Merkel Says No European Shared Liability As Long As She Lives

Tyler Durden's picture




 

For. The. Win.

  • GERMANY'S MERKEL SAYS EUROPE WILL NOT HAVE SHARED LIABILITY FOR DEBT AS LONG AS SHE LIVES

Socialism better have a Plan B.

Gold, Silver, Stocks, Treasury Yields, and EUR all plunging...

 

and in the meantime, Spain and Italy yields push higher and Spain and Italy bank stocks plunge further...

Why is Merkel doing all of this? Simply. We have said it n times before... We will say it again:

Germany will continue pushing every peripheral country closer to the brink (which helps Germany courtesy of increasing pressure on the EURUSD, which benefits the only real net exporter and mercantilism beneficiary in the Eurozone - Germany - by now only absolute economic dilettantes don't seem to understand this) until such time as PIIGS (and then all the other formerly core - here's looking at you socialist "fairness doctrine" entrants) come begging for any scrap that whoever is in charge of Germany will be willing to hand them, in the form of a Debtor In Possession loan of course, and thus accretive to Bunds. If that means presenting their gold to the German Cash4Gold pawn shop under the guise of a Redemption Fund or whatever it is called, so be it. Unless of course, everyone keeps demanding that Germany bail them out. In which case Merkel will just unpack that brand spanking new shipment of DEMs and be done with it.

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Tue, 06/26/2012 - 11:09 | 2561614 transaccountin
transaccountin's picture

health accident 3..2..1.

Tue, 06/26/2012 - 11:10 | 2561620 quintago
quintago's picture

Now I'd hit it. 

Tue, 06/26/2012 - 11:12 | 2561630 Biggvs
Biggvs's picture

Yep, against impossible odds, Merkel just got sexy.

Tue, 06/26/2012 - 11:13 | 2561643 malikai
malikai's picture

I wish she would have said this two years ago.

Tue, 06/26/2012 - 11:29 | 2561718 Popo
Popo's picture

Stay out of hot tubs Angela.

We'd hate to see you get heartattacked...

Tue, 06/26/2012 - 11:36 | 2561742 flacon
flacon's picture

EUR: "Mutter! Mutter! Share your milk!"

http://tinyurl.com/7rq5s7q


Tue, 06/26/2012 - 11:36 | 2561752 Arius
Arius's picture

does she mean as long as she is PM or whatever she is ...

or this way sounds more dramatic ... i guess if she is removed from power not much she can do about it EVEN if she still alive is there ???

just asking ...

Tue, 06/26/2012 - 11:38 | 2561764 PhilB
PhilB's picture

She didnt say it!! This is just another crap rumor folks!. Be smart.

Tue, 06/26/2012 - 11:43 | 2561776 Rainman
Rainman's picture

Obeyme, temporary leader of the free world, commanded her to get with the program. How dare she defy His Gloriousness ?

Tue, 06/26/2012 - 11:51 | 2561823 PhilB
PhilB's picture

According to the irresponsible CNBC:

Germany's Angela Merkel was quoted as telling a meeting of one of the parties in her coalition on Tuesday that Europe would not have shared total debt liability "as long as I live".

The chancellor said there would be no shared liability of debt in Germany either - after her government agreed plans with federal states to issue joint "Deutschland bonds" - in comments reported by participants in a meeting with the Free Democrats (FDP), junior partners in her centre-right coalition.

Is that some crap reporting or what?! These people should be sued.

Tue, 06/26/2012 - 14:30 | 2562364 macholatte
Tue, 06/26/2012 - 11:14 | 2561648 bigwavedave
bigwavedave's picture

In a Maggie Thatcher kinda way....

Tue, 06/26/2012 - 11:17 | 2561655 Comay Mierda
Comay Mierda's picture

nah just a front. she has wet dreams of euro bonds, centralized treasury, and stripping EU nations of their sovereignty.  just trying to get popularity points now until the SHTF then she will change her mind and say she had no choice but to agree to euro bonds.  c'mon ppl, this is how lying politicians play the game!

Tue, 06/26/2012 - 11:59 | 2561863 YuropeanImbecille
YuropeanImbecille's picture

Sadly you are probably right... fucking evil bastards!

Tue, 06/26/2012 - 14:23 | 2562346 Curtis LeMay
Curtis LeMay's picture

Not this time.

She'd be dangling from piano wire on the Ku'damm if she gave into "debt pooling"...

And rightfully so.

Tue, 06/26/2012 - 11:17 | 2561664 Crisismode
Crisismode's picture

Does Plan B involve any kind of contract on someone in particular?

Tue, 06/26/2012 - 11:47 | 2561806 PhilB
PhilB's picture

This is europe, we have gone past plan B ages ago. We are now on Plan 9 (or Nein!)....from Outer Space of course.

Tue, 06/26/2012 - 11:20 | 2561683 bigkahuna
bigkahuna's picture

yesssssssss...indeed

Tue, 06/26/2012 - 11:22 | 2561688 rbg81
rbg81's picture

I bet she'd change her mind if Hollande would lower France's retirement age to 55 or so. [/s]

Tue, 06/26/2012 - 11:22 | 2561689 disabledvet
disabledvet's picture

"her logic is sound" indeed. "must have had a Secret Santa."

