Six Weeks To Save The Euro

[TimberWolf]

I might buy some tins of beans.

[hyperD]

New currency: baked beans, bottled water, Avtomat Kalashnikova 47.

[Paddy]

Is the dollar better than the Euro?

2011 list of failed banks

2011 list of failed banks
Failed bank Date closed Estimated 
cost to DIF ($millions) 
First National Bank of Florida, Milton, FL 9/09/2011 46.9 
CreekSide Bank, Woodstock, GA 9/02/2011 27.3 
Patriot Bank of Georgia, Cumming, GA 9/02/2011 44.4 
Public Savings Bank, Huntingdon Valley, PA 8/18/2011 11.0 
Lydian Private Bank, Palm Beach, FL 8/19/2011 293.2 
First Choice Bank, Geneva, IL 8/19/2011 31.0 
First Southern National Bank, Statesboro, GA 8/19/2011 39.6 
The First National Bank of Olathe, Olathe, KS 8/12/2011 116.6 
Bank of Shorewood, Shorewood, IL 8/5/2011 25.6 
Bank of Whitman, Colfax, WA 8/5/2011 134.8 
Integra Bank, Evansville, IN 7/29/2011 170.7 
BankMeridian, Columbia, SC 7/29/2011 65.4 
Virginia Business Bank, Richmond, VA 7/22/2011 17.3 
Southshore Community Bank, Apollo Beach, FL 7/22/2011 8.3 
Landmark Bank of Florida, Sarasota, FL 7/22/2011 34.4 
Bank of Choice, Greeley, CO 7/22/2011 213.6 
High Trust Bank, Stockbridge, GA 7/15/2011 66.0 
One Georgia Bank, Atlanta, GA 7/15/2011 44.4 
First Peoples Bank, Port St. Lucie, FL 7/15/2011 7.4 
Summit Bank, Prescott, AZ 7/15/2011 11.3 
Signature Bank, Windsor, CO 7/8/2011 22.3 
Colorado Capital Bank, Castle Rock, CO 7/8/2011 283.8 
First Chicago Bank and Trust, Chicago, IL 7/8/2011 284.3 
Mountain Heritage Bank, Clayton, GA 6/24/2011 41.1 
First Commercial Bank of Tampa Bay, Tampa, FL 6/17/2011 28.5 
McIntosh State Bank, Jackson, GA 6/17/2011 80.0 
Atlantic Bank and Trust, Charleston, SC 6/3/2011 36.4 
First Heritage Bank, Snohomish, WA 5/27/2011 34.9 
First Georgia Banking Company, Franklin, GA 5/20/2011 156.5 
Summit Bank, Burlington, WA 5/20/2011 15.7 
Atlantic Southern Bank, Macon, GA 5/20/2011 273.5 
Coastal Bank, Cocoa Beach, FL 5/6/2011 13.4 
Community Central Bank, Mount Clemens, MI 4/29/2011 183.2 
The Park Avenue Bank, Valdosta, GA 4/29/2011 306.1 
Cortez Community Bank, Brooksville, FL 4/29/2011 18.6 
First National Bank of Central Florida, Winter Park, FL 4/29/2011 42.9 
First Choice Community Bank, Dallas, GA 4/29/2011 92.4 
Heritage Banking Group, Carthage, MS 4/15/2011 49.1 
Rosemount National Bank, Rosemount, MN 4/15/2011 3.6 
Nexity Bank, Birmingham, AL 4/15/2011 175.4 
New Horizons Bank, East Elljay, GA 4/15/2011 30.9 
Bartow County Bank, Cartersville, GA 4/15/2011 69.5 
Superior Bank, Birmingham, AL 4/15/2011 259.6 
Western Springs National Bank and Trust, Western Springs, IL 4/8/2011 31.0 
Nevada Commerce Bank, Las Vegas, NV 4/8/2011 31.9 
The Bank of Commerce, Wood Dale, IL 3/25/2011 41.9 
Legacy Bank, Milwaukee, WI 3/11/2011 43.5 
First National Bank of Davis, Davis, OK 3/11/2011 26.5 
Valley Community Bank, St. Charles, IL 2/25/2011 22.8 
San Luis Trust Bank, FSB, San Luis Obispo, CA 2/18/2011 96.1 
Charter Oaks Bank, Napa, CA 2/18/2011 21.8 
Citizens Bank of Effingham, Springfield, GA 2/18/2011 59.4 
Habersham Bank, Clarksville, GA 2/18/2011 90.3 
Canyon National Bank, Palm Springs, CA 2/11/2011 10.0 
Badger State Bank, Cassville, WI 2/11/2011 17.5 
Peoples State Bank, Hamtramck, MI 2/11/2011 87.4 
Sunshine State Community Bank, Port Orange, FL 2/11/2011 30.0 
Community First Bank Chicago, Chicago, IL 2/4/2011 11.7 
North Georgia Bank, Watkinsville, GA 2/4/2011 35.2 
American Trust Bank, Roswell, GA 2/4/2011 71.5 
First Community Bank, Taos, NM 1/28/2011 260.0 
FirsTier Bank, Louisville, CO 1/28/2011 242.6 
Evergreen State Bank, Stoughton, WI 1/28/2011 22.8 
The First State Bank, Camargo, OK 1/28/2011 20.1 
United Western Bank, Denver, CO 1/21/2011 312.8 
The Bank of Asheville, Asheville, NC 1/21/2011 56.2 
CommunitySouth Bank and Trust, Easley, SC 1/21/2011 46.3 
Enterprise Banking Company, McDonough, GA 1/21/2011 39.6 
Oglethorpe Bank, Brunswick, GA 1/14/2011 80.4 
Legacy Bank, Scottsdale, AZ 1/7/2011 27.9 
First Commercial Bank of Florida, Orlando, FL 1/7/2011 78.0

