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EU Needs 130bn Euro Growth Package: Italy PM

 
futuremaverick
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User ID: 10097942
United Kingdom
06/22/2012 11:00 AM

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EU Needs 130bn Euro Growth Package: Italy PM
[link to news.sky.com]

Damnnnnnnnn

Germany, France, Italy and Spain have agreed the European Union should adopt a series of growth measures worth about 130bn euros to boost economies, Italian Prime Minister Mario Monti said.
Surely it's time?
futuremaverick (OP)

User ID: 10097942
United Kingdom
06/22/2012 11:01 AM

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Re: EU Needs 130bn Euro Growth Package: Italy PM
bump
Surely it's time?
futuremaverick (OP)

User ID: 10097942
United Kingdom
06/22/2012 11:03 AM

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Re: EU Needs 130bn Euro Growth Package: Italy PM
bump
Surely it's time?
futuremaverick (OP)

User ID: 10097942
United Kingdom
06/22/2012 11:24 AM

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Re: EU Needs 130bn Euro Growth Package: Italy PM
Thank you for the PIN

hf
Surely it's time?
Anonymous Coward
User ID: 1485357
Mexico
06/22/2012 11:26 AM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
Try this : EU needs like $1-2 trillion to bail out their banks !!

whatever
futuremaverick (OP)

User ID: 10097942
United Kingdom
06/22/2012 11:27 AM

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Re: EU Needs 130bn Euro Growth Package: Italy PM
Try this : EU needs like $1-2 trillion to bail out their banks !!

whatever
 Quoting: Anonymous Coward 1485357


That's probably more like it.

Bad bad times ahead....

peace
Surely it's time?
Anonymous Coward
User ID: 6089715
United States
06/22/2012 11:32 AM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
That won't even refund the Spanish banks...

Europe needs TRILLIONS just to stay above water, and if they try to print that much, you'll need wheelbarrows full of money to buy a loaf of bread, like Weimar Germany in the early 30's.

How did that work out?

"If you outlays exceed your income, your upkeep will be your undoing"- PAUL HARVEY
futuremaverick (OP)

User ID: 10097942
United Kingdom
06/22/2012 11:33 AM

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Re: EU Needs 130bn Euro Growth Package: Italy PM
That won't even refund the Spanish banks...

Europe needs TRILLIONS just to stay above water, and if they try to print that much, you'll need wheelbarrows full of money to buy a loaf of bread, like Weimar Germany in the early 30's.

How did that work out?

"If you outlays exceed your income, your upkeep will be your undoing"- PAUL HARVEY
 Quoting: Anonymous Coward 6089715


When this all started kicking off I remembered that image from my school days of the wheel barrow full of money.

Yeah, we are way past help..... I can only see this going one way
Surely it's time?
Anonymous Coward
User ID: 18389239
Italy
06/22/2012 11:59 AM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
It works out like this . The Italian debt is about 2000 billions or 2 trillions .
Only the interest is 70 or 80 billions every year .
To pay the 2000 billions paying every year 100 billions and the interest of 70 /80 billions it would take 20 Years of recession !
I suggest that the debt is UNPAYABLE and Italy should declare bankruptcy , nationalize the banks , send the bank managers in jail , and tell the BCE , IMF and assorted parasites to F@@@ OFF .
But Italian are know to be pussies and haven't got the guts to tell the banksters to take a ride or the Vatican and the pedophiiles to go and screw themselves .
Anonymous Coward
User ID: 17927576
06/22/2012 12:52 PM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
Who is the debt owed too ???

Who actualy had that money in real assets to loan America and Europe ??

Im angry at this,most people have no clue whats going on.
Anonymous Coward
User ID: 18405413
Germany
06/22/2012 01:15 PM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
[link to news.sky.com]

Damnnnnnnnn

Germany, France, Italy and Spain have agreed the European Union should adopt a series of growth measures worth about 130bn euros to boost economies, Italian Prime Minister Mario Monti said.
 Quoting: futuremaverick


One such "growth measure" is another tax: the Tobin tax. Another "growth measure" is to keep overindebted countries locked into an overvalued currency, which prevents them from ever becoming competitive. Another "growth measure" is the promise to hand out over €100bln, so that the same people who brought us all to ruin can continue on the same path.

Sickening.
Anonymous Coward
User ID: 18405413
Germany
06/22/2012 01:20 PM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
It works out like this . The Italian debt is about 2000 billions or 2 trillions .
Only the interest is 70 or 80 billions every year .
To pay the 2000 billions paying every year 100 billions and the interest of 70 /80 billions it would take 20 Years of recession !
I suggest that the debt is UNPAYABLE and Italy should declare bankruptcy , nationalize the banks , send the bank managers in jail , and tell the BCE , IMF and assorted parasites to F@@@ OFF .
But Italian are know to be pussies and haven't got the guts to tell the banksters to take a ride or the Vatican and the pedophiiles to go and screw themselves .
 Quoting: Anonymous Coward 18389239



The debt was run up by politicians. Bankers also do what politicians allow them to do.

And politicians are voted into office by the people.

The people, though, really don´t have any choice with this system: the politicians are always the same and, once elected, can do anything they want.
Chrit

User ID: 15366081
United States
06/22/2012 02:12 PM

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Re: EU Needs 130bn Euro Growth Package: Italy PM
Who is the debt owed too ???

Who actualy had that money in real assets to loan America and Europe ??

Im angry at this,most people have no clue whats going on.
 Quoting: Anonymous Coward 17927576


[link to en.wikipedia.org]
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Anonymous Coward
User ID: 18403955
Portugal
06/22/2012 03:30 PM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
The question is not the amount of money they provide. The question is how we spend it...

Portugal can build a TGV with that money, but it only improves German economy because we buy all the tecnology required from Germany.

The money has to be spend as it is an industrialization program! We need industries! We need production!
Anonymous Coward
User ID: 331367
Austria
06/22/2012 04:14 PM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
That won't even refund the Spanish banks...

Europe needs TRILLIONS just to stay above water, and if they try to print that much, you'll need wheelbarrows full of money to buy a loaf of bread, like Weimar Germany in the early 30's.

How did that work out?

"If you outlays exceed your income, your upkeep will be your undoing"- PAUL HARVEY
 Quoting: Anonymous Coward 6089715


"A robbery" back then was when they stole the wheelbarrow and left the victim with the cash.
Anonymous Coward
User ID: 17984819
Spain
06/22/2012 04:30 PM
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Re: EU Needs 130bn Euro Growth Package: Italy PM
Who is the debt owed too ???

Who actualy had that money in real assets to loan America and Europe ??

Im angry at this,most people have no clue whats going on.
 Quoting: Anonymous Coward 17927576


They owe it to each other and just keep bloody borrowing from 'X' just to pay 'X' the interest they owe! Totally absurd situation.

There's no way I could go to my bank and say I can't pay my mortgage this month so please lend me enough so I can.

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