Ontvang nu dagelijks onze kooptips!

word abonnee
Van beleggers
voor beleggers
desktop iconMarkt Monitor
  • Word abonnee
  • Inloggen

    • Geen account? Registreren

    Wachtwoord vergeten?

Koffiekamer« Terug naar discussie overzicht

TEURO Götterdämmerung

177 Posts
Pagina: «« 1 2 3 4 5 6 ... 9 »» | Laatste | Omlaag ↓
  1. [verwijderd] 18 mei 2009 17:37
    quote:

    zzzaai schreef:

    Onee shit, ik vergis me met the artist, nee foutje van mij
    Howdy zzzaai, Dat je me verwart met 'n ander vind ik niet erg, maar a.u.b. liever met iemand anders dan met The Artist.

    >--;-)-->

    p.s. Brand daar bij jullie is toch aan de lopende band. Elke dag lees ik:

    grote brand in ........vul zelf maar in 'n naam van welke NL-stad dan ook, en bijna altijd grote bedrijven. Erg fishy.
  2. [verwijderd] 18 mei 2009 18:01
    quote:

    Amor Arrows schreef:

    [quote=zzzaai]
    Onee shit, ik vergis me met the artist, nee foutje van mij
    [/quote]

    Howdy zzzaai, Dat je me verwart met 'n ander vind ik niet erg, maar a.u.b. liever met iemand anders dan met The Artist.

    >--;-)-->

    p.s. Brand daar bij jullie is toch aan de lopende band. Elke dag lees ik:

    grote brand in ........vul zelf maar in 'n naam van welke NL-stad dan ook, en bijna altijd grote bedrijven. Erg fishy.
    ze schijnen daar een ijzeren paal te hebben en daar moeten ze langs roetsen. Vroeger of misschien nog wel hebben ze dat ook in brandweerkazernes.
    Dacht ik.....
    gr.
  3. [verwijderd] 18 mei 2009 22:41
    quote:

    TA-Phoenix schreef:

    [quote=-Igor-]
    Mooie muziek hoor van Richard Wagner ;)
    [/quote]

    The story,
    en.wikipedia.org/wiki/Nibelungenlied

    Ook interessant als verzamelaar van Adventures.
    (Ring "the legend of the nibelungen" van Cryo)

    Alles is interessant op een bepaalde invalshoek toch?

    Mvg Peerke

    rustig maar Peerke. Rustig maar. gr.
  4. [verwijderd] 25 januari 2010 15:22
    25.01.2010
    Greek finance minister rejects rumors of quitting eurozone
    Despite a crippling fiscal crisis, sharp criticism from the European Central Bank and ongoing farmer protests, Greece's finance minister has denied his country will be the first to abandon the euro.
    Speculation that Greece's fiscal crisis will force the country to abandon the euro is unfounded, according to Greek Finance Minister Georges Papaconstantinou.

    "I categorically exclude that Greece will quit the eurozone," he said, as quoted by German daily Die Welt on Monday.

    Despite Papaconstantinou's assertions, his country has received sharp criticism from European Central Bank President Jean-Claude Trichet, who has demanded Greece do everything it can to put its budget in order.

    "Never again will we accept national budgets that are not grounded in reality," Trichet told the German magazine Focus.

    Greece's public sector deficit for 2009 was 12.7 percent of its gross domestic product, as forecast by the government. That's more than four times the target limit of 3 percent for the European Union's 27 member states.

    Competing interests

    The socialist-led government, elected last year with Georges Papandreou as prime minister, has pledged to cut spending and increase revenue through taxes. Yet demands of the stubborn labor sector have threatened the government's ability to make good on its promises.

    Greek farmers have been protesting falling subsidies for two weeks now, using tractors to blockade 14 points along major roads. The farmers demand full payment of subsidies, which have been partially blocked by European Union officials pending a completed database on farm holdings.

    "There is no money (to give) at this point," Agriculture Minister Katerina Batzeli said Sunday after meeting with the farmers.

    The Greek government starts a two-day meeting on agriculture and farm aid reform Monday.

    acb/dpa/AP/AFP/Reuters
    Editor: Mark Hallam

    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

  5. [verwijderd] 2 februari 2010 17:01
    Gouden tijden met valutahandel, the PIGS = euro worden geslacht!

