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Politics : President Barack Obama
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To: ChinuSFO who wrote (73792)5/6/2010 11:32:21 PM
From: tejek  Read Replies (1) of 149317
 
The good news is that the French parliament has passed the Greek bailout. It remains to be seen what the German parliament will do tomorrow.

Its supposed to pass in the Bundestag tomorrow.

We have a no clear majority in Britain it looks like and by dawn tomorrow, We would know if the dome they are lowering will channel the oil leak or not.

Does the UK even vote? I don't think they are officially in the EU.

All very crucial pieces for news. I am wondering if this is the beginning of the double dip for the world economy. Asia it looks like is doing better.

I really don't think so. Greece is only 11 million people. Of the PIIGS, the only countries of substance are Spain and Italy. Spain actually was in good shape until the Great Recession. Italy is always screwed up economically and politically.

I think the real problem is China. They keep slowing their economy and no one knows when that will stop. I followed a lot of Chinese stocks and for a couple of months now they have even gone down or sideways.
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