Trouble ahead for the UK...

Euro big 4 agree growth package

"The leaders sought to agree proposals on closer integration - including a banking union and a financial transactions tax - to be put forward at the broader EU summit".

Euro condition "Acute"

If Frau/fraulein Merkel sticks to her guns, Germany will indeed bring down Europe for the 3rd time, only this time it will be the bloodiest war in history without a shot being fired!

Once that happens, we'll be looking at 1919/1926/1929 all over again & with no way to recover quickly, Europe will again be at war & this time it will be actual war as there still is too many racial problems within Europe.

Which ever way you read this current situation with the Euro, the big four
countries are making it pretty clear here at this summit that the Euro is in
the "last chance saloon". I still feel that their proposed plans for rescuing
the Euro plus the bonds of Spain and Italy are all very suspect. To me it seems
that both Italy and Spain want to secure a source of money within the ECM that
will be used to buy their bonds at a lesser interest rate. Call this subsidised
loans but do either of these two countries realise just how long it is going
to take to pay these loans back. These loan liabilities are going to be a
millstone around their necks for such a long time to come that this loan is
going to cause immense problems for them the Euro and the ECM within a few years.

When you think, the last time Europe got into trouble, 1939 - 1945 Britain
came to the rescue then followed by America, it cost Britain a fortune and
hence we lost our position in the worlds rankings. Today, Europe is in trouble
again and and every man and his dog is pushing Germany to come to Europe's
rescue. Will this rescue plan do the same to Germany that it did to Britain over
55 years ago ????????

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The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Holidaying in Greece in 2012 - travel at your own peril

...If you go then do remember to take a few candles with you and something to
light them with!!
So the Greeks wont pay their electricity bills what a basket case they are.
And to think the high and mighty we know what we are doing Brussels brigade
who reckon their so clever and able they know what's best for you even though
"we" don't even know you....voted that lot in.

Well, I'm beginning to think it's about time I sat back and watched the show
for some of us have heckled these comedians for long enough. True, the jokes
have got better so perhaps time so sit back and start laughing at them.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Nice one Nick. Here's an idea....

..get the Eurozone to vote you in as European Commisioner & me as the finance minister....

..What do you think?

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I don't think that would ever happen - you two guys are far too sensible...

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Bob Smith
Member of Seti PIPPS (Pluto is a Planet Protest Society)
Somewhere in the (un)known Universe?

I don't think that would ever happen - you two guys are far too sensible...

Well I'm pretty sure we can get corrupted to their way of working, just to get in the system....

Then I'll just pop over to Sierra Leone, borrow a few of our old SLR's with plenty of ammo....We'll have a field day organising the top tier.

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Nice one Nick. Here's an idea....

..get the Eurozone to vote you in as European Commisioner & me as the finance minister....

..What do you think?

I suspect in time the ECM will have wished that they had voted us in.
For not many people around seem to reslise that what the world is experiencing
is what amounts to a depression. A depression that is being softened by countries
raising huge amounts of debt in hopes of riding this storm out. But in the
process failing to see that this storm is not abating and raising the sails in
hopes of running away from the storm will eventually cause their ships to flounder
upon the rocks of debt. Germany may send their sailing boats out in hopes of
rescuing them from their situation but I suspect all that will happen is the
battered ships of the ECM will drag the German rescue boats on to the rocks
along with them.....Captain Merkel,"Leave your ships in port"...be warned!!
Capatian Cameron, "Have a game of bowls"??

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Cuts to last until 2020 Really? aw, we didn't realise that would happen!

UK on collision course with Brussels - Anyone fancy some sprouts for dinner?

EU pensions plan fought, vows minister - so, we going to have to continue working until death then?

Eurozone stuck in "doom loop" -

"To be sustainable in the long run, a monetary union also requires a “transfer union” – with explicit payments from stronger to weaker members. This is what happens in the US, with richer states financing poorer states, the whole edifice held together by hundreds of years of nation-building and a common identity. Europe doesn’t have that – and never will".

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EU pensions plan fought, vows minister -

Sirius, as I said here previously, "How long before Brussels introduces an
employers bond where a % of your monthly salary will be deducted and used to
but government bonds" This EU pension plan is nothing short of a raid on our
pensions with the money taken to buy extra government bonds. All done to shore-
up ailing government debt. They wish for this plan to be viewed as a way of
securing extra safety for our pension money and no doubt many idiots will buy
this line. Those Brussels bunglers care nothing for the every day man/woman
in the streets and will rob the citizens of Europe of nearly every penny they
have to support/finance this failed Euro currency. Cameron has to put a stop
to this or the UK will be dragged down so far that we will never fully recover
financially or economically to that level we reached prior to the start of this
depression. It is a depression now and will only become clearly obvious once
countries finally have to submit to full austerity measures because many bond
markets are going to collapse. Brussels think they can out-play the bond markets
...."Brussels", let me tell you something, "No State has ever out-played the bond
markets and never will". As regards a Euro bond, this is Brussels attempt at
trying to be smart. Have Germany back it and the bond rates will stay low.
Well, What happens when 23 to 24 countries tied to these bonds go broke do
you think the bond market will still accept a low interest rate. You bet not,
Germany or no Germany, the interest rates on the bonds will go sky-high
forcing Germany to have to quit the Euro currency. If Brussels fails to kick
out the weak countries from the Euro then in time this could force Germany out.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