    Breaking News


    Papandreou holds crisis talks on budget
    George Papandreou, Greek prime minister, has held emergency consultations with opposition party leaders to shore up support ahead of an expected call by the European Commission for more stringent measures to rescue the country’s economy.

    The meeting of political leaders followed two days of fierce internal debate by senior members of Mr Papandreou’s Pasok socialist party over whether to deepen planned wage and spending cuts. The Greek premier is considering a televised address to the nation.

    link.ft.com/r/3JFELL/NSJUZ5/PF6K3/407...

    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

  6. [verwijderd] 3 februari 2010 21:27
    Gimme a P.... little piggie went to market

    Portugal Problems - Next Euro Domino
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Feb 3 (Reuters) - The dollar rose broadly on Wednesday, boosted by generally stable U.S. economic data while mounting worries about Portugal being the next euro zone country to come under pressure after Greece lifted the greenback against the euro. Concerns about Portugal pushed the single euro zone currency toward a key $1.3900 figure, while the cost of insuring Portuguese government bonds against default rose to a record 196 basis points, according to CMA DataVision.

    quote:

    Gung Ho schreef:

    Gouden tijden met valutahandel, the PIGS = euro worden geslacht!

    Breaking News


    Papandreou holds crisis talks on budget
    George Papandreou, Greek prime minister, has held emergency consultations with opposition party leaders to shore up support ahead of an expected call by the European Commission for more stringent measures to rescue the country’s economy.

    The meeting of political leaders followed two days of fierce internal debate by senior members of Mr Papandreou’s Pasok socialist party over whether to deepen planned wage and spending cuts. The Greek premier is considering a televised address to the nation.

    link.ft.com/r/3JFELL/NSJUZ5/PF6K3/407...

    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

  7. [verwijderd] 3 februari 2010 21:45
    Gung Ho is back met zijn lange lappen. Hoe langer de lap, hoe stommer het verhaal?

    Iemand die zich niet kort & bondig kan uitdrukken,
    heeft 'n probleem?

    Verder schijnt hij in de goudhandel te zitten.
    Of zijn zoontje.

    Wat krijg ik toch een "koppijn" van die man,
    en zijn eeuwige gepush voor eigen karretje.

    De (nix voorstellende) CFTN- pushing was " zum Kotzen"

    Helaas trapten er velen in, en verloren héél vies.

    Ben gewaarschuwd!

  8. [verwijderd] 5 februari 2010 09:34
    Portugal near political crisis over debt
    By Peter Wise in Lisbon
    Published: February 4 2010 22:24 | Last updated: February 4 2010 22:24
    Portugal moved towards a political crisis on Thursday night as its finance minister appealed to opposition parties not to defeat the minority Socialist government over a regional finance bill that he said would undermine the country’s international credibility.

    In a televised address, Fernando Teixeira dos Santos said opposition proposals to allow the Portuguese islands of Madeira and the Azores to increase their debt would have “grave consequences for Portugal’s public accounts” and send “the worst possible message” to financial markets.

    His warning came as Portuguese bonds and shares came under fire for the second day running as concerns over sovereign debt spread from Greece to other high-deficit countries in the eurozone.

    The Lisbon stock market fell almost 5 per cent on Thursday, the biggest daily fall since November 2008, and bond yields rose to new highs amid doubts over the ability of Portugal to consolidate its public accounts.

    The cost of insuring Portuguese debt against default also rose to a record high.

    Mr Teixeira dos Santos said approval of the bill would involve an increase of €50m (£45m, $70m) in funding for the islands this year, rising to an increase of €83m in 2013. This would make it impossible for the government to meet its commitment to the European Commission to cut the budget deficit from 9.3 per cent of GDP in 2009 to less than 3 per cent in 2013.

    The centre-right Socialists were re-elected to a second four-year term in September, but lost their overall majority in parliament. The contested bill is supported by opposition parties on the left and right who together have enough votes to defeat the government.

    Opposition parties accused the government of “irresponsibility” and deliberately creating a crisis to ensure the bill was defeated.

    Earlier on Thursday, Mr Teixeira dos Santos said “strong and credible” measures to be presented the European Commission this month would be “no less ambitious” than the Greek plan to consolidate public finances endorsed by Brussels on Tuesday.