Read more: 2011 list of failed banks 2011 list of failed banks

[Doggy Styles]

Is this about saving the economies...or saving the banks?

Or are we so tied to the banks...because that's all our economies now consist to...funny money. So much so that the central banks have been printing money, simply to help out the banks, screwing the average Joe on the streets.

What on earth are you talking about?

You talk as if an economy could ever have been "saved" while its banks are going to the wall.

[BlasterBates]

Just to get things in prespective here. They´re not worried about the Euro, they´re worried about banks who hold bonds that will become worthless. If the Euro breaks up those bonds will not just get a bad "haircut" (like the one the silly dolly bird at the hairdressers gave me (bring back the Barber)), they´ll become completely worthless.
No the Euro will not break up because it´ll guarantee financial collapse. At the moment the Germans are pushing for a managed default of Greek bonds, but if push comes to shove, i.e. it´s clear the global financial markets will go into melt down, they´ll go for plan B, which is Eurobonds, problem solved. Once you have Eurobonds, Europe is 3rd behind the US and UK for financial instability,because their combined finances are in a lot better shape. Of course this costs the Germans so they´re dragging their heels at the moment.

[lilelvis2000]

Is this about saving the economies...or saving the banks?

Or are we so tied to the banks...because that's all our economies now consist to...funny money. So much so that the central banks have been printing money, simply to help out the banks, screwing the average Joe on the streets.

[SimonMac]

Where's the don't care option?!

[doodab]

No. Isn't that the deadline for the next tranche of repayments? In six weeks the eurozone will be in even more shit than it is now.

The next tranche of loans to Greece is due at the start of October IIRC, and that is supposed to keep them going until December. There is a G20 meeting in November but apart from that the date seems fairly arbitrary.

I reckon it has more to do with the politicians not wanting to have to cancel their winter sun holidays.

[Doggy Styles]

Or what? He's going to take his ball and go home.

No. Isn't that the deadline for the next tranche of repayments? In six weeks the eurozone will be in even more shit than it is now.

[doodab]

Chancellor George Osborne has warned European leaders that they have six weeks to tackle the economic crisis engulfing the eurozone.

Or what? He's going to take his ball and go home.

[TimberWolf]

Chancellor George Osborne has warned European leaders that they have six weeks to tackle the economic crisis engulfing the eurozone.

Mr Osborne said a meeting of the G20 nations in France in November remains the deadline for action to tackle the financial problems.

Chancellor George Osborne Warns: Six Weeks To Save Euro From Financial Crisis | Politics | Sky News

What does he expect them to do, print money?