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Italy might as well go ahead and default, get it over with, instead of months of rioting, just one big one
In a world where logic drives action yours would be the course of events.But bankers will not allow that because it would mean we would not be paying for our entire debt until the last euro cent.
We should go the way Iceland went but I see no Italian politician on the scene who has the guts to do that.
'kick the can down the road'
I propose that Mr. Berlusconi believes he has a joker up his sleeve. Perhaps he's going to let loose a certain Turkish belly dancer on the banksters to satiate them until November.
The German people need to suck it up and realize that they need to work harder for the plush lifestyles of their southern Euro neighbors. Bank intermediaries are depending on their submission to the profligacy of others. If the German people don't cooperate, the banksters will punish the world accordingly for usurping their brazenly imprudent profiteering.
The interesting thing will be to see whether Germany will succeed in having us spaghetti eaters go down the way of "austerity no matter what" or if we will default before they have a chance to eat the next wurst and take the German bank system down with us (yeah baby!!).
Either way it will not bu funny.
We had one friend (Gaddafi) and many arch enemies (Germany and France on top). Now the only friend is gone, let's face the EU crooks.
with friends like that who needs enemies...you are your worst enemy...friend!
Berlusconi was planning out his weekend with the underage models and decided he did not want to be interrupted.
Our time will come. Just like Mr. Williams said in last night's post, our politicians will never be able to reduce social security, medicaire, medicaid and prescription drugs. The prols are addicted to the teets and will always vote the pushers back in.
Italian stupidity apparently knows no bounds
Italian stupidity apparently knows no bounds
This trait is certainly not limited to Roman politicians
I love it when a plan comes together meets berlusconi !
In World War II the Italian tanks also only had one gear, and it was reverse.
This is another reason I'm doubting Germany will have the stomach to take over the EFSF facility and dictate terms to Europe. Eventually they'll also have to be the enforcer with boots on the ground because the countries will reject interlopers and won't enforce themselves. Goodbye European Union.
are you sure it wheren't French tanks?
I hope everybody in the USA is noting how austerity is going in Europe. Kicking granny to the curb is not going to be as easy as you think. I'll also note the extreme reluctance of the "productive" to participate in the festivities.
Guappo in botta!
If you truly understood Italian Politics ,you would understand that these leaders are leaders in name only and frontmen for the underbelly of Italin business. We know what they will tell Merkel.
Good note for those in Europe trying to price in risk. All the agreements and backstops mean shit when one country can say at any time "OK we're out".
So long as monetization proceeds apace why should Italy care? Actually i should say "why should Berlusconi care" since this is the le etat cest moi moment we've all been waiting for. The rest are just--what did wisdom tree's steinhardt call them?-midgets?
Repeat after me the party slogan:
War is peace. Freedom is slavery. Ignorance is strength. Meltdown is bullish.
I voted for it...before I decided not to implement it...
Italy sees that Greece by lying is doing pretty well...so why not..why not get a few extra hundred million in free bailout cash...before you default
What an old clown, how could they even consider that madness? I really do feel sorry for the poor old Germans, first Greece and now the greaseballs, the mind boggles.
Well played Berlusconi.
A giant fuck you to the ECB and the EU. And what exactly are they going to do about it?
I think it's more about what they are not going to do, at this point.
Sure enought, Italy i TBTF for EU.
Berlusconi can do almost everything he wants. At the end of the day, what Germany can do to Italy without arming himself al lot more?
Ohh... the Bunga bunga urge; it is irrepressible on Mount Vesuvius's flanks, before that fatal day. Plutarch, an Italian historian, wrote his 'parallel' lives to remind us how basic human atavism, like 'basic instinct' in that film, makes monkeys of us all, as we fall into the fatal trap of irrational hubris..'GOd's lightning will NEVER fall on us, as we are the chosen...' Dream on...as that hilarious TV serial taught us... Berlusconi, if you go down that road, all Italy is toast, like your neighbours of immortal Greece.
Mother Merkel has her work cut out...
Slippery like wet noodle
Austerity is a Taboo word...you will see more spending...more printing and much more spending to keep the crowds tame. They prefer inflation rather then deflation.
Deflation is for Germans and Ducth only. All the others cannot afford it.Austerity kills growth, you can't have both at the same time.Plus it is promoted by bankster whose main concern is certainly not seeing the PIIGS get out the crisis, au contraire, they want to have a EU made up of debt slaves.
ViVa Italia! ViVa Berlusconi Babes!
Can you imagine how raw they must rub their skin trying to wash off that old man stink?
As raw as you must rub yours to wash off Obama's.
I'm sure using crisp new euros to exfoliate makes it much easier.
They should stop making bond payments altogether.
Why should he honor his agreement after all he is spending other peoples money. These politicians are no different then ours, promise the world and renege on it. I am laughing at all the despots in Europe telling the EU they will do something and never deliever so they can continue to spend other countrie's money. Europe is starting to run out of money this is going to be more good drama and of course the USA markets will soar ! /Sarc
Sterilization my ass.
Berlusconi knows that it is just funny FIAT money, printed at will.
The whole house of cards will come crashing down in short order.
Finland already knows it.
No Italian tanks only came with one gear. French tanks had a selector for forwrd and reverse. But, forward gears were never installed, because nobody thought they would need it to cross the uncrossable Maginot Line.
Didn't they make a movie with Nick Cage (don't call me Copalla, cause I can't underact) about some Germans and Italians who went to Greece on some king of "Joint Venture" that went sour when the Greeks didn't cooperate with them. Then the Italians wanted to back out of the "Joint Venture" and that got the Germans all pissy. I recall that the Germans were kind of hostile about the dissolution of the assets at the end of the film. Hope history doesn't repeat itself.
Good. Italy shouldn't austere itself for an unpayable debt load rife with fraud. Especially not to hold together this fucktard system.
Glass-Steagall it Italy.
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Hey Berlusconi, better watch out the bond vigilantes are on your ass. That's right, the freakin' bond vigilantes!!
I'll bet that Berlusconi is really shaking about now.
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