    He said Portugal had taken over from Greece as the main victim of the “animal spirits” of financial markets that were often “irrational”. The concern in the case of Portugal, he said, was not justified.

    quote:

    Gung Ho schreef:

    Gimme a P.... little piggie went to market

    Portugal Problems - Next Euro Domino
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Feb 3 (Reuters) - The dollar rose broadly on Wednesday, boosted by generally stable U.S. economic data while mounting worries about Portugal being the next euro zone country to come under pressure after Greece lifted the greenback against the euro. Concerns about Portugal pushed the single euro zone currency toward a key $1.3900 figure, while the cost of insuring Portuguese government bonds against default rose to a record 196 basis points, according to CMA DataVision.

    [quote=Gung Ho]
    Gouden tijden met valutahandel, the PIGS = euro worden geslacht!

    Breaking News


    Papandreou holds crisis talks on budget
    George Papandreou, Greek prime minister, has held emergency consultations with opposition party leaders to shore up support ahead of an expected call by the European Commission for more stringent measures to rescue the country’s economy.

    The meeting of political leaders followed two days of fierce internal debate by senior members of Mr Papandreou’s Pasok socialist party over whether to deepen planned wage and spending cuts. The Greek premier is considering a televised address to the nation.

    link.ft.com/r/3JFELL/NSJUZ5/PF6K3/407...

    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

    [/quote]
  9. [verwijderd] 5 februari 2010 10:00
    Net even gekeken bij IEX naar de waardeontwikkeling van de Euro gerekend over 5 jaar. Dan is zowel de waarde gestegen t.o.v. de dollar als t.o.v. het Britse pond.
    Toen de euro zo'n 20% beneden de waarde van die valuta stond was er reden om te twijvelen aan de euro. Nu is praten over "TEURO" wel heel erg achterhaald. De Euro heeft internationaal heel wat extra koopkracht opgeleverd.
  10. [verwijderd] 5 februari 2010 16:28
    quote:

    andy schreef:

    Gung Ho is back met zijn lange lappen. Hoe langer de lap, hoe stommer het verhaal?

    Iemand die zich niet kort & bondig kan uitdrukken,
    heeft 'n probleem?

    Verder schijnt hij in de goudhandel te zitten.
    Of zijn zoontje.

    Wat krijg ik toch een "koppijn" van die man,
    en zijn eeuwige gepush voor eigen karretje.

    De (nix voorstellende) CFTN- pushing was " zum Kotzen"

    Helaas trapten er velen in, en verloren héél vies.

    Ben gewaarschuwd!

    Hear!, hear!

    Goud down >$50.00 in 2 dagen, trust gold, NOT!

    Hoe is 't met "mijn allergrootste positie is CBLRF.ob, gaat naar 25 to 30c, daarna naar $5 tot $10" ??????????

    Houdoe

    >--:-)-->

    p.s. CBLRF.ob bid/ask 0.0033/0.004
  11. [verwijderd] 5 februari 2010 20:11
    Bankers' Dictatorship Demanded for Europe

    Feb. 2, 2010 (EIRNS)-The only option being offered to the nations of Portugal, Italy, Ireland, Greece and Spain (or PIIGS, in London's sadistic lexicon) is to impose fascist austerity on their populations. This message was delivered in straight forward manner by the Jan. 30 Economist and the Feb. 2 Financial Times, both prominent mouthpieces for the British Monarchy's financial interests. After the banks of the Anglo-Dutch financial system made loans to these desperate countries, the the European Union (EU) bureaucracy comes in as the enforcer, armed with the new powers it has under the Lisbon Treaty.to enforce brutal austerity.

    The Economist insists that the PIIGS must do as Ireland has done: "The Irish government has torn up its 30-year social compact with employers and unions. It has slashed public spending and made sharp cuts in pay. Indeed, pay is now falling across the whole economy"—clearly a delightful outcome, as far as the Empire the British financial empire is concerned.

    As the Financial Times reports, the EU states have borrowed a record Euro110 billion since the start of the year, with investors saying that yields will rise on not only Greek debt, but also Spanish, Portuguese, and Italian debt. The London Times quotes one speculator warning of a sell-off of Eurozone government debt "if there is any sign from politicians that they are not prepared to tackle their debt levels." Another source reports to the Financial Times that Deutsche Bank has told investors to sell debt of so-called "peripheral European nations," meaning Spain, Greece, Portugal, and Italy. The rates on 10-year Greek bonds have been driven up to 7.15%, a percentage point higher than last week. Bloomberg reports that investors have pulled EU13 billion out of the Eurozone in the last weeks, no doubt from these very nations.

