it will start in Europe

i agree with you..the american sheeple will believe it was europe only if the MSM says it so.

i've even heard people at work blaming all the financial woes on europe because CNN said it so that day, even though they don't even know the USA is fucked too.

really.

tnx , needed that doom-inject !

People I really dont know.. things seem really bad here, both in numbers and in the real life. The unemployment hit new highs during the summer, today it is the first day of a 23% price increase in the food and drink products (indirect tax), we expect new direct taxes within 2 months and the wages and pensions have been cut, even to those who recieve the lowest ones.
And with all these, the deficit is growning and the forecasts show no stabilizing for the future. How is this possible i really cant tell.



As for the collateral Finland asks from Greece imagine how it is, it is used with the banks and the companies but not with whole countries. So, we might find ourselves "sold" in Finland because of our debths. Maybe in the future this country will have the greek population living and working for foreign bosses who will rule the country politically and economically, I mean in clear daylight.

People I really dont know.. things seem really bad here, both in numbers and in the real life. The unemployment hit new highs during the summer, today it is the first day of a 23% price increase in the food and drink products (indirect tax), we expect new direct taxes within 2 months and the wages and pensions have been cut, even to those who recieve the lowest ones.
And with all these, the deficit is growning and the forecasts show no stabilizing for the future. How is this possible i really cant tell.



As for the collateral Finland asks from Greece imagine how it is, it is used with the banks and the companies but not with whole countries. So, we might find ourselves "sold" in Finland because of our debths. Maybe in the future this country will have the greek population living and working for foreign bosses who will rule the country politically and economically, I mean in clear daylight.

People I really dont know.. things seem really bad here, both in numbers and in the real life. The unemployment hit new highs during the summer, today it is the first day of a 23% price increase in the food and drink products (indirect tax), we expect new direct taxes within 2 months and the wages and pensions have been cut, even to those who recieve the lowest ones.
And with all these, the deficit is growning and the forecasts show no stabilizing for the future. How is this possible i really cant tell.



As for the collateral Finland asks from Greece imagine how it is, it is used with the banks and the companies but not with whole countries. So, we might find ourselves "sold" in Finland because of our debths. Maybe in the future this country will have the greek population living and working for foreign bosses who will rule the country politically and economically, I mean in clear daylight.

This will solve Europe's major problem: It's full of Europeans.

DAMN! 23% !! I guess , they waited just right after summerseason , sparing tourists.

How can it start in Europe, when this was all started by the corrupt American bankers a few years back. We are all still rebounding/failing to rebound from that.

Yep! The only thing that increased in good numbers this summer was the tourism (or so we are told).

People I really dont know.. things seem really bad here, both in numbers and in the real life. The unemployment hit new highs during the summer, today it is the first day of a 23% price increase in the food and drink products (indirect tax), we expect new direct taxes within 2 months and the wages and pensions have been cut, even to those who recieve the lowest ones.
And with all these, the deficit is growning and the forecasts show no stabilizing for the future. How is this possible i really cant tell.



As for the collateral Finland asks from Greece imagine how it is, it is used with the banks and the companies but not with whole countries. So, we might find ourselves "sold" in Finland because of our debths. Maybe in the future this country will have the greek population living and working for foreign bosses who will rule the country politically and economically, I mean in clear daylight.

so now they tax the one thing that grew?

IMO they dont know what they are doing or.. there is a plan I dont understand. Keep in mind that all these measures are planned along with the european community (we have a committee of 3 men who come and go and plan and check).

The US wants it to start in Europe. That way they can blame us for their own downfall!

People it will start in Europe

Source
[link to www.europeanvoice.com]

Less than 50%

There was more to come. As the end of August approached, just as the markets were beginning to calm down, another problem emerged. This time it was back to the politics of the 21 July agreement.
A bilateral deal was struck that would see Finland receive collateral from Greece in return for its participation in the bail-out. Despite this being expressly permitted in the conclusions of the summit (and indeed it was a deal-breaker for the Finns), it did not go down well with other governments, some of whom said that if Finland could get such an arrangement then so should they.
Moody's, a credit-rating agency, wearily warned that “if more and more of the rescuing countries end up making collateral demands, Greece will not be able to fully meet them, thus jeopardising the rescue plan”. Now it looks as if other member states will block the move anyway.
The summit on 21 July was supposed to be the beginning of the end of the crisis. Measures hitherto considered taboo because of political sensitivities were finally agreed upon and the mood was positive. But the events of the past six weeks have demonstrated that politicians have still not got a grip on this crisis. Analysts are still talking about the need to double or treble the size of the European Financial Stability Facility and urging the introduction of eurobonds just as they were before.
A lack of decisiveness, plain-speaking, courage and co-ordination immediately before and during the summer break has left the eurozone looking as vulnerable as ever.




Source

[link to www.voxeu.org]

Less than 50%

In this crisis, Eurozone leaders’ motto seems to be “too little too late”.
They got it badly wrong the first weekend in May 2010.
Having announced that they had saved Greece, financial markets said “not good enough”. The next weekend they came up with a more substantial plan, but even this proved to be too little too late.
After months of living in denial, Eurozone leaders finally recognised that Greece was not going to be able to restart borrowing on its own. They came up with another plan. On 21 July 2011, they got it badly wrong again. Financial markets are again said “not good enough”.
On August 16 Chancellor Merkel and President Sarkozy held a widely-trumpeted “summit” to announce decisions that were either irrelevant or misguided. Stock markets around the world said “not gooOd enough”. Even more ominously, the interbank market is seizing up, as it did in 2007 on the way to the Lehman disaster.




