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richard
#1 Posted : 19 August 2012 09:44:47(UTC)
Richard

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Taking the lead in Der Spiegel today, and repeated elsewhere, is the news that German finance minister Schäuble and CDU/CSU party chief Volker Kauder are drawing a line in the sand with Greece.

The finding gap in the Greek budget, already identified by the troika as €11.5 billion, has now been re-evaluated as €14 billion. The Schäuble-Kauder duo, therefore, are saying "enough".



Read here...

http://www.eureferendum....ogview.aspx?blogno=83061
Ron1954
#2 Posted : 19 August 2012 10:14:45(UTC)
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The EU politicians remind me of generals of the Great War who claimed one more big push will break the Germans. Hundreds of thousands died as a result of these false claims.
Their modern equivalent amongst the EU political circles believe one more treaty, law or regulation will bring the financial collapse to an end. The end of the Great War came about with new allies and tactics.
To end the financial crisis the old ways wrapped in the EU flag have to be recognised as part of the problems. To achieve financial prosperity we need to break free from the old thinking and quickly ditch the EU.
richard
#3 Posted : 19 August 2012 10:42:47(UTC)
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Originally Posted by: Ron1954 Go to Quoted Post
The EU politicians remind me of generals of the Great War who claimed one more big push will break the Germans. Hundreds of thousands died as a result of these false claims.

Their modern equivalent amongst the EU political circles believe one more treaty, law or regulation will bring the financial collapse to an end. The end of the Great War came about with new allies and tactics.

To end the financial crisis the old ways wrapped in the EU flag have to be recognised as part of the problems. To achieve financial prosperity we need to break free from the old thinking and quickly ditch the EU.



Ron, would you mind awfully putting line spaces between your paragraphs. Makes your interesting contributions much easier to read.



Ravenscar
#4 Posted : 19 August 2012 10:57:02(UTC)
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Quote:
"The Greeks have to keep what they have promised," Kauder says: "There is no more room [for manoeuvre]".



Beware the Greeks making promises.

The Germans, on the streets of Frankfurt and Berlin, from the shores of the Baltic to Bavaria and politicians of all persuasions, are pulling themselves to bits over the EU club Med disaster zone but pro or con they are stuck in an inertia of procrastination.

They know how unpopular they [the Germans] are becoming, the old enmities are resurfacing. The French - part of the axis of the EU have gone very quiet, Hollande is way out of his depth, the paddle has gone missing. White water, the river is narrowing and quickening and the Lorelei rises looming out of the mists of the Rhine. Caught between a rock and a hard place the Germans know what must be done but still they waver and fret, drifting on the current.
In the distance, the sirens of Brussels screech their plaintiff dirge; "more Europe, more Europe, more Europe".

Who will attempt to steady the sinking boat? But wait! Oh no, the EUboat.......another torpedo from the evil Anglo Saxon Markets........... its been holed beneath the waterline.....................and there ain't no rescue boats in sight.


Donner und Blitzen!

Edited by user 19 August 2012 10:57:34(UTC)  | Reason: Not specified

richard
#5 Posted : 19 August 2012 11:28:02(UTC)
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Originally Posted by: Ravenscar Go to Quoted Post


The Germans, on the streets of Frankfurt and Berlin, from the shores of the Baltic to Bavaria and politicians of all persuasions, are pulling themselves to bits over the EU club Med disaster zone but pro or con they are stuck in an inertia of procrastination.



Not procrastination ... on the horns of a dilemma ... they need a new treaty, which can't be got in a hurry. So it is a question of applying the band aid until the 7th Cavalry come galloping over the hill ... and you know that happened then.

john in cheshire
#6 Posted : 19 August 2012 11:47:33(UTC)
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Why is it that the sliver of European soil that is Luxembourg has so much influence over EU matters. It's puzzled me for many years that such an inconsequential entity as this can ever presume to tell anyone what they should say, do and think about the EU, or anything else. In a normal world, Luxembourg and its preening elite would be completely ignored.
Ron1954
#7 Posted : 19 August 2012 12:24:31(UTC)
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The dilemma for the Germans is what to do with someone who takes your money in return for austerity and rats on the deal.

Out right military force cannot be used and if you impose some sort of blockade or restrictions you have less change of getting what you want.

For the Germans they have lent or promised €Billions and have nothing to show for it. How many more will they lend on the strength of false promises?

Clearly for Germany the answer is cut your losses and protect yourself from the failure of others, but will her politicians do so? Hardly likely because they are all in the EU trough and will sacrifice the Germany tax payers in an attempt to save the doomed EU.

AlanC
#8 Posted : 19 August 2012 13:49:04(UTC)
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Guys, could you possibly speed this collapse up a little? This is going on like an unabridged version of the Roman Empire.......in Mandarin.....from an original Swahili translation. Thank you.
richard
#9 Posted : 19 August 2012 14:24:34(UTC)
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Originally Posted by: AlanC Go to Quoted Post
Guys, could you possibly speed this collapse up a little? This is going on like an unabridged version of the Roman Empire.......in Mandarin.....from an original Swahili translation. Thank you.



http://www.eureferendum....ogview.aspx?blogno=83062
AlanC
#10 Posted : 19 August 2012 15:57:19(UTC)
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Originally Posted by: richard Go to Quoted Post
Originally Posted by: AlanC Go to Quoted Post
Guys, could you possibly speed this collapse up a little? This is going on like an unabridged version of the Roman Empire.......in Mandarin.....from an original Swahili translation. Thank you.



http://www.eureferendum....ogview.aspx?blogno=83062



Yeah, yeah Doc. been reading all that for years they'll find a way to drag it out. (At least till after OUR elections) Blink Cool Huh

Dodgy Geezer
#11 Posted : 19 August 2012 17:31:28(UTC)
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The proximate cause is that funding gap in the Greek budget, already identified by the troika as €11.5 billion, has now been re-evaluated as €14 billion.


I think that we all know that, whatever it is, it'll be a lot bigger than 14bn in the end....
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