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Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'

 
S4mus
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08/17/2012 03:36 AM
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Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
just in:

Finland preparing for euro breakup

Finnish foreign minister says: 'We have to face openly the possibility of a euro breakup'

also in german
[link to www.spiegel.de]

fuck yeah! thanks Finland! everyone else just talks BS!
S4mus (OP)

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08/17/2012 03:37 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
linky Link:

[link to www.telegraph.co.uk]
Anonymous Coward
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08/17/2012 03:38 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
banana2
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08/17/2012 03:39 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
Anonymous Coward
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08/17/2012 03:39 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
Finnish foreign minister says: 'We have to face openly the possibility of a euro breakup'
 Quoting: S4mus


they don't HAVE to, they could be just lalalalalala like everybody else!!!
Anonymous Coward
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08/17/2012 03:40 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
 Quoting: S4mus


If Merkel the Mirkin says it though, then its DOOOOM damned
Anonymous Coward
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08/17/2012 03:42 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
Not sure that statement means much.

What can they do to prepare anyway? Get out of all Euro denominated investments, projects, etc.--Unlink their own currency from the Euro? Can't do that until the SHTF, since Germany is the real EZ powerhouse, not Finland.

I'm just asking here. Any insights?
S4mus (OP)

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08/17/2012 03:43 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
 Quoting: S4mus


If Merkel the Mirkin says it though, then its DOOOOM damned
 Quoting: Anonymous Coward 21662845


she will not, as she will be blamed to caused it just by saying the words. So since finland is small they can say the truth without getting the blame.
S4mus (OP)

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08/17/2012 03:46 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
Anonymous Coward
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08/17/2012 03:48 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
 Quoting: S4mus


If Merkel the Mirkin says it though, then its DOOOOM damned
 Quoting: Anonymous Coward 21662845


she will not, as she will be blamed to caused it just by saying the words. So since finland is small they can say the truth without getting the blame.
 Quoting: S4mus


So then no doom the NWO wins again gwdance
S4mus (OP)

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08/17/2012 03:48 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
thanks for my first pin!
dance dance dance
Anonymous Coward
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08/17/2012 03:50 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
 Quoting: S4mus


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
Children of the Atom

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08/17/2012 03:57 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
 Quoting: S4mus


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
 Quoting: Anonymous Coward 21662845


I disagree, I think it'll be suddenly when the news hits. And at that point, you've got your pants still down.
S4mus (OP)

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08/17/2012 04:00 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
 Quoting: S4mus


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
 Quoting: Anonymous Coward 21662845


dude! wake up there is a massive capital flight in the euro zone.

and to answer your question the reason it is going up is they are awaiting a quantitative easing by ECB and FED. It is a typical bubble history. They have hedged most of the positions so there is no risk for most traders.

also good reason is the low interest rate on government bonds its a all times low. They are going into the markets to make some money as they are leaving the bond market.
stormer

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08/17/2012 04:00 AM

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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
 Quoting: S4mus


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
 Quoting: Anonymous Coward 21662845


I disagree, I think it'll be suddenly when the news hits. And at that point, you've got your pants still down.
 Quoting: Children of the Atom


sideways
Emancipate yourselves from mental slavery - Bob Marley
Anonymous Coward
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08/17/2012 04:15 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
As a country and a financial power we're small, yes, but this is not simply about money.

Like in the case of any currency, Euro is all about the confidence in its vitality. That confidence has been all but lost. The poor financial discipline in Greece and Italy eroded a lot of that trust, but they're not the only ones to blame. As long as things were looking good, the rest of the Europe chose to turn blind eye on the reckless spending and borrowing by the troubled EU countries.

If Finland, with the only remaining AAA rating in Europe, were to break from Euro, it would send a strong signal to the markets: we have our house in order, but we don't trust the Euro anymore.

Personally I still think the Euro is a good idea - hell, I'd like to see one, common world currency. However, strong Euro would require strict budget discipline and severe cracking down on both the banks (in particular, separating the investment and commercial/retail banking sectors) and reckless national debt.

There are solutions to the Euro crisis, though. One extreme solution would be to go for Federal Europe with strict and centralized financial control that overrides national control. I have no objections to Federal Europe, but in the present political climate, with people still hanging on to the silly and outdated nation-state concept, it is simply impossible.

In a totally different approach, we can still break up the Euro in a controlled fashion, but I feel that in the long term going back to national currencies would be counterproductive. Especially in small countries like Finland, it would bring back the extreme volatility of the national currency, inflation and deeper and longer recessions like we had in 1990s.

