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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (83767)11/28/2011 4:55:20 AM
From: elmatador  Respond to of 218068
 
Europe's banks feel funding freeze, hole for European banks is deepening following a sharp fall in bond issuance this year as market turmoil leads to a region-wide credit crunch.
edition.cnn.com

Dilma had warned them:

"The Europeans always take too long to find solutions. And when they come they come late."

Rousseff and her finance minister, Guido Mantega, have become increasingly vocal in their criticism of the European response. "The Europeans always take too long to find solutions," Mantega grumbled earlier this month. "And when they come they come late."
Message 27789788



To: Haim R. Branisteanu who wrote (83767)11/28/2011 9:42:51 AM
From: elmatador  Read Replies (2) | Respond to of 218068
 
Moody's threatens to wield the machete on European ratings: warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.

"While Moody's central scenario remains that the euro area will be preserved without further widespread defaults, even this 'positive' scenario carries very negative rating implications in the interim period," the agency said in a report.

Crisis threatens EU sovereign ratings: Moody's
Mon Nov 28, 2011 5:34am EST

Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.

"While Moody's central scenario remains that the euro area will be preserved without further widespread defaults, even this 'positive' scenario carries very negative rating implications in the interim period," the agency said in a report.

Moody's also noted the political impetus to implement an effective resolution plan may only emerge after a series of shocks, which may lead to more countries losing access to market funding and requiring a support program.

"This would very likely cause those countries' ratings to be moved into speculative grade in view of the solvency tests that would likely be required and the burden-sharing that might be imposed if (as is likely) support were to be needed for a sustained period."

Economist Tim Condon, head of research for Asia at ING, said the Moody's statement was unlikely to surprise markets.

"It's basically common knowledge that everything in Europe is at risk," he said. "Quite a few people are contemplating a euro zone breakup scenario."

Financial markets have put Italy, Spain and now France under increasing pressure on skepticism of the ability of European leaders to resolve the debt crisis, that has already sparked financial bailouts for Greece, Portugal and Ireland.

Italian Prime Minister Mario Monti aims to shore up the country's strained public finances this week by unveiling measures that could include a revamped housing tax.

Contacts between the International Monetary Fund and Rome have intensified as concern has grown about a financial backstop for Italy, should the country need it.

Euro zone finance ministers are due on Tuesday to consider detailed operation rules for the area's bailout fund. Approvals will clear the way for the 440 billion euro ($583.83 billion)fund to attract cash aimed at boosting the fund's resources.

Moody's said the euro area is approaching a junction, leading to either closer integration or greater fragmentation.

The likelihood of even more negative scenarios has arisen in recent weeks, Moody's noted, reflecting political uncertainties in Greece and Italy and a worsening of the region's economic outlook, among other factors.

"The probability of multiple defaults by euro area countries is no longer negligible. In Moody's view, the longer the liquidity crisis continues, the more rapidly the probability of defaults will continue to rise," it said.

Such defaults would increase the chances that one or more members of the bloc would leave the euro area.

"Moody's believes that any multiple-exit scenario -- in other words, a fragmentation of the euro -- would have negative repercussions for the credit standing of all euro area and EU sovereigns."

In the absence of major policy initiatives in the near future that stabilize credit market conditions, or markets stabilizing for any other reason, "the point is likely to be reached where the overall architecture of Moody's ratings within the euro area, and possibly elsewhere, within the EU, will need to be revisited."



To: Haim R. Branisteanu who wrote (83767)11/28/2011 11:03:35 AM
From: Maurice Winn2 Recommendations  Read Replies (2) | Respond to of 218068
 
Quite right, the definition of "communist" is what's required. "Socialist" is used to describe the same thing but with a democratic political system. What's really needed is to individualize the ownership of communally owned property by way of Tradable Citizenship so that a more direct link between the individual and the state is formed with the ownership the right way around.

At present individuals are owned by their governments, but the reverse should be true - the individuals could buy and sell governments and the public assets. Don't like living there? Sell your share for $2 million [in some countries] and move elsewhere, buying into Greece, or New Zealand. Maybe India so retirement funds last a long time and servants are cheap.

It would be great if Greeks could figure out that the way to go is ditch Europe and lead the world again in democracy. Being a Euroserf is no way to live. Put up a border and a toll gate so that Armadas of German holiday makers in their BMW, Audi, Mercedes pay for enjoying a break in the warmth and sea, mit souvlaki. Some would pay $2 million [rising to $5 million as the value of Tradable Citizenship in great places is recognized] so that they could live there or visit any time with no fees and earn a share of the profits.
Mqurice



To: Haim R. Branisteanu who wrote (83767)12/1/2011 5:07:00 PM
From: Solon3 Recommendations  Read Replies (4) | Respond to of 218068
 
Please remember that the first known revolutionary preaching the theory of true communism and succeeding to gain followers, was born on December 24 in Bethlehem and then crucified for his ideology by the Romans in Jerusalem."

Nonsense. There was no such person! It is an Aesop's Fable. Any possible composite to be drawn is conceptual based on myriad scribblings where only the survivors survived and survived and survived...

There was no Gospel Jesus! Historians such as the Jew, Philo, lived in the area at that time and would have wrote MILLIONS of words about such a JEW!!!

Nor is it fair to speak of "communism" before it became an ideology. Communism is a complex philosophical dogma that started when it began. It has nothing to do with ancient ideas about sharing property. These ideas go way back before Communism and are NOT informed by Marxist ideology.

Jesus did not exist (although thousands of people named 'Jesus'--and even Messiahs--have existed). The superstition and the dogma we know as Christianity only won out because of the decision of one Roman Emperor!

And life goes on! Another group pulled on that called Islam (we shall ignore the 35,000 Christian sects pulling on that even though any one of them could conceivably take POWER!!). But Islam could win through "Rome" or through guns.

Fortunately our kids are working with Ipods and Windows. The Nimrods are done, I hope. I surely surely hope. Such dimwitted MORONS trying to win football games by looking up and finding some tears. Yeah, like some invisible thing really gives a shit!!! Just look at all the evidence!!!!