NexusFi: Find Your Edge


Home Menu

 





Will Germany leave the Euro ?


Discussion in Off-Topic

Updated
      Top Posters
    1. looks_one zt379 with 24 posts (19 thanks)
    2. looks_two Fat Tails with 18 posts (59 thanks)
    3. looks_3 Silvester17 with 8 posts (5 thanks)
    4. looks_4 Tiberius with 4 posts (0 thanks)
      Best Posters
    1. looks_one Fat Tails with 3.3 thanks per post
    2. looks_two tre436 with 2 thanks per post
    3. looks_3 zt379 with 0.8 thanks per post
    4. looks_4 Silvester17 with 0.6 thanks per post
    1. trending_up 17,592 views
    2. thumb_up 101 thanks given
    3. group 14 followers
    1. forum 76 posts
    2. attach_file 6 attachments




View Poll Results: Will Germany leave the Euro
Yes 8 17.02%
Yes
8 17.02%
No 36 76.60%
No
36 76.60%
Don't know 3 6.38%
Don't know
3 6.38%
Voters: 47. You may not vote on this poll

 
Search this Thread

Will Germany leave the Euro ?

  #71 (permalink)
 zt379 
UK London
 
Platform: NT
Posts: 2,028 since Sep 2009
Thanks Given: 1,544
Thanks Received: 1,924

Europe Crisis Timeline: Maastricht to Papandreou

Europe Crisis Timeline: Maastricht to Papandreou - Bloomberg

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Request for MACD with option to use different MAs for fa …
NinjaTrader
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - April 2024
Feedback and Announcements
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
58 thanks
Battlestations: Show us your trading desks!
55 thanks
NexusFi site changelog and issues/problem reporting
48 thanks
What percentage per day is possible? [Poll]
31 thanks
GFIs1 1 DAX trade per day journal
29 thanks

  #72 (permalink)
 zt379 
UK London
 
Platform: NT
Posts: 2,028 since Sep 2009
Thanks Given: 1,544
Thanks Received: 1,924

Some interesting thoughts/articles and interviews put together here:

A True Greek Tragedy - Odyssey of The EU:

A True Greek Tragedy - Odyssey of the EU

"The cradle of democracy is under attack. The inherent anatomy of the human spirit is at stake. What was won at the Battle of Thermoplyea was lost in the banksters board rooms that control the EU. The fluidity of this definitive game of chicken, poses the beheading of the rooster and the scorching of all the hens. This journey into Land of the Lotus Eaters, not only needs to blind Polyphemus, but must destroy his New World Order father, Poseidon. The designed destruction of democratic authority is meant to eliminate any referendum on the EU despotism. The phony debt instruments caused the Greek default, that will soon spread the planetary misery, on the rest of us. Western civilization’s birth, owes homage to the Greek principle of individual autonomy. Its demise is a product of the inherent betrayal of humanity by the forces of financial exploitation, that exemplifies I Timothy For the love of money is a root of all kinds of evils."

Started this thread Reply With Quote
  #73 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


The Eurozone is running modest budget deficits, particularly when compared to the US or the UK. The total budget deficit is about 4.2% There are just some odd countries (Ireland and Greece, followed by Spain and Portugal), who are running Ponzi schemes.

The Euro does not allow those countries to print money. This makes a default possible, which may be more a threat to the banking sector than the Euro. The UK and the US have own currencies and unlimited access to the printing press, which allows them to run higher budget deficits than the Eurozone.

Once the noise is over, the Euro might be stronger than before. The 26-week moving average of the Euro versus the USD just shows a slow cyclical movement.



Source: Ernst & Young


Reply With Quote
  #74 (permalink)
 zt379 
UK London
 
Platform: NT
Posts: 2,028 since Sep 2009
Thanks Given: 1,544
Thanks Received: 1,924

So it's all about Greek corruption is it ? !

Express.co.uk - Home of the Daily and Sunday Express | UK News :: Bungling EU loses £4billion in a year

"The annual report from the European Court of Auditors found that 3.7 per cent of the European Union’s £105billion budget for 2010 was lost through fraud and error. This is equivalent to a third of Britain’s annual £12billion contribution to EU coffers."

