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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (111088)4/28/2010 5:53:19 PM
From: Sunny Jim1 Recommendation  Respond to of 116555
 
Looks to me like the EU is over a barrel. If they take on the responsibility of bailing out their member countries, it could become a game of "last man standing" as PIIG countries succumb one by one. When they are all bailed out, then the other remaining countries in the EU start to become bailout candidates since their finances will have been eroded with all the bailout debt they have incurred. That's why citizens in countries like Germany are firmly against bailing out other countries. The EU is in a box but if they start down the bailout road, their very existence will be threatened - looks like the classic incremental suck-in.



To: Jim McMannis who wrote (111088)4/28/2010 6:53:21 PM
From: mishedlo3 Recommendations  Read Replies (2) | Respond to of 116555
 
"Crowd-Sourcing" part II; Email from the Creator of the Term; Other Readers Chime In Too ...

globaleconomicanalysis.blogspot.com

Mish



To: Jim McMannis who wrote (111088)4/28/2010 8:09:33 PM
From: Hawkmoon  Read Replies (1) | Respond to of 116555
 
No one forced the Germans to join the EU. In fact, aside from their people, their politicians/bankers were quite in favor of it.

Hawk