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2011-10-26 Europe
Italian gov't on brink of collapse
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Posted by Fred 2011-10-26 00:00|| || Front Page|| [5 views ]  Top

#1 Let me know whan an Archduke gets bumped off...
Posted by Raj 2011-10-26 00:50||   2011-10-26 00:50|| Front Page Top

#2 Italy comes under the category of "too big to bail" which, combined with the requirement of unanimous agreement among 17 countries, almost guarantees failure.

With 17 coalition governments in place in the Eurozone, the temptation to extort new concessions in return for going along will be strong.

Alot of things have to go right to avoid catastrophe.
Posted by Frozen Al 2011-10-26 08:18||   2011-10-26 08:18|| Front Page Top

#3 "Italian gov't on brink of collapse"
is as NEWsworthy as
"Pope wears a pointy hat."
Posted by Bright Pebbles 2011-10-26 11:15||   2011-10-26 11:15|| Front Page Top

#4 On Drudge we have the "Merkel Miracle". Don't believe it. Lies and more lies. Just a bunch of Zombies(empty vessels) going through the motions. Nothing is fixed. Spain is still in trouble as the rest are.Look at Argentina now that princes has won a landslide. I think Ross Perot saw this coming a long time ago. Looks like Argentina is going Chavez route. Honey I would love to buy that but my outgo is greater than my income. Reminds me of the Palmer tune "She's so fine I don't care where the money went".
Posted by Dale 2011-10-26 11:25||   2011-10-26 11:25|| Front Page Top

#5 the PIIGS will kill the Euro. Is Merkel willing to give away all of Germany's money to save the PIIGS? Is it her's to give?
Posted by Alaska Paul 2011-10-26 13:03||   2011-10-26 13:03|| Front Page Top

#6 Reuters: Fist fight breaks out in Italian parliament
Posted by Anguper Hupomosing9418 2011-10-26 13:12||   2011-10-26 13:12|| Front Page Top

#7 the PIIGS will kill the Euro

Can't kill something that never was really alive.
Posted by g(r)omgoru 2011-10-26 13:19||   2011-10-26 13:19|| Front Page Top

#8 All this talk about bail-outs and austerity. Sounds like what they need is an Obama style jobs and economic recovery plan - not just for pizza workers, but for teachers and bureaucrats. That would stimulate the economy and free up resources for infrastructure improvements with new roads, parks and aqueducts. Then they could pay down debt without reducing entitlements and do it all without reducing the level of civility between them and the Germans. Nice Germans, nice Germans.
Posted by Hank 2011-10-26 14:48||   2011-10-26 14:48|| Front Page Top

#9 #5 "the PIIGS will kill the Euro. Is Merkel willing to give away all of Germany's money to save the PIIGS? Is it her's to give?"

No, She cannot give Europe anymore money, that may just tear the Nation of Germany apart.

No can do.
Posted by newc 2011-10-26 16:11||   2011-10-26 16:11|| Front Page Top

#10 So how far is Merkel willing to go to save this zombie called the EU? Blow the wad on saving PIIGS and killing Germany, or letting the PIGGS die and saving Germany? That is what it really comes down to for her.

They never got on Greece's or any others when those countries did not hold to their financial standards. No accountability. The free ride is over and now the free ride down the drain begins.
Posted by Alaska Paul 2011-10-26 17:02||   2011-10-26 17:02|| Front Page Top

#11 We killed all the people to save the village.
Posted by Bright Pebbles 2011-10-26 18:26||   2011-10-26 18:26|| Front Page Top

#12 France, Germany, Belgium, and the Netherlands are fatally exposed to an Italian default.

Greece is an hors d'oeuvre.
Posted by Free Radical 2011-10-26 18:51||   2011-10-26 18:51|| Front Page Top

#13 They never got on Greece's or any others when those countries did not hold to their financial standards.

The Germans killed over 5% of the Greek civilian population in WW2, via a combination of deliberate starvation, death camps and the massacre of hundreds (i.e. 100 to 1 ratio) in reprisal for the deaths of individual German soldiers. Now, we say there's no such thing as inter-generational guilt. But has the slate really been wiped clean? Ultimately, I think this shared history is why the Germans will continue footing the bill - they'll play hard to get, but the stench of Germany's campaign of extermination in Greece will permeate Greco-German relations for a long time to come.

Posted by Zhang Fei 2011-10-26 20:26||   2011-10-26 20:26|| Front Page Top

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