Political deal in Germany on the ESM; mini summit in Rome to rescue Spain

Friday, June 22nd 2012 - 07:39 UTC

Full article 3 comments

The German government and opposition reached on Thursday a deal that will allow parliament to approve the European Stability Mechanism, ESM, next week, but Germany's top court may delay the rescue fund's start date, saying it needed time to study the treaty. Read full article

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briton
miss, you can give and spend billions, but all you will achieve is wasting public money,

if you do not deal with the root of the problem, then covering over the cracks will not work, but just delay the enevatible,
and when it comes,
you will find that all the money you did have,,
has already been wasted,

just leave us out of it,
Jun 22nd, 2012 - 12:37 pm - Link - Report abuse 0
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expbrit
How can the ESM “stabilise” Europe without mutualisation of debt?

As things stand now most of the 17 Eurozombies will be in debt to Germany, France etc. until hell freezes over. Not much stability on the horizon for Greece or Spain, or anyone else to the south of Angieland as far as I can make out. Just eternal indentured servitude or the usual alternative. Interesting times :(
Jun 22nd, 2012 - 01:47 pm - Link - Report abuse 0
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briton
A perfect time for the Germans to call in all the loans,

Oh dear, and they can’t pay,

Oh well,
United States of Europe here we come,

Unless you wanna pay us back NOW lol.
.
Jun 22nd, 2012 - 09:24 pm - Link - Report abuse 0
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