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STOP The Music.....Euro Bailout Cracks Emerge....Greece "Just Says No"
Ms Sans Serif
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[quote:Anonymous Coward 368724:MV8xNjg0NzAyXzI3ODQxNTUzXzcxMUYyOUMy] [quote:Revbo™:MV8xNjg0NzAyXzI3ODQxMTc3XzQzNEQyNzg1] YAAAAAAAAAAAAAAAYYYYYYYYYY! Doom back on and the glorious return of Beavis and Butthead, all in one night! I think I'm becoming aroused. [/quote] :lol: This package will be accepted by the Greeks whether every last Greek man and woman is against it or not. Sorry people but no doom. ZH constantly cries doom I thought you would all get sick of it by now. Maybe doom in 9 years with the euro, or a tiny bit of doom when Italy, Portugal, Spain and Ireland all go through something similar. But the Euro will stay intact just fine. Even the Americans want a strong Euro and weak dollar. [/quote]
Euro Bailout Cracks Emerge; Greece "Just Says No"
ZH: When reporting on the announcement of the math-free deus ex machina bail out that was announced last night, which nobody still has any grasp over, but it had a "trillion" in there somewhere so that alone sent the market scurrying, we suggested that it would take about 24-48 hours for reality to start settling in. It may have been considerably less.
As the Telegraph reports,
A trillion euro bail-out to save the EU’s single currency is in danger of unraveling after Germany’s central bank warned that the rescue measure was too dependent on the high-risk deals that caused the economic crisis.
link to www.telegraph.co.uk
But perhaps what is the worst news of the day is that Greece, the country which this whole shebang is supposed to make better, threw up violently all over the "rescue":
Greek opposition parties to the Left and Right united to condemn the eurozone deal amid mounting social conflict. Antonis Samaras, the conservative opposition leader, said: “We are not closer to the solution but are faced with nine years of collapse and poverty.”
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