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European News Recap

Tyler Durden's picture




 

Below is a summary of the leading news out of Europe which once again is at the forefront of the action, send risk far lower following the latest reminder that the continent is not only insolvent, but that its economy needs far more debt to even stay unchanged.

  • Noonan Says May Have to Cut 2012 Economic Growth Forecast
  • Pimco’s Balls Says It’s Right for ECB to Be in Bond Market
  • De Jager Says Greek Collateral Agreement Won’t Take Too Long
  • Greek Parliament Report Data Inaccurate, Finance Minister Says
  • International Officials See Greek Deficit at 8.8%, Ta Nea Says
  • U.K. Manufacturing Contracts Most in More Than Two Years
  • French-German 10-Year Yield Spread Widens to Most Since Aug.12
  • European Central Bank Said To Purchase Italian Government Bonds
  • Spain August Home Prices Fell 7.3% Annual Rate, Idealista Says
  • French Banks Are Better Capitalized Than Year Ago, Pecresse Says
  • Euro Falls to Two-Week Low Versus Dollar on Debt Crisis Concern
  • Pimco’s Balls Says It’s Right for ECB to Be in Bond Market
  • Baroin Says Overhaul of Global Monetary System Needed: Video
  • Portugal’s Prime Minister Rejects Wealth Tax, El Pais Reports
  • German BCE Union Seeks End to ‘Low’ Wages, Handelsblatt Says

Source: Bloomberg

 

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Thu, 09/01/2011 - 07:23 | 1622106 freethinker4now
freethinker4now's picture

Good, good, bad, bad, good, bad, bad bad bad bad, good bad...Oh I give up :(

Thu, 09/01/2011 - 07:23 | 1622108 Sudden Debt
Sudden Debt's picture

 

 

European news recap: We're fucked.

US news recap: You're fucked.

 

further developments will follow.

 

Thu, 09/01/2011 - 07:26 | 1622118 Cojones
Cojones's picture

 Time to meet the fuckers, guillotine style...

Thu, 09/01/2011 - 07:27 | 1622121 oobrien
oobrien's picture

We might be fucked.

But that doesn't mean we can't have fun.

No matter how bad it gets, it ain't like we're living in the Middle Ages.

Fuck you.  And fuck your mother.

We will survive.  Fuck it all in the ass.

Tune in, turn on, and drop out.

And fuck Ben Bernanke.

http://geraldcelente.proboards.com

Thu, 09/01/2011 - 08:35 | 1622216 slewie the pi-rat
slewie the pi-rat's picture

and fuk you, troll!

Thu, 09/01/2011 - 07:26 | 1622117 buzzsaw99
buzzsaw99's picture

Pimco’s Balls

Thu, 09/01/2011 - 07:29 | 1622125 Gandalf6900
Gandalf6900's picture

Pimco's balls say he's a dick

Thu, 09/01/2011 - 07:35 | 1622134 buzzsaw99
buzzsaw99's picture

Pimco's Balls on chopping block?

Pimco's Balls against tightening

Thu, 09/01/2011 - 09:08 | 1622302 snowball777
snowball777's picture

Gross!

Thu, 09/01/2011 - 07:32 | 1622132 Construct
Construct's picture

External debt to GDP, Western Europe:

UK 386%

France 208%

Germany 163%

Ireland 1106%

Italy 132%

Portugal 240%

Spain 170%

Thu, 09/01/2011 - 08:03 | 1622169 Dapper Dan
Dapper Dan's picture

What is the meaning of this?

 Why would they freeze money?  How long does it take to thaw the money before you can deliver it?

 @CNNInternatDesk

The British government has begun delivering money that it unfroze to the Central Bank of Libya in Benghazi.
Thu, 09/01/2011 - 09:07 | 1622300 snowball777
snowball777's picture

Austerity: It's What's Not for Dinner!

Mon, 09/05/2011 - 09:08 | 1633901 shacai
shacai's picture

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