This page has been archived and commenting is disabled.

Germany Backs EFSF Expansion With 523 Votes In Favor, 85 Against; EUR Sells On The News

Tyler Durden's picture




 

The German "TARP equivalent" EFSF expansion vote has passed with a resounding majority of 523 votes For and 85 Against. Obviously this was largely priced in judging by the rapid sell off in the EURUSd on the news. And now, back to focusing on the structural failure of the Eurozone which no vote can fix.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/29/2011 - 06:22 | 1721200 papaswamp
papaswamp's picture

Slaves bitchez!

be back here in December when the whole thing starts all over again....Greeks immediately celebrate, pack the uzo and head for the beach.

Thu, 09/29/2011 - 06:30 | 1721221 Popo
Popo's picture

Watch oil priced in Euros.  It's going to crush them.

Thu, 09/29/2011 - 08:16 | 1721239 GetZeeGold
GetZeeGold's picture

  

All Greeks are cleared to head to the beach.....all Germans are cleared to head to the factory.......we're adding an hour to your workday.

Greeks love the beach....Germans love to work. Everyone's happy.

 

Thu, 09/29/2011 - 08:29 | 1721477 Thomas
Thomas's picture

"Poor people form a rich country giving money to rich people from a poor country." Alternatively, bankers raping and pillaging. They shoot horse thieves don't they?

Thu, 09/29/2011 - 08:04 | 1721406 Weisbrot
Weisbrot's picture

 

 

 

about 500 billion euro debt expansion europe wide - not just Germany - debt spread out, semi shared by all european nations ALREADY PRICED IN

 

one heck of a slippery slope though

 

 

Thu, 09/29/2011 - 08:04 | 1721408 covert
covert's picture

interesting............ there is hidden danger here

http://expose2.wordpress.com

 

Thu, 09/29/2011 - 06:22 | 1721201 sushi
sushi's picture

Man, ZH is fast with the news! 

Thu, 09/29/2011 - 06:22 | 1721202 Gandalf6900
Gandalf6900's picture

whats new people...need imput

Thu, 09/29/2011 - 06:24 | 1721205 swissaustrian
swissaustrian's picture

Big surprise, not!

All this unfounded fear mongering about a German NO was nonsense. Merkel even got enough votes from her ruling coalition.

Thu, 09/29/2011 - 06:27 | 1721214 sabra1
sabra1's picture

if you were threatened with suicide, your family included, what would you do?

Thu, 09/29/2011 - 06:31 | 1721223 traderjoe
traderjoe's picture

Huh?

Thu, 09/29/2011 - 09:53 | 1721762 LeBalance
LeBalance's picture

MAD card.

Thu, 09/29/2011 - 06:33 | 1721228 swissaustrian
swissaustrian's picture

Sure. But I remember some sensationalistic articles here at ZH that speculated about a German NO followed by a coalition breakup. Such "news" really hurts ZHs credibility... 

Thu, 09/29/2011 - 06:46 | 1721253 Peter Pan
Peter Pan's picture

Agreed unless the opposition of voters to these extensions are also false or do not mean anything to their parliamentary representatives.

Thu, 09/29/2011 - 07:06 | 1721287 AnAnonymous
AnAnonymous's picture

Such "news" really hurts ZHs credibility...

///////////////////////////////////////////////////////////////////////////:

Made me laugh. US citizens never stop.

On the contrary, it once again validated their credibility as a good provider of US cheap propaganda.

It is a for profit blog and there is a market for selling the possibility that a no would have emerged.

Your denial is a bit big to swallow: checking the vote, 500 + for, less than 100 against.

When one is able to capture an audience by claiming that a no vote is possible on such ground, high credibility.

Now, indeed, US citizens have a taste for cheap propaganda but still it is a remarkable deed.

Thu, 09/29/2011 - 07:08 | 1721295 swissaustrian
swissaustrian's picture

I´m from Switzerland and I knew it would pass.

But I agree, the US posters here at ZH have no clue about Europe. 

