Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Nickbat on 25 October 2011, 22:35:16
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Read this.
Methinks Silvio is a tad miffed. Mind you, I would be too. ;)
http://www.bbc.co.uk/news/world-europe-15452367 (http://www.bbc.co.uk/news/world-europe-15452367)
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I've always said that Germany would win the next war Economically. Sarkozy should ditch his nom de guerre and revert to Petain ;D
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Read this.
Methinks Silvio is a tad miffed. Mind you, I would be too. ;)
http://www.bbc.co.uk/news/world-europe-15452367 (http://www.bbc.co.uk/news/world-europe-15452367)
All the Italians I know (there are several at work) would be only too happy to see ol' Bunga Bunga sacrificed. Quite possibly literally.
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Read this.
Methinks Silvio is a tad miffed. Mind you, I would be too. ;)
http://www.bbc.co.uk/news/world-europe-15452367 (http://www.bbc.co.uk/news/world-europe-15452367)
All the Italians I know (there are several at work) would be only too happy to see ol' Bunga Bunga sacrificed. Quite possibly literally.
True, but the Italians do have national pride which trumps party politics. Having your PM being told to bring a letter in person to the French/Germans is a tad demeaning - even if you're not a Berlusconi fan. ;)
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What a laugh.
I believe now that the Wednesday meeting has been postponed.
You couldn't make it up. ;D ;D ;D
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Wait for the riots/demo's to start in Italy...just as happened in Greece :y
Might get a bit nastier, methinks :)
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From Zero Hedge:
"Very simply, the facts of the current environment in Europe don’t equal the conclusion that a coordinated effort will restore confidence. The fact of the matter is that European Sovereigns are massively indebted and European banks are massively under-capitalized. The proposed solution of raising capital and issuing fresh debt to solve this issue is a joke.
If I walk away from a home I owe $200k on and its fair market value is $100k (a 50% haircut), does a loan to my bank for $100K from the institution overseeing it change the impairment? No. You’re shuffling the cards. Instead of taking a $100k loss, they now have an asset worth $100k and a new liability of $100k. The asset is still worth $100k. Even though their little maneuver technically gives them an asset of $100k and cash of $100k, my bank now has $100K less to lend against. Thus, their leverage increases.
This analogy applies to European banks holding sovereign paper... and for that matter the countries themselves (ie Italy voting on whether Italy's debt should be purchased by the ECB/IMF/EFSF, etc). At this point, any 'plans' are only slightly more creative than card shuffling tricks from a clown at an 8 year old's birthday party."
http://www.zerohedge.com/news/guest-post-facts-don%E2%80%99t-equal-conclusion-europe (http://www.zerohedge.com/news/guest-post-facts-don%E2%80%99t-equal-conclusion-europe)
;) ;)
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Berlesconi obviously just doesnt get it.Germany now owns Greece and will probably soon own Italy as well.He is suddenly talking like a eurosceptic.If he thinks that the big players cant speak and make decisions on behalf off (and demands on) the weaker players, then he is even more stupid than he looks. ::)
If it isnt stopped,the logical conclusion to all this is that Germany runs Europe with France as its sidekick. So,we effectively fought two world wars for nothing. :(
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...hasn't it disappeared up it's own jacksy yet? Sigh...
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If it isnt stopped,the logical conclusion to all this is that Germany runs Europe with France as its sidekick. So,we effectively fought two world wars for nothing. :(
So.. precisely what Germany has been trying to do for the last 60 years..
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Looks like Berlesconi is going today.One less sleazy little crook in European politics.Im sure there will be another one along any minute. ::)
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http://www.telegraph.co.uk/news/worldnews/europe/italy/1488350/Berlusconi-offers-to-stand-down-over-coalition-row.html (http://www.telegraph.co.uk/news/worldnews/europe/italy/1488350/Berlusconi-offers-to-stand-down-over-coalition-row.html)
So.. He's going.... After hanging on desperately for another few months so he can get his Christmas bonus.
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Looks like Berlesconi is going today.One less sleazy little crook in European politics.Im sure there will be another one along any minute. ::)
Where did you read that, Albs? Because the Telegraph article Kevin linked to is from 2005.. ;)
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Looks like Berlesconi is going today.One less sleazy little crook in European politics.Im sure there will be another one along any minute. ::)
Where did you read that, Albs? Because the Telegraph article Kevin linked to is from 2005.. ;)
Ahh. :-[ That'll teach me to find links in a hurry.
Heard on the news this morning. He's standing down and organising an early election in the new year, apparently.
