Eurozone will collapse...

[Ignitionnet]

It's nearly as ridiculous as the so called 'Greek bailout', which giving it its proper name is the German and French banks' bailout. Greece are getting none of that money it's going straight into the hands of banks who greedily threw money at Greece by the billion without doing their due diligence.

http://www.nytimes.com/2012/05/12/wo...%2Findex.jsonp

With the seismic political upheaval of the elections in France and Greece barely past, Germany’s most important state is already entering the stretch run to its own electoral showdown on Sunday. The task falls to the state premier of North Rhine-Westphalia, Hannelore Kraft, whose skills at political compromise and pragmatic style are reminiscent in many ways of Ms. Merkel’s own.

What are her chances do you think?

[Sirius]

Originally Posted by Maggy J

http://www.nytimes.com/2012/05/12/wo...%2Findex.jsonp



What are her chances do you think?

None i hope.

I want to see the Euro zone go into meltdown so we can start with a fresh mandate based on the original plan of the European market, not this super state plan that the French and Germans envisage and are trying there best to force on everyone.

[Dai]

Originally Posted by Ignitionnet

It's nearly as ridiculous as the so called 'Greek bailout', which giving it its proper name is the German and French banks' bailout. Greece are getting none of that money it's going straight into the hands of banks who greedily threw money at Greece by the billion without doing their due diligence.

It certainly is an interesting situation. The banks throw money at a country known to be financially weak. They get most of the money back by devious ways and means and the EU gets the leverage to put their placemen into key positions. One might almost suspect the whole situation was engineered deliberately.

What next - the black helicopters?

[Sirius]

Originally Posted by Hugh

What next - the black helicopters?

If you say so

[Osem]

Originally Posted by DaiNasty

It certainly is an interesting situation. The banks throw money at a country known to be financially weak. They get most of the money back by devious ways and means and the EU gets the leverage to put their placemen into key positions. One might almost suspect the whole situation was engineered deliberately.

You're not implying that the Eurocrats and their pals seek power by hook or by crook are you??

[Dai]

Originally Posted by Hugh

What next - the black helicopters?

No. They're all busy smuggling opium from Afghanistan.

[Osem]

Europe central bankers have been openly expressing views on the possibility of Greece leaving the eurozone as its leaders struggle to form a government.

Germany's top banker said it was up to the Greeks to decide, but if they did not keep to their bailout commitments, they would receive no new aid.

http://www.bbc.co.uk/news/world-europe-18046280

Gloves coming off now.

Good, the sooner the better!

[Sirius]

Originally Posted by Chris

Good, the sooner the better!

I bet the Germans have a MASTER plan so we need not worry

[TheDaddy]

Originally Posted by Sirius

I bet the Germans have a MASTER plan so we need not worry

Let's hope someone has a plan because what's happened so far seems pretty clueless to me but then I guess that's could be what they want us to think

[nomadking]

How did the Germans get the Greeks to go on a spending spree, hide excessive government spending, not pay taxes and, pay certain groups(eg railway workers) excessive wages? How did they get the Irish and the Spanish to overdo building projects? That would be a good trick. Nobody forced them into borrowing too much.

[Ignitionnet]

Originally Posted by Osem

http://www.bbc.co.uk/news/world-europe-18046280

Gloves coming off now.

Love the way that they claim it's the Greeks receiving the aid when it's really the (mostly French and German) banks who lent money to Greece without doing their due diligence who are receiving this money.

This so called bailout isn't going to Greece it's going straight to their creditors, and the cynical *******s within the troika are trying to make out that they are somehow helping the Greeks out with this forced socialisation of bad private sector loans.

[nomadking]

The Greeks have already received the money in the form of the original loans. Why should they receive the money again? Everybody would like that sort of loan. Receive the loan money, fritter it away and then get more money on top of the original borrowing.