The Fed Under Fire


When your country goes broke




Inside Job - Oscar winner acceptance speech


Started this thread Reply With Quote
  #75 (permalink)
 zt379 
UK London
 
Platform: NT
Posts: 2,028 since Sep 2009
Thanks Given: 1,544
Thanks Received: 1,924

Berlusconi Resigns as Monti Prepares New Italian Government - Bloomberg

"Prime Minister Silvio Berlusconi resigned, paving the way for former European Union Competition Commissioner Mario Monti to form a government that will try to protect Italy from being engulfed by the region’s debt crisis."



Greece and Italy Seek a Solution From Technocrats:

https://www.nytimes.com/2011/11/11/world/europe/greece-and-italy-ask-technocrats-to-find-solution.html?pagewanted=1&_r=2

"In Italy, momentum was building behind Mario Monti, a former European commissioner, to replace the once-invincible Prime Minister Silvio Berlusconi as early as Monday. "
"Greece named Lucas Papademos, a former vice president of the European Central Bank,"



"Sold To You": European Banks Quietly Dumping ?300 Billion In Italian Debt | ZeroHedge

"While the market is ripping today on absolutely nothing (earlier we noted the rotation of muppet X with muppet Y - this changes nothing but who cares), BTPs are soaring, and confusion is prevalent, one thing is certain: we now know who is not buying Italian bonds. As IFR reports, "European banks are planning to dump more of the €300bn they own in Italian government debt, as they seek to pre-empt a worsening of the region’s debt crisis and avoid crippling writedowns – a move that could scupper the European Central Bank’s efforts to bring down soaring yields. "

"The German group – which considers Italy a “second home market”, according to Oliver Bäte, chief financial officer – has some of the biggest sovereign exposure to Italy of any non-Italian financial institution, with government bonds worth €25.6bn at the end of the third quarter, equal to more than 6 per cent of the company’s €413bn fixed income portfolio." Is it clear now why the EFSF as a €1 trillion vacuum cleaner idea came straight out of Allianz? And is it clear now who has the most to lose with the failure of the EFSF as a multifunctional Swiss Army bailout knife?"


So we shall see how well bankers and commissioners deal with the crisis created by the fraud of bankers and commissioners, and what this all has in stall for the Euro.

PS: is it Monti as in Python ? !!

Started this thread Reply With Quote
  #76 (permalink)
 zt379 
UK London
 
Platform: NT
Posts: 2,028 since Sep 2009
Thanks Given: 1,544
Thanks Received: 1,924

Just a run down of who has been democratically elected and who has not.
Along with some interesting quotes from each.

Eurozone crisis: who is pulling the strings in Europe? - Telegraph

Started this thread Reply With Quote
  #77 (permalink)
 
dee50's Avatar
 dee50 
cordoba spain
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6E
Posts: 71 since Feb 2011
Thanks Given: 77
Thanks Received: 38

The ECB will print more money and buy the debts of the fringe countries, regardless of what those idiots Merkel and Sarkozy want, why? because there is no other alternative. Austerity Measures will not work because the price of servicing the debt will be too great. No one will leave the European Union because they have a damn sight more to lose if they do. Spain and Greece for example can not afford to leave the EU because so many of their citizens are dependant on the subsidies handed out to them year in year out, by the EU, their infrastructures would suffer and deterioate because they would lose access to the billions of euros in grants that they receive, this does not just apply to the PIIGS but also to Germany, France etc. Each country has become intrinsically interwoven and dependant on "THE SYSTEM", that in order to break away from it would cause so much mayhem it would take years if not decades to recover.

The Americans have the right idea. Print as much money as you can, pour it into the local economy to stimulate growth particularly in the accounts of the allready wealthy and then when your children are old enough they can sort out the mess that has been left for them.

Out of curiosity, has anyone been able to find out where the 13 trillion dollars went, it sure as hell has not shown up in the pockets of ordinary people.

Can anyone answer this for me in plain English.

Why is GDP used as the measure of debt. GDP is a largely fictious figure, like many produced by governments. Surely it would be more relevant to compare Expenditure against Income, basic accounting. Income being Tax Revenues + Others. Would this not reveal a different picture or would the truth be too shocking??

Reply With Quote





Last Updated on November 28, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts