Yeah, it's all nice fine good and heart warming that they've come to this agreement, but I'm more than a tad puzzled.
The warm and fuzzy is all over their agreement to talk some more?????
After 10 hours of talks, all 17 members of the euro zone and six countries that aspire to join resolved to negotiate a new agreement alongside the EU
treaty with a tougher deficit and debt regime to insulate the euro zone against the debt crisis.
"It's going to be the basis for a good fiscal compact and more discipline in economic policy in the euro area members," Draghi said. "We came to
conclusions that will have to be fleshed out more in the coming days."
Haven't they been 'talking' for two years to deal with this inability to stop spending money like sailiors on shore leave? It would appear, at
least to me, this is another step in the hey, we're working on it so we're gonna talk some more
Another thing that puzzles me is how they agreed for the EU nations to cough up 200,000,000,000 Euro in loans to the IMF to help deal with this debt
crisis . . . .
It also was agreed that EU countries would provide up to 200 billion euros in bilateral loans to the International Monetary Fund (IMF) to help it
tackle the crisis, with 150 billion euros of the total coming from the euro zone countries.
They've been barfing platitudes at eachother and anyone else who cares to listen for two years because they're so far in the hole, they can't see
daylight . . . and their semi-collective answer is to throw more debt at it?
If the Eurozone countries are so far in debt, where are they going to get the money to loan to the IMF, which the IMF needs to loan to countries to
deal with excessive debt.
These countries are going to borrow money to lend to the IMF who will lend it back to them to deal with the fact that they borrowed too much money in
Same old, same old, same old.
But, guess who's gonna benefit from this?????
Those who get to, in steriod-induced fashion, write the fake money created by interest on their balanace sheets therefore getting a very few more
wealth at the expense of the poor bastards on the street who's infrastructure will eventuall crumble, social programs that will become inadequate,
and basic standard of living is going to be chopped to ratcrap.
Welcome to Mrs. Hitler's and her little French sidekick's Make the Rich Richer
And the markets will zoom to holy high heaven today because the folks on Wall Street will realize they stand to benefit the most on this and will
undoubtedly be sporting major wood over this extension of their greed infested system.
Source for this bullcrap