This page has been archived and commenting is disabled.
Has Juncker Gone Insane? Eurogroup Head Says German Debt Levels "Cause For Concern"
And so Europe bites the hand that feeds it:
- EU's Juncker says that German debt level is a cause for concern according to a German newspaper - RTRS
- EU's Juncker says Germany has higher debts than Spain but 'no-one wants to know about that' - RTRS
What could have possessed this pathetic bureaucrat to criticize the only strong country in Europe is beyond imagination: if this is how he hopes to get Germany nervous about its debt levels and agree to monetizing, he is about to get a pretty brutal lesson in what it means to serve Le Bic Mac at 3:15 am on Luxembourg Strasse. Needless to say the Euro is not happy. We anticipate an immediate retraction saying his words were taken out of context as this is noting short of all out war between the EU and Germany.
As for who is most screwed when adding up all the debt, not just government, here is why Juncker may want to keep his mouth shut.
Source: Of Two Minds
»
- 14147 reads
- Printer-friendly version
- Send to friend
- advertisements -
So you would treat the Social Security obligations as unfunded, and therefore as one of the oft referred to "off-balance-sheet" items.
In my book, that is a bigger "game".
Insaine is the new Normal.
Monti just said everything will be okay without politicians in his government. (Only squid)
Nice chatting with all you folks, this is going to get weird before it gets weird.
It's all coming unglued. Act out your plans now!
if juncker is insane then we need more insanity
From EC study on sustainable pension systems:
Group 1 (worst): Greece
Group 2: Germany
Group 3 (best): Italy
It's just setting the stage for ECB intervention.
Jesus somebody's nipples just got hard......this b war biyatchez!
Everything is going great. Squidmen in power. Counting off the 'nations' one by one.
Merkel and the German 'hard cases' are getting the leading edge of the rough-up. Just a gentle tickle so far, mind you...let them think they are calling the shots as long as they cough up the dough.
Le Bic Mac?
I thought it was a Royale with Cheese?
You're thinking of the Quarter Pounder with Cheese, what with the metric system and all...
lol @ Juncker. He has some balls.
i can't find anything anywhere! No newswire, nobody is reporting something about this interview, if it ever happened... on the site somebody mentioned, http://www.general-anzeiger-bonn.de , there is NO interview!
It is to appear tomorrow. Interesting that it is already international news.
Reuters:
http://www.reuters.com/article/2011/11/16/us-eurozone-germany-juncker-id...
Juncker says German debt cause for concernBERLIN | Wed Nov 16, 2011 11:48am EST
BERLIN (Reuters) - Eurogroup head Jean-Claude Juncker was quoted in a German newspaper on Wednesday saying that Germany's debt level is worrying and even higher than Spain's.
In an interview to appear in Thursday's General-Anzeiger newspaper in Bonn, Juncker also said it would be a disastrous scenario if Greece were to exit the euro zone.
"I consider the level of German debts to be a cause for concern," Juncker said.
"Germany has higher debts than Spain," he added. "The only thing is that here (in Germany) no one wants to know about that."
Juncker said Greece was on the right path. But if it were to leave the euro zone it would lead to a "disastrous scenario".
+10
thank u for the link!
Does ANYONE actually know how much debt there is in the world. I'm beginning to think that it's almost impossible to know. Sovereigns and Corporations just lie now, oh sorry, use alternative accounting models, which on occasion create little miscalculations. I want to see one big fat table with ALL debt on it, that would be fun. Does this exist?
Clearly here there is some shit going to spill from DAS HUN in the near future.
This is just stage two for EU integration. Now that the periphery is locked down by the IMF/EU gang, scare the people of the core into accepting more European integration. And so the Globalists march on.
Germany will never invade Europe again, militarily, at least. Christ, even their army is unionized. They are more likely to pick up their marbles and go home this time.
What is happening right now, is far more insidious than any war. It is total, it is abstract, there is no clearly visible enemy, and it is the most total and complete assault on rights, property and sovereignty to date. And the German people are also caught up in this. Did anyone ask them if they want to bail out the PIIGS? And all of a sudden just as some opposition to the whole operation materializes, somebody remembers Germany's debt? This is just too blatant.
it is a page straight out of prez0's "jawboning china" handbook
so, yes, the junkster is cwazy, too!
Juncker's only saying:
Print, print, print - it's also good for Germany!!
how can US govt debt be at 80%??? Statistics....as for private debt, as ALL the bank ledgers world wide are cooked, off balance sheet stuff and derivative balancing nothwithstanding, who can believe this hidden part of the iceberg...?
if you look abaove the 80% you will see another line of % figureZ
HOW THE FUCK DID MillionDollarCumSwallower get 32 FUCKING GREEN ARROWS.
He has his little crew of joo"s working for him today I see.
Am I in a bad fucking dream...???!!!
Who the fuck is giving MBD all the fucking green arrows...???!!!
He's the new Hamy
Take his trolling with a grain of salt (or the whole shaker) and have a laugh at the MSM message he is extolling.
Were his words seasonally adjusted? Syrely, out of context....not what I meant...you don't understand....I never said that....let me clarify....
...could not be reached for comment....
MDB is a funny guy. Lighten up everyone, it's sarcasm.
Serving up Le Big Mac at 3:15am is not what Herr Juncker ought to be worried about. Big Kahuna Burgers is more like it if the Euro crowd feels threatened....
http://www.youtube.com/watch?v=0Tgbf0Bwr7I&feature=related