Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: European debt crisis spiralling out of control

  1. #1
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    European debt crisis spiralling out of control

    Link


    Fears that Europe's sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession, created panic on world markets.

    Reports emerging from Brussels said that Germany and France had begun preliminary talks on a break-up of the eurozone, amid fears that Italy would be too big to rescue.

    Despite Silvio Berlusconi's announcement that he would step down as prime minister once austerity measures were pushed through parliament, a collapse of investor confidence in the eurozone's third-biggest economy sent interest rates in Italy to the levels that triggered bailouts in Portugal, Greece and Ireland.

    Italian bond yields surged through the critical 7% mark, at one point hitting 7.5%, amid concern that the deteriorating situation had moved the crisis into a dangerous new phase.
    Looks like the honeymoon is over.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  2. #2
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: European debt crisis spiralling out of control

    Greece is gone, Italy is gone, Spain and Portugal are probably also gone, and (though no one is talking about this) Japan is gone. The question is whether or not France will cut the tether fast enough, and whether or not we will be able to go through the political difficulty to poise ourselves to capitalize on it.

  3. #3
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: European debt crisis spiralling out of control

    Quote Originally Posted by cpwill View Post
    Greece is gone, Italy is gone, Spain and Portugal are probably also gone, and (though no one is talking about this) Japan is gone. The question is whether or not France will cut the tether fast enough, and whether or not we will be able to go through the political difficulty to poise ourselves to capitalize on it.
    I read somewhere that Germany and France are talking about pulling out.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  4. #4
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: European debt crisis spiralling out of control

    hehehehehe.....

  5. #5
    Guru
    99percenter's Avatar
    Join Date
    Oct 2011
    Location
    Chicago
    Last Seen
    Today @ 11:00 AM
    Gender
    Lean
    Very Conservative
    Posts
    4,076

    Re: European debt crisis spiralling out of control

    I assume conservatives will call obama a European socialist and blame him if this sends the world into a depression.

  6. #6
    Banned
    Join Date
    Mar 2011
    Location
    EUSSR
    Last Seen
    03-24-14 @ 01:43 PM
    Gender
    Lean
    Libertarian
    Posts
    3,851

    Re: European debt crisis spiralling out of control

    And Barroso said all EU countries have to accept the Euro.

    Uhh, why is this thread in the "2012 US Presidential election"?!

  7. #7
    Banned
    Join Date
    Oct 2009
    Location
    In your dreams...
    Last Seen
    05-29-12 @ 02:53 PM
    Lean
    Independent
    Posts
    10,621

    Re: European debt crisis spiralling out of control

    Quote Originally Posted by Canell View Post
    And Barroso said all EU countries have to accept the Euro.

    Uhh, why is this thread in the "2012 US Presidential election"?!
    Because... Europeans are liberals or something and this is funny because that means its obamas fault.

    So its either here out of total political stoogery or because it's misplaced.

  8. #8
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: European debt crisis spiralling out of control

    Quote Originally Posted by 99percenter View Post
    I assume conservatives will call obama a European socialist and blame him if this sends the world into a depression.
    well, he does want to take us in the direction of all the countries that are failing even more rapidly than we are.

  9. #9
    Banned
    Join Date
    Oct 2009
    Location
    In your dreams...
    Last Seen
    05-29-12 @ 02:53 PM
    Lean
    Independent
    Posts
    10,621

    Re: European debt crisis spiralling out of control

    Quote Originally Posted by cpwill View Post
    well, he does want to take us in the direction of all the countries that are failing even more rapidly than we are.
    I thought the US started all this... and it's only not the apocalypse because of a socialization of private losses...

  10. #10
    User
    Join Date
    Nov 2011
    Location
    South MS
    Last Seen
    11-20-11 @ 12:17 AM
    Gender
    Lean
    Independent
    Posts
    33

    Re: European debt crisis spiralling out of control

    The U.S. formed the EU & created the Euro??



    Big Al

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •