Hey, I guess they’re right. Although slow and dangerous behind the wheel, senior citizens can still serve a pupose. Dont you go dyin on me!
This thread has gone quiet.
Fella on CNBC this morning:
The Germans are trying to come up with a “final solution” for the European problem.
I laughed anyway. Although I don’t think it was intentional.
Italian bonds back north of 7% again today.
Spainish bonds up to 6.3%
French bonds still rising.
This is a long way from over.
It’s only just getting started mate.
Walked past the Dail there, seemed to be a big crowd gathered for the student fees protest
VAT to be increased to 23%
http://uk.reuters.com/article/2011/11/17/uk-ireland-budget-idUKTRE7AG10H20111117
Was this announced in the German Parliament or something? Suppose that seems right…
Raising VAT should stimulate demand in the economy anyway. Leo Varadkar will be happy as it’s not a regressive tax, at least he says so, and Leo is never wrong. :rolleyes:
Also in todays edition of Euro Meltdown, Spain were charged 6.97% on their 10 year bonds in an auction held earlier, just shy of the magical 7%.
In a worrying trend Germany only managed to sell €3.8bn of the €6bn worth of bonds the issued in a bond auction today.
Investors appear to be demanding a higher interest rate, even from Germany.
Kevin Cardiff’s nomination to the European Court of Auditors has been rejected in Brussels. How embarrassing. However well qualified he is, and let’s face it anyone could miss out on 3.6 Billion, he should not have been allowed go forward once that gaffe* had been identified.
*hope I’ve gotten it right this time.
It’s the first time they have ever rejected anyone. He can still be elected to the position by the main parliament but without the recommendation of that committee it seems unlikely.
Probably just return to his 200k a year job in the civil service
It’s the first time they have ever rejected anyone. He can still be elected to the position by the main parliament but without the recommendation of that committee it seems unlikely.
Probably just return to his 200k a year job in the civil service
The world is falling apart again. Herr merkel has said there will be no big changes to the ecb.
Needless to say we can expect big changes to the ecb shortly
I work in an important role in a bank so I don’t understand any of this but it bores the absolute shit out of me. It amuses me somewhat at the same time the way one week the whole thing is set to collapse and then the next week there’s no mention of it whatsoever.
Convert all your money into Zlotty mate. We’ll go out with a bang in June
the germans want the euro to collapse. either that or Merkel is stupid.
Merkel is a woman.
Todays Summary.
Italy raised €10bn in short term borrowings today but had to pay a massive 6.504% interest on the 6 month money.
This is double the amount they had to pay at similar auction just a month ago.
Their 10 year bonds are still up around 7.3%
We are edging closing to the end.