Thu, 09/29/2011 - 07:21 | 1721327 Catullus
Catullus's picture

Very true. US posters know nothing about Europe. And neither do Europeans.

Thu, 09/29/2011 - 11:45 | 1722091 Ahmeexnal
Ahmeexnal's picture

Some of us knew it would pass. It's no coincidence that the vote was made right smack in the middle of Oktoberfest.
And if needed, Oktoberfest festivities will be extended yearlong so as to prevent the sheeple from revolting.

The results of the vote were exactly as predicted. Why? Because this is not about "bailouts". This is about neo-colonization by rich imperialist countries. No wars this time, just clean debt. Until someone wakes up. Then it'll get ugly. Really fucking ugly.

Thu, 09/29/2011 - 11:59 | 1722140 Dingleberry
Dingleberry's picture

I'm an American. I went to public school, so I'm not that bright.  But let's see if I understand Europe: endless war interrupted by (relatively brief) periods of peace, along with the occasional bouts of genocide. The peace currently enforced by your local neighborhood superpower, the good ol' USA, after having to bail them out not once but twice in less than a century when shit hit the fan.  Of course, europeans hate the USA, except when the Germans get out of hand.  Looks like a 4th reich is coming yet again, as Europe is now basically Germany plus a dozen or so poodles, yorkies and chihuahuas masquerading as nations.  Do I have a good understanding???   

Thu, 09/29/2011 - 12:03 | 1722173 AnAnonymous
AnAnonymous's picture

Germans, US citizens, French and English, for the most of them are german.

Thu, 09/29/2011 - 07:43 | 1721360 jm
jm's picture

Speak up about this pre-vote next time.

So easy to take a piss...

Thu, 09/29/2011 - 08:02 | 1721400 JOYFUL
JOYFUL's picture

Well I'm Archie Bell from Houston TEXAS...n lemme be the one who suggests that you all  "Tighten Up"  my baguette eatin brothers....cause this Eurotrash 'poseur' crap just doesn't cut it here - we be an International COMMUNITY of folks what care enough to pass opinions about stuff -you can't dance to the floor vibe - there's the door-you free to leave

...an take your accordion with you!

Thu, 09/29/2011 - 09:00 | 1721591 mirac
mirac's picture

"...an take your accordion with you!"

cracked me up!

Thu, 09/29/2011 - 09:27 | 1721680 NotApplicable
NotApplicable's picture

Sounds like my teenage daughter, "You don't understand me at all!"

Meanwhile, I knew something would pass as soon as Obummer gave Merkel a prize. Everything since, is merely political theater.

Thu, 09/29/2011 - 10:04 | 1721787 edotabin
edotabin's picture

What is there to have a clue about?  You make Europe sound like it needs some kind of special perspective.

The PTB have decided this will become one, contiguous trading bloc.  No amount of screaming, bitching, whining or truth will ever change that.

The end.

Thu, 09/29/2011 - 07:27 | 1721334 ISEEIT
ISEEIT's picture

The possibility of merkel failing to achieve coalition backing was real. Everyone understood that the legislation would pass. So what? All this does is buy a bit of time. The upper house will sign-off on this crap as well, again, just buying time. In the end it will not matter. The pain will come.

http://globaleconomicanalysis.blogspot.com/2011/09/growing-isolation-in-...

Thu, 09/29/2011 - 08:06 | 1721413 AnAnonymous
AnAnonymous's picture

The possibility of merkel failing to achieve coalition backing was real.

//////////////////////////////////////////////////////////////////////////

Yes and?

You did not read what I wrote.

I wrote about selling the possibility.

A no vote is always a possibility. Now the possibility sells better when it looks very likely.

All the credit to this site to have managed to sell a possible but very unlikely outcoume.

With in mind that US citizens demand for this kind of shit... But at least, there was some market investigation job done.

Thu, 09/29/2011 - 13:14 | 1722493 faustian bargain
faustian bargain's picture

If all anyone did was report on the probable, and not the merely possible, then the world would be covered in black swans.

