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EU dumps stability pact because of systemic risk, starts printing presses

 
Face Palmer
Rated "P" for pathetic.

User ID: 1252330
Germany
05/10/2013 05:02 AM

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EU dumps stability pact because of systemic risk, starts printing presses
TSHTF in Europe. The roof must be on fire:

Quote:
The new mechanism should be stamped out of the ground almost overnight.

German Chancellor Angela Merkel has always strictly refused the balance of payments assistance in the euro zone. Such a Community instrument is not compatible with the bailout ban in the monetary union, the euro that the EU member states may remove any debts. Under pressure from the markets, the Chancellor must appear to give this position yesterday.

[link to translate.google.de]

Last Edited by Face Palmer on 05/10/2013 05:04 AM
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Face Palmer (OP)
Rated "P" for pathetic.

User ID: 1252330
Germany
05/10/2013 05:06 AM

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Re: EU dumps stability pact because of systemic risk, starts printing presses
8th of May again. Ironic.
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Face Palmer (OP)
Rated "P" for pathetic.

User ID: 1252330
Germany
05/10/2013 02:41 PM

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Re: EU dumps stability pact because of systemic risk, starts printing presses
bump
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

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