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| Europe |
| Forget the wolf pack – the ongoing euro crisis was caused by EMU |
| 2010-05-16 |
| Jean-Claude Trichet tells us the world faced a second Lehman crash in the days and hours before EU leaders launched their €720bn (£612bn) defence fund. If the European Central Bank's president is correct, we are in trouble. The EU-IMF package is already unraveling. What will the West do for its next trick? |
| Posted by:tipper |
| #5 European Monetary Union - which is remarkably like a large flightless bird |
| Posted by: DMFD 2010-05-16 22:21 |
| #4 The Greece bailout wasn't a bailout of Greece. It was a bailout of the banks who lent to Greece. |
| Posted by: phil_b 2010-05-16 21:19 |
| #3 Uh, uh, EMU = the LARGE FLIGHTLESS BIRD from NEW ZEALAND??? NEW Z-E-E-E-LAND??? Gut nuthin. |
| Posted by: JosephMendiola 2010-05-16 21:12 |
| #2 He's saying that he got a bankrupt company to keep trading whilst technically insolvent like it's a good thing... The real price of the bailout? Cushy Jobs for Ex-EUSSR bureaucrats. |
| Posted by: Bright Pebbles 2010-05-16 17:05 |
| #1 The Euro crisis was caused by borrowing more euros than the euros could pay back. Sound familiar? |
| Posted by: Anguper Hupomosing9418 2010-05-16 15:45 |