Tue, 06/26/2012 - 11:30 | 2561729 The Big Ching-aso
The Big Ching-aso's picture

 

 

Whew.  4 awhile there I was beginning 2 think she was developing a Merkyll & Hide personality.

Tue, 06/26/2012 - 11:57 | 2561851 YuropeanImbecille
YuropeanImbecille's picture

Jesus Christ! She will get JFK´ed by the zionist-satanists !

 

 

Tue, 06/26/2012 - 12:09 | 2561921 Stoploss
Stoploss's picture

Did she have a stroke??

Tue, 06/26/2012 - 11:14 | 2561647 SHEEPFUKKER
SHEEPFUKKER's picture

Last I checked, Germany sells debt.... I believe they are called Bunds. /sarc

The old bag likes her own debt, just not other people's. 

Tue, 06/26/2012 - 11:24 | 2561701 disabledvet
disabledvet's picture

And you must be debt free of course.

Tue, 06/26/2012 - 12:33 | 2562022 Matt
Matt's picture

Think about this if it were people. Your neighbour is telling you "I can't afford my mortgage, I'm going to let the bank foreclose and drag down the value of all the houses on the block, putting you underwater, if you don't co-sign a loan with me". Would you do it?

Tue, 06/26/2012 - 11:25 | 2561703 brooklynlou
brooklynlou's picture

Bingo. Why stop squeezing when they're still some assets to strip. Merkel won't relelnt till the last Spiderman towel is safely hid away in a German bank vault.

4th Reich baby! All your bases belong to us!

Tue, 06/26/2012 - 15:48 | 2562113 The Big Ching-aso
The Big Ching-aso's picture

 

 

Give Angie credit 4 having balls, boobs, & bravado.  She's Germany's Churchill in drag.

Tue, 06/26/2012 - 12:08 | 2561914 eatthebanksters
eatthebanksters's picture

Put some lipstick on it and get some strong perfume to cover the smell of pork...

Tue, 06/26/2012 - 11:29 | 2561714 deus x machina
deus x machina's picture

Angela, when you are working with GLOBAL PSYCHOPATHS  you don't want to give them any extra ideas!

Tue, 06/26/2012 - 11:42 | 2561777 Poetic injustice
Poetic injustice's picture

Is she trying to be European J.F.Kennedy?

Tue, 06/26/2012 - 11:57 | 2561853 rotagen
rotagen's picture

Its about time we finally got this global economic collapse thing going.  

I was getting bored waiting for the inevitable.

Tue, 06/26/2012 - 11:10 | 2561615 Newsboy
Newsboy's picture

Tough Love.

Tue, 06/26/2012 - 11:14 | 2561657 FL_Conservative
FL_Conservative's picture

That's no "turd" in the punchbowl, its full-fledged diarrhea.

Tue, 06/26/2012 - 11:10 | 2561616 Conman
Conman's picture

Solution - assasination?

Tue, 06/26/2012 - 11:10 | 2561617 Stuart
Stuart's picture

Hope Merkels takes trains instead of planes and helicopters.... just saying...

Tue, 06/26/2012 - 11:13 | 2561638 I Am Not a Copp...
I Am Not a Copper Top's picture

Right! Stay out of small planes Angela.  Seriously.

Tue, 06/26/2012 - 12:20 | 2561973 Treason Season
Treason Season's picture
November 29th, 2009

Via: Guardian:

Russia was tonight coming to terms with its most deadly terrorist attack in years after investigators confirmed that a powerful improvised bomb caused Friday’s devastating train crash in which at least 26 people, including several top government officials, were killed.

Among the named dead so far were several senior Kremlin bureaucrats, including Boris Yevstratikov, the head of Russia’s Federal Reserve Agency, anTarasov, also died.

Tue, 06/26/2012 - 11:10 | 2561621 virgilcaine
virgilcaine's picture

That gal has a big pair..

Tue, 06/26/2012 - 11:13 | 2561640 Dr. Engali
Dr. Engali's picture

gal?

Tue, 06/26/2012 - 11:30 | 2561730 Tippoo Sultan
Tippoo Sultan's picture

That has to be a Banzai job.

Tue, 06/26/2012 - 11:39 | 2561765 Spastica Rex
Spastica Rex's picture

Udderly ridiculous.

Tue, 06/26/2012 - 12:23 | 2561984 MsCreant
MsCreant's picture

Those are real. Her statement, dunno, but the tits caused controversy a while back.

Tue, 06/26/2012 - 11:44 | 2561788 derek_vineyard
derek_vineyard's picture

fix her face first

Tue, 06/26/2012 - 13:13 | 2562143 Zymurguy
Zymurguy's picture

Butterface... I'll need two bags though, one for her and one for me in case her's falls off.

Tue, 06/26/2012 - 11:10 | 2561623 GolfHatesMe
GolfHatesMe's picture

She just moved up in a lot of dead pools

Tue, 06/26/2012 - 11:13 | 2561624 Dr. Engali
Dr. Engali's picture

Ouch...You better have somebody tasting your food Angela.

Tue, 06/26/2012 - 11:41 | 2561771 slaughterer
slaughterer's picture

Don't eat in Italian, Spanish, Irish, Portugese, Greek restaurants for the rest of your life.  

Tue, 06/26/2012 - 11:11 | 2561626 CaptainObvious
CaptainObvious's picture

Well, Merkel has certainly showed she has an excess of balls.  Will she at least share those with the testicle-deprived leaders of Europe?

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