MercoPress. South Atlantic News Agency

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  Fido Dido

  look it that, maffia at work.

  Sep 10th, 2011 - 01:58 pm - Link - Report abuse 0
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  GeoffWard2

  I guess that Europe does not yet see itself as “The United States of . . . ”.
  
  In the US the transfers of support from the rich states to the poor states seem to be less contentious that 'German money' going to Romania, Greece, etc.

  Sep 10th, 2011 - 05:02 pm - Link - Report abuse 0
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  willi1

  The US are 50 “Provinces” of 1 state. Germany has 16 “provinces”. The poor in the north and east, the richer in the south. The German money is transferred to the poor from the rich province - in 1 country, but not into different European countries. How can we?
  However it is fact that Germany is the bigges net payer in the EU. That´s enough.

  Sep 10th, 2011 - 06:40 pm - Link - Report abuse 0
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  GeoffWard2

  Will,
  
  Provinces, states, counties, departments, -
  - different names for different sub-divisions.
  
  But essentially the united states of America equate to the united countries of the European Union.
  The EU 'management units' can be a whole country eg. Greece, or a dis/aggregation of countries, eg the UK, or a dis/aggregation of states/provinces eg. Germany.
  
  And who do you think is bailing out Greece, Ireland, Portugal, Spain & Italy . . . . . . Germany, France & the UK
  
  http://www.youtube.com/watch?v=SYJp8bEXy-s

  Sep 10th, 2011 - 11:08 pm - Link - Report abuse 0
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  Fido Dido

  folks, Geoff and will, it's not about bailing out greece ireland etc etc.. it's about bailing out the BANKS..not nations and people are FED UP. geez..again shows how ignorant the majority are why the real bad guys get away with it. Let the banks FAIL.

  Sep 10th, 2011 - 11:16 pm - Link - Report abuse 0
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  willi1

  FiDi: The banks only hold a small part of the debts they have in the books with own money. The rest comes from customer´s deposits and credits they got from other banks. If they go bankrupt, all the money of the people who have taken it there to save it for the old age is gone, too! Perhaps yours, too.
  The banks have in their books the bonds of Greece etc. as a certain value. They bought these bonds from your/my money to get interest from Greece etc. If the bonds lose their value due to the bankrupcy of Greece etc. , your/my part of the money is lost, too, if the loss for the bank is so big, that the bank goes bankrupt.
  This happended to Lehman Bros. Only this one big bank bankrupcy caused the inability of payments of all big banks and a world wide crisis which has not ended up to now. In the banks are acting criminal-like people as so called investment bankers.
  Politicians don´t know how big the debts of the banks are. Only in case of a bankrupcy the cards come on the table and than it is too late to correct. The losses are so big, that some countries have no more real money to pay their staff. Only by credits. But no one gives them money because the real money is lost. Everybody has only debts.
  So everybody promises to work and sell something and to save the earnings for repayment of the credit. If the lender believes in you, you will get fresh credit. The Greek and Italians don´t want to work more for less money, so the lenders don´t pay fresh money as credit. Than Greece etc. have lost a war.
  This was the fact in Germany after World war 2. We restarted with 40,-- Deutsche Mark per person.

  Sep 11th, 2011 - 09:21 am - Link - Report abuse 0
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  GeoffWard2

  Fido,
  if the banks fail, my pension stops and I starve.
  I don't want this.
  Please understand Will's words
  and suck up the austerity;
  however much you hate bankers,
  austerity is so much better than the alternative.
  The 'big picture' is more than just bankers - see You Tube clip (above).
  Geoff.

  Sep 11th, 2011 - 01:02 pm - Link - Report abuse 0
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  briton

  could not the riches country on earth, but out all the debts,and make us all happy, mmm
  just a thought, just a little thought .

  Sep 11th, 2011 - 07:23 pm - Link - Report abuse 0
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