Oh look!

Right then, Altes.

The whole fucking Euro system has been designed and run to benefit Germans. For the last few years, Berlin's been giving everyone else square-headed lectures on the need for germanic-style discipline, teamwork and "ze Eurogerman solidarity"

Now the shit's hit the fan, you're the first to run for the lifeboats.

Next time you want a Blue Division to help you out, yoos can fucking whistle.

I think that MERKEL and SARCROOCKZIZ love each other!
Is he love affair begining?

The Republic of Ireland seems to be smarter than all the big liberal-fascist CUNTry of farSS

Chacun pour sa peau... C'est toi le loup!

Trafalgar wrote:

For the last few years, Berlin's been giving everyone else square-headed lectures on the need for germanic-style discipline, teamwork and "ze Eurogerman solidarity"

And since it was mostly ignored by other European states as well as by the USA, I'd say Germany doesn't need to bother.

Trafalgar wrote:

Now the shit's hit the fan, you're the first to run for the lifeboats.

What do you care anyway? Correct me if I'm wrong, but aren't you a Eurosceptic? Spain is now welcome to protect its own savers too.

Trafalgar wrote:

Next time you want a Blue Division to help you out, yoos can fucking whistle.

A German would probably say that Blue Division debt is easily cancelled out by the Legion Condor.

GTFO.

Dropping bombs from clear blue Spanish skies is NOT the same as freezing your nuts off near Leningrad.

And any euroscepticism on my part has got a fat fuck all to do with the hypocrisy of Fritzes who've been shoving their interest rate down everyone else's throat.

BTW Spanish banks are doing okay, thanks. Maybe Santander will buy up one of your crappy hun financial institutions.

Fucking worthless eurotards, remeber what the German FM stated a little over a week ago before the US got its finacial house in order??

German Finance Minister Peer Steinbrueck deemed the US banking crisis an "earthquake" that will cost the US its role as a superpower of the world financial system. He stressed that German banks can cope with losses.

Guess that euro lemming cunt got it all wrong! Now the euro slaves to the islamic fascist are in over their heads with failing banks , falling currency and no flexible position to get out of thier mess! FUCK UM let them all become the islamic republics they so long to support.

FUCK france!

AltesEuropa wrote:

That's the point. Our finance minister loathes to throw good money after bad money which some inept German bank managers flushed down the toilet.

Nobody likes it on this side of the pond either but what do you do....fiddle while Rome burns? Sure you can stand on principle...and watch your credit markets seize up and watch unemployment skyrocket, bankruptcies skyrocket, tax revenues fall, etc.

What he loathes even more is first being ignored with his criticism of the US under-regulation of financial markets and then be asked to co-fund the US taxpayer bailout for those loose cannon US investment banks.

What I loath is the fact that he's an ingorant moron who doesn't know what the fuck he's talking about when he runs his yap about America. It is not under regulation of financial markets which caused the bubble to inflate in the US, its government interference in the market in the form of Fannie and Freddie which had the backing of the US government and thus no market discipline-as well as the Community Reinvestment Act which required....yes required banks to throw money at people who were not creditworthy entirely for political rather than economic reasons. But.....that doesn't fit very well with the whole socialist agenda so suddenly it becomes a "market failure" as a result of "under-regulation" and the solution-as always with socialists-is more government.

BTW, I didn't know Hypo was an American investment banks. You learn something new every day!

Same logic in the EU. Germany has the third-biggest economy in the world but a comparably weak banking sector. As usual, Germany would have to foot a full third of the bill of any EU bank saving scheme - which would largely be used to re-finance banks in other countries. No thanks.

Well of course not, I'm glad there wasn't a cross-European bailout since we know the countries who would pay and the countries who would benefit.
What is bad is that Merkel went away from the summit and promptly guaranteed savings in German banks. This is what the Irish did previously and which obviously contradicts EU law. Sadly, I think in the UK we have a government that might not have the balls to do the same for our banks, which clearly it has to.

BTW Spanish banks are doing okay, thanks. Maybe Santander will buy up one of your crappy hun financial institutions.

Spanish banks, LOL. Here we call them savings clubs.

LondonCalling wrote:

Well of course not, I'm glad there wasn't a cross-European bailout since we know the countries who would pay and the countries who would benefit.
What is bad is that Merkel went away from the summit and promptly guaranteed savings in German banks. This is what the Irish did previously and which obviously contradicts EU law. Sadly, I think in the UK we have a government that might not have the balls to do the same for our banks, which clearly it has to.

They will have no choice. Being seen as failing to stand up for the national interest in favor of bailing out foreigners will be political suicide in every country. When the shit hits the fan you see where people's loyalty really lies-with their nation-state.

They will have no choice.

You would have thought. By tomorrow, the UK should offer the same guarantees as Ireland and Germany - or bank deposits will flee abroad, further imperiling our own banks.

However, our current government is so inept that whatever they do or don't do shouldn't surprise anyone.

[q=AltesEuropa]

But there are two sides to every coin: as I understand it, this will prevent Germany's hard-earned wealth getting into the greedy paws of countries like Italy, so will be applauded here.

That's the point. Our finance minister loathes to throw good money after bad money which some inept German bank managers flushed down the toilet.

