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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 (91487)	6/14/2012 2:34:20 AM
From: Snowshoe	Read Replies (2) \| Respond to of 218632

Bravo!

To: Haim R. Branisteanu who wrote (91487)	6/14/2012 6:50:20 AM
From: elmatador	1 Recommendation Read Replies (1) \| Respond to of 218632

Germany not capable of assuming responsibility for the debts of all its partners in the eurozone. Rejects demands for urgent introduction of jointly guaranteed eurozone bonds or the creation of a publicly funded bank deposit guarantee scheme Instead they are calling for a fundamental process of negotiating a “fiscal union” to underpin the common currency. But they warn that it is likely to take many months of talks to agree on measures to reinforce the economic integration of the common currency area, almost certainly involving the politically unpopular process of changes in European Union treaties. ft.com Why Germany did not take this position at the onset? Why it pretended that it was a big economy? If German government was honest it would have said at the onset of this criss: Now it is every man for himself. The crisis is so deep that there is no chance for the Euro to survive. But the outside world was believing that Germany was a big economy and it was in a position to save the currency union. Germnay, is a big country among Europeans, in the whole world conext it is a minnow. It is a high technology giant but an economic minnow. Why is Germany a minnow? Because Gemrnay has no natural resources. It is a big Switzerland.

To: Haim R. Branisteanu who wrote (91487)	6/14/2012 7:07:09 AM
From: elmatador	Read Replies (1) \| Respond to of 218632

“All resources, all measures, all packages will end up being smoke and mirrors if it becomes clear in the end that they extend beyond Germany's capacity,” Merkel said. That should have been Germany's position from day one. But Germany misled its neighbors leading them and the market to believe it was in a position to solve the problems by themselves. Merkel will travel to the G-20 summit in the Pacific coastal resort of Los Cabos as Greece votes in June 17 elections that may determine its fate in the euro region. Merkel pushed back against her critics, pressing the U.S. and Japan to reduce their debt, urging China and other emerging economies to make exchange rates more flexible and saying the world must “resist the temptation” to spur growth with deficit spending. bloomberg.com