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surely this was already in the price of eur/usd??
Not sure, what did the Ottoman empire use as a denomination? That would be your answer now.
LOL @ Yen and Euro!
There you go, Greece is now stabilized. Italy, soon to follow. Then Ireland. Then Portugal?
Then? Masterful plan these guys have, that you have to give them.
Yea they got a new guy, same as the old guy but HEY just move the deck chairs around a bit....there! FIXED!
Seriously SD1. And it's not even musical.
I bet Draghi Merk and Sark are feeling pretty clever right now. Wonder if they'll feel less clever when the Greeks revolt and depose L-Pap on live television?
More greek pap
G Pap, L Pap, O Pap, T Pap....they are all BROKE Pap.
Papsmear is coming next.
whom do they have from GS to replace that italian guy?
Acutally Super Mario is International Advisor of Goldman Sachs
Hold it.... He was never at Goldman.... Mayan calendar short count time...
Oh well. Goldaman needs somebody to skullfuck.
At least he knows where the bodies are.
"During his time as Governor of the national bank, Mr Papademos was involved in Greece's transition from the drachma to the euro as its national currency."
One by one the Merkozy Politburo will be revealed.
So then the whole problem with Greece was just G-Pap? WOW!
"If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society."
-Jin Liqun, the supervising chairman of China's sovereign wealth fund
Absolutely damn right!
Europe is finished!
A commie says that about a socialist. What's this world comin' to?
Gone are the days when leaders had beliefs and ideologies and sticked to them. Now they are just going with the least painful option.
I don't know. I think we tend to look back almost romantically about beliefs and ideology when it was all just propaganda (a lot of it, anyway). It was propaganda at the time the ism's were being sold (both for and against) and it continued to be propaganda as life transitioned from current events to history.
Indeed, it's fucked up, here's the whole quote...and he's dead on.
"If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labour laws are outdated. The labour laws induce sloth, indolence, rather than hardworking. The incentive system, is totally out of whack.
"Why should, for instance, within [the] eurozone some member's people have to work to 65, even longer, whereas in some other countries they are happily retiring at 55, languishing on the beach? This is unfair. The welfare system is good for any society to reduce the gap, to help those who happen to have disadvantages, to enjoy a good life, but a welfare society should not induce people not to work hard."
Jin Liqun, the supervising chairman of China's sovereign wealth fund
Said from the unofficial spokesman for the country that has brought you outgassing drywall, melamine pet/baby food, lead based toy paint, and plastic rice.......
But they are the best death traps and hazards money can buy.
Having a beautiful beach near you is a heavy disadvantage if you are trying to work hard.
Cheap wine, hordes of sexy young tourists aren't helping too.
Rainy northern countries can easily outperform southern ones, so they must pay their share.
What was G-Pap's golden parachute worth? I'll bet he got 50M plus......
New Boss, same as Old Boss. Greece to get uglier quickly
In the end, Greece is still bankrupt. It doesn't matter who is the puppet.
L-Pap is irrelevant. The EU needs millions of new jobs to be created and spending curbs to ultimately get out of this mess. More new debt creation will not solve their problems.
Same as the US! Yet now all we concentrate on is new debt creation, and the next delivery of new debt after that one! Price it all in baby!
Draghi: Phd MIT, GS
world government bitches
Fitting that the birthplace of democracy is also where democracy returned to die.
We're goin down, to FullRetard Town! YEA baby!
The Euro is the central bank consolidation crown jewel and they are not going to let it go without a fight. Most of the 20th century wars were fought to bring "rogue" currency nations into the fold. Libya was the latest to gain a private central bank. Uganda has US "advisors" being deployed, they can either come quietly and "privatize" their central bank or face a freedom and democracy uprising.
Yea its all plainly obvious to see this all is not about anything but the next step, 1 world bank, 1 world currency, and 1 world govt.
Papademos to head government to oversee a crash course about tax moral for the occupied Greek population!
Good luck with that!
If the USA now has their guy in there look for a large $ injection in 5, 4, 3 ....
Can kicked successfully.
There too many PAPAs and not enough MOMMAs over there!
Papademos is currently a visiting professor of public policy at the Kennedy School of Government at Harvard University. He was previously a vice president of the European Central Bank and also served as a senior economist at the Federal Reserve Bank of Boston.
He is a Trilateral Commission member.
I'm not understanding how one PM can resign and then install anyone they want in his place. Is that how it works in Greece?
I find it interesting that they can just install someone who's not a member of parliament. Is that the way most parliamentary systems work? It seems like a loophole a dictator would find irresistable.
And download the numbers to excel:
This whole mess is a Pap smear.
The good ship "Money Power Central" has plowed into an debtberg of its own making and the band plays on.
The privately held Federal Reserve is the top regulator of to big to fail banks. It's creation of money out of thin air and lending it at interest to the sovereign is the most insidious of criminal PONZI schemes.
If we truely want to restore real Free Market Capitalism to the Republic, we must first eliminate the most pernicious corrupting force of all. END THE FED.
Money Power And The Central Bank: Life Is But A MEME
END THE FED: THE FIRST STEP IN RESTORING OUR CONSTITUTIONAL REPUBLIC
Based on Ponzi dynamics, credit expansions and speculative manias are naturally self-limiting. Credit expansions expand exponentially until the debt they generate can no longer be serviced and the greatest fool has committed himself to the exhausted trend, and no one remains to push prices up further.
Central Banks, Bubbles And The Coming Unwind
Can you say; Counter Party Risk? See how money, created out of thin air has exploded the worlds financial sector and how it can disappear as if it never existed:
Evaporation of Wealth on a Vast Scale: How $Millions - Trillions Can Disappear
- Inflection Point
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