Europe in Crisis

[Timminz]

a haircut?

this isn't your ordinary haircut

we need
him

you coming out for spending cuts?

I can field this one, Mr. Onicus.



Are you fucking daft?!

[Phatscotty]

No, just waiting for his response. I understand there have been some changes since the last time Pedro and I spoke.

[Pedronicus]

the bondholders are going to have a haircut. I'm not for spending cuts. The proposed English government spending cuts all affect the poor the most.
The smarmy cunt in number 11 is proposing cutting the top rate of tax. Like that worked in creating a trickle down recovery real well didn't it?

[Phatscotty]

the bondholders are going to have a haircut. I'm not for spending cuts. The proposed English government spending cuts all affect the poor the most.
The smarmy cunt in number 11 is proposing cutting the top rate of tax. Like that worked in creating a trickle down recovery real well didn't it?

How is the top rate going? I might suppose that decision could be based on the growth of that segment of society, whether you produce/attract more rich people, or if rich people are leaving. If more rich people are leaving, then you might be in even worse trouble than if they chopped the top rate in half.

[saxitoxin]

DATELINE: TODAY
THREAT LEVEL: 11:40PM

Fearing an imminent military coup, the Greek government today fired the entire Armed Forces General Staff.

­Sweeping changes to Greece’s military leadership were approved by Prime Minister George Papandreou during a meeting of the Foreign and Defense Council in Athens today.

The Chief of National Defense, as well as the chiefs of the army, navy and air force, were all replaced, according to a statement released by the Greek Defense Ministry Wednesday.

In addition, a dozen commissioned officers were also relieved of their duties.

The dismissal of Greece’s top military chiefs has the opposition up in arms. With the Greek crisis worsening by the day, PM George Papandreou has been accused of trying to rein in the armed forces before a potential government collapse.

http://rt.com/news/greece-military-dism ... dreou-393/

[nietzsche]

Is that clock like in 24? Remember sometimes the season started at 3pm or something and it had to go all the way around.

[saxitoxin]

DATELINE: TODAY
THREAT LEVEL: 11:40PM & 15 seconds

At the G20, the ruler of Canada announced the Dominion will not bailout Europe. However, it was unclear if anyone actually asked Canada to bailout Europe or, indeed, if Canada had even been invited to the G20 (it was suspected Canada was just hanging around outside).

­Prime Minister Stephen Harper said Friday there is no thought of Canada contributing to a European bailout fund.

"We see absolutely no reason why Canada, or frankly why any range of other countries, would need to contribute to such a bailout," he said following the conclusion of the two G20 meeting in Cannes, France.

http://www.cbc.ca/news/world/story/2011 ... ncial.html

[notyou2]

Canada should flex some muscle and invade Greece.

Greece's armed forces are leaderless at the moment.

It would be a picnic for the seasoned grizzly Canadian troops fresh from the sands and mountains of Afghanistan. The VanDoos should be in the vanguard, with the Pats on their right flank.

[Timminz]

I call Santorini.

[Johnny Rockets]

DATELINE: TODAY
THREAT LEVEL: 11:40PM & 15 seconds

At the G20, the ruler of Canada announced the Dominion will not bailout Europe. However, it was unclear if anyone actually asked Canada to bailout Europe or, indeed, if Canada had even been invited to the G20 (it was suspected Canada was just hanging around outside).

­Prime Minister Stephen Harper said Friday there is no thought of Canada contributing to a European bailout fund.

"We see absolutely no reason why Canada, or frankly why any range of other countries, would need to contribute to such a bailout," he said following the conclusion of the two G20 meeting in Cannes, France.

http://www.cbc.ca/news/world/story/2011 ... ncial.html

Slow news day, grampa?


I'm wondering why one of the only concrete solutions is not even being discussed:
The forfeiture of sovereign territory.

JRock

[saxitoxin]

DATELINE: TODAY
THREAT LEVEL: 11:37PM

Disaster PM George Papen-something will leave office, ending a mediocre career. George was born to two American citizens in St. Paul, Minnesota in 1952. In the early 70s his father moved to Greece and started wearing gold chains and eating yogurt. After a couple years he'd worn enough gold and ate enough yogurt that they gave him Greek citizenship and he was installed as Prime Minister. After a brief respite under the so-called "New Democracy" Party, the younger Papen-something succeeded tribal-style.

(Of course, when the DPRK has father-son teams as premier we roll around on the floor in hysterics, oh woe is me!, we exclaim. At least the DPRK is run by Koreans, instead of Americans viceroys.)

[Pedronicus]

Click image to enlarge.

[saxitoxin]

Click image to enlarge.

¡MUY BIEN!

[saxitoxin]

Think Saturday Night Live is so not funny but I thought Seth Meyers had a pretty good 90-second summary of Europe to-date a couple weeks ago so I illegally uploaded to my sister's YouTube channel:

http://www.youtube.com/watch?v=Sd6bgffep5g

[BigBallinStalin]

Think Saturday Night Live is so not funny but I thought Seth Meyers had a pretty good 90-second summary of Europe to-date a couple weeks ago so I illegally uploaded to my sister's YouTube channel:

http://www.youtube.com/watch?v=Sd6bgffep5g

Where'd your other videos go?

[Pedronicus]

5.24pm: Today has been the "most worrying day" yet of the crisis, says Mike Riddell, manager of M&G's international sovereign bond fund, with France now suffering a "full-blown run" on its debt.

Riddell says the financial markets indicate that the chances of France (and Austria, too) losing its AAA rating is now a near certainty.

Here's what Riddell told M&G's clients (with thanks to my colleague Patrick Collinson):

Today we've seen probably the most worrying day of this crisis so far. It's a 'risk off' day, yet even the Netherlands, which the market perceives to be the second strongest Eurozone sovereign, is coming under a bit of pressure with Netherlands 5 year bond prices down 1% on a day when Germany has rallied.

France is seeing a full blown run on its debt, with France 30 year bond yields soaring to 4.43%, the highest since June 2009 (German 30 year bond yields are at record lows of 2.45%). In price terms, 30 year French bonds have underperformed 30 year German bonds by 14% since the beginning of November and by 20% since the beginning of October.

http://www.guardian.co.uk/business/blog/2011/nov/15/eurozone-crisis-gdp-germany-france-italy#block-36

[Pedronicus]

What a joke! - The new Italian PM, Greek PM and ECB governor all have a history with Goldman Sachs either as adviser to or working for them.

[spurgistan]

I wonder whether they'll favor financiers or taxpayers?

[Lootifer]

I wonder whether they'll favor financiers or taxpayers?

There's tax payers in Greece? I thought it was just tax payees.

[Pedronicus]

http://www.youtube.com/watch?v=bdob6QRLRJU&feature=player_embedded

[Pedronicus]

Click image to enlarge.

[jay_a2j]

Man, to those of us in the know it is amazing that these things are unraveling in our lifetime! Global financial crises will lead to a global currency and the NEW WORLD ORDER!



(This is being done on purpose folks.... comply or die) I choose the later.

[notyou2]

Wow.

[saxitoxin]

DATELINE: TODAY
THREAT LEVEL:11:49PM

British embassies are urgently making contingency plans for "mass disorder", "widespread civil unrest" and "bank runs on a scale unparalleled in human history" on the continent in the event of the imminent collapse of the EU.

http://publicintelligence.net/u-k-embas ... e-of-euro/

[nietzsche]

for real?

for the average economically ignorant mexican, what does a EU collapse will mean? do i have to buy gold and bottled water?