Schaeuble:“upcoming EU summit will not present final solution for euro zone debt cris

Discussion in 'Wall St. News' started by ASusilovic, Oct 17, 2011.

  1. * German Finance Minister Schaeble; “upcoming EU summit will not present final solution for euro zone debt crisis”

    * dreams that everything will be solved on euro crisis next Monday cannot be met”

    Eur/Usd dropped about 35 points to 1.3810 on news.

    http://forex.fxdd.com/128773/forex-news/german-fm-comments-weaken-euro

    Speechless. :eek:
     
  2. Germans should know to be more tactful whenever talking about a 'final solution'.
     
  3. TGregg

    TGregg

    I'm just shocked, shocked I tell you. Obviously the answer is more government, more meetings, more speeches and a boatload of more spending! Higher taxes (punish those miserable SOBs who are productive) and more handouts (reward those poor souls who's failures are not their fault) along with massive government bureaucracy are the keys to a better future.
     
  4. clacy

    clacy

    The Euro was doomed the second they allowed Greece in.
     
  5. C6H12O6

    C6H12O6

    Why ?
    Germany has every interest at prolonging the crisis as long as it can.
    Just to mention one reason, think about lower yields on german gov bonds, even on the long durations they pay much less than inflation.
    Why other european countries accept german behaviour is a mistery, this leaves me speechless.
     
  6. TGregg

    TGregg

    One presumes. . .

    SARCASM noun \ˈsär-ˌka-zəm\
    1
    : a sharp and often satirical or ironic utterance designed to cut or give pain
    2
    a : a mode of satirical wit depending for its effect on bitter, caustic, and often ironic language that is usually directed against an individual b : the use or language of sarcasm

    http://www.merriam-webster.com/dictionary/sarcasm