I'm not sure what your problem is with this site. If you think you can make it better, stop being a snarky jerk and try to improve things. If you're just here to fluff up your puny ego by trying to insult your projected image of 'Americans', I suggest getting some therapy.

Thu, 09/29/2011 - 11:53 | 1722119 gwar5
gwar5's picture

Speaking of propaganda, how's that whole European Union and Euro thing working out for you just 4200 days later?

 

 

Thu, 09/29/2011 - 09:07 | 1721613 Vergeltung
Vergeltung's picture

my understanding was a 75% DISAPPROVAL of this amongst the German Volk. So, perhaps the sentiment of a NO vote was based upon that.

 

Thu, 09/29/2011 - 07:00 | 1721278 AnAnonymous
AnAnonymous's picture

Big surprise, not!

All this unfounded fear mongering about a German NO was nonsense. Merkel even got enough votes from her ruling coalition.

//////////////////////////////////////////////////////////////////////

It was no surprise. As it is no surprise US citizens demand for propaganda denying the most obvious to come exists.

There is a market for selling that the vote would have given a "no"

Thu, 09/29/2011 - 13:17 | 1722510 faustian bargain
faustian bargain's picture

'unfounded', not.

'fear mongering', not.

what is there to fear about economic accountability and responsibility? Indeed, the 'fear' factor is greater now than it was before. The threat of a continuation of Ponzi schemes is the real nightmare here.

Thu, 09/29/2011 - 06:25 | 1721206 GoldbugVariation
GoldbugVariation's picture

Ouzo.  Not uzo.

Thu, 09/29/2011 - 06:36 | 1721235 papaswamp
papaswamp's picture

My bad...not through my first cup of coffee...my 1 remaining brain cell isn't up yet.

Thu, 09/29/2011 - 07:08 | 1721292 JOYFUL
JOYFUL's picture

Actually, it's not doin half bad: they're heading to the beaches with Uzis to welcome their new er, partners;  it's part of the goodies packet that came with the (not so anymore) secret defense pact  GPap signed with the Golem.

  Unlimited refills on armaments, (watch as Greece steps down from Nato committments) plus a huge horde of funny money (brought to you by way of the drug pipeline what all the goyboys been dying to protect since Gulf War1)

In return, the talmudists get unlimted access to Greek Island bases, open a second front on the Turks, and the much needed alternate flight path which will take the armaggeddom delivery of those big bunker busters OBomba handed over courtesy your tax $ to a place that rhymes with Barbara Ann(if you're twisted enuff!)

No, I think you doin pretty good...maybe put your hand to writing a screenplay sequel to 'On The Beach'  ...with your powers of prediction after that second coffee, who knows what cinema verite you could produce!

 

 

Thu, 09/29/2011 - 06:26 | 1721208 Peter K
Peter K's picture

And now what? Answer: Leverage baby:)  

New shooter, coming out..........

Thu, 09/29/2011 - 06:27 | 1721211 jmcadg
jmcadg's picture

This is yesterday's news. The key is the leveraging of these funds to €2T. If they pass that, then we're fucked.

Thu, 09/29/2011 - 07:00 | 1721276 KlausK
KlausK's picture

They don't need to "pass" that. They will just do it.

Thu, 09/29/2011 - 07:09 | 1721294 jdelano
jdelano's picture

Constitutionality? Referendum?

Thu, 09/29/2011 - 07:45 | 1721361 KlausK
KlausK's picture

They already announced that the law will be adjusted to fit. Don't forget: Those people make the laws, too.

Thu, 09/29/2011 - 08:04 | 1721405 jdelano
jdelano's picture

god you're an idiot.  no they didn't, and no they don't.  

Thu, 09/29/2011 - 12:57 | 1722410 Panafrican Funk...
Panafrican Funktron Robot's picture

"Constitutionality? Referendum?"

Who's the idiot?  What on earth is causing you to think either concept is relevent or really at play here?

Thu, 09/29/2011 - 07:07 | 1721290 jdelano
jdelano's picture

Exactly--these article titles are very misleading. Evidently the tylers are sucking wind on their pms. This vote has fucking NOTHING to do with "euro TARP" these votes are nothing more than a formality to ratify the 200bil addition settled on in July. I used to come here to get away from the SPIN. Now same shit, different URL.

