collapse, as for the article goes it seems that only now the EU leaders admit and are preparing for a Greek default but before it news already reported this before it became headlines

What are your thoughts on this one?

reply to post by Agent_USA_Supporter

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I think what began as a trading cartel with loose borders aiding a peaceful Europe became the euro super state dream in the eyes of some (unelected) power mad individuals at the heart of Europe.

The Greeks see it happening...

-Lightrule

Originally posted by Agent_USA_Supporter
European leaders have admitted they are preparing for a Greek default as the eurozone debt crisis enters a pivotal week.
EU Leaders Prepare For a Greece Default

"We are doing everything we can to prevent a perilous escalation for Europe but must at the same time be prepared for the worst," Mr Schaeuble said. "If things turn out differently than everyone expects that would of course be a major breakdown.

George Soros, the hedge fund manager famous for shorting Sterling in the 1990s, added that it is "probably inevitable" that a country will quit the euro. "There are fundamental flaws that need to be corrected," he said. What Europe's leaders are saying about the bail-out.

Correction George Soros is behind the economic collapse in eupore but he isnt the only person who created the economic collapse, as for the article goes it seems that only now the EU leaders admit and are preparing for a Greek default but before it news already reported this before it became headlines

Yes we must to come in to Europe we will promise to you a new economy.No markets collapses. Where are those results ?Where are those merkets stability. Why there are more bubbles now more than in the last century
Euro buying power ? Inflation ? What i can see is : Hyper inflation of prices, low salaries(they doesn't icreased from 2000),less jobs(industrials common practice favouring the immigration work salary curve = more workes =low salaries sindacate workers power nada niente nothing because there is more offer of workers ) or relocating the industries Why because the labor cost in those "new european countries" is low so you will find your precious prada boots made in Italy but they aren't made in Italy but made in Romania
Who approved their balances naturallu the ECB
Let's import textiles from China we will promise to you lowest prices. Yes lowest prices for the importers but the textiles products still having the same prices Why ? More gains for the importers. Where is the concurrency ?
This is MONOPOLY like the paper you are calling money.
Next country ? Italy


What are your thoughts on this one?

Soros connections with Rotschild

Originally posted by Lightrule
reply to post by Agent_USA_Supporter

---

I think what began as a trading cartel with loose borders aiding a peaceful Europe became the euro super state dream in the eyes of some (unelected) power mad individuals at the heart of Europe.

The Greeks see it happening...

-Lightrule

The euro was an excellent idea. There's no disputing that, in practice, not sure if you used it, but living in continental Europe I've used it countless times, was a major jump over previous fiddling with national coin.

The issue was that euro criteria were the same irrespective of the country being Greece or Germany. The fact that all countries were allowed to keep tight sealed fiscal and economical policies made it not to work, as the euro would have required a more knit closed economy.

There's also the small issue that all countries (yes, including France and Germany as we saw two years ago) fudged their accountancy to comply with the convergence criteria. This created a Brussels born illusion that everything was ok when the root problems of what we are seeing today were already there.

reply to post by jmlima

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Sorry, meant the EU is almost bound to fail with some much infighting and bitching... But the Euro will be kept going even if it means dragging it kicking and screaming along the street..

Fortunately it might not come to the kicking and screaming parts as Premier Wen Jiabao comments seem to me to have helped bolster a little more confidence in the Eurozone.

Seems almost too coincidental in the timing of his visit to Europe...

Originally posted by thoughtsfull

Originally posted by jmlima

Originally posted by thoughtsfull
...
Seems almost too coincidental in the timing of his visit to Europe...

yeah, he is protecting his investments...

Protecting his investments against who... this is the part I haven't quite got my head around, at times it seems like the bail outs fail to have any positive impact as our (our meaning our corporate government) greed keeps pulling us back into the quicksand, or we are in midst of an economic war.. or.. as I say, I've not quite got my head around this...

But it is (for me) quite striking that while Obama tried to bring American good will the Chinese Premier brings hard cash..

IMO, he is buying markets:

www.bbc.co.uk...

They are moving further away from the 'cheap', through their help with rescues they are ensuring cooperation in fiscal and trade agreements. It makes sense then to ensure that no other party comes and 'steals' his grab by putting more money into those 'client countries'.

China is turning onto the 'helpful' last resource bank. We are selling our soul for cheap (or not so cheap) TV's.

Originally posted by jmlima

Originally posted by Lightrule
reply to post by Agent_USA_Supporter

---

I think what began as a trading cartel with loose borders aiding a peaceful Europe became the euro super state dream in the eyes of some (unelected) power mad individuals at the heart of Europe.

The Greeks see it happening...

-Lightrule

The euro was an excellent idea. There's no disputing that, in practice, not sure if you used it, but living in continental Europe I've used it countless times, was a major jump over previous fiddling with national coin.

The issue was that euro criteria were the same irrespective of the country being Greece or Germany. The fact that all countries were allowed to keep tight sealed fiscal and economical policies made it not to work, as the euro would have required a more knit closed economy.

There's also the small issue that all countries (yes, including France and Germany as we saw two years ago) fudged their accountancy to comply with the convergence criteria. This created a Brussels born illusion that everything was ok when the root problems of what we are seeing today were already there.

edit on 27-6-2011 by jmlima because: typo

The euro was an excellent idea. There's no disputing that, in practice, not sure if you used it, but living in continental Europe I've used it countless times, was a major jump over previous fiddling with national coin.

The euro isnt and never will be an excellent idea, the EU union was forced upon the Europeans in secret, euporeans back in the 80s had no idea there will be a creation of a euporean union.

As for the dollar, the dollar is a failure, it asks of your nation to surrender your sovereign country dollar in return for the Euro and thats not all now the EU and the elites wants all former soviet ex states to join the falling empire.

If anything if you look at the map of the EU Union, you can clearly see that it looks like a huge iron wall agaisnt russia.

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