A compromise could be that Euro is split into two separate but related currencies: primary Euro for those countries that maintain sufficient financial discipline and secondary Euro for Eurozone countries with budgetary problems.
Anonymous Coward
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Finland
08/17/2012 04:30 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
Playing game on words to distract finnish people prior to elections.

Nothing else.
Anonymous Coward
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08/17/2012 04:31 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
 Quoting: S4mus


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
 Quoting: Anonymous Coward 21662845


dude! wake up there is a massive capital flight in the euro zone.


 Quoting: S4mus


There is not and im awake!
There is not a capital flight FROM the Euro, im looking at it right now!
There is more volume than there has ever been!
Dude!
Yes I hate the idea of the Euro as well, but there is no capital flight at all.
Anonymous Coward
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Australia
08/17/2012 04:32 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
Playing game on words to distract finnish people prior to elections.

Nothing else.
 Quoting: Anonymous Coward 12024568


Hurry up and finish your sentence ffs
Anonymous Coward
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08/17/2012 04:34 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
As a country and a financial power we're small, yes, but this is not simply about money.


 Quoting: Anonymous Coward 21861151


You hate the Euro like everyone else, like I hate the Euro, and im not even in Europe.
But its not failing, this may be dis info from some NWO shill to make people complacent.
Their plan is very much on track as we speak they are not failing.
Which is why we have to fight them more.
Anonymous Coward
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Poland
08/17/2012 04:45 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
bump
Anonymous Coward
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08/17/2012 05:29 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


Finland has the strongest economy in all of Europe fool. Not to mention the hottest bitches. Just youtube Sophia Janook
S4mus (OP)

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08/17/2012 05:31 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
...


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
 Quoting: S4mus


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
 Quoting: Anonymous Coward 21662845


dude! wake up there is a massive capital flight in the euro zone.


 Quoting: S4mus


There is not and im awake!
There is not a capital flight FROM the Euro, im looking at it right now!
There is more volume than there has ever been!
Dude!
Yes I hate the idea of the Euro as well, but there is no capital flight at all.
 Quoting: Anonymous Coward 21662845


ok I apologize for the "wake up" lets discuss.
In my opinion there is a capital flight (Capital flight, in economics, occurs when assets or money rapidly flow out of a country, due to an event of economic consequence.)

here:
Spain reveals €100bn capital flight
[link to www.ft.com]

Capital flight from Italian banks reaches €270bn
[link to www.investmenteurope.net]

'Capital flight' causing trouble in Greece
[link to news.bbc.co.uk]

Euro Zone Faces Capital Flight: Currency Strategists
[link to www.cnbc.com]
Anonymous Coward
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United Kingdom
08/17/2012 05:38 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
just in:

Finland preparing for euro breakup

Finnish foreign minister says: 'We have to face openly the possibility of a euro breakup'

also in german
[link to www.spiegel.de]

fuck yeah! thanks Finland! everyone else just talks BS!
 Quoting: S4mus


Good the quicker the better.
Anonymous Coward
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08/17/2012 06:04 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
Finally someone who speaks the (OBVIOUS!) truth!!!!!

Finland über alles!
Anonymous Coward
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Australia
08/17/2012 06:10 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
No one cares about what Finland says its to small carry on s226
 Quoting: Anonymous Coward 21662845


coming from an aussie whose own country is at the arse end of the world not to mention the pussification of our ability to make our own decisions (eg. foreign policy) based on whats best for the PEOPLE, thats a bit rich.
Anonymous Coward
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08/17/2012 06:12 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
...


is that so? In mean greece is small too, but if so why is everyone talking about them? just imagine if finland would leave what is, at the moment, unlikly but this would cause a massive shockwave or even the deathblow. And yes they already made such a hint.
here:

Finland could leave the eurozone rather than pay other nations' debts, says Jutta Urpilainen

[link to www.telegraph.co.uk]
 Quoting: S4mus


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
 Quoting: Anonymous Coward 21662845


dude! wake up there is a massive capital flight in the euro zone.


 Quoting: S4mus


There is not and im awake!
There is not a capital flight FROM the Euro, im looking at it right now!
There is more volume than there has ever been!
Dude!
Yes I hate the idea of the Euro as well, but there is no capital flight at all.
 Quoting: Anonymous Coward 21662845



The issue is more complex than that...

German friend is right. But it´s too complicated to explain.
Anonymous Coward
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Germany
08/17/2012 06:20 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
...