Thu, 09/29/2011 - 10:41 | 1721873 citta vritti
citta vritti's picture

it's lke Robin Williams in Good Morning, Vietnam -- rip something off the teletype and throw it out there as click porn, diddit, da, ditda, dit (whatever). Sadly, I'm all too ready to click and have the Tylers do my thinking for me. Then the rest of you guys come along and tell me to think for myself. Lots of links to the side to provide other perspectives, and wham, the markets have moved. So much easier when QE2 was going strong. Hmmm, maybe it's going to come around again - Fred Bergsten in NYT saying cheap dolla will help create jobs. God help us, because we can't do it ourselves. 

Thu, 09/29/2011 - 06:27 | 1721212 TradingJoe
TradingJoe's picture

Bundestag, the lower House, voted, now Bundesrat, the upper House, will vote tomorrow, has to "confirm" the vote, that's where Angie is going to run into major trouble!
Besides, 400x Billion ain't enough anyways, so this political theatre ain't over either!
Me stay short and short some more, buy more Physicals and all them other much needed items for "protection":)))!!!

Thu, 09/29/2011 - 06:38 | 1721236 papaswamp
papaswamp's picture

Might get pinched today as the markets will go nutty since more debt is good mentality rules. When this bill comes due there are going to be some serious crying.

Thu, 09/29/2011 - 06:28 | 1721215 Racer
Racer's picture

523 traitors

Thu, 09/29/2011 - 07:49 | 1721366 Don Diego
Don Diego's picture

the politicians that voted "no" are traitors as well, TPTB have asked them to play the good guys so that they will have established their good credentials toward the people, so that they can continue screw the people.

Thu, 09/29/2011 - 08:06 | 1721415 Smiddywesson
Smiddywesson's picture

Absolutely great observation DonD.  Yes, TPTB will ALWAYS have their minions on both sides of each and every controversial issue so that they always have a useful pawn to push forward no matter the result. 

Thu, 09/29/2011 - 06:28 | 1721216 The Axe
The Axe's picture

I am going to the gym, I can't watch my bloomberg terminal another day   I getting motion sickness

Thu, 09/29/2011 - 06:28 | 1721217 ZeroPower
ZeroPower's picture

Really dull across asset classes for this vote. Credit off tights as well today...

WEre left with Austrian vote tomorrow - also expected to pass.

Thu, 09/29/2011 - 06:28 | 1721218 TK7936
TK7936's picture

*cry*

Thu, 09/29/2011 - 06:30 | 1721220 ZDRuX
ZDRuX's picture

Can someone explain how this affects U.S. stocks and the general stock market outlook? I suppose they're rally since this is considered "good news" by the general populace? Am I even close?

 

Sorry, still getting the hang of this whole economy stuff.

Thu, 09/29/2011 - 06:33 | 1721230 Jayda1850
Jayda1850's picture

stocks will rally on another dose of hopium, kick the can for another couple weeks.

Thu, 09/29/2011 - 06:38 | 1721237 fishface
fishface's picture

rally for weeks on this? cmon, your lucky if it holds the day

Thu, 09/29/2011 - 06:41 | 1721244 Jayda1850
Jayda1850's picture

agreed, will only last until the next article out of the FT or Der Spiegel cast doubt on european unity. Merely stating this doesnt solve any of the problems, just buys a couple weeks or maybe even days until the next crisis of confidence.

Thu, 09/29/2011 - 07:11 | 1721302 jdelano
jdelano's picture

Hahaha you guys really don't get this yet? Rally is the expected and logical result, therefore, market will crash a good 200

Thu, 09/29/2011 - 08:11 | 1721422 Smiddywesson
Smiddywesson's picture

I too have noticed the reverse logic rule.  It's gone well beyond the observation that the market rallies on bad news.  Reverse logic, where the market goes up when it should crash, and down when it should rally, esp in PMs, is now almost a given.  But inasmuch as it is NOT a market, but a manufactured abomination being forced to trade within a range, we should not be surprised.

