Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

Europe's debt crisis intensifies

World Feb. 06, 2010 - 05:22AM JST ( 11 )

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11 Comments

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adaydreamFeb. 06, 2010 - 08:15AM JST

I was watching CNBC today and they were talking about how this makes the dollar look better. I guess we look for those few rays of sunlight. < :-)
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GJDailleultFeb. 06, 2010 - 08:48AM JST

First Iceland, then Ireland, then Greece, and now Spain. The canaries seem to be getting bigger all the time.
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30061015Feb. 06, 2010 - 12:04PM JST

Athens’ decades-old failure to make its sluggish economy more competitive

The Europe union alliance is an ill conceived notion of mutual interest and continental communism, where the stronger members are obligated to carry the burden of the weaker. But, economics is all about beating the competition, not bailing them out. A hoge-poge of European alliances were the cause of WW1, where an attack on one member caused a pile on chain reaction. A chain is only as strong as its weakest link, and as Greece slides into bankruptcy, so goes the alliance and the euro. Spreading the misery around equally is what brought the Soviet Union down. Europeans and their quant notions of social justice do not an economy make.
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SuperLibFeb. 06, 2010 - 04:00PM JST

...shows a little but about the alternative to US debt...
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some14someFeb. 06, 2010 - 05:09PM JST

G7 can't rescue these small nations? No, they themselves are in big trouble and pushing these small countries in the front news.
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BadseyFeb. 06, 2010 - 09:44PM JST

Don't worry, -the EU is too big to fail. Well at least that is what Obama said.
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SargeFeb. 06, 2010 - 10:16PM JST

"It will be able to borrow the 54 billion euros it needs"

Some people never learn.
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bushloverFeb. 07, 2010 - 01:21AM JST

Will America have to bail out Europe yet again?
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m5c32Feb. 07, 2010 - 02:32AM JST

Will America have to bail out Europe yet again?

No, but China might.

In reality more like the IMF would have to. But fist FR and DE would try to settle things so as not to suggest the system was too out of balance.
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BrandedFeb. 07, 2010 - 02:43AM JST

"In reality more like the IMF would have to"

And who is the largest contributor to the IMF ? Yep, looks like the Americans will have to bail out Europe- Again !
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WolfpackFeb. 07, 2010 - 03:38AM JST

Will America have to bail out Europe yet again?

No - Europe you are on your own this time. America needs to worry about it's own debt crisis. I doubt that China would come to America's rescue so let's not get ourselves into that situation in the first place.