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Germany Goes For The Smackdown

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http://ftalphaville.ft.com/blog/2010/05/19/236066/germanys-plan-to-deal-with-budget-transgressors/

Forget the short-selling ban, Germany’s plan to tackle budget transgressors (as outlined in Wednesday’s Handelsblatt), is what we should be REALLY worried about, according to RBS.

Before we get to that, here are the highlights of the draft document as seen by the paper:

1. Failing to comply with deficit reduction means temporary loss of EU Structural Funds.

2. Possible irrevocable loss of EU Structural Funds.

3. For serious budget failure voting rights in the European Council could be withdrawn.

4. As a last resort, a managed insolvency proceeding for bankrupt states.

The Daleks have nothing on Merkin.

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Well done Angela, that's more like it!

I was shocked that she'd allowed Sarkozy to browbeat her last week, this is a bit more like it.

Go the Germans, someone has to show the rest of the world how to manage a currency. I suspect they may end up on their own though.....

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It pisses me off when you hear newspapers repeating the mantra that stopping out right gambling on real assets/countries is somehow beneficial to that item, rather than method of making money for the volatility is results in.

Today its panic on the markets, euro to crash on the naked short selling ban, when in actual fact the Euro is up. any instability will be a short term result of those gamblers panicking and attempting to undo their positions.

They also come out with the same threats ' threatening the future of Frankfurt as a financial centre' as they try on with the UK. Well, if all finance centres did the same the only people to suffer would be leeches who run the casino's.

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I agree Peter - hit the City spivs where it hurts. And hard.

It's PR pure and simple. With the mainstream media supporting the City establishment, as per usual. Bugger them.

Edited by gruffydd

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Looks like Merkel and the banksters finally succeeded where Hitler and the Wehrmacht failed.... and all without firing even a single shot, just by using financial instruments. :ph34r:

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Luckily, the German proposals are not a fait accompli, and will be presented to a EU working group on 21st May. The hope for markets is that Europe decides against the exit clause on reflection of its unintended consequences but clearly there is much to play for and investors to watch.

How the French behave at the 'working group'* meeting might tell us if the French bankers rip-off of the bail out package was pre-arranged by Ange.& co ('I'll react accordingly afterwards to save my neck') -, or not.

I'll go for stage management every time.

*Non-working is the norm? :unsure:

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Looks like Merkel and the banksters finally succeeded where Hitler and the Wehrmacht failed.... and all without firing even a single shot, just by using financial instruments. :ph34r:

Have they succeeded? It's only on paper at the moment.

Personally I can't see the Greeks or the Italians signing up to this...dunno about the other 25 or so...

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They also come out with the same threats ' threatening the future of Frankfurt as a financial centre' as they try on with the UK.

A teenager makes silly threats about bombs to his mates online- and gets busted by the cops- the banksters make credible threats to take down our civil society and get billion pound payoffs.

So who is really running the world?

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They also come out with the same threats ' threatening the future of Frankfurt as a financial centre' as they try on with the UK. Well, if all finance centres did the same the only people to suffer would be leeches who run the casino's.

quite so. a case of:

peacock.jpg?w=360&h=270

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A teenager makes silly threats about bombs to his mates online- and gets busted by the cops- the banksters make credible threats to take down our civil society and get billion pound payoffs.

So who is really running the world?

Economic reality is running the World.

:blink:

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It wouldn't matter if she impaled G-Pap on Kaiser Wilhelm's Helmet, the German people are not going to buy into it...

and why should they ?

ever get the feeling we are the germans and the greeks are the deluded sellers ?

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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