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Yep - Beeb is reporting it this morning. :y
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Ah, found it: http://www.bloomberg.com/news/2011-10-26/berlusconi-agrees-to-step-down-by-january-repubblica-says.html
Although .. googling around, this appears to be the 198123th time he's said he'll stand down 'soon' - but he's still there ;D Still, I'll see what my usually cynical Italian friend has to say about that ;) (It's entirely possible he's dancing a little jig right now)
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Ah, found it: http://www.bloomberg.com/news/2011-10-26/berlusconi-agrees-to-step-down-by-january-repubblica-says.html
Although .. googling around, this appears to be the 198123th time he's said he'll stand down 'soon' - but he's still there ;D Still, I'll see what my usually cynical Italian friend has to say about that ;) (It's entirely possible he's dancing a little jig right now)
Hence why I stumbled across the wrong link when I googled for it. ;D
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I think the Germans and the french are determined to get rid of him.Italy is in one big financial mess (although Berlesconi swears blind there isnt a problem) and if Italy gets into the position that Greece is now in, there will be no way back for their dearly beloved Euro. ;)
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If he does step down it'll make little difference as the Italian system of government - and local administration in general -depends on practices that can be deemed to be 'unusual' to say the least. :(
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...hasn't it disappeared up it's own jacksy yet? Sigh...
If that were only the case C - liken the problem to a pair of stubborn doughnut bushes, no amount of persuasion (gentle or otherwise) will get them out, short of open warfare with a big bar - a bar so big we would have to refer to it as a Samuel rather than a sammy. :y
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If he does step down it'll make little difference as the Italian system of government - and local administration in general -depends on practices that can be deemed to be 'unusual' to say the least. :(
Indeed, Den. Naturally, there's much giggling about Berlusconi's colourful life but, prior to his tenure, Italy has had a long tradition of changing governments every couple of months. Add this to the fact that the Italians (like the Greeks) are likely to get very vociferous if they are told to cut back (and work longer). A recipe for unease, methinks. So, while people crow about him going, worse could be round the corner. ;)
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...hasn't it disappeared up it's own jacksy yet? Sigh...
If that were only the case C - liken the problem to a pair of stubborn doughnut bushes, no amount of persuasion (gentle or otherwise) will get them out, short of open warfare with a big bar - a bar so big we would have to refer to it as a Samuel rather than a sammy. :y
I take the lazy approach D, it's a problem so self I importent that it doesn't realize you can drive the car, all be it with some irritation, perfectly well with or without! Why huff and puff?
Ignore it! Leave it to rot and collapse all by itself. Job done with feet up!
Only worry then is what might replace it, but there you go.
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...hasn't it disappeared up it's own jacksy yet? Sigh...
If that were only the case C - liken the problem to a pair of stubborn doughnut bushes, no amount of persuasion (gentle or otherwise) will get them out, short of open warfare with a big bar - a bar so big we would have to refer to it as a Samuel rather than a sammy. :y
I take the lazy approach D, it's a problem so self I importent that it doesn't realize you can drive the car, all be it with some irritation, perfectly well with or without! Why huff and puff?
Ignore it! Leave it to rot and collapse all by itself. Job done with feet up!
Only worry then is what might replace it, but there you go.
Bah, 3 posts on an eu thread, that's WAY more attention than it deserves.
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Bah, 3 posts on an eu thread, that's WAY more attention than it deserves.
Yeah. Barely worth taking your head out of the sand for... ;) ;) ;D
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Bah, 3 posts on an eu thread, that's WAY more attention than it deserves.
Yeah. Barely worth taking your head out of the sand for... ;) ;) ;D
...what? And acknowledge it's existence? LikBah, 3 posts on an eu thread, that's WAY more attention than it deserves.
Yeah. Barely worth taking your head out of the sand for... ;) ;) ;D
certainly not worth over 7k on the subject. Usually spam is deleted. ;)
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Although I find all these shenanigans amusing, there is a serious side to it all. At the end of the day someone (rich) will end up losing a lot of money and when that happens the little people always end up paying.
I detect a certain smugness from us Brits in that thank God we never went into the euro and it is now their problem. I suspect that the fallout will also hit Brits - as Cameroon says. I know for certain it will hit residents in Spain. We are getting a new government in November (either Conservative or just maybe a coalition) so I am anticipating austerity measures there unless the Italians offer enough austerity( making the little people poorer) measures. Here is hoping Berly turns up with a shed load of measures to appease the "markets".
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...hasn't it disappeared up it's own jacksy yet? Sigh...
If that were only the case C - liken the problem to a pair of stubborn doughnut bushes, no amount of persuasion (gentle or otherwise) will get them out, short of open warfare with a big bar - a bar so big we would have to refer to it as a Samuel rather than a sammy. :y
I take the lazy approach D, it's a problem so self I importent that it doesn't realize you can drive the car, all be it with some irritation, perfectly well with or without! Why huff and puff?
Ignore it! Leave it to rot and collapse all by itself. Job done with feet up!
Only worry then is what might replace it, but there you go.
Bah, 3 posts on an eu thread, that's WAY more attention than it deserves.
;D ;D ;D Splendid. :-*