Thu, 09/29/2011 - 10:09 | 1721793 pods
pods's picture

Opposite George comes to mind.

pods

Thu, 09/29/2011 - 07:07 | 1721289 papaswamp
papaswamp's picture

may hold off until tomorrow unless GDP today is a surprise up. Upper German house still has to vote...though I suspect it will get through there too unless the German people take to the streets suddenly (doubt it). 

Thu, 09/29/2011 - 06:31 | 1721222 Jayda1850
Jayda1850's picture

Just like our politicians. Chest thumping populist rhetoric, but when it comes down to it, the TBTF show they have them all by the balls. There is no hope for ordinary citizens any more, any idea to the contrary is an absolute joke. When will the people finally stand up and say enough is enough?

Thu, 09/29/2011 - 06:31 | 1721224 Gandalf6900
Gandalf6900's picture

so all this bloody ruckus about Liesman lying was quite fascinating, but the reality is he was actually Trueman cause the darn vote passed

Thu, 09/29/2011 - 07:13 | 1721308 jdelano
jdelano's picture

You're seriously clueless and the sad thing is there are a lot of you. This vote has not a goddamn thing to do with Liesman's "tarp" rumor/plan.

Thu, 09/29/2011 - 07:26 | 1721332 Catullus
Catullus's picture

They didn't pass the Liesman rumor of double-levered half-Nelson euro TARP. Liesman credibility is still squarely in the self-serving political hack mouthpiece category.

Thu, 09/29/2011 - 09:55 | 1721767 rufusbird
rufusbird's picture

It looks like IQ averages dropped about twenty points overnight....

Thu, 09/29/2011 - 10:45 | 1721889 citta vritti
citta vritti's picture

was the Obaminator speechifying about jobs again - those shot per pass this bill mentions are getting too much perhaps

Thu, 09/29/2011 - 06:32 | 1721225 yabs
yabs's picture

I havbe lost track which expansion is this?
from how much to how much?

Thu, 09/29/2011 - 06:32 | 1721226 Reptil
Reptil's picture

Ok, we're fucked.

Thu, 09/29/2011 - 06:34 | 1721231 LongSoupLine
LongSoupLine's picture

Cue up image of Hank Paulson wearing lederhosen, chugging large stein of Oktoberfest bier and studdering off German drinking songs...

Europe's screwed.

Thu, 09/29/2011 - 06:34 | 1721232 AngryGerman
AngryGerman's picture

tripple leverage bail-out fund money coming!! more casino money, more fun

Thu, 09/29/2011 - 06:40 | 1721240 The Swedish Chef
The Swedish Chef's picture

Closed shorts, went long, making money.

Thu, 09/29/2011 - 06:45 | 1721251 BlackholeDivestment
BlackholeDivestment's picture

Chef!!! ...nobody is making money, they are making a killing. Lol. http://www.youtube.com/watch?v=Wm17jKf5G9A

Thu, 09/29/2011 - 06:40 | 1721241 BlackholeDivestment
Thu, 09/29/2011 - 06:40 | 1721242 DCon
DCon's picture

An idiot in Brussels. Could it be true??

 

http://www.huffingtonpost.co.uk/2011/09/28/peter-oborne-idiot-newsnight_...

 

 

Thu, 09/29/2011 - 06:42 | 1721245 Peter Pan
Peter Pan's picture

So will the expansion fo the EFSF take care of ongoing national deficits and sliding economic growth?

Thu, 09/29/2011 - 06:43 | 1721247 The Swedish Chef
The Swedish Chef's picture

No, it will enrich the banks, wich is it´s pupose. What world do you live in?

Thu, 09/29/2011 - 06:50 | 1721258 Peter Pan
Peter Pan's picture

My question was rhetorical to point out the uselessness of the EFSF expansion. Your "thumbnail image" though is a good indication of where most of the politicians get their ideas from.

