I don't give damn what Edgar Jones, Johnny Smith, Kevin Ross or whatever
other American company with a fancy name say. Sooner rather than later the
PIIGS will dump the euro, the EU and the west forever, strengthening ties with
emerging south American emerging countries, with which they share language and
culture, other Mediterranean nations, with which they share geographic interests
and I bet Russia and China too.All the US will have accomplishment is to lose
its geopolitical grip on yet another area in the planet and all Germany will
have accomplished is being despised south and not only east of its borders. Your
opinions, your comments, your ratings will become totally irrelevant to us.
Moody's can downgrade us to ZZZZ if it wants, we'll keep on eating good food,
enjoying good climate, making love with gorgeous women and have a higher life
expectancy than Germany, the US and the UK. ... Bye bye loser....
I will be laughing my aSs off when Frau Merkel starts begging Italy and Spain
not to leave the euro offering them billions in bail-outs with no conditions
attached, having to explain her countrymen how the euro was the fundamental
element behind german economic miracle and how export would collapse and
unemployment jump to 10% or above without it...... It will be an entertaining
spectacle. All Italy and Spain need to do is to threaten exit FOR real. France,
having their same economic fundamentals, cannot afford them to have a weaker
currency and will have to follow suit. One second after, the German bluff will
be exposed. I propose Cascos for Spanish PM and Grillo for Italian PM. Rajoy and
Monti simply don't have the balls to do that.
3 comments:
The North Sea island, famed for its 40km sandy beach, might seem an unusual location for a pow-wow to discuss the spiralling debt crisis, but it is Mr Schaeuble's traditional holiday destination. Just off the German coast, near the Danish border, Sylt is the northernmost island of Germany and is known for its tourist resorts, particularly Westerland and Kampen.
Germany's chancellor, Angela Merkel, has left Berlin for her usual two-to-three-week break. She has been spotted at the Bayreuth Festival, the annual month-long celebration of Richard Wagner, and Bild reported that she will then travel with her husband to the Italian alpine region of South Tyrol, where she holidayed in the past two years.
In a nod to austerity, Mrs Merkel sported the same dress - a petrol-blue full-length gown - to the Bayreuth Festival that she wore to the same event four years ago.
Stock markets are trading higher this lunchtime. The FTSE 100 in London is still up 0.5pc at 5,657.09. The FTSE Mib in Milan is up 2pc, at 13,869.54, while the IBEX 35 in Madrid is up 1.5pc at 6,717.90.
Italian borrowing costs have edged up following this morning's bond auction. The yield on 10-year debt is back above 6pc, at 6.03pc, while Spanish 10-year yields have remained steady, at 6.6pc.
Romanian President Traian Basescu has survived a referendum on his impeachment, after turnout fell below the 50% needed to validate the vote.
Of those who voted, 87.5% backed impeachment, according to the Central Election Bureau.
Mr Basescu, who has been suspended by parliament, had asked his supporters to boycott Sunday's vote.
Mr Basescu's arch-rival, Prime Minister Victor Ponta said the president no longer had any legitimacy in office.
The centre-left government had accused the centre-right president of exceeding his authority and of meddling in government affairs.
On Monday morning the Central Election Bureau said turnout reached 46.13%.
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