Europe to anglo-saxons:- Drop Dead!

[Mega]

http://www.bloomberg.com/news/2011-1...t-to-last.html

They will not allow New York/London to smash the Euro..........
Mike

[GRG55]

Re: Europe to anglo-saxons:- Drop Dead!

http://www.bloomberg.com/news/2011-1...t-to-last.html

They will not allow New York/London to smash the Euro..........
Mike

Anglo Saxons to Europe: "No soup for you"

U.S. rejects plan to strengthen IMF in euro zone crisis

Fri Oct 14, 2011 10:36am EDT

PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis immediately ran into resistance from the United States and others, burying the idea for now and firmly putting the onus back on Europe...

Treasury Secretary Timothy Geithner wasted no time in shooting the idea down...

...Canada and Australia also voiced opposition.

"They (the IMF) have very substantial resources that are uncommitted," Geithner said...

..."The first priority here is for Europeans to put their own house in order," Australian Finance Minister Wayne Swan said...

...If minds needed concentrating further, the downgrade of Spain's credit rating a few hours earlier highlighted the risk of a much larger economy than Greece coming under threat...

...Canadian Finance Minister Jim Flaherty also said the G20 should keep up pressure on the euro zone on its "arduous" journey toward a solution and not focus on IMF resources.

[Mega]

Re: Europe to anglo-saxons:- Drop Dead!

Meantime China just sits back....& waits!
Mike

[GRG55]

Re: Europe to anglo-saxons:- Drop Dead!

Meantime China just sits back....& waits!
Mike

Well not exactly.

This was a pretty funny hard landing in China: http://www.zerohedge.com/news/pride-...during-airshow

[GRG55]

Re: Europe to anglo-saxons:- Drop Dead!

Meantime China just sits back....& waits!
Mike

C'mon Mega. You know the Chinese banks are even more bankrupt than the ones in Europe. And they can't be nationalized like Northern Rock and RBS were because...they are already owned by the government. The Chinese want the yuan to be a significant part of a new global reserve currency structure not because they don't like what the Americans are doing to the Dollar, but because they want to be able to do the same as the Americans. Print. Without immediate consequence.

[Mega]

Re: Europe to anglo-saxons:- Drop Dead!