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MERKEL WON'T BUDGE, SPAIN AND ITALY GET DESTROYED
TBI ^ | 6-18-2012 | Simone Foxman

Posted on 06/18/2012 10:46:33 AM PDT by blam

MERKEL WON'T BUDGE, SPAIN AND ITALY GET DESTROYED

Simone Foxman
June 18, 2012, 11:40 AM

The Spanish IBEX 35 and the Italian FTSE MIB got crushed today, after Greek elections failed to reassure markets that anything has changed for the troubled Spain and Italy.

Comments from German Chancellor Angela Merkel worsened the blow. She told reporters near the end of European trading that she will not budge on the terms of the Greece aid package.

In core Europe, the DAX held on to gains to end just slightly higher, but the French CAC 40 fell 1 percent.

That negativity appears to have carried over into U.S. markets, all of which appeared to drop significantly in the wake of those headlines. Only the NASDAQ is holding onto gains.

Here's Spain, down 3.0 percent:

Yahoo Finance

And Italy, down 2.9 percent:


(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: eu; europe; italy; spain

1 posted on 06/18/2012 10:46:44 AM PDT by blam
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To: bruinbirdman

Ping.


2 posted on 06/18/2012 10:48:09 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: blam

Merkel can’t turn Germany into the PIGSy bank for the sick men of Europe. She’d be chased out of office by mobs if she did.

And she knows it.


3 posted on 06/18/2012 10:50:40 AM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: blam

Italy would have to barrow money at 7% to give to Spain a 3% in the deal. It’s a mess.


4 posted on 06/18/2012 10:50:43 AM PDT by edcoil (It is not over until I win.)
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To: blam
Doesn't Angela understand that the purpose of the EU is to redistribute Germany's wealth?
5 posted on 06/18/2012 10:51:58 AM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: blam

The kids are starting to blame Mom for their allowances being too small!


6 posted on 06/18/2012 10:53:14 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: blam

I think this time we will be on Germany’s side of the upcoming pan-European war...


7 posted on 06/18/2012 10:53:23 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: E. Pluribus Unum
Forget The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe
8 posted on 06/18/2012 10:53:42 AM PDT by blam
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To: blam

I’d like to know when the world decided that Germany and the U.S. had to support the rest of the world.


9 posted on 06/18/2012 10:55:46 AM PDT by RC2 (Buy American and support the Wounded Warrior Project whenever possible.)
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To: E. Pluribus Unum
Doesn't Angela understand that the purpose of the EU is to redistribute Germany's wealth?

The purpose of the EU has been, and always will be, to give France and Germany the total control over Europe through economic means that a couple of centuries of on-again, off-again warfare failed to accomplish.

Looks like it's working (except for the UK's refusal to get completely on board).

10 posted on 06/18/2012 10:56:09 AM PDT by kevkrom (Those in a rush to trample the Constitution seem to forget that it is the source of their authority.)
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To: blam

But wait, the liberal mediots on the MSM and those giving the left side of the news on Fox have assured us that the election in Greece solved everything.


11 posted on 06/18/2012 11:07:00 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Wyatt's Torch

I will be supporting England.


12 posted on 06/18/2012 11:07:50 AM PDT by wolfman23601
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To: blam

The Party’s Over Lyrics
Performed by Nat King Cole

-Artist: Nat King Cole
-Words by Betty Comden and Adolph Green and Music by Jule Styne
-introduced by Judy Holliday in her last film “Bells Are Ringing” (1956), also starring
-Dean Martin and Jean Stapleton -charted by Doris Day at # 63 in 1957

The party’s over
It’s time to call it a day
They’ve burst your pretty balloon
And taken the moon away
It’s time to wind up the masquerade
Just make your mind up the piper must be paid

The party’s over
The candles flicker and dim
You danced and dreamed through the night
It seemed to be right just being with him
Now you must wake up, all dreams must end
Take off your makeup, the party’s over
It’s all over, my friend

