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Europe Is Warned To Stop Making Stuff Up And Delaying By.... Europe?

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 21 Oct 11 7:08 PM | 50 view(s)
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LOL Sounds just like our gumpyment..... Cheesy Grin

Submitted by Tyler Durden on 10/21/2011 - 08:44 Belgium Bond European Central Bank France Germany International Monetary Fund

It is time for our first semi-surreal news of the day (full blown will be any headline out of Europe that things will be ok). Per Bloomberg, Europe is living “on borrowed time,” according to Sharon Bowles, chairwoman of the European Parliament’s economic and monetary affairs committee. "The next time leaders meet there has to be progress on all key elements,” Bowles said at the AFME European Government Bond Conference in Brussels. Euro bonds are probably more “a medium and long-term issue” rather than an immediate solution, she said. They may be easier to implement “when better times are restored,” she said. Which is funny, because the WSJ just reported that "Europe's efforts to deliver a comprehensive plan to resolve the euro-zone debt crisis were in danger of unraveling ... as disagreement between Germany and France over virtually every point." Additionally, the only calculator in Europe's possession appears to have made it to Belgium and Spain, both of which have made loud noises demanding that the ECB play a major role in the EFSF, considering that both countries are also now virtually locked out of the debt markets and hence insolvent. But if there is one thing everyone in Europe agrees on, it is that America has to bail it out. Again from Bloomberg, "Euro region leaders must talk to the International Monetary Fund to discuss its involvement in European Financial Stability Facility operations and can’t take any decisions on the subject at an Oct. 26 summit, a German government official said in Berlin today, speaking on condition of anonymity." Sorry American taxpayers, if you thought your tax dollars would be limited to only funding US banker bonuses...you were wrong.

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http://www.zerohedge.com/news/europe-warned-stop-making-stuff-and-delaying-europe




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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