I always thought this “shell game” the world is playing with would start here in the states but the more I learn the more I read I feel it will start in Europe. One of the things all most all analysis say is “ just one major disaster ..one major hic up” and boom down it goes.

The system was designed to fail ....

op, what is your avatar?

There's your problem, you assume you have people with working braincells! You bet they will blame us and the sheeple in the US will believe it!

People I really dont know.. things seem really bad here, both in numbers and in the real life. The unemployment hit new highs during the summer, today it is the first day of a 23% price increase in the food and drink products (indirect tax), we expect new direct taxes within 2 months and the wages and pensions have been cut, even to those who recieve the lowest ones.
And with all these, the deficit is growning and the forecasts show no stabilizing for the future. How is this possible i really cant tell.



As for the collateral Finland asks from Greece imagine how it is, it is used with the banks and the companies but not with whole countries. So, we might find ourselves "sold" in Finland because of our debths. Maybe in the future this country will have the greek population living and working for foreign bosses who will rule the country politically and economically, I mean in clear daylight.

People I really dont know.. things seem really bad here, both in numbers and in the real life. The unemployment hit new highs during the summer, today it is the first day of a 23% price increase in the food and drink products (indirect tax), we expect new direct taxes within 2 months and the wages and pensions have been cut, even to those who recieve the lowest ones.
And with all these, the deficit is growning and the forecasts show no stabilizing for the future. How is this possible i really cant tell.



As for the collateral Finland asks from Greece imagine how it is, it is used with the banks and the companies but not with whole countries. So, we might find ourselves "sold" in Finland because of our debths. Maybe in the future this country will have the greek population living and working for foreign bosses who will rule the country politically and economically, I mean in clear daylight.

Finland is doing right. I'm done with Greeks.
Greece buys Gold: Reserves worth 3.7 billion

Greece has increased its Gold reserves in May - a total of nearly 3.6 million ounces. Multiple times it had been proposed that Greece should sell its Gold reserves in order to get the budget back under control. The opposite has happened - they buy even more!!! Nevertheless the next EU aid package is on track.

According to the IMF, the country has 111.46 tonnes of Gold. The value is currently about 3.7 billion Euros.
Nothing on MSM about that, right?

Sources:
[link to translate.google.com]

[link to akivoegwerner.wordpress.com]

The main problem my friend is not the citizens but greed bankers and politicians who have used
to do too easy decisions. If you are personally in trouble i will help you - but in this case when Creece do not
have money to pay its debts to bankers in Germany and French, bankers are very worried and they want everybody to send money to Creece so your government could pay next payments to them and they could still get their profits.
Second problem is that Finnish goverment don`t have that extra couple of billion to send Creece so they have to
loan it from the same bankers. Bankers get`s their double profits -everybody else get`s shit to the fan.
Finnish financial minister has promised that Finland is not going to give free money to anybody anymore, so
she has a lot of pressures, because she knows bankers are not giving her real collaterals so she ask them from
Creece. Collaterals show is just a sign that European system do not work

People it will start in Europe

Source
[link to www.europeanvoice.com]

Less than 50%

There was more to come. As the end of August approached, just as the markets were beginning to calm down, another problem emerged. This time it was back to the politics of the 21 July agreement.
A bilateral deal was struck that would see Finland receive collateral from Greece in return for its participation in the bail-out. Despite this being expressly permitted in the conclusions of the summit (and indeed it was a deal-breaker for the Finns), it did not go down well with other governments, some of whom said that if Finland could get such an arrangement then so should they.
Moody's, a credit-rating agency, wearily warned that “if more and more of the rescuing countries end up making collateral demands, Greece will not be able to fully meet them, thus jeopardising the rescue plan”. Now it looks as if other member states will block the move anyway.
The summit on 21 July was supposed to be the beginning of the end of the crisis. Measures hitherto considered taboo because of political sensitivities were finally agreed upon and the mood was positive. But the events of the past six weeks have demonstrated that politicians have still not got a grip on this crisis. Analysts are still talking about the need to double or treble the size of the European Financial Stability Facility and urging the introduction of eurobonds just as they were before.
A lack of decisiveness, plain-speaking, courage and co-ordination immediately before and during the summer break has left the eurozone looking as vulnerable as ever.




Source

[link to www.voxeu.org]

Less than 50%

In this crisis, Eurozone leaders’ motto seems to be “too little too late”.
They got it badly wrong the first weekend in May 2010.
Having announced that they had saved Greece, financial markets said “not good enough”. The next weekend they came up with a more substantial plan, but even this proved to be too little too late.
After months of living in denial, Eurozone leaders finally recognised that Greece was not going to be able to restart borrowing on its own. They came up with another plan. On 21 July 2011, they got it badly wrong again. Financial markets are again said “not good enough”.
On August 16 Chancellor Merkel and President Sarkozy held a widely-trumpeted “summit” to announce decisions that were either irrelevant or misguided. Stock markets around the world said “not good enough”. Even more ominously, the interbank market is seizing up, as it did in 2007 on the way to the Lehman disaster.




I always thought this “shell game” the world is playing with would start here in the states but the more I learn the more I read I feel it will start in Europe. One of the things all most all analysis say is “ just one major disaster ..one major hic up” and boom down it goes.