Thu, 09/29/2011 - 06:56 | 1721269 The Swedish Chef
The Swedish Chef's picture

It´s more along the lines of what I wish for them: a hard fisting. Couldn´t get myself to have anal fisting thumbnail though...

Thu, 09/29/2011 - 10:47 | 1721894 citta vritti
citta vritti's picture

geez, and I thought it was more parliamentary sausage

Thu, 09/29/2011 - 06:43 | 1721246 Esso
Esso's picture

I thought some German judge dude said this was unconstitutional?

Is Germany's Constitution "just a goddamned piece of paper" like ours?

Thu, 09/29/2011 - 06:46 | 1721252 The Swedish Chef
The Swedish Chef's picture

Laws and constitutions, do you see anyone caring?

Thu, 09/29/2011 - 07:28 | 1721335 jdelano
jdelano's picture

Listen--please read a little more. This vote is not about the tarp plan. This is about putting a little more water in the fire bucket. If there's anythin left after Greece is bailed out this time, that money could be "levered ten times" but it would take a German referendum and and alterations to the constitution to do it.

Thu, 09/29/2011 - 06:44 | 1721249 doomz78
doomz78's picture

this news good for the dow jones to be up 1.5%.  Gold and silver and oil will also have a slight rally.  The European Hentai show continues.  Everybody's getting banged these days.

Thu, 09/29/2011 - 06:48 | 1721255 yabs
yabs's picture

yes all ok greece ios not bankrupt anymore, the us consumer has recovered and China doesn't have a bubble thats exploding

rally on

Thu, 09/29/2011 - 06:48 | 1721256 KlausK
KlausK's picture

Mein armes Deutschland.

Thu, 09/29/2011 - 06:50 | 1721257 Dick Darlington
Dick Darlington's picture

Another suicide pill swallowed by Germany. Sad but true.

Here's the coalition breakdown:

*MERKEL WON 315 COALITION VOTES FOR EFSF; 10 CDU, 3 FDP OPPOSED

Thu, 09/29/2011 - 07:29 | 1721336 jdelano
jdelano's picture

You're numbers are wrong. It was 85 opposed, 3 abstained

Thu, 09/29/2011 - 06:58 | 1721275 Mr_Wonderful
Mr_Wonderful's picture

This has been thoroughly priced in already and then some so it´s probably sell on news.

Thu, 09/29/2011 - 07:34 | 1721343 Sambo
Sambo's picture

DAX, CAC, FTSE are going down now.....

Thu, 09/29/2011 - 07:09 | 1721296 Nussi34
Nussi34's picture

I will never again vote for any of the parties that have voted yes today: CDU/CSU/FDP/SPD/Green. Anything is better than getting bend over by the lazy ClubMed forever. We need a revolution here.

Thu, 09/29/2011 - 07:13 | 1721310 sudzee
sudzee's picture

And Weimar 2 begins.

Thu, 09/29/2011 - 07:47 | 1721329 virgilcaine
virgilcaine's picture

OK back to bed now NY Raining torrents.  zzz  notice the pm,s are leading again.

Thu, 09/29/2011 - 07:41 | 1721355 YHC-FTSE
YHC-FTSE's picture

A bit surprised by the huge margin of the win vote. I guess AIG and BAC can breathe a sigh of relief for a few more weeks on those credit defaults on Greece, and we can all look forward to higher taxes and inflation in Northern Europe whilst the ouzo swilling hairy monkeys down in Greece receive their pensions and benefits after working at a local taverna for a couple of hours.

The Germans were all probably thinking that the alternative is a pan-European bank run followed shortly by riots seen lately in London. That was possible, so I can hardly criticise their fears, but now when this bailout is implemented, we're in an infinitely worse place as a whole. Coming next: Single European bond market, fiscal union, and a bunch of very rich banker-politicians pumping up the superyacht market. 

