Dijsselbloem "assumes Portuguese situation will stabilize" - News flashes from Jeroen Dijsselbloem, the Dutch finance minister who chairs the eurogroup:
• EUROGROUP'S DIJSSELBLOEM SAYS SITUATION IN PORTUGAL IS WORRYING BUT ASSUMES IT WILL STABILISE
• EUROGROUP'S DIJSSELBLOEM SAYS EXPECTS PORTUGAL TO REMAIN COMMITTED TO ITS BAILOUT PROGRAMME
And here's the details of Jeroen Dijsselbloem's comments on Portugal this morning, from Reuters: Eurogroup chair Jeroen Dijsselbloem said on Wednesday he expected the situation in Portugal to stabilise and for the country to remain committed to the terms of its bailout. "The situation in Portugal is worrying," Dijsselbloem told a Dutch parliamentary committee when questioned about the latest crises in the euro zone. "I assume the political situation in Portugal will stabilise and that Portugal will stay committed to the undertakings that are part of its programme. "As Eurogroup chief, Dijsselbloem will also chair next Monday's meeting when eurozone finance ministers will consider whether Greece is meeting the terms of its bailout package....Finally, political developments, with Portugal's prime minister insisting that he can remain in power. Speaking in Berlin, where he was attending the EU summit on youth unemployment, Pedro Passos Coelho reiterated that he had no plans to resign. Passos Coelho told reporters: I am confident that we will be able to surpass this difficulty... I hope this internal crisis can be overcome very quickly. The PM added that all parties in Portugal have an obligation to maintain political stability.
As this photo shows, chancellor Merkel chatted to Passos Coelho during the photoshoot -- and appeared to be offering warm wishes at this difficult time... Poor old Portugal.. did everything the Troika asked.. was the bailout golden boy..proof that the plan could work if only you were a nice boy... rather than be like bad boy Greece.. and where has it got them?...Right where Greece is. With unsustainable debt.... Portugal is just the warm up act, the real crisis is being kept very, very quiet because it is so huge and of such magnitude the Euro certainly could not survive and the EU only as a trading bloc as it was under the "Common Market".
Never take your eyes off France, they are bankrupt, have just had a 2 year debt deferment (and then told the ECB it had no right to dictate economic terms to France - wonder why Greece, Cyprus, Spain or Portugal never tried that trick?) and has had over 1 Trillion Euro loan to "improve French Government Infrastructure" That alone would have bailed out Cyprus, Greece and Portugal many times over! Add to this an Economy in free-fall as well as a Government and I'd say Portugal was just a sideshow, or maybe a smokescreen?
Never take your eyes off France, they are bankrupt, have just had a 2 year debt deferment (and then told the ECB it had no right to dictate economic terms to France - wonder why Greece, Cyprus, Spain or Portugal never tried that trick?) and has had over 1 Trillion Euro loan to "improve French Government Infrastructure" That alone would have bailed out Cyprus, Greece and Portugal many times over! Add to this an Economy in free-fall as well as a Government and I'd say Portugal was just a sideshow, or maybe a smokescreen?
2 comments:
"Mr Coeuré called on leaders to complete the steps needed to implement the eurozone’s banking union." Is he saying, ECB should become the lender of last resort? QE at will?
At the moment it looks as if the banking union of some sort is in place unofficially, i.e. strangle the EU finances on the one hand and bail-out banks on the other, while the ECB continues to be a puppet on a string.
The behistun rock shows the northern tribes (so called lost) and names them Sak. Josephus says there are but two tribes subject to Rome that the 10 tribes dwell across the euphrates and that they cannot be numbered.
It is these tribes that Rome called Barbarians, they came and joined their brethren already in Europe.
Paul wrote a letter to the Hebrews. Yes the Hebrews, not Jews, where were they? All over Europe.
The second epistle of James verse one.
James a servant of God, and of the Lord Jesus Christ, to the twelve tribes which are scattered abroad, greeting.
How is it bible believing Christians can miss this? And what of the covenant with Abraham?
Mat 15 : 24 I am not sent but to the lost sheep of the house of Israel.
Israel blind and in captivity once again for their idolatry.
Things will get as bad as needs be until repentance.
Post a Comment