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German parliament backs enhanced bailout fund
09-29-2011, 01:27 PM #1
Octo Mother Superior
Posts:42,601 Threads:1,469 Joined:Feb 2011
BERLIN (Reuters) - Germany's parliament approved new powers for the euro zone's crisis fund on Thursday with a large majority.

In the vote, that was the biggest test of Chancellor Angela Merkel's leadership since she took power six years ago, 523 lawmakers backed more powers for the fund, 85 voted against it and 3 abstained.

http://news.yahoo.com/germanys-merkel-fa...42984.html

Yay, the economy is saved and we can all go back to watching and buying shiny things now coffeetime.gif
09-29-2011, 01:30 PM #2
Kreeper Griobhtha
Posts:10,589 Threads:633 Joined:Feb 2011
facepalm_panda.gif


Waiting for the apocalypse...

coffeetime.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
09-29-2011, 01:33 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
chuckle.gif

A German judge ruled the parlement can not make that decision without a referendum. vic.gif This is going to get really interesting.

wonder.gif
09-29-2011, 01:50 PM #4
bohica Member
Posts:1,590 Threads:194 Joined:Feb 2011
The only shiny things I'm buying lately are pre-64 silver dimes, especially since last week's spike down.
( unless you want to say that brass is shiny)

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
09-29-2011, 01:52 PM #5
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
09-29-2011, 02:37 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
Thanks Shadow! hug.gif

But damned.gif If French banks are, at this point essentially insolvent this leaves the vast majority of the next round of bailout squarely on the shoulders of German economy, and guess what? Germany's economy if now officially dwindling.
They are in line to be downgraded. The EU is toast. coffeetime.gif

wonder.gif
09-29-2011, 03:00 PM #7
Octo Mother Superior
Posts:42,601 Threads:1,469 Joined:Feb 2011
Great comment from http://www.thelocal.de/national/20110929-37905.html

Quote:More debt to solve the debt problem. This can only end well.

lol.gifaaah2.gif
09-29-2011, 03:14 PM #8
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Welcome JR hug.gif

There's been a quiet corporate run on European banks since about July. Could explain why they're so undercapitalized or part of anyways. Geithner got bitch-slapped by Merkel yesterday too...here it is
http://dailybail.com/home/geithner-beatd...-eu-b.html
And yes Germany will lose AAA status if they go ahead with this bailout which germans will not like because not only will they be on the hook for it, their interest rates will go up making everything more expensive. The whole ponzi scam is slowly collapsing and when it goes, it'll happen in a heart beat.



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