Those bond holders driving up interest rates shoot shooting.
Every time I hear of those so called expert traders I thing of a flock of sheep running from pillar to post at the slightest upset causing mayhem where they go.
Seamus the EU sheepdog, where are you?
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Reply to: Italy may require a bailout, Berlusconi
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Previously on "Italy may require a bailout, Berlusconi"
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Originally posted by Mich the Tester View Postthe current system of financial markets won't survive.
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Originally posted by AtW View PostFree market is an academic concept that has no implementation in real world - you can't threaten something that does not exist.
HTH
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Originally posted by sasguru View PostIts no solution at all for the PIIGS to stay in the Euro which is being run for the benefit of Germany.
HTH
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Originally posted by sasguru View PostFFS European leadership is poor. Someone needs to grasp the situation by the scruff of the neck because it ain't going away. Its no solution at all for the PIIGS to stay in the Euro which is being run for the benefit of Germany.
So let them revert back to their original currencies, keep the "Euro "for Germany, the Netherlands and maybe France (which is the long run will have to comee out too as it can't keep up with Germany).
Hang on let's rename the Euro, the Mark.
Come to think of it why not go back to back to the pre-Euro when everything worked fine and each country could make its own policy while trading away merrily.
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FFS European leadership is poor. Someone needs to grasp the situation by the scruff of the neck because it ain't going away. Its no solution at all for the PIIGS to stay in the Euro which is being run for the benefit of Germany.
So let them revert back to their original currencies, keep the "Euro "for Germany, the Netherlands and maybe France (which is the long run will have to comee out too as it can't keep up with Germany).
Hang on let's rename the Euro, the Mark.
Come to think of it why not go back to back to the pre-Euro when everything worked fine and each country could make its own policy while trading away merrily.
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You can always spot when Berlusconi is lying. His lips are moving.
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Originally posted by administrator View PostBeeb reporting it now:
BBC News - Silvio Berlusconi says Italy banks 'solid and solvent'
I'll take that to mean they are fscked then.
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Beeb reporting it now:
BBC News - Silvio Berlusconi says Italy banks 'solid and solvent'
Italian Prime Minister Silvio Berlusconi has said the country will not be drawn into the debt crisis engulfing Europe.
Addressing Parliament on Wednesday, he said Italy's banks are "solid and solvent" and the economy was "solid".
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Italy may require a bailout, Berlusconi
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