Thu, 09/29/2011 - 07:49 | 1721367 yabs
yabs's picture

what a traitor Merkel Is

Thu, 09/29/2011 - 07:49 | 1721369 yabs
yabs's picture

what a traitor Merkel Is

Thu, 09/29/2011 - 07:55 | 1721386 dcb
dcb's picture

i just looked at futures, up, and euro up. But since the thing needs to be passed by something like 17 parlimants I don't see what the big deal is. Plus only in a small country is there any chance of a vote against this thing. never in an establsiment country like germany

Thu, 09/29/2011 - 08:15 | 1721436 j0nx
j0nx's picture

When are people going to realize that the rulers will do whatever they want whenever they want. Of course this passed just like TARP passed, even if the people were 99% against it passing. The people have an option available to them if they don't like their government and think it doesn't serve them any longer. The people are unwilling to take that option so the game continues and it will keep on continuing until the people demand no more thievery. I don't ever see that happening though particularly not in Germany with their history. This is why I kinda chuckle inside when I see people talk about arrests and convictions and elections. Give me a break...

Thu, 09/29/2011 - 08:38 | 1721501 NEOSERF
NEOSERF's picture

What this vote tells me is that as Germany and France have been saying, they will now do:  Under no circumstances will they let Greece default...they will continue to hand over bags of cash and do as we did in the US, hope that "growth" magically springs up out of brutal austerity and misappropriated (to Greece) investment in a bankrupt nation...they clearly believe that the alternative will take down all their banks, which it very well might.  This kick the can is clearly going to take another year or two until the belt tightening and lack of growth get people in the streets in Germany and France...

Thu, 09/29/2011 - 10:21 | 1721823 edotabin
edotabin's picture

I am convinced the Greek riots were the most violent we will see in Europe. What did they accomplish?  Squat!

I know the Greeks will continue to offer the most resistance to full unification.  This resistance has its roots not in disliking the unification but in the absolutely necessary drop in living standards it will bring.  You should have seen the Greeks when the Euro was introduced.  You would have thought they were the ones that invented it and were backing it. Glowing smiles all around. 

Lucky for all of us, Greece is a small enough country that the ECB can "bribe" them to shut up once the bigger picture is complete. "Throw and extra billion or two down there to keep the natives quiet" type thing.

 

Thu, 09/29/2011 - 09:00 | 1721592 yabs
yabs's picture

Jonx

what deomocarcy

it will be the4 same whoevber they vote

what we need are referendums in issues like this 75 percent of the people she repsrsenst do not want it yet she chose the undemocratic vote

Thu, 09/29/2011 - 09:02 | 1721595 stiler
stiler's picture

XLV. DISCOURSE CONCERNING THE MACHINE

Infinity nothingness. Our soul is thrust into the body, where it finds number, time, dimension. It ponders them and calls them nature, necessity, and can believe nothing else.

Pascal, Pensees

 

http://en.wikipedia.org/wiki/Blaise_Pascal

Thu, 09/29/2011 - 09:23 | 1721651 Azannoth
Azannoth's picture

It's not news that politicians are sell-outs but 523 to 85, they're not even trying to fool any1 anymore they just spit in your (taxpaying) face, kick you in the nuts and laugh about it

because they know you can't/won't do anything about it

Thu, 09/29/2011 - 09:16 | 1721653 Tsar Pointless
Tsar Pointless's picture

From the article:

"And now, a special committee will be established in the Bundestag to ensure parliamentary involvement even in hurried EFSF resolutions."

Is that like our "Super Congress" here in the Fascist States of Amerikkka?

Tell me again - who really won World War II?

Hint: The winner wasn't a nation.

Thu, 09/29/2011 - 09:21 | 1721668 Tsar Pointless
Tsar Pointless's picture

For more hints: http://en.wikipedia.org/wiki/Antony_C._Sutton - Wall Street and the Bolshevik Revolution, Wall Street and the Rise of Hitler and Wall Street and FDR

Thu, 09/29/2011 - 09:29 | 1721696 LookingWithAmazement
LookingWithAmazement's picture

Told you sooooooooo.

Thu, 09/29/2011 - 09:40 | 1721726 Pool Shark
Pool Shark's picture

 

 

"They had the choice between default and dishonor - they chose dishonor; they will get default later."

Do NOT follow this link or you will be banned from the site!