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    How insane would it be for the ECB to raise rates 5/5/10

    Wait, I hear something... is that a "Thank you !" coming from european exporters ? :D
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    All eyes on Italy...

    Completely false. Sadly I don't expect nothing else but lies from the british/american press. But let's talk about the auction, how did it go ?
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    Greece

    I'm sorry to disprove your theory, but Italian private debt/GDP is 35%, the lowest among all the civilized countries, and Italian aggregate debt/GDP is comparable to Germany's. Perhaps you should stop reading losers like ZeroHedge :D
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    Merkel Says Euro-Zone Expulsion Should Be an Option

    A good read ? That british guy has been bashing the euro and insulting Trichet for years. :D
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    Ireland, Greece May Leave Euro

    I'm afraid USA can't. Money is backed by debt, printing money means expanding debt.
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    Ireland, Greece May Leave Euro

    makloda, they stole our ideas ! :D Greece could sell islands to cut debt - German MPs BERLIN, March 4 (Reuters) - Greece should consider selling some of its islands as one option to reduce debt, two members of the German parliament in Chancellor Angela Merkel's centre-right coalition...
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    Will the EU Go After Goldmans?

    wanna laugh ? Draghi Had No Role in Greek Swaps at Goldman, Bank of Italy Says By Lorenzo Totaro Feb. 17 (Bloomberg) -- Bank of Italy Governor Mario Draghi had no role in swaps arranged by Goldman Sachs Group Inc. for the Greek government in 2002, the central bank said in a statement today...
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    Will the EU Go After Goldmans?

    psytrade is right. Briefly, in 1992 banks deserted a bond auction, they wanted privatizations = take the Italian Central Bank away from goverment, and a lot of other state owned corporations. Goldman and other banks bought those companies with a few money. Then they dismantled them, so that...
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    Will the EU Go After Goldmans?

    I mean the member of BIS, I mean the chairman of the Financial Stability Board. http://en.wikipedia.org/wiki/Mario_Draghi Don't underestimate GS. He's italian, but since I'm italian too and I know well what he and Goldman did in 1992 against Italy, I don't consider him italian any more. I...
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    Will the EU Go After Goldmans?

    I agree with you, but keep in mind that an ex-Goldman is "inside" ECB: namely the boss of the Italian Central Bank, Mr.Mario Draghi. They wont go down without fighting. I'm afraid they will never go.
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    Collapse of the euro is 'inevitable' says French Banking Chief

    It's completely different: By printing, you destroy the value of the money, impoverish those who hold the paper money (I.E. everyone), and destroy the confidence in the Central Bank. By defaulting, you INCREASE the value of the money, impoverish mostly those who hold the bonds, and destroy the...
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    Collapse of the euro is 'inevitable' says French Banking Chief

    I wonder why SocGen pays him :D He says the whole G7 is insolvent and predicts that the world will end: http://www.zerohedge.com/article/albert-edwards-500-net-liabilities-gdp-it-too-late-prevent-collapse-g-7-greece-irrelevant-we well, wait, maybe he's right about the insolvency... :D
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    Collapse of the euro is 'inevitable' says French Banking Chief

    The right choice indeed. But not for UK: for the Euro. If UK had the euro, Germany should now bailout them too :D and the british hole is far deeper than Greece's
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    UK economy 'faces crisis' warns former IMF economist

    I meant the aggregate debt, the UK banks' debt. But if you say that the UK banks are not a concern for the UK government or for the BOE, I believe you, why not ?
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    UK economy 'faces crisis' warns former IMF economist

    UK can print pounds to pay up pound denominated debts. They can't print other currencies. This is the potentially catastrofic source of problems. I'm afraid that Uk's predicament is much worse than Greece's or Spain's.
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    germany and the EU

    Today's news: German economy shrinks 5 percent in 2009, easily worst performance since WWII Exports were down a price-adjusted 14.7 percent, while imports were down 8.9 percent, the office said. http://abcnews.go.com/Business/wireStory?id=9548083 German Economy Stagnated in Fourth...
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    germany and the EU

    zdreg, could you briefly explain how Germany is subsidizing the latin members ? Seriously. Because I live in a "latin member", but I can't figure out how they are doing it. Less seriously, one of my cars is a Mercedes, so I have subsidized their car industry. How much Parmigiano Reggiano and...
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    ECB member Juergen Stark : Markets Can’t Assume Rest of EU Will Rescue Greece

    Breaking news: IMF to Send Team to Greece Tomorrow on Request of Authorities http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aIFC7zX3XTiI From bad to worse.
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    ECB member Juergen Stark : Markets Can’t Assume Rest of EU Will Rescue Greece

    No. Stop watching CNBS, stop reading the Financial Times. :D Seriously, from what I see happening in other countries, I'm glad to have my money and my business here. Public debt is actually private debt, it's the citizens that pay taxes for it, they are the ultimate debtors. Public finances...
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    ECB member Juergen Stark : Markets Can’t Assume Rest of EU Will Rescue Greece

    Debaser, in this thread you seem the most informed, still you're 25 years wrong. Italian households debt/GDP=34%, like americans in 1955 :D Guys, I give you all a valuable piece of info: whenever anyone uses the term "PIGS", don't listen to him, because he doesn't know what he's talking...
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