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| Europe |
| Sarkozy says France and Germany will 'never let the euro fail' |
| 2011-01-28 |
| Politician misdirection trick. Wonder what they are up to now? France and Germany will never turn their backs on the euro, French President Nicolas Sarkozy has said in his most robust defence of the troubled single currency to date. Addressing the World Economic Forum in Davos, he told speculators to be prepared for big losses if they bet against the euro. "[Germany's] Chancellor Merkel and myself will never -- do you hear me, never -- let the euro fall," he said. "The euro is Europe. And Europe spells 60 years of peace. Therefore we will never let the euro go or be destroyed... To those who bet against the euro, watch out for your money because we are fully determined to defend the euro." President Sarkozy's intervention comes with the single currency under greater strain than at any time in its short history. Davos has been abuzz with talk of a two-speed Europe, with billionaire investor George Soros warning that the "euro could possibly fall apart" under the strain. |
| Posted by:tipper |
| #7 Time to dust off all my old Francs and Lira(s), DM's. I agree with Merkel. Could be with a rapid dissolving of the Euro the place could boil over, whether nations pissed at nations or just basic breakdown of military and police forces and bad guys rampaging about. Luckily for the average European nearly all have been disarmed for their own protection - wouldn't want to provoke the bad guys you know! I don't think its at that point, but I am going to check my investments' connections. Again. |
| Posted by: swksvolFF 2011-01-28 17:21 |
| #6 Austerity preferable to euro break-up, says German Chancellor Angela Merkel Preserving EuropeÂ’s single currency is vital for peace on the continent, German Chancellor Angela Merkel has claimed. |
| Posted by: tipper 2011-01-28 16:47 |
| #5 "Sarkozy says France and Germany will 'never let the euro fail'" Uh-oh - that means the Euro is doomed. Soon. Moose - beautiful. |
| Posted by: Barbara Skolaut 2011-01-28 16:02 |
| #4 Right now, I think that all that would need to be done to create a financial panic, would be pictures of a new currency to be unveiled, either a "New Euro", or a return to old national currencies. Here's my idea for the New Deutschmark. Featuring Otto Von Bismarck. |
| Posted by: Anonymoose 2011-01-28 15:20 |
| #3 Mr. Sarkozy: who elected you leader of this outfit? Does Merkel agree with your broad sweeping statements that imply that you and Germany will prop up the euro with your assets? |
| Posted by: Alaska Paul 2011-01-28 11:01 |
| #2 Well, Europe was a laboratory that produced nothing but war for centuries. The last 60 years, not so much. So maybe they've got something there. |
| Posted by: gromky 2011-01-28 09:46 |
| #1 So that means Ireland can keep printing zillions of Euros to pay off it's debts to Germany and France and debase the common currency in the process? |
| Posted by: Water Modem 2011-01-28 09:21 |
