cojohnle Posted November 28, 2011 Report Posted November 28, 2011 Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain. The OECD rich nations' economic think-tank said the European Central Bank should cut interest rates and step up its purchases of government bonds to restore confidence in the euro zone, which it said now posed the main risk to the world economy. In Brussels, finance ministers of the 17-nation currency area meeting on Tuesday are due to approve detailed arrangements for scaling up the European Financial Stability Facility rescue fund to help prevent contagion spreading in bond markets, and to release a vital aid lifeline for Greece. full article at euronewsweek international Quote
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 I hope the countries avoid this like the plague and say NO Quote
wyly Posted November 28, 2011 Report Posted November 28, 2011 I hope the countries avoid this like the plague and say NO and your alternative would be a more preferable world wide recession? Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 and your alternative would be a more preferable world wide recession? Yes, its going to happen...if its not the EU its going to be the US or even China that brings on a world recession again The writing is on the wall..lets face it right now than delay the inevitable These EU countries will be giving up their sovereignty ... you do not live in those countries so of course you don't care if their sovereignty is trampled but I do Quote
GostHacked Posted November 28, 2011 Report Posted November 28, 2011 Take a long recession now, or a very long depression later. Quote
wyly Posted November 28, 2011 Report Posted November 28, 2011 These EU countries will be giving up their sovereignty ... you do not live in those countries so of course you don't care if their sovereignty is trampled but I do I have an EU passport so I think it's more relevant to me than you ... Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
dre Posted November 28, 2011 Report Posted November 28, 2011 and your alternative would be a more preferable world wide recession? If the global financial system is such a house of cards that its going to collapse the first time a couple of countries have debt maintenance issues, then you might as well just let the whole thing come crashing down and replace it with something better. Quote I question things because I am human. And call no one my father who's no closer than a stranger
wyly Posted November 28, 2011 Report Posted November 28, 2011 If the global financial system is such a house of cards that its going to collapse the first time a couple of countries have debt maintenance issues, then you might as well just let the whole thing come crashing down and replace it with something better. ya a great idea as long as it's not your job, home or retirement fund that will be lost... Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 I have an EU passport so I think it's more relevant to me than you ... you don't live in the countries who will be sacrificing its sovereignty you, nor I have that choice..they do Quote
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 ya a great idea as long as it's not your job, home or retirement fund that will be lost... and its not your sovereignty at stake wyly Quote
wyly Posted November 28, 2011 Report Posted November 28, 2011 (edited) and its not your sovereignty at stake wyly actually it is...I'd show you my EU passport but you know issues with the internet and security make that problematic...I have full voting rights in the EU so it still matters to me... Edited November 28, 2011 by wyly Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 actually it is...I'd show you my EU passport but you know issues with the internet and security make that problematic... LMAO, dude, you can hold as many passports as you want but it doesn't make you a citizen of said country Quote
wyly Posted November 28, 2011 Report Posted November 28, 2011 LMAO, dude, you can hold as many passports as you want but it doesn't make you a citizen of said country LMAO DUDE!...ya, it kinda does DUDE!... ... Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 LMAO DUDE!...ya, it kinda does DUDE!... ... so which country are you a dual citizen of? Quote
wyly Posted November 28, 2011 Report Posted November 28, 2011 so which country are you a dual citizen of? that's piece of info I've chosen to keep confidential in all my time here in this forum...I've residency rights in any eu country with spain a possible destination for my retirement... Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 (edited) that's piece of info I've chosen to keep confidential in all my time here in this forum...I've residency rights in any eu country with spain a possible destination for my retirement... in that case I really really hope the EU crash and burns Edited November 28, 2011 by olp1fan Quote
wyly Posted November 28, 2011 Report Posted November 28, 2011 in that case I really really hope the EU crash and burns actually it's great for me if it does....beachfront property on the med has already dropped by 50% Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
olp1fan Posted November 28, 2011 Report Posted November 28, 2011 actually it's great for me if it does....beachfront property on the med has already dropped by 50% how would your EU passport be valid if there is no longer a european union? Quote
wyly Posted November 28, 2011 Report Posted November 28, 2011 (edited) how would your EU passport be valid if there is no longer a european union? the rights of residency will still be there, bring cash buy a home and or business and I'm in...but then cuba is looking good to me as well... Edited November 28, 2011 by wyly Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
Jack Weber Posted November 28, 2011 Report Posted November 28, 2011 actually it's great for me if it does....beachfront property on the med has already dropped by 50% I was going to say that property in Spain or Portugal must be dirt cheap right about now.... Hell,property in Florida is dirt cheap right now!!! Quote The beatings will continue until morale improves!!!
wyly Posted November 28, 2011 Report Posted November 28, 2011 I was going to say that property in Spain or Portugal must be dirt cheap right about now.... Hell,property in Florida is dirt cheap right now!!! 50% for beachfront for me is just within my reach, I expect it will go down even more...brand new inland developments in some places have reached 0% and are expected to stay there for maybe ten yrs, which sounds great but they're away from city centers and touristy favorites so still not very attractive as retirement investments and aren't attracting any buyers... Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
Argus Posted November 28, 2011 Report Posted November 28, 2011 50% for beachfront for me is just within my reach, I expect it will go down even more...brand new inland developments in some places have reached 0% and are expected to stay there for maybe ten yrs, which sounds great but they're away from city centers and touristy favorites so still not very attractive as retirement investments and aren't attracting any buyers... That assumes you have any money left to buy with. Got your money in equities, by any chance? I'd hate to imagine what the markets would do if the EEC broke up and some countries started declaring bankruptcy. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
Wild Bill Posted November 28, 2011 Report Posted November 28, 2011 (edited) That assumes you have any money left to buy with. Got your money in equities, by any chance? I'd hate to imagine what the markets would do if the EEC broke up and some countries started declaring bankruptcy. Yeah, what would those grasshoppers do if the worker ants like Germany and France can't hold it together anymore? The entire EU concept always seemed a "Little Red Hen" story to me. A couple of producing countries and a whole passle of socialistic deadbeat nations looking for someone else to sponge off when the budgets needed to be balanced. The entire Union was always a political thing and never a true economic one. How could it be after allowing countries like Greece and Spain to join up? Yup, it's classic "Little Red Hen" and the chickens have come home to roost! Edited November 28, 2011 by Wild Bill Quote "A government which robs Peter to pay Paul can always depend on the support of Paul." -- George Bernard Shaw "There is no point in being difficult when, with a little extra effort, you can be completely impossible."
Michael Hardner Posted November 28, 2011 Report Posted November 28, 2011 The entire EU concept always seemed a "Little Red Hen" story to me. A couple of producing countries and a whole passle of socialistic deadbeat nations looking for someone else to sponge off when the budgets needed to be balanced. Germany and France are far more socialist than we are with state-sponsored universities and healthcare, subsidized food prices and high taxation. Quote Looks like someone has a new patronizing catch phrase ! Michael Hardner
dre Posted November 28, 2011 Report Posted November 28, 2011 Currency Unions = Bad Idea. Quote I question things because I am human. And call no one my father who's no closer than a stranger
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