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Meltdown Europe
- Thread starter Brendan R
- Start date
Negotiations started 2 days after the federal election. This is not a secret...
The same can be said of America as of January 19, 2009. Hussein has as much experience in successful money management as my pubic hair.
Nationalism during hard times is healthy. Read history. Only globalist fools and politicians place other countires' or foreign conglomerate interests above their own countries' well being.
Russia is not in trouble. They have lied to the West long enough to gain moneys needed to rebuild their military, and as any historian (outside UC Berkeley) will tell you, Russia uses its military to get things done. Russia and China will join forces and wage war. Wait and see.
Internal problems are best left to solve internally. Unless you wish to be a citizen of the world, with allegiance to none, its time to grow a pair and fix it yourself without asking the world for aid.
You are correct. The NWO is apolitical, run by those with money and power, wanting more money and power. Money only takes you so far. Power is the ego trip, and they want it all. Bend over, they are not asking for your permission or taking a vote.
I'm reasonably confident both Canadian and EU leadership is aware of this fact.
In Germany, HSH Nordbank â 59pc owned by the city of Hamburg and state of Schleswig-Holstein â rattled the markets yesterday by revealing that it would need â¬30bn in guarantees from Berlin's â¬500bn stabilisation fund. It warned that further sums may be need`ed to meet capital adequacy ratios in the future.
"We are not under time pressure and will be holding in-depth discussions with our stockholders as to the strategy to pursue,'' said Hans Berger, chief executive officer. The bank has had to write down â¬2.3bn over the last year, and suffered heavy losses from the collapse of Lehman Brothers.
Commerzbank said it would seek a combined guarantee and capital boost of â¬23bn, while BayernLB will seek â¬5.4bn. The giant property lender Hypo Real Estate is the biggest casualty so far, needing â¬50bn.
In Austria, a mini-crisis continued to simmer yesterday as the state stepped in "with a few hundred million" to rescue Kommunalkredit, after the public lender said it was suffering a "liqudity squeeze". Austria's banks have heavy exposure to the debt crisis in Ukraine, Hungary and the Balkans.
Europe's banks are almost twice as leveraged as those in the US, according to the IMF. Many pursued a very aggressive lending strategy during the credit bubble. They account for the lion's share of cross-border loans to Latin America, Asia and the entire $1.6 trillion pool of loans to Eastern Europe. Matt King, credit strategist at Citigroup, says they have waited too long to face up to their losses and will need to raise $400bn in fresh capital in a hostile global climate.
"We are not under time pressure and will be holding in-depth discussions with our stockholders as to the strategy to pursue,'' said Hans Berger, chief executive officer. The bank has had to write down â¬2.3bn over the last year, and suffered heavy losses from the collapse of Lehman Brothers.
Commerzbank said it would seek a combined guarantee and capital boost of â¬23bn, while BayernLB will seek â¬5.4bn. The giant property lender Hypo Real Estate is the biggest casualty so far, needing â¬50bn.
In Austria, a mini-crisis continued to simmer yesterday as the state stepped in "with a few hundred million" to rescue Kommunalkredit, after the public lender said it was suffering a "liqudity squeeze". Austria's banks have heavy exposure to the debt crisis in Ukraine, Hungary and the Balkans.
Europe's banks are almost twice as leveraged as those in the US, according to the IMF. Many pursued a very aggressive lending strategy during the credit bubble. They account for the lion's share of cross-border loans to Latin America, Asia and the entire $1.6 trillion pool of loans to Eastern Europe. Matt King, credit strategist at Citigroup, says they have waited too long to face up to their losses and will need to raise $400bn in fresh capital in a hostile global climate.
Brendan, confess your sins, you work for the most famous and hilarious newspaper of the web, don't you ? 
http://www.telegraph.co.uk/news/wor...to-seize-banks-German-bail-outs-escalate.html
BTW you bring good luck: today in Northern Italy is a very rainy day, but customers keep coming, orders keep coming. This November starts off on the right foot
http://www.telegraph.co.uk/news/wor...to-seize-banks-German-bail-outs-escalate.html
BTW you bring good luck: today in Northern Italy is a very rainy day, but customers keep coming, orders keep coming. This November starts off on the right foot
Quote from C6H12O6:
Brendan, confess your sins, you work for the most famous and hilarious newspaper of the web, don't you ?
http://www.telegraph.co.uk/news/wor...to-seize-banks-German-bail-outs-escalate.html
BTW you bring good luck: today in Northern Italy is a very rainy day, but customers keep coming, orders keep coming. This November starts off on the right foot
I didn't know you were selling umbrellas
with the notable exception of the post with the infographic, you can most assuredly say that this thread is a pile of stinking crap.
Op is whining about socialism -- he must be 17 years old if he thinks current europe is "socialist". And get this -- what country is posting the biggest absolute GDP gains ? I'll give you a hint, they're run by a single communist party.
Op is whining about socialism -- he must be 17 years old if he thinks current europe is "socialist". And get this -- what country is posting the biggest absolute GDP gains ? I'll give you a hint, they're run by a single communist party.