Trichet on EU Crisis

[antelope]

The Euro is very 'solidde'...but we have to remain put.

http://www.euronews.net/2011/08/30/eu-debt-crisis-gravest-since-world-war-ii-warns-trichet/

 

[THE-BEAKER]

TRICHET 2008

just before lehman went bust.

' there is no credit crunch in europe '


french tosser

 

[zdreg]

Quote from antelope:

The Euro is very 'solidde'...but we have to remain put.

http://www.euronews.net/2011/08/30/eu-debt-crisis-gravest-since-world-war-ii-warns-trichet/

he said remain prudent not put. if he said remain put i would have understood a secret message to buy puts on the euro.

 

[antelope]

Quote from zdreg:

he said remain prudent not put. if he said remain put i would have understood a secret message to buy puts on the euro.

You are right, I listened to the video again and indeed he says prudent, but in such a low tone of voice that I mis-heard.

 

[C6H12O6]

If you're looking for real incompetence, you should look at the german Bundesbank

 

[zdreg]

Quote from C6H12O6:

If you're looking for real incompetence, you should look at the german Bundesbank

?

 

[C6H12O6]

Quote from zdreg:

?

? ?

The Bundesbank didn't complain during the past years when M3 was exploding, growing 10%/year and people and businesses were getting deeper in debt, and german banks were busy profiting from it.
They didn't complain when a housing bubble was spreading in Europe, because Germany was exporting in Europe and balancing the budget.
They are complaining now about "inflation" and "sound money", now that monetary aggregates are shrinking and we are in deflation.
Is this enough ?

BTW, now the ECB staff is "reassessing inflation risk"
http://www.irishtimes.com/newspaper/finance/2011/0830/1224303188589.html
Maybe the geniuses in Frankfurt will lower rates next.
Why ? Because German growth is now slowing close to a recession ?