There is still big bucks trading Euros if it was going to die you would see volume dry up to nothing before it happens all the rats will run long before.
 Quoting: Anonymous Coward 21662845


dude! wake up there is a massive capital flight in the euro zone.


 Quoting: S4mus


There is not and im awake!
There is not a capital flight FROM the Euro, im looking at it right now!
There is more volume than there has ever been!
Dude!
Yes I hate the idea of the Euro as well, but there is no capital flight at all.
 Quoting: Anonymous Coward 21662845


ok I apologize for the "wake up" lets discuss.
In my opinion there is a capital flight (Capital flight, in economics, occurs when assets or money rapidly flow out of a country, due to an event of economic consequence.)

here:
Spain reveals €100bn capital flight
[link to www.ft.com]

Capital flight from Italian banks reaches €270bn
[link to www.investmenteurope.net]

'Capital flight' causing trouble in Greece
[link to news.bbc.co.uk]

Euro Zone Faces Capital Flight: Currency Strategists
[link to www.cnbc.com]
 Quoting: S4mus


There have been some counterbalancing flows: EU Banks have repatriated funds. Some outsiders are ratcheting up assets in the eurozone on the cheap. Central banks, like the Swiss Central bank, are buying euros to sustain the exchange rate. Etc.

Nevertheless, the euro has depreciated.

To understand what is going on, it is necessary to look beyond the net effect and to the underlying dynamics.

It´s obvious that the current situation is untenable. The austerity measures are just making matters worse in half of Europe. It is just not clear what exactly will happen next.

Will the euro remain with the core countries? will Germany and Finland leave? Will they print euros to monetize the debt?

Patience is wearing thin. If they delay any longer, it is very likely that capital flight from the euro will accelerate, while the counterbalancing interventions will become less effective or stop altogether.
Anonymous Coward
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Finland
08/17/2012 06:21 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
Don't get too excited. Our foreign minister is notorious for giving statements that are later on watered down because of the demands of money makers. Actually he already said on national newspaper that he was 'misquoted' and just 'stated the obvious' .. he's gonna give another statement within an hour. Which will be some bullshit about how we actually support the euro 100%.. just like our minister for foreign affairs (Alexander Stubb) told to Reuters, to underline that Tuomioja's (the foreign minister) statement is not the official opinion of the Finnish government.

Stubb is a filthy rich swedish speaking finnish, so it's obvious he takes the side of the bankers, companies and other money makers..

Stubb also made an obvious lie that the True Finns party is supporting the euro and euro zone.
Anonymous Coward
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Germany
08/17/2012 06:32 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
Don't get too excited. Our foreign minister is notorious for giving statements that are later on watered down because of the demands of money makers. Actually he already said on national newspaper that he was 'misquoted' and just 'stated the obvious' .. he's gonna give another statement within an hour. Which will be some bullshit about how we actually support the euro 100%.. just like our minister for foreign affairs (Alexander Stubb) told to Reuters, to underline that Tuomioja's (the foreign minister) statement is not the official opinion of the Finnish government.

Stubb is a filthy rich swedish speaking finnish, so it's obvious he takes the side of the bankers, companies and other money makers..

Stubb also made an obvious lie that the True Finns party is supporting the euro and euro zone.
 Quoting: Anonymous Coward 21040611


Oh, boy... where are the Vikings when you need them!
Anonymous Coward
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Finland
08/17/2012 06:55 AM
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Re: Finnish foreign minister: 'We have to face openly the possibility of a euro breakup'
And what comes to our size and role in the European (monetary) Union:

We HAD a strong economy which was going very nicely after the 1990's recession. That's why we were chosen to join, to pay the fuck ups of the leading countries (Germany, France, Italy and UK, who uses his own currency to keep at the clear waters, but still takes all the benefits of the EU money).

For Creek, we agreed (our dickless, moronic politicians) to bail about 5 billion.. to Spain, about 2 billion. We were the only country to be able to pay the 1,4 billion for the European Stability Mechanism, ESM in cash. (Even thou it of course meant that we took some MORE loan from the banks). Even if we would have agreed to pay "only" 5 billion euros for Creek (which since then, has gone way up many times), it's a huge amount of money for a small country, whose GDP is about 170 billion and the whole annual budget for the government about 52 billion.

Next they want some more money for Italy, of course..

Another reason for our existence in the Euro zone is naturally to be the western buffer against Russia. Neither Norway or Sweden wanted to join, so we were 'chosen' to keep the line and to "show some example" for the ex soviet countries like Estonia etc.

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