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Sigh, More Almunia Headlines
10:44 02/09 EU ALMUNIA: SUPPORT SHOULD BE IN RETURN FOR GREEK EFFORTS
10:43 02/09 EU ALMUNIA: WANTS EU LEADERS TO SAY THEY WILL SUPPORT GREECE
10:41 02/09 EU ALMUNIA: CURRENT SITUATION MOST DIFFICULT SINCE EMU START
10:41 02/09 EU ALMUNIA: EU SPECIAL SUMMIT THURSDAY V IMPORTANT
10:40 02/09 EU ALMUNIA: NEED TO REESTABLISH CONFIDENCE IN EMU, EURO
10:34 02/09 EU ALMUNIA: NEED TO INCREASE COORDINATION IN EURO ZONE
10:36 02/09 EU ALMUNIA: EMU CAN AND SHOULD SOLVE GREECE BY OURSELVES
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Smell the bailout.
reminds me of those sign holders at an intersection...desperation smells
"desperation?". No, I say coordination with his boses. I thought he said everything is good back in Davos. And I though those are criminal who are causing the disruption. So why yield to them?
Poker face!
Bernanke hearing postponed due to weather or whether he's needed in Greece bailout stratgey. Kinda coincidental w/Trichet's early return to EU??? Ummmm.
Almunia=Perfumed Prince. Utterly worthless, even as a bureaucrat
Almunia is desperate lame duck of a comissar.
Buh buh buh bailout!
We know how these banksters do it! Quick fix time, call BS, and run that press!
Surprised? Nah, this was the plan all along....destroy the currencies, then make some new ones. Order by chaos. Chaos by design. Out of the ashes will rise the phoenix once again.
Perhaps the bailout is coming, but...
It will be interesting to see the conditions imposed on Greece as a result. No way in the world are the Germans going to accept the "blank check" route, when they are perhaps the most responsible party in the game.
The rest of the EU should realize that a blank check for Greece would open the door for more irresponsible behavior from the "non-cores", and even more blank check bailouts.
When all is said and done, I think Greece is going to be imposed it's own 12-step program to sobriety.
Good Points.
someone said the same when the TBTF in US and Europe were bailed out, now TBTF are even bigger to fail, the bonuses are disguised but even bigger than 2007, so what makes you think Greece would be on road to sobriety after this bailout? Just because it's not america doesn't mean bailouts would be any more logical. The wheel of doom is just turning, it won't stop at Greece, in fact it would turn full circle stopping several times at each destination over the next 2 decades if Japan is any guide. When Koizumi finally forced the zombies to come clean on their debt, everyone thought the worst was over after 15 years. Five years on and 20 years after 1989, Japan is still in shit hole. The western shit hole would be around until our grandchildren's time.
Because the Germans still have the scars from the Weimar Republic on full display. They are reluctant to bailout their own through money printing, let alone take on an irresponsibe rounding error economy like Greece. Huge difference, in comparison to Japan and USA.
There's always the possibility that Greece will fall off the wagon of the 12-step program. That's why the Germans have every incentive to limit bailout money to meet ST liquidity needs, and fiscally force the Greeks to make the necessary changes. About 20 billion euros should do...
If they, indeed, fall off that wagon... then Greece simply faces default, exit from the EMU, and a hat in hand with the IMF-- because they will need more money if they goof. The Germans shouldn't feel complled to do much more than that.
Sigh. More Goldman Sachs Headlines
The Spiegel is reporting that Goldman Sachs helped Greece cover up part of its whopping deficit. The deal was reportedly done via a currency swap, using artificially high exchange rates.
http://ftalphaville.ft.com/blog/2010/02/09/145201/goldmans-trojan-greek-...
EURO ZONE GOVERNMENTS HAVE DECIDED IN PRINCIPLE TO HELP GREECE-SENIOR GERMAN
RULING COALITION SOURCE --
just hit. means nothing, but algos decide it does.
Mkt up 150. Being short does not pay.
Can we get a real-time GPS track on Trichet's plane? The market seems to move in correlation with its latitude
Seems throwing money into a hole now is seen as something to cheer wildly about!
Well it seems to have worked in America...
Where's the "Incompetent goal keeper, Almunia, Screws up game for Arsenal" headline?
Interesting insight from Dr. George Friedman from Statfor. Here's the link to his free weekly column
http://www.stratfor.com/weekly/20100208_germanys_choice
This is why the EU and the Euro are doomed in the long run. Stupid fucking idea to begin with anyways.
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