'Euro on edge, will collapse by November if no new crisis plan'
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Uploaded by RussiaToday on Aug 8, 2011
European Central Bank officials have agreed to buy Eurozone government bonds to fight the continental debt crisis. Although it's not clear yet which bonds the bank is going to buy - experts expect them to be from debt-laden countries like Italy and Spain. That's after the German government reportedly admitted that the EU rescue fund won't be able to save Italy, the Eurozone's third biggest economy, if it needs help. The G7 group of the most-industrialised nations are also vowing to support financial stability and welcomed what it called 'decisive actions taken in the U.S. and Europe'. But financier and author Patrick Young says the EU needs to change tack immediately.
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@TurrisBlancus because there is no defaults yet. The crisis can be solved if bond markets close so no country can take on more debt and abolish the welfare state rise taxes and paid off the old debt. If do not work you not eat is a moral for reason. Welfare makes poeple think they can get something for nothing and entitled to what you have if have little bit more than them. how ever this not going to happen so euro is going to collapse.
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it's January... no problem yet...
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@mikis78 I never said equally poor, the word poor would no longer exist. I can tell by your whole paragraph you only think inside the box. Human Nature Changes, T.Boone Pickens is one example, a firm oil supporter, who had a change in ideology of our energy future aka a small part of just one change in human nature. Industry plays a big role in human nature.
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@luc59457 "There should be no riches"? Good luck with that. :) That would be the first time in the history of mankind, communism included. There's always the elite - and the rest.
If everyone where equally poor, sooner or later someone would find a way to get personal advantage. Human nature.
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@mikis78 Can Blame. There should be no riches.The more you support those riches, the more the riches goes in the fews direction. There should be no personal abundance just like there should be nobody without anything, necessities to say the least. Everybody wants to be the next superstar orf economy, Answer: No. The truth is, different strokes for different folks. Some people would rather be a construction worker, some, a paramedic, etc, but to them, they are a superstar of their trade.
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Hey Commie Queers, work on your smug-bastard smiles at 1:25 onward. Plize. You make Americanz criiiiinnnnge at Yur sullied arses working that RT Commie Scheit! Good Fuck on your Mom!
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@nekrothaftis88 Oh that is quite alright, thank you for responding to me :)
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@MyCosmicPath Wipe the debt. Ditch credit. Return to silver backed currency. The only lending needed will be when you need to borrow some tools from a friend so that you can extend your house for the third time in five years!
thelastroadrunner 7 months ago 7
@2tur: We are not all "terrified to take back the power" that's what our founding Fathers were all about. Look @ the "Occupied" people. They're certainly not scared. MTV's even got a program called "True Life: I'm Occupying Wall Street" or something like that......Point is: We Americans are not scared of anything -if anything we're tired off all the Gov't bullshit and lies!
42069girl 4 months ago 3