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Baruch Obamawitz posted:How does Turkey feel what with their recent efforts to get membership in the EU? "Better be a force to be reckoned with in the Middle East than the latest peripheral country everybody in the EU would love to hate."
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| # ¿ Nov 10, 2011 13:18 |
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| # ¿ May 21, 2013 22:37 |
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Zikan posted:The ECB buying Italian bonds would basically be setting itself up as the lender of last resort. Unlike forcing austerity and wishing for the "confidence fairy" to magically lower bond yields, the ECB acting as a lender of last resort would lower bond rates for Italy because it would be implicitly backed by France and Germany. THe problem is that this can't be done in isolation because if Spain tanks we're back to square one. And such moves would be incredibly unpopular in the domestic politics of Germany and France.  ) won't go anywhere till then, barring catastrophe.
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| # ¿ Nov 10, 2011 17:25 |
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Zikan posted:Haha so we can look forward for no solid actions being taken for 6 months unless some new crisis pops up. I'm sure nothing can go wrong with this plan!
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| # ¿ Nov 10, 2011 17:34 |
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scaevola posted:And what industrial district in Greece could one theoretically occupy? Lesbos 
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| # ¿ Nov 18, 2011 07:39 |
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Farecoal posted:I have to ask, what would the best possible (plausible) outcome be for this whole situation? Greece fires up its secret boosters and launches into space. The rockets are fueled by german euros.
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| # ¿ Nov 19, 2011 11:37 |
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Jut posted:S&P just downgraded...Belgium The US, Greece, Portugal and now Belgium... Soon it's gonna be real countries that get the S&P's medal of shame.
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| # ¿ Nov 25, 2011 20:00 |
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Well, Cameron just vetoed the latest Eurozone agreement; Which means two things
And a third thing: an agreement was reached nonetheless (BBC article), 23 EU countries could be on board. Here's the fine print:
For a thousand years England has been trolling the continent, now it's payback time  This thread also has valuable info and opinions, perhaps.
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| # ¿ Dec 9, 2011 12:42 |
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Cheesemaster200 posted:The UK was doing what every other country in the Eurozone was doing: protecting their own interests. Protecting the interests of The City != protecting the interests of the country
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| # ¿ Dec 9, 2011 14:20 |
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Cheesemaster200 posted:What benefits is the UK as a whole missing out of by not signing this treaty? They did not only sign it, they vetoed it. The largest "miss out" is political: the UK will have less leverage over the policies of the EU. Sure, they only care about the common free market, but this treaty pave the way for much harsher (future) laws against the City that if they had been part of it. Today the Tobin tax, tomorrow a fee for trading from London into the new EU? Who knows.
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| # ¿ Dec 9, 2011 15:09 |
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KillerBean posted:So... maybe someone more EU-oriented can answer this because I've been reading articles that don't confront this issue. Some countries might have to report to their constituents but not all of them. Those who don't have to are not likely to.
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| # ¿ Dec 9, 2011 16:07 |
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Goetta posted:I don't think the terms of this treaty matter too much because it doesn't fix anything at all with the current crisis and there simply won't be an EU, possibly fairly soon. Already quoted twice but let me add that the EU will survive as long as there's a need for a free trade zone between European countries.
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| # ¿ Dec 9, 2011 16:31 |
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I hope the tobin tax goes through everywhere and traders all kill themselves. That is all.
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| # ¿ Jan 10, 2012 14:54 |
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KillerBean posted:if these taxes go through you'll just see the cost passed on to the investor: i.e. hedge funds with a 2-and-20 approach or funds that charge annual service fees I don't know what any of this means v  v
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| # ¿ Jan 10, 2012 20:17 |
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SavageGentleman posted:So people all over Europe are protesting in the streets against austerity measures that will damage their quality of life for decades while never being able to pacify the rating companies. All over Europe? No, a little nation in its center still resists the current of reality. And life is not easy for the plebes of Graecia, Lusitania, Iberia and Italia.
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| # ¿ Jan 20, 2012 12:39 |
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Fire Safety Doug posted:I took his post to mean he was continuing the joke, but you Visigoths aren't known for your sense of humor... Yep.
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| # ¿ Jan 20, 2012 18:18 |
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I get the feeling that some in the US are not aware the mass protest are not a thing that only pops up when everything is at stake. Don't get me wrong, these protests everywher all the rime are really something to behold, but it's not like we dust off our protests only when there is a revolution around. We do that poo poo all the god drat time.
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| # ¿ Jan 23, 2012 17:28 |
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Combat Pretzel posted:Sarkozy pretty much confirmed that France is going through with the financial transaction tax, beginning August. I'm curious how that's going to play out, and who's going to pull out of the Paris stock exchange. Let's just hope that those who do pull out are 1) never allowed to come back and 2) get their backs up against the wall.
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| # ¿ Jan 30, 2012 18:31 |
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shots shots shots posted:You don't necessarily need to pull out, you just need to do something like make an ADR, which is essentially a promise to redeem for a share that is traded on another market. A bank will hold onto the shares in a vault somewhere, and issue the security in a tax-free market. Also 3) let's add to this law a very strict "spirit of the law" not "letter of the law" type of thing.
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| # ¿ Jan 30, 2012 19:58 |
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Install Gentoo posted:This statement makes no sense. Eh?
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| # ¿ Jan 30, 2012 20:03 |
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Junior G-man posted:This I know, but I have yet to see a convincing explanation as to how this cannot be managed in the EU. I'm interested in this as well.
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| # ¿ Feb 15, 2012 12:51 |
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Turkey should just annex Greece.
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| # ¿ Feb 15, 2012 16:50 |
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When all this poo poo is over someone will really to have to translate it into layman.
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| # ¿ Mar 9, 2012 23:36 |
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Firing Cirrus posted:Capitalism is a cruise ship made out of money. Much like this metaphor, the ship was ill-conceived and doomed from the start. Any time things got a bit choppy, it would become necessary to patch up the ship by taking some of the good, dry money and covering over the bad. At some point, some people on the ship discovered that you could just say that you patched up the ship using money from 'somewhere else' and things seemed fine. Unfortunately, this just accelerated the inevitable: the hull didn't hold and the ship was left with leaks coming in everywhere. The people in charge of the ship are now dismantling the life boats in order to make some buoyant first-class cabins. I'm mailing this to Kreider and Bors, hopin' for the best!
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| # ¿ Mar 10, 2012 17:11 |
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| # ¿ May 21, 2013 22:37 |
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notaspy posted:If Greece default doesn't that completely gently caress the French and German banks as they a) own the debt? and b) would have to payout the derivatives on the debt? Some banks might get hosed, but banks in general are trying to get rid of greek debt bits by bits. Or at least that what they're saying on the radio.
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| # ¿ May 8, 2012 12:13 |
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