    Then come the imperial administrators of the EU—the hitmen. The Greek daily Ekathinerini reports that the European Commission will publish its judgment on the Greek "Stability and Growth Program" which will be followed by demands for more cuts if it fails to cut its budget deficit from 12% to 3% of GDP over the next three years. The daily then writes, "Such a recommendation can be issued under the new EU treaty when the economic policies of an EU member are not in line with broad policy guidelines adopted by the bloc risk jeopardizing the proper functioning of the 16 nation Eurozone."

    In this, as in the rest, Greece is merely a secondary testing ground for policies of fascist austerity and the end of sovereignty, that London means to apply across Europe. Thus, City of London mouthpiece Ambrose Evans-Pritchard, writing in today's Daily Telegraph, reports on the EU demands that Athens make deep cuts in "average nominal wages" across the entire public sector, cut pensions, raise the retirement age, increase the fuel levy, and impose luxury taxes. And fascist EU Economics Commissioner, Joaquin Almunia said that the cuts will be enforced rigorously: "Every time we see or perceive slippages, we will ask for additional measures to correct these slippages. Never before have we established so detailed and tough a system of surveillance."

    Dutch Finance Minister Wouter Bos, in an interview on the Dutch business channel RTL Z quoted by Reuters, said "We all know that if Greece doesn't solve their problems, the market will, and already is, focussing on the next weak link. That's Portugal, Ireland's next, and then Spain. And then you'll get a domino effect," said Bos.
    [quote=Gung Ho]
    Portugal near political crisis over debt
    By Peter Wise in Lisbon
    Published: February 4 2010 22:24 | Last updated: February 4 2010 22:24
    Portugal moved towards a political crisis on Thursday night as its finance minister appealed to opposition parties not to defeat the minority Socialist government over a regional finance bill that he said would undermine the country’s international credibility.

    In a televised address, Fernando Teixeira dos Santos said opposition proposals to allow the Portuguese islands of Madeira and the Azores to increase their debt would have “grave consequences for Portugal’s public accounts” and send “the worst possible message” to financial markets.

    His warning came as Portuguese bonds and shares came under fire for the second day running as concerns over sovereign debt spread from Greece to other high-deficit countries in the eurozone.

    The Lisbon stock market fell almost 5 per cent on Thursday, the biggest daily fall since November 2008, and bond yields rose to new highs amid doubts over the ability of Portugal to consolidate its public accounts.

    The cost of insuring Portuguese debt against default also rose to a record high.

    Mr Teixeira dos Santos said approval of the bill would involve an increase of €50m (£45m, $70m) in funding for the islands this year, rising to an increase of €83m in 2013. This would make it impossible for the government to meet its commitment to the European Commission to cut the budget deficit from 9.3 per cent of GDP in 2009 to less than 3 per cent in 2013.

    The centre-right Socialists were re-elected to a second four-year term in September, but lost their overall majority in parliament. The contested bill is supported by opposition parties on the left and right who together have enough votes to defeat the government.

    Opposition parties accused the government of “irresponsibility” and deliberately creating a crisis to ensure the bill was defeated.

    Earlier on Thursday, Mr Teixeira dos Santos said “strong and credible” measures to be presented the European Commission this month would be “no less ambitious” than the Greek plan to consolidate public finances endorsed by Brussels on Tuesday.

    He said Portugal had taken over from Greece as the main victim of the “animal spirits” of financial markets that were often “irrational”. The concern in the case of Portugal, he said, was not justified.

    [quote=Gung Ho]
    Gimme a P.... little piggie went to market

    Portugal Problems - Next Euro Domino
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Feb 3 (Reuters) - The dollar rose broadly on Wednesday, boosted by generally stable U.S. economic data while mounting worries about Portugal being the next euro zone country to come under pressure after Greece lifted the greenback against the euro. Concerns about Portugal pushed the single euro zone currency toward a key $1.3900 figure, while the cost of insuring Portuguese government bonds against default rose to a record 196 basis points, according to CMA DataVision.
    [quote=Gung Ho]
    Gouden tijden met valutahandel, the PIGS = euro worden geslacht!

    Breaking News

    Papandreou holds crisis talks on budget
    George Papandreou, Greek prime minister, has held emergency consultations with opposition party leaders to shore up support ahead of an expected call by the European Commission for more stringent measures to rescue the country’s economy.

