interestrateripoff Posted August 5, 2011 Share Posted August 5, 2011 http://www.telegraph.co.uk/finance/financialcrisis/8685074/Silvio-Berlusconi-announces-G7-to-meet-within-days.html Italian Premier Silvio Berlusconi has announced that G7 finance ministers will meet "within days" of the exploding financial crisis, saying he had conferred with world leaders. Berlusconi said he was expecting a phone call later today from President Barack Obama about the global economic woes. Italy also pledged to work for a constitutional amendment requiring the government to balance its budget, as Rome feverishly tries to assure domestic and foreign investors its finances are sound and calm a nervous market. Finance Minister Giulio Tremonti also told a hastily convened news conference Friday night that Italy, aims to balance its budget in 2013, a year before previously scheduled. Italy's borrowing costs rose above Spain's for the first time in more than a year, pushing European leaders to interrupt their vacations and look for a response to deepening fears about the health of the eurozone's No. 3 economy. Nothing like a bit of panic. Clearly this meeting will settle the nerves of the bond vigilantes and restore order and confidence that debt is indeed wealth. Quote Link to comment Share on other sites More sharing options...
Tartaglia Posted August 5, 2011 Share Posted August 5, 2011 Don't panic Mr Mainwaring! Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 5, 2011 Author Share Posted August 5, 2011 http://www.dailymail.co.uk/news/article-2022347/Hague-holds-crisis-meeting-economy-150bn-wiped-value-FTSE-just-week.html Hague holds crisis meeting over economy as £150bn is wiped off value of the FTSE in just a week Meeting described as a 'stock take' by Downing Street FTSE 100 index of leading shares closes down 2.71% Initial positive response to news that U.S. employment rose by 117,000 is quickly countered by more losses Cameron, Osborne and Clegg remain on holiday despite one of FTSE's worst-ever weeks Asian markets in turmoil in response to global crisis Former EU boss blames weak leadership for crisis RBS announces pre-tax loss of £794m Don't panic! Don't panic! It seems like the politicians want to give the impression they are in control. It's time to panic. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted August 5, 2011 Share Posted August 5, 2011 Yes, it will work for around what 3 days this time? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted August 5, 2011 Share Posted August 5, 2011 (edited) I thought they were all on their hols? I can't wait for the 'we've fixed the problem speech' . Much like Brown's I've saved the world. Edited August 5, 2011 by Ash4781 Quote Link to comment Share on other sites More sharing options...
169995 Posted August 5, 2011 Share Posted August 5, 2011 Yes, it will work for around what 3 days this time? Thanks interestrateripoff a new kind of post from you , should you not quote Zerohedge at some point , Have you ever considered an individual thought ? Just asking. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 5, 2011 Author Share Posted August 5, 2011 Thanks interestrateripoff a new kind of post from you , should you not quote Zerohedge at some point , Have you ever considered an individual thought ? Just asking. When/if Zerohedge post about the meeting I'll make sure I post it here just for you. That OK? Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted August 6, 2011 Share Posted August 6, 2011 Berlusconi said he was expecting a phone call later today from President Barack Obama about the global economic woes. That'll be Barack phoning Silvio for advice. Quote Link to comment Share on other sites More sharing options...
The Eagle Posted August 6, 2011 Share Posted August 6, 2011 There is a G7 phone meeting going on today between the finance ministers and the central banksters, so Berlusconi certainly wasn't talking out of his ar$e. Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted August 6, 2011 Share Posted August 6, 2011 That'll be Barack phoning Silvio for advice. Advice on what? The best hookers in Italy? The best hair dye brand? Quote Link to comment Share on other sites More sharing options...
erranta Posted August 6, 2011 Share Posted August 6, 2011 (edited) Thanks interestrateripoff a new kind of post from you , should you not quote Zerohedge at some point , Have you ever considered an individual thought ? Just asking. Posts: 26,540 (nearly 10,000 per annum) He or it is 'manning' it's post (could be an auto-spamming Govt propaganda software prog) off=666 Edited August 6, 2011 by erranta Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted August 6, 2011 Share Posted August 6, 2011 http://www.telegraph.co.uk/finance/financialcrisis/8685074/Silvio-Berlusconi-announces-G7-to-meet-within-days.html Nothing like a bit of panic. Clearly this meeting will settle the nerves of the bond vigilantes and restore order and confidence that debt is indeed wealth. Has Sir Richard phoned Downing Street yet demanding they do something? Quote Link to comment Share on other sites More sharing options...
'Bart' Posted August 6, 2011 Share Posted August 6, 2011 Don't panic Mr Mainwaring! From "Lock, Stock and Two Smoking Barrels". SOAP: Don't panic. Let's think about this. ED: No, **** that. You can think about it. I am panicking and I'm off. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 6, 2011 Author Share Posted August 6, 2011 http://uk.reuters.com/article/2011/08/06/uk-crisis-g-idUKTRE7751CV20110806 Finance ministers and central bankers of the Group of Seven major industrialised nations will confer by telephone on turmoil in the financial markets later on Saturday or on Sunday, a senior European diplomatic source said. Yes it's an emergency but they may talk today or they may talk tomorrow... Quote Link to comment Share on other sites More sharing options...
The Eagle Posted August 6, 2011 Share Posted August 6, 2011 Posts: 26,540 (nearly 10,000 per annum) He or it is 'manning' it's post (could be an auto-spamming Govt propaganda software prog) off=666 I wonder if he/she/it gets paid for this, maybe by Fubra to keep the site alive with new threads? Quote Link to comment Share on other sites More sharing options...
Guest spp Posted August 6, 2011 Share Posted August 6, 2011 (edited) It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden -Zerohedge Edited August 6, 2011 by spp Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 6, 2011 Author Share Posted August 6, 2011 I wonder if he/she/it gets paid for this, maybe by Fubra to keep the site alive with new threads? I wish I'd be quids in. Quote Link to comment Share on other sites More sharing options...
'Bart' Posted August 6, 2011 Share Posted August 6, 2011 It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden -Zerohedge http://www.youtube.com/watch?v=IUH3JQjcweM Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 6, 2011 Share Posted August 6, 2011 Der Spiegel is reporting that German Govt thinks Italy is too big to save. Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted August 6, 2011 Share Posted August 6, 2011 Advice on what? The best hookers in Italy? The best hair dye brand? Advice on Bunga-Bunga Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 6, 2011 Author Share Posted August 6, 2011 Advice on Bunga-Bunga To be fair that would probably be a far more interesting call. Perhaps he's shared Ruby's number? Quote Link to comment Share on other sites More sharing options...
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