EvilEdna

What a ******ing idiot

Italy now rated the same as Ireland

Well it's either brinkmanship or a genuine problem. I actually suspect the latter this time.

That's because it is

Quite, you can't be naive enough to expect someone in her position to actually tell the truth surely? Notice though that she picks her words very carefully when asked about Greece: Journo: "Will Greece quit the euro zone in 2012?" C.L.: "The euro partners have affirmed, reaffirmed their determination. We can only support that." In other words: Yes.

Agree

That means "Mummy" in Danish - exactly how I feel.

Now you mention it :-)

In case it's of interest to anyone: Fitch Ratings-London-14 December 2011: Fitch Ratings has downgraded Denmark-based Danske Bank's (Danske) Long-term Issuer Default Rating (IDR) to 'A' from 'A+' and its Viability rating to 'a' from 'a+'. The Outlook for the Long-term IDR is Negative.

If it turns out we're going to try to print our way out of the crisis and inflation picks up still further could this conceivably make housing an attractive asset class? Genuine question

In the real world an article like this is all about getting the last mugs on to the bandwagon before the whole thing goes tits up. But in our fantasy economy with money printing and zero interest rates I'm not expecting significant nominal falls.

http://www.telegraph.co.uk/finance/financialcrisis/8947473/UK-households-wealthier-than-Germanys-says-UBS.html "Some observers' view that the UK households are financially reckless with debt levels of more than 100pc of GDP, compared with Germany's 60pc, could present a false reading as the debt (which includes mortgages) could actually contribute to wealth in the long-term." Buy a house they said, secure your retirement, they said, house prices can only go up, they said... :angry: Edited for clarity.

Very easy to outsource as well

I just don't see where they get this ten-day thing from. Greece has received another tranche of bailout funds so no-one is going to go bust in the next ten days, no matter how difficult countries find it to sell their bonds.

Gaaah they come across quite badly don't they.

Surprise - hah, then you're in for a regular shock or two in the coming months. Edit: Inability to spell

That's what I did, they haven't caught me yet.

Quite, worn out and depressed. It's all so expletive predictable.

Sod that, what's the best way of shooting yourself in the foot?

I think that just says that this is very difficult for them to force through, and that they have to find some form of words that will give it an appearance of respectability. I see it as the thin end of the wedge. No-one's defined "temporary" to my knowledge, and I'm not convinced temporary bond purchases are legal anyway.

I thought the ECB had already gone beyond its remit in buying PIGS bonds. 187 billion-worth to date. Printing is the only option.

You bet it is. You know whose holding all the Italian debt don't you :-) http://graphics.thomsonreuters.com/11/07/EZ_BNKEXP0711_SB.html

Quite - I can't see this working.

Ouch - time to fire the ECB presses.

Okay, so your not in favour of experts or politicians making these decisions. Who does that leave then...?