- instrumental ‘the party’s over’ -

The party’s over

- instrumental ‘it’s time to call it a day’ -

It’s time to call it a day

- instrumental - ‘they’ve burst your pretty balloon and taken the moon away’

Now you must wake up, all dreams must end
Take off your makeup, the party’s over
It’s all over, my friend

It’s all over, my friend


13 posted on 06/18/2012 11:14:58 AM PDT by Red Badger (Think logically. Act normally.................)
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To: kevkrom

Exactly... and Germany isn’t any better than Italy, Spain or Greece, they just control the central banks and can manipulate interest rates in their favor and force loans to surrender sovereignty. This “crisis” is no crisis at all, it was all a part of the plan. It wasn’t long ago Germany were the sick man of Europe.


14 posted on 06/18/2012 11:17:23 AM PDT by wolfman23601
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To: blam

A couple of things to keep in mind is that neither Germany, nor Merkel, put Spain and Italy in the positions they are in - they did it to themselves. The same would be true if it were the US. We are spending ourselves into oblivion, while the kenyan enjoys lavish vacations on the taxpayer’s dime and spends his time playing golf. What country would, or COULD, bail us out under those conditions when the time comes?


15 posted on 06/18/2012 11:18:59 AM PDT by The Sons of Liberty (Sworn to Defend The Constitution Against ALL Enemies, Foreign and Domestic. So Help Me GOD!)
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To: The Sons of Liberty
By the way, what is going to happen to Europe when war breaks out in the Middle East and Oil prices spike?

I think Bibi has an "October Suprise" for Obama.

16 posted on 06/18/2012 11:24:01 AM PDT by In Maryland (Liberal logic - the ultimate oxymoron!)
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To: wolfman23601

The whole point of the EU was to be a red herring for Germany’s economic control over Europe, never mind the rotating presidency since we all know who’s pulling the puppet strings behind the closed doors in Brussels.

The EU is nothing more than a leveraging tool to “carrot and stick” the rest of Europe into allowing German economic control, NATO is simply the muscle behind the EU collection agency.


17 posted on 06/18/2012 11:25:28 AM PDT by PT57A
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To: RC2

——I’d like to know when the world decided that Germany and the U.S. had to support the rest of the world.——

Those who can, do. Those who won’t, steal.


18 posted on 06/18/2012 11:26:36 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: Wyatt's Torch
Greek Shipper: I Am Taking My Family Out Of Athens To Avoid The Coming Ubrest
19 posted on 06/18/2012 11:28:24 AM PDT by blam
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To: kevkrom

The problem with that is that France and Germany are historic enemies, and the Gloire de La Belle France can not easily coexist with the Vaterland.


20 posted on 06/18/2012 11:35:18 AM PDT by expat2
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To: Wyatt's Torch

Not with this fool in the White House.


21 posted on 06/18/2012 11:36:11 AM PDT by Boogieman
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To: PT57A

And our military gets its targets and rules of engagement from NATO.

Its a crime against our rights, our Constitution and the taxpayers who are funding NATO’s objectives.


22 posted on 06/18/2012 11:44:41 AM PDT by hedgetrimmer
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To: wolfman23601

Germany took a temporary economic hit when they had to assimilate the former “East Germany” and bring them up to the 21st century after decades of rotting under Soviet communism. The Germans have always had a productive economy and it still is today. It seems that among the Europeans, only the Germans and Poles care about working.

As for a “Pan-European war” that some poster refer to, I don’t see how a bunch of countries that aren’t willing to work hard would be willing to fight hard. Nothing that Europe has done in the last generation indicates otherwise. If they do declare a “war” it will be no more serious than a sorority pillow fight.