    The meeting of political leaders followed two days of fierce internal debate by senior members of Mr Papandreou’s Pasok socialist party over whether to deepen planned wage and spending cuts. The Greek premier is considering a televised address to the nation.

    link.ft.com/r/3JFELL/NSJUZ5/PF6K3/407...

    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putti
  12. [verwijderd] 6 februari 2010 11:35
    Fears of 'Lehman-style' tsunami as crisis hits Spain and Portugal
    The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words.

    By Ambrose Evans-Pritchard
    Published: 7:29PM GMT 04 Feb 2010
    Comments 76 | Comment on this article

    Spain is going through a "deep crisis" in its housing sector. Photo: AFP
    Julian Callow from Barclays Capital said the EU may to need to invoke emergency treaty powers under Article 122 to halt the contagion, issuing an EU guarantee for Greek debt. “If not contained, this could result in a `Lehman-style’ tsunami spreading across much of the EU.”
    Credit default swaps (CDS) measuring bankruptcy risk on Portuguese debt surged 28 basis points on Thursday to a record 222 on reports that Jose Socrates was about to resign as prime minister after failing to secure enough votes in parliament to carry out austerity measures.

    Should Germany bail out Club Med or leave the euro altogether?
    Parliament minister Jorge Lacao said the political dispute has raised fears that the country is no longer governable. “What is at stake is the credibility of the Portuguese state,” he said.
    Portugal has been in political crisis since the Maoist-Trotskyist Bloco won 10pc of the vote last year. This is rapidly turning into a market crisis as well as investors digest a revised budget deficit of 9.3pc of GDP for 2009, much higher than thought. A €500m debt auction failed on Wednesday. The yield spread on 10-year Portuguese bonds has risen to 155 basis points over German bunds.
    Daniel Gross from the Centre for European Policy Studies said Portgual and Greece need to cut consumption by 10pc to clean house, but such draconian measures risk street protests. “This is what is making the markets so nervous,” he said.
    In Spain, default insurance surged 16 basis points after Nobel economist Paul Krugman said that “the biggest trouble spot isn’t Greece, it’s Spain”. He blamed EMU’s one-size-fits-all monetary system, which has left the country with no defence against an adverse shock. The Madrid’s IBEX index fell 6pc.
    Finance minister Elena Salgado said Professor Krugman did not “understand” the eurozone, but reserved her full wrath for the EU economics commissioner, Joaquin Almunia, who helped trigger the panic flight from Iberian debt by blurting out that Spain and Portugal were in much the same mess as Greece.
    Mrs Salgado called the comparison simplistic and imprudent. “In Spain we have time for measures to overcome the crisis,” she said. It is precisely this assumption that is now in doubt. The budget deficit exploded to 11.4pc last year, yet the economy is still contracting.
    Jacques Cailloux, Europe economist at RBS, said markets want the EU to spell out exactly how it is going to shore up Club Med states. “They are working on a different time-horizon from the EU. They don’t think words are enough: they want action now. They are basically testing the solidarity of monetary union. That is why contagion risk is growing,” he said.
    “In my view they underestimate the political cohesion of the EMU Project. What the Commission did this week in calling for surveillance of Greece has never been done before,” he said.
    Mr Callow of Barclays said EU leaders will come to the rescue in the end, but Germany has yet to blink in this game of “brinkmanship”. The core issue is that EMU’s credit bubble has left southern Europe with huge foreign liabilities: Spain at 91pc of GDP (€950bn); Portugal 108pc (€177bn). This compares with 87pc for Greece (€208bn). By this gauge, Iberian imbalances are worse than those of Greece, and the sums are far greater. The danger is that foreign creditors will cut off funding, setting off an internal EMU version of the Asian financial crisis in 1998.
    Jean-Claude Trichet, head of the European Central Bank, gave no hint yesterday that Frankfurt will bend to help these countries, either through loans or a more subtle form of bail-out through looser monetary policy or lax rules on collateral. The ultra-hawkish ECB has instead let the M3 money supply contract over recent months.
    Mr Trichet said euro members drew down their benefits in advance -- "ex ante" -- when they joined EMU and enjoyed "very easy financing" for their current account deficits. They cannot expect "ex post" help if they get into trouble later. These are the rules of the club.

    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putti
  13. [verwijderd] 6 februari 2010 11:36
    quote:

    Gung Ho schreef:

    Fears of 'Lehman-style' tsunami as crisis hits Spain and Portugal
    The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words.

