no1 knows how germany govt. structure works?
Merkel: Germany could leave the Euro to rot.
- Thread starter wilburbear
- Start date
When the german BS is enough:
http://blogs.wsj.com/source/2011/01/19/italy-finally-raises-its-voice-on-euro-bailouts/
But Economy Minister Giulio Tremonti ramped up the decibels after yesterdayâs meeting of European finance ministers, taking a shot at Germany by noting that banks in the blocâs largest economy stood to gain seven times more than Italian lenders from an enlarged European Financial Stability Fund.
Tremonti said:
âEveryone is saying how good and generous and euro-patriotic they are. Well, we can reply to countries with triple-A ratings complaining of the [bailout] burden by pointing out that our banks are exposed to Ireland for 22 billion, yours for 180 billion.â
http://blogs.wsj.com/source/2011/01/19/italy-finally-raises-its-voice-on-euro-bailouts/
But Economy Minister Giulio Tremonti ramped up the decibels after yesterdayâs meeting of European finance ministers, taking a shot at Germany by noting that banks in the blocâs largest economy stood to gain seven times more than Italian lenders from an enlarged European Financial Stability Fund.
Tremonti said:
âEveryone is saying how good and generous and euro-patriotic they are. Well, we can reply to countries with triple-A ratings complaining of the [bailout] burden by pointing out that our banks are exposed to Ireland for 22 billion, yours for 180 billion.â
Quote from zdreg:
The strong and responsible should continue to flourish. The weak, irresponsible, and parasitic... those who overspend while all along expecting a bailout from the strong... should be cut off left to their own devices... either GET THEIR HEAD OUT OF THEIR ASS OR PERISH!
Both on a country scale and individual.... European countries, US States, unions, illegal immigrants...
Quote from C6H12O6:
Don't be so harsh about german banks
German banks are the "weak, irresponsible, parasitic"? Is it German banks paying for the poor behavior of the PIIGS or is it German citizens/taxpayers?
Regardless of who pays, it's my contention that "greedy, financially irresponsible dumbasses" should suffer the consequences of the poor choices they've made.. and not be a burden to others.
they are the most leveraged, and the major buyers of american toxic assets and PIGS bonds.
So hell yes: weak, irresponsible and greedy, and parasitic to taxpayers who now will bail them out.
Why should an italian taxpayer pay to bail out Greece and Ireland, to ultimately save Deutsche Bank ?
Then I agree with you: Deutsche Bank, Commerzbank, etc, should go belly up.
Saving Deutsche Bank is what it's all about? Maybe I don't get it, but seem the bailouts are mostly about preserving a spendthrift society's way of life... "get a job at 20, work 30 hours per week with 6-weeks paid vacation per year, then retire at 50 for the next 30-40 years on the public's nickel"... and have the Germans pay for the shortfall of such a ridiculous social scheme.
Bailouts are not just about banks... to a greater degree includes overspending social, government and pension irresponsibilities.
And a LOT more. Seems you've got blinders on about "bank bailouts"... suggest you look around beyond your apparent tunnel vision.