23 posted on 06/18/2012 11:45:25 AM PDT by henkster (Why should I care? Why should I care?)
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To: blam

Merkel knows that the Med countries can’t be saved. This guys has some GREAT charts showing the problem.

http://confoundedinterest.wordpress.com/2012/06/18/bailout-fizzies-spanish-italian-yields-jump-spain-10s-over-7/


24 posted on 06/18/2012 11:46:27 AM PDT by whitedog57
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To: E. Pluribus Unum

Germany has been prospering mightily off the backs of the PIGs. If the Euro dies, the Deutschmark will shoot up through the roof and Germany will be out of the export business.


25 posted on 06/18/2012 12:02:47 PM PDT by Arthurio
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To: expat2

I think the real trick was Germany managing to convince France that they’d share the control.


26 posted on 06/18/2012 12:06:15 PM PDT by kevkrom (Those in a rush to trample the Constitution seem to forget that it is the source of their authority.)
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To: blam
Ah, so Ari's Onassis on the line.

≤}B^)

27 posted on 06/18/2012 12:14:44 PM PDT by Erasmus (Zwischen des Teufels und des tiefes, blaues Meers)
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To: blam

I don’t blame her. Why in the world should Germany; who believes in being productive and hard working, and in saving and investing be forced to constantly use their money to bail out the deadbeats of Europe.


28 posted on 06/18/2012 12:33:33 PM PDT by Jean2
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To: Red Badger

I heard Dandy Don Meridith singing about the party being over on Monday Night Football all those years ago.

(I don’t think you could nickname a football player “Dandy” these days.)


29 posted on 06/18/2012 12:50:08 PM PDT by citizen (Obomo blames:Arab Spring,Banks,Big Oil,Bush,Ceos,Coal,Euro Zone,FNC,Jpn Tsunami,T Party,Wall St,You)
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To: blam

I never understood the EU, still don’t. Why would Countries cowtow to another government entity. Voluntarily giving up their right as a Country to rule themselves? Don’t get it. Why should 1 Country that is doing fairly well continue to bleed themselves dry to save a broken socialist state? Doesn’t make sense to me!


30 posted on 06/18/2012 1:43:24 PM PDT by vpintheak (Occupy your Brain!)
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To: Wyatt's Torch

No new war—at least a major war—in Europe. The nations couldn’t afford to fight such a war. Germany is about to take over the whole of Europe without firing a shot. Der Tag is here! maybe they can do a better job than the EU. Today, Europe, Tomorrow the world. Lots of heads are going to need cracking and the unions broken to set things right. If I was an islamic person I would be packing my bag about now. watch and see the coming fight between France and Germany—it will not be pretty and we can guess the outcome. (hint: same as the one before).


31 posted on 06/18/2012 2:12:44 PM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: Army Air Corps
Well, Merkel Schmerkel (East German Commie), the whole EUSSR socialist experiment is USSR collapse repeating itself. Same ideolog players (commies all).

Here is the European Communist, Third Way, Soros response:

EU: Greek agony drags on as Asphyxiation Bloc wins

"in Spain, where the government is forced to borrow money (at nearly 7%) it can hardly raise in order to shore up banks that are borrowing from the ECB (at 1%) to lend to the Spanish government (at 7%) so that the latter can… bail them out. Not even the sickest of minds could make this up!""

yitbos

32 posted on 06/18/2012 2:26:23 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Forward the Light Brigade

I’m not sure they are going to be able to help it. I think the civil unrest after the financial collapse of Greece, Spain, Italy and then France will set off a series of massive protests, looting and anarchy. The governments are going to be forced to take up arms to put down the rebellions and then all bets are off.


33 posted on 06/18/2012 7:52:51 PM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Wyatt's Torch; Army Air Corps
"The governments are going to be forced to take up arms to put down the rebellions "

Hmm.... EU has experience with countries who don't want to join. They just bomb the hell out of them until they cry for mercy, then give half the country to the Islams.

How would they act if someone wants to leave?

yitbos

34 posted on 06/18/2012 8:16:49 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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