    By Ambrose Evans-Pritchard
    Published: 7:29PM GMT 04 Feb 2010
    Comments 76 | Comment on this article

    Spain is going through a "deep crisis" in its housing sector. Photo: AFP
    Julian Callow from Barclays Capital said the EU may to need to invoke emergency treaty powers under Article 122 to halt the contagion, issuing an EU guarantee for Greek debt. “If not contained, this could result in a `Lehman-style’ tsunami spreading across much of the EU.”
    Credit default swaps (CDS) measuring bankruptcy risk on Portuguese debt surged 28 basis points on Thursday to a record 222 on reports that Jose Socrates was about to resign as prime minister after failing to secure enough votes in parliament to carry out austerity measures.

    Should Germany bail out Club Med or leave the euro altogether?
    Parliament minister Jorge Lacao said the political dispute has raised fears that the country is no longer governable. “What is at stake is the credibility of the Portuguese state,” he said.
    Portugal has been in political crisis since the Maoist-Trotskyist Bloco won 10pc of the vote last year. This is rapidly turning into a market crisis as well as investors digest a revised budget deficit of 9.3pc of GDP for 2009, much higher than thought. A €500m debt auction failed on Wednesday. The yield spread on 10-year Portuguese bonds has risen to 155 basis points over German bunds.
    Daniel Gross from the Centre for European Policy Studies said Portgual and Greece need to cut consumption by 10pc to clean house, but such draconian measures risk street protests. “This is what is making the markets so nervous,” he said.
    In Spain, default insurance surged 16 basis points after Nobel economist Paul Krugman said that “the biggest trouble spot isn’t Greece, it’s Spain”. He blamed EMU’s one-size-fits-all monetary system, which has left the country with no defence against an adverse shock. The Madrid’s IBEX index fell 6pc.
    Finance minister Elena Salgado said Professor Krugman did not “understand” the eurozone, but reserved her full wrath for the EU economics commissioner, Joaquin Almunia, who helped trigger the panic flight from Iberian debt by blurting out that Spain and Portugal were in much the same mess as Greece.
    Mrs Salgado called the comparison simplistic and imprudent. “In Spain we have time for measures to overcome the crisis,” she said. It is precisely this assumption that is now in doubt. The budget deficit exploded to 11.4pc last year, yet the economy is still contracting.
    Jacques Cailloux, Europe economist at RBS, said markets want the EU to spell out exactly how it is going to shore up Club Med states. “They are working on a different time-horizon from the EU. They don’t think words are enough: they want action now. They are basically testing the solidarity of monetary union. That is why contagion risk is growing,” he said.
    “In my view they underestimate the political cohesion of the EMU Project. What the Commission did this week in calling for surveillance of Greece has never been done before,” he said.
    Mr Callow of Barclays said EU leaders will come to the rescue in the end, but Germany has yet to blink in this game of “brinkmanship”. The core issue is that EMU’s credit bubble has left southern Europe with huge foreign liabilities: Spain at 91pc of GDP (€950bn); Portugal 108pc (€177bn). This compares with 87pc for Greece (€208bn). By this gauge, Iberian imbalances are worse than those of Greece, and the sums are far greater. The danger is that foreign creditors will cut off funding, setting off an internal EMU version of the Asian financial crisis in 1998.
    Jean-Claude Trichet, head of the European Central Bank, gave no hint yesterday that Frankfurt will bend to help these countries, either through loans or a more subtle form of bail-out through looser monetary policy or lax rules on collateral. The ultra-hawkish ECB has instead let the M3 money supply contract over recent months.
    Mr Trichet said euro members drew down their benefits in advance -- "ex ante" -- when they joined EMU and enjoyed "very easy financing" for their current account deficits. They cannot expect "ex post" help if they get into trouble later. These are the rules of the club.

    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

  14. [verwijderd] 6 februari 2010 18:40
    quote:

    De Pareltjeszoeker schreef:

    Er wordt te zwart wit gedacht voor het wel en wee van de euro en dollar. De belangen zijn te groot om een dollar of een euro of wat dan ook te elimineren. De waarheid ligt zoals vaak in het midden en dat geldt met name voor valuta's.
    mooi gezegd,pareltjeszoeker
    en met zo weinig woorden
    ik deel uw mening.
177 Posts
Pagina: «« 1 2 3 4 5 6 ... 9 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.