Saturday, September 22, 2012

back on the continent ....


Why is it that when people decide to drill into their gold they find tungsten in the middle, would be nice to have people find only gold, but most that have drilled have only found tungsten, bars from the switzerland, london and NY seems to be faked on a huge scale, have any of these countries got any gold, i think it has all been shipped of the planet, lol, it is the only answer, bet we find most of the gold has vanished and we have 1000's of tons of tungsten, lol, could the tales of enki be true, lol, we must have a world wide gold audit....Back to the Continent, where German MPs reportedly want the ECB to limit its bank supervision to the eurozone's major lenders. Proposals seen by Reuters also showed that MPs from Chancellor Angela Merkel's party and their Free Democrat (FDP) allies reject proposals for cross-border bank deposit insurance, which they want to remain the responsibility of individual states.
Greece has pledged to raise €50bn from state assets by 2020 as part of bail-out conditions imposed by international lenders.
Germany has also got a debt auction away this morning, where it has paid next to nothing to sell two-year bonds. ...The country sold €4.084bn of two-year debt at average yields of 0.06pc, slightly up from the zero (yes, ZERO) percent it paid in August.  Demand was higher, with 2.1 bidders for every bond on offer, compared with 1.5 in August.
Portugal has got a debt auction away this morning, where it has sold short term bonds at markedly lower rates. The country sold €1.3bn of 18-month Treasury bills at average yields of 2.967pc, compared with 4.537pc at a previous auction in April. It also sold €700m of six month debt at average yields of 1.7pc (vs 2.292pc

4 comments:

Anonymous said...

the controversy over whether Germany might still owe Greece some outstanding war reparations from the second world war has reared up again tonight.

Greek state run media are reporting that Berlin has been quick to slap down any suggestion of compensation being made for crimes committed by Nazi troops during their occupation of the country.

Anonymous said...

The Financial Times Deutschland reports today that the EZ creditor nations are considering to write-off the first round of credits to Greece. This would mean a debt relief of 53 billion euros. This is almost 25% of GDP. And more public debt relief is likely to follow.

Political blabla to follow. But that they already float the idea now is good news.

Anonymous said...


diplomacy" by the Daily Telegraph's Damian Reece, who writes:

The Italian leader, Mario Monti, meets Mariano Rajoy of Spain for antipasta before shifting tables and enjoying some carne with Antonis Samaras of Greece and then Ireland's Edna Kenny arrives for some gelato.

It's a shame Portugal's PM isn't there too, otherwise Monti could have washed it all down with a coffee

I don't think, the Portugese want to be involved in this.

They have nothing to gain at this moment by making big waves. I call that clever.

Anonymous said...

The World Trade Organisation has warned