Reply to: So what does Angela Merkel suggest?

[BrilloPad]

It's easy to reject ideas, Angela, but you really should be coming up with ideas of your own

Pot meet kettle. Kettle meet pot.

Putting that aside, IMO Angela has no choice but to kick the can down the road and hope something comes along. But all outcomes are bad from here - some less bad than others. The least worst is that the ECB prints Euros. The worst is unstructured default, leading to runs on banks and WW3.

[sasguru]

Oh dear Polly Toynbee has invaded this forum. How long before we have the "its only fair" whinge?

Pooper's mind is like a sludgy swamp, all his thoughts lack coherence. He doesn't know if he supports the free market or socialism.

[DodgyAgent]

- inequality.

Oh dear Polly Toynbee has invaded this forum. How long before we have the "its only fair" whinge?

[sasguru]

By not authorising euro bonds change results. Euro bonds would help the rest of the world but do nothing to solve EU members longterm problems - inequality.

This fact is even obvious to the ameba that live under the frozen surfaces of Europa yet not to some Londoners. Now that is

So its just Londoners who are for EUrobonds and not much of the German press?
Oh sorry I forgot you're not well integrated in your adopted country and probably don't understand the press. You really are a cretin of the first order

From the link:

"Handelsblatt’s view. “The ECB remains the only investor that can keep down the interest rates of bonds from euro states in the short-term,” Handelsblatt said. “In the long-term, there’s no getting around the necessity of creating fiscal union with at least partial euro bonds.”

The Frankfurter Allgemeine Zeitung newspaper said that while the low demand for German bunds was “no reason to panic” it shows that “around 2 percent interest for investors in these uncertain times is simply not enough.”

‘Moment of Truth’
“Pressure is growing on Merkel,” said Die Welt newspaper. “Up until now she managed to steer the nation through the crisis so that the people didn’t really notice the turbulence.”

Merkel now faces a “moment of truth” in the crisis as her opposition to ECB bond purchases and euro bonds “is being challenged,” Die Welt said.

German opposition parties ratcheted up calls for euro bonds. Frank-Walter Steinmeier, parliamentary leader of the Social Democratic Party in parliament, said on Nov. 21 that his party wants euro bonds as part of a solution to the crisis.

“A model using euro bonds that links European bonds to a reform program is the better alternative,” Juergen Trittin, a co-leader of the opposition Greens party, said in an N24 television interview today.

In Paris, the French government underlined calls for giving the ECB a bigger role in fighting the crisis.

"

[TimberWolf]

Of course austerity won't work.
in the 30s Great Depression that's what the US did with catastrophic results.

For what it's worth I think that crash would have happened anyway and inflating would probably have delayed and worsened the subsequent depression. Inflating is the right course after a crash IMO, but not before. Germany have tried inflation, at about the same time, as has Zimbabwe etc, and it's always failed.

[scooterscot]

Sometimes I wonder if you live in a parallel universe. Your lack of understanding is chronic.
The whole point of this thread is asking why Angela is kicking the can down the road rather than driving change.

By not authorising euro bonds change results. Euro bonds would help the rest of the world but do nothing to solve EU members longterm problems - inequality.

This fact is even obvious to the ameba that live under the frozen surfaces of Europa yet not to some Londoners. Now that is

[sasguru]

It it a done deal that austerity alone won't work? If not, I'm with Angela.

Of course austerity won't work.
in the 30s Great Depression that's what the US did with catastrophic results.

[TimberWolf]

It it a done deal that austerity alone won't work? If not, I'm with Angela.

[sasguru]

Because why? Why is their problem everyone else's? Let them get on with it and drive change rather than kicking the can down the road like the US and UK.

Sometimes I wonder if you live in a parallel universe. Your lack of understanding is chronic.
The whole point of this thread is asking why Angela is kicking the can down the road rather than driving change.

[scooterscot]

The answer is obvious. Break up the Euro.

Because why? Why is their problem everyone else's? Let them get on with it and drive change rather than kicking the can down the road like the US and UK.

[sasguru]

I'm starting to think it isn't the Eurozone debt crisis rattling the world at the moment, its Angela Merkel.

Absolutely right.

[Jeebo72]

The answer is obvious. Break up the Euro. Too many people staked their rep on it at the mo' but noone is going to bail out Greece, Portugal and Ireland again so it's going to happen. No one can bail out Italy and Spain, so it's going to happen. Mayhem for a few months then buy, buy, buy.

[Doggy Styles]

What a choice:

• Break up the eurozone
• Put Germany in fiscal charge of all the nations in the eurozone
• Carry on stalling, until...

[CheeseSlice]

I'm starting to think it isn't the Eurozone debt crisis rattling the world at the moment, its Angela Merkel.

Future headline predictions:

"Hilary Clinton says 'Merkel must go'"

"Analysis: How Angela Merkel caused world war 3, and how one simple Euro currency decision could have prevented it"

[Mich the Tester]

There must be some fugly bints working at bloomberg if they can fit 'Angela Merkel' and 'Losing Sex-Appeal’ in the same paragraph.