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Europe Fails Again, This Time To Get Budget Deal Done

Tyler Durden's picture




 

In what should be the least unexpected news of the day, Europe has failed for the second time in one week, after disappointing with no Greek resolution on Monday (and forcing the BIS into a EUR liftathon scramble to indicate that all is still well), this time announcing that an attempt to come to a deal on the EU budget has failed, with another budget summit scheduled now for January. This follows yesterday's misreported news that Cyprus, too, was fixed and the country had achieved a "hard-won" (as some sad Eurohack called it) bailout: turns out it wasn't in the end. And just how does one "hard-win" a bailout - crash their economy better than the rest? And speaking of Greece, nothing is fixed there either, but Germany, whose position was the reason for the first stalemate, demands optimism.

  • GERMAN FINMIN SCHAEUBLE -NOT EASY TO CLOSE GAPS IN GREECE FINANCING

but:

  • SCHAEUBLE SAYS `OPTIMISTIC WE'LL FIND SOLUTION' FOR GREEK AID

And so, once again, all is well. At least until the next failure to "fix" Greece, at which point Germany will demand even more optimism.

 

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Fri, 11/23/2012 - 12:07 | 3006508 DoChenRollingBearing
DoChenRollingBearing's picture

Maybe someday all of this news out of Europe will matter...

Fri, 11/23/2012 - 12:07 | 3006509 slaughterer
slaughterer's picture

Schaeuble's optimism will blow throw another 4 or 5 stops of the EUR/USD insitutional shorts.  

Fri, 11/23/2012 - 12:08 | 3006510 Conman
Conman's picture

I too am optomistic.. that i'll hit the powerball. fat chance of that happening. Or should i say im technically optomistic?

Fri, 11/23/2012 - 12:09 | 3006515 Mae Kadoodie
Mae Kadoodie's picture

Optimistic Schmuck.

Fri, 11/23/2012 - 12:10 | 3006518 Cursive
Cursive's picture

Who knew the end of the EU would be so bullish for EUR?

Fri, 11/23/2012 - 12:16 | 3006521 slaughterer
slaughterer's picture

Schaueble: "We have found a solution to the Greek aid: WalMart shoppers of the world need to get on Ryan Air to Athens for more $5 headphones."

Fri, 11/23/2012 - 12:16 | 3006534 Inthemix96
Inthemix96's picture

Do you think we will ever see the point when just one person gets so desperate, so angry, so full of hate and passion we will see one of these sons-of-bitches killed on the evening news?

What will it take to push one of us sick to the back teeth of this bullshit to provoke or actually do something?  Its quite obvious the courts and judicial systems of all our countries are fucked, so when and how will the average joe get REAL justice when the fuckers are laughing at us?

Over here in Blighty, we have MPs' robbing the taxpayer blind while covering up systemic and fucking huge amounts of peodophilia, while telling us not to get upset and go on a witch hunt against gay people?  This game is so far fucked I really do pray for the end of it.  Every day new revelations of fraud and corruption from those in power, while expecting the rest of society to pay for the fraud and corruption while those in power line their own pockets at our expense.  Sorry for the rant, but fuck me, bring this fucker down already.

Fri, 11/23/2012 - 12:16 | 3006535 Glass Seagull
Glass Seagull's picture

European failure = success

American success = failure

Fri, 11/23/2012 - 12:24 | 3006555 Nothing To See Here
Nothing To See Here's picture

I am really optimistic that the EU dictators will remain optimistic until the very second before SHTF.

Fri, 11/23/2012 - 12:44 | 3006612 youngman
youngman's picture

How hard is it to do a BUDGET when you own a printing press...just throw shit at the wall...if it sticks use it....say 100 trillion ought to do it

Fri, 11/23/2012 - 13:04 | 3006671 No Euros please...
No Euros please we're British's picture

But this is tragic! I was so sure they would all agree progress was being made towards arranging the next meeting.

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