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michaelpelly commented Nov 23, 2012Sounds more like "We think we might have a chance, but not really some sound plan"... or more like "somewhere in the future, a bright new unified Europa" ;-)
Draghi: Rationale and principles for Financial Union
- michaelpelly commented Nov 14, 2012
Exactly my point - "Get from the rich and give to the poor" is only a populist street cry - not a good macro-economy drive... 75% tax is equal to confiscation - nobody will accept that easily - and French people, the "poor" people are going paying ...
French Superstar Actor Joins List of Tax Expats
- michaelpelly commented Nov 14, 2012
As I say in many occasions - communists and socialists have no clue of economy drive principles.
French Superstar Actor Joins List of Tax Expats
- michaelpelly commented Nov 8, 2012
Well - Europe seems to taste some bitter reality...
Trade Deficit in U.S. Unexpectedly Narrows on Record Exports
- michaelpelly commented Nov 8, 2012
Quite possible scenario with time horizon of 10-15 years...an average best years labor working life - tell that to 40-50 yrs old Germans and Greeks.
Greece Must Go Bankrupt; Germany Must Exit The Euro - German Economist Homburg
- michaelpelly commented Nov 7, 2012
So far - only because US economy is struggling - do not be fooled - long-term EUR have no chance to sustain 1.3xxx against USD.
Rehn says Greek debt burden becoming increasingly unsustainable
- michaelpelly commented Nov 7, 2012
Master-heads still bulling the stinky EUR! Good luck!
Rehn says Greek debt burden becoming increasingly unsustainable
- michaelpelly commented Oct 29, 2012
Mr Draghi - you are not supposed to be called "president" of whatever (even waterfall) - maybe just "Deutche policy spokesman" or something... To act as capo you need backbone - literally and metaphorically...
Draghi Interview with Der Spiegel
- michaelpelly commented Oct 29, 2012
Maybe the right thing to do - the question is - could they beat the clock of the economic slow and aging retiring population of EU...
Euro zone ponders best path to "GEMU"
- michaelpelly commented Oct 29, 2012
Events are coming to their inevitable conclusion - basic macro-economy - you just can't spend more than you have - at some point the "credibility credit" is running out and you end up broke...
Germany rattled as taxpayer losses loom in Greece
- michaelpelly commented Oct 23, 2012
Gunny, I do not think classic mechanical theory is related to 90% psychology-induced market volatility...but anyway - you may turn right in the quantum-induced world.
Stournaras Says Greek Austerity Package Must Be Completed Today. Or else...