An interesting take Nick.
Now, how would that work for the Euro?
Currently the Euro is being bank rolled by Germany, which the German populace don't particularly like. Thus Germany leaving the Euro would please the German populace to an extent, until they found that all their exports weren't being sold, as their currency had gone through the roof.
At the same time the remaining members of the Euro would be foundering in a mass of debt with a worthless currency, exports would be easy, but they wouldn't be able to afford to import the raw materials. The tourist destination countries would be "OKish" as the low currency would make them an even more attractive tourist destination. Greece would become the new power house of the Euro, fuelled by its massive tourist industry....
With the German economy crippled by its inability to compete on the world market, it would now be champing at the bit for the good old days" within the Euro. And so the cycle would begin again.

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Bob Smith
Member of Seti PIPPS (Pluto is a Planet Protest Society)
Somewhere in the (un)known Universe?

The thing that worries me about all this is "Where do they get the money for that" ?

It's just being created out of thin air with nothing to back it up. It doesn't exist in a physical form and never did. It's nothing more than bits on a hard drive somewhere.

These clowns talk in "billions" of Euros, Dollars and Pounds as if talking about the contents of a bag of pop corn.

If I had a debt of one US billion (10^9), even using my entire annual wage as payments, it would take 10 million years to pay it off. And that's not including interest. Where is it all coming from ???

Time to find a nice comfy cave somewhere methinks. When the crunch comes it's going to be a ripper.

T.A.

Succinct summary T.A.

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Bob Smith
Member of Seti PIPPS (Pluto is a Planet Protest Society)
Somewhere in the (un)known Universe?

+2. I've been asking that for some time.

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Only Germany & a "Grand Plan" can save the Euro

"The problem of the eurozone was that it was "motivated by politics and delivered in economics", he said on BBC 1's Andrew Marr Show on Sunday".

So why didn't he do something about it when he was PM - £20 million not enough for him, he wants more!

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Germany fears Eurozone collapse

"A disintegration of the EU would be absurd," he said. "The world is moving closer together, and in Europe each country would go it alone again? This cannot be, must not be and will not be."

Careful here Minister, that statement could & more than likely will, come back to bite you in the ass!

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This is launch control at T-5 minutes and counting. Emigration ship USS Titanic II to Alpha Centauri is ready for launch. Ms Mekon Merkel & Mr Del-boy Cameron have cancelled their reservations, and this is a call for Mr Sirius & Mr Nick who have standby tickets, to please take their seats immediately, as we are ready to depart.

For one who dislikes his threads from going too far off topic, can you refrain from posting your irrelevant thoughts. I don't mind a bit of light relief, but not those that bear no reference to the topic at hand.

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Greece seeks 2 extra years [c'mon, guardianistas, get it right, wrong url again)

IMF piles pressure on Germany

Eurozone crisis becoming a world crisis

Is this what the Eurozone was meant to be?

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An interesting take Nick.
Now, how would that work for the Euro?
Currently the Euro is being bank rolled by Germany, which the German populace don't particularly like. Thus Germany leaving the Euro would please the German populace to an extent, until they found that all their exports weren't being sold, as their currency had gone through the roof.
At the same time the remaining members of the Euro would be foundering in a mass of debt with a worthless currency, exports would be easy, but they wouldn't be able to afford to import the raw materials. The tourist destination countries would be "OKish" as the low currency would make them an even more attractive tourist destination. Greece would become the new power house of the Euro, fuelled by its massive tourist industry....
With the German economy crippled by its inability to compete on the world market, it would now be champing at the bit for the good old days" within the Euro. And so the cycle would begin again.

Rob, Germany had no problems maintaining and also growing it's export markets
during the years it operated under the highly valued Mark. Having a highly
valued currency was what forced Germany to keep driving towards greater
efficiency. Currently, Germany is building it's wealth using, to it, a false
currency just like China who have pegged their currency to the Dollar. You
could say that Germany is basically still under the Mark but pegging it to
the Euro. America and other countries are up in arms over this currency pegging
by China because it gives them an un-holy unfair advantage on exports.
I do wonder if China will stay pegged to the dollar as long as Germany is pegged
to the Euro. The problem for Germany comes when inflation starts to run rampant
through Europe due to the excessive amounts of Euro's in the system. When this
happens then Germany will find it more conducive to their economy if they were
out of the Euro rather than in....basically they will un-peg the Mark and in
the process create a stable currency and kill off inflation in one fell swoop.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Nice post Nick, but if they unpeg the mark, what currency will they end up using - The mark or the Euro?

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Another week, another summit - in other words, SSDD

"So even if the complex power-play at the latest make-or-break summit on Friday leads to what looks like a deal, don't be fooled: the periphery will still face an all-but-impossible challenge over the coming decade: one it's extremely hard to see voters signing up for over the long haul". This is what it's really about!

Media financial mayhem

"The prize for finding workable solutions would be to wrestle back unaccountable power from the hands of banks and finance. We would also relegate financial market stories back to the business pages and specialist wire services, where they belong". Spot on!

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Nice post Nick, but if they unpeg the mark, what currency will they end up using - The mark or the Euro?

Might call it the Euro Mark and have only France join it and no one else.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.