What he loathes even more is first being ignored with his criticism of the US under-regulation of financial markets and then be asked to co-fund the US taxpayer bailout for those loose cannon US investment banks.

Same logic in the EU. Germany has the third-biggest economy in the world but a comparably weak banking sector. As usual, Germany would have to foot a full third of the bill of any EU bank saving scheme - which would largely be used to re-finance banks in other countries. No thanks.

Well actually Europe has its own sub-prime mess. The European housing market is even more inflated than America's. And two years ago housing prices were deflating in America. This hasn't happened in the Eurozone yet besides Spain and already Euro banks are imploding. Variable rate loans are very popular in Europe, and no doubt many German investors took advantage of this, so how is your investment property doing in the UK, Spain, Italy, Greece, and Southern France doing today?

For the moment,France nationalized one bank with belgians (i forgot its name).A franco-belgian bank.

And despite what think some germans, europe can't afford that major banks in europe Sink. So,they will have to be saved by the others if it happens.

It is not forbidden to "lend" the money needed to save them.Like that,after the crisis,they will have their money back.

A week later and look who is laughing now Euro trash bitches. Germany the rulers of the EU all set to abandon it to save themselves.

Why no French or Euro shits posting in here?

Answer is below...

AAAA CCCCCHHHHHHOOOOOOO

And the fact is most of this crisis in Euroland is self created, but they will find some way to blame America.

Trolling requires no replies, I guess.

There still are no major problems here. It has long been known in Europe, that our fragmented banking sector is going to see plenty of mergers sooner or later, and the moment has arrived.

Hypo Real is a big one, then again, it was not nationatilized but given something they call as "liquidity".

US is losing jobs, and fast. What's most terrible (for you), it's happening all over, not just construction or finance sectors anymore.

Huge number of US companies are struggling, they can't get loans, they are unable to invest, and their customers are gone.

"The employment figures were weak in every important dimension," said Pierre Ellis, senior economist at Decision Economics in New York.

"We've seen weaker data in history, but these look pretty decisively to be the beginning of something worse. Employment declines were widespread and large."

Manufacturers shed 51,000 jobs, construction companies cut 35,000 jobs, retailers lost 40,000 posts, business services axed 27,000 positions and financial services slashed 17,000 jobs.

There were also 17,000 posts cut in the leisure and hospitality sector.

Bye bye!

djdv wrote:

Fucking worthless eurotards, remeber what the German FM stated a little over a week ago before the US got its finacial house in order??

German Finance Minister Peer Steinbrueck deemed the US banking crisis an "earthquake" that will cost the US its role as a superpower of the world financial system. He stressed that German banks can cope with losses.

Guess that euro lemming cunt got it all wrong! Now the euro slaves to the islamic fascist are in over their heads with failing banks , falling currency and no flexible position to get out of thier mess! FUCK UM let them all become the islamic republics they so long to support.

FUCK france!

Yes and a day later no less Steinbrueck ate his own shit and panicked for a bail out. And now this European "earthquake" may cost the EU its existence.

simplefrench wrote:

For the moment,France nationalized one bank with belgians (i forgot its name).A franco-belgian bank.

And despite what think some germans, europe can't afford that major banks in europe Sink. So,they will have to be saved by the others if it happens.

It is not forbidden to "lend" the money needed to save them.Like that,after the crisis,they will have their money back.

Who is going to save them? Germans stabbed you in the back again this week. Let me guess SaRzCockzy will ask the U.S for aid again, and if that is what is takes to save FranSS it will have to be done. But know this, Germany Turned its back on France and the EU again, the EU is finished.

The EU is not finished at all. If germans can't (or don't want)participate to an european bailout,it will be done by the others.

BNP the biggest french bank, just bought a foreign bank in difficulty. BNP health is very good for a crisis like that.

Why did SaRzCockzy ask the U.S for bail out money last week then? I suppose he will do it again in light of what has happened in the past few days.

I heard nothing special about Sarkozy.And i did not follow well what the germans decided.

But let's take a middle european country. If their banks collapse,you can't let them die(an image).

English are against an european bailout.I understand them. The US bailout seems not working.But i'm not surprised at all from english. They are among the most egoist people you can find.

Why did SaRzCockzy ask the U.S for bail out money last week then?

Link required.

The Yurp position.

don't panic Michael. If you need money, i will help you lol

Sarkozy last week looking for some bailout money.

news.yahoo.com . . .

Surrender_Monkey wrote:

And now this European "earthquake" may cost the EU its existence.

I wouldn't cry too loud for it, because it is not structured democratically.

anyway it seems to me as bankers have shown people all over the world, what their concept of "fiat money" and other modern financial concepts are really worth.

one thing should be clear:
we should heavily rearrange the financial system after this crisis.. especially deconstruct the power of central banks, that did a major contribution to this crisis (they pumped lots of money into the system after the dot.com-bubble 2000.. which lead to subprime investment and thus to the crisis, we are facing right now).

Surrender_Monkey wrote:

Sarkozy last week looking for some bailout money.

news.yahoo.com . . .

??? Your link doesn't say anything about Sarko wanting money at all.