Is europe going to implode this weekend???

[chuck_steak]

Originally Posted by HappyTexan

Well Spain is still in denial that it has a fiscal crisis but thankful for their "credit line" with the EU banks.
Their credit rating hit the bottom yesterday with "junk" rating and yields went up to 7% on their debt.

Italy just sold debt and the rate on their bonds hit 6% so it's a matter of time.

Will Europe implode this weekend ? No, I don't think so. Remember, Greece has been on the "brink of catastrophe" for about 3 years now and they are still spending and borrowing.

And Greece has had a run on their banks in the past few days too.

[floridasandy]

Originally Posted by GregW

The financiers that run the EU have figured all this out centuries ago. The EU will not only survive but prosper. That is more then most of our RWNJ's want of our country and economy.

i think the leaders of countries really want to be rulers of countries, and the liberals seem to be okay with that agenda-which is why they support technocrats and the failing european "union". i guess it is just a natural progression of support for "big government" over the will of the people. heck, even the head of the european council (von rompuy) wasn't elected by the people.

zero hedge had an interesting piece on taking away more citizen rights today:
Treaty Negotiated In Secret

The normally-reserved Yves Smith asks whether Obama should be impeached over it.

Democratic Senator Wyden – the head of the committee which is supposed to oversee it – is so furious about the lack of access that he has introduced legislation to force disclosure.

Republican House Oversight Committee Chairman Darrell Issa is so upset by it that he has leaked a document on his website to show what’s going on.

how can anyone argue that this is a good direction for citizens?

as yves smith said:
Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed on them.

[Bideshi]

Originally Posted by joebaldknobber

Where are the Anarchists?

They call them terrorists today.

[chielgirl]

I had a lovely implosion last weekend, warm weather and sunny skies here in Europe.

I spent a wonderful time in Germany, Austria and the Czech Republic.

Oops, I guess the sky is not falling.

[texdav]

Greece is just the small epi center of the worse crisis to hit euorpe since 1945 and its unlike there will be a marshal plan this time as we are too over spent ourselfs for the next few decades.We will see just now long Germany supports the rest of the Euro zone.

[irish_bob]

no , china and the usa would not stand for it