Pressure builds as eurozone ponders debt solutions, page
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Topic started on 29-11-2011 @ 04:25 PM by alchemist2012

Pressure builds as eurozone ponders debt solutions


news.yahoo.com
The finance ministers were discussing ideas that until recently would have been taboo: countries ceding additional budgetary sovereignty to a central authority — EU headquarters in Brussels.

With Italy sinking rapidly into financial chaos, the eurozone's 17 finance ministers scrambled Tuesday to find enough money to give their rescue fund a veneer of credibility and world markets some reason to believe their embattled currency won't break up.

Italy's borrowing rates shot up above 7 percent Tuesday, an unsustainable level that already has forced three smaller EU nations to seek bailo
(visit the link for the full news article)


reply posted on 29-11-2011 @ 05:25 PM by ColCurious
reply to post by camaro68ss


Germany can not afford to "own" Europes debt and doesn't even want to... that's nonesense.

Right now the EU wants to merge government bonds of the economically stronger and weaker countries into Eurobonds to bail out the weaker economies, which Germany strongly opposes.

I agree that countries like Greece had unsound, unbalanced budgets and way to high spending... but thats not solely the reason that brought Greece or Europe "to its knees"... nor was it what you call socialism.
edit on 29-11-2011 by ColCurious because: (no reason given)



reply posted on 29-11-2011 @ 06:02 PM by ColCurious
reply to post by Mart0


Yeah right, the evil Germans.
Imagine there was a binding referendum in Germany about our EU-membership, which would definitely lead to Germany leaving the EU, because the German citizens are not very enthusiastic about paying for other countries debt.
The so called powerhouse would return to its own currency and leave the Eurozone behind, with all its debt.
Have fun with it, we don't want it. No more fear of evil Germany conquering Europe.
I wonder how long the Eurozone would last...
edit on 29-11-2011 by ColCurious because: (no reason given)



reply posted on 30-1-2012 @ 12:39 AM by JudgeDeath
reply to post by ColCurious



And this clearly shows that the evil Germans somehow orchestrated the collapse of the Eurozone. They must have invented a secret Nazi-weapon that made everyone else too stupid to keep their nations economy stable. The end.


Germany has been at the centre of Europe’s mishandling of the Euro crisis from the very start.

Unless your into Mercedes Benz or BMWs I really don't think that anyone outside of Europe prior to November 9th 1989 would have given Germany a second thought, two halves of the same Apple were reunited for the first time since the Berlin Wall was erected.

Did Germany sow the seeds of the eurozone debt crisis?

Who is to blame for starting the current crisis in the eurozone? Greece? Italy? The real answer may lie further north.

Read More...

The EU might have been a good idea in the beginning but what it became is a joke and thats not Germany's fault. Germany doesn't want to become a superpower... the German people learned their lesson from history.


Q: Who is the most dominant member of the monetary union???
A:The Federal Republic of Germany!!!

Q: Who is in charge of this whole show???
A: Chancellor of the Federal Republic of Germany Angela Merkell!!!

Greece has rejected outright German proposals for the EU to hold power over its budget.

Culture Minister Pavlos Yeroulanos told the BBC it would be "impossible" for Greece to cede control of its tax and spending powers.

Read More...

No dive bombing ME 109s this time around, but once the financial assassins have begun to fail in their mission I think we all know what comes next.

I'm out of this thread. Fortunately there are enough more serious threads on ATS about the EU-debt-crisis and the real reasons behind it.


Dag
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