Finland and Netherlands will block ESM from buying bonds. [NotSoBreaking] - MarketTicker Forums


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User Info	Finland and Netherlands will block ESM from buying bonds. in forum [NotSoBreaking]
Kamath Posts: 1539 Incept: 2009-04-04 Sweden	Finland and Netherlands will block ESM from buying bonds on the secondary market, a Finnish government source has told Reuters. ---------- "Yep - and that ***er didn't want to light either. I had to soak it in gasoline for a full day before that rat bastard thing would combust." - Karl Denninger ""We could not be more ill served if we had some South American tribal witch doctor shaking monkey bones at us. " - Infidel 2012-07-02 05:44:54 Permalink*
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	Bullish... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-07-02 05:46:04 Permalink
Jubber Posts: 14174 Incept: 2007-07-05 UK	markets reacting to this BTP coming off with Spain & Italy ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-07-02 05:47:47 Permalink
Rvacha Posts: 8300 Incept: 2008-10-03 Cleveland	I can find no news on this, not even on Reuters (US) ---------- "I suggest you panic." - Hugh Hendry 2012-07-02 06:14:54 Permalink
Kamath Posts: 1539 Incept: 2009-04-04 Sweden	Further info: - Netherlands are against ESM bond-buying in general, but will decide from case to case. - Finnish government text says that few details on exactly how ESM and EFSF would be used came out of meeting. So, in other words, the entire meeting was another giant scam, nothing was decided, taxpayer money wasted, as usual. ---------- "Yep - and that ***er didn't want to light either. I had to soak it in gasoline for a full day before that rat bastard thing would combust." - Karl Denninger ""We could not be more ill served if we had some South American tribal witch doctor shaking monkey bones at us. " - Infidel 2012-07-02 06:17:48 Permalink*
Kamath Posts: 1539 Incept: 2009-04-04 Sweden	Rvacha: https://www.nordnet.se/mux/web/analys/ny.... But you have to translate it. Newsagency is Swedish Nyhetsbyrån Direkt, quoting Thomson Reuters. ---------- "Yep - and that ***er didn't want to light either. I had to soak it in gasoline for a full day before that rat bastard thing would combust." - Karl Denninger ""We could not be more ill served if we had some South American tribal witch doctor shaking monkey bones at us. " - Infidel 2012-07-02 06:18:48 Permalink*
Highrev Posts: 5025 Incept: 2009-02-21	I can't find anything on Reuters either. RANsquawk did report it at 5:29 Eastern from Newswire sources however. Looks like it's what got the current reaction going. ---------- Enlightened self-interest http://en.wikipedia.org/wiki/Enlightened.... HighRev's Open House is my internet hangout. Drop by whenever you like. The door is always open. 2012-07-02 06:29:13 Permalink
Lplate Posts: 4737 Incept: 2008-08-06 Australia	Quote: http://in.reuters.com/article/2012/07/02.... Mon Jul 2, 2012 (Reuters) - Finland and the Netherlands will block the euro zone's permanent bailout fund from buying bonds in secondary markets, the Finnish government said on Monday, despite European leaders' decision last week that rescue funds be available to stabilise markets... Last modified: 2012-07-02 06:42:17 by lplate 2012-07-02 06:41:49 Permalink
Lplate Posts: 4737 Incept: 2008-08-06 Australia	Quote: https://mninews.deutsche-boerse.com/cont.... Monday, July 2, 2012 BERLIN (MNI) - The German government plans to tie fiscal aid for banks from Europe's future permanent bailout fund ESM to the introduction of a financial transactions tax in the concerned countries, the German weekly Focus reported Monday, without citing sources. According to the magazine, only banks in Eurozone member states that apply a financial transactions tax and transfer its receipts to the ESM would be eligible for direct aid to their banks. Thereby, Berlin hopes to minimize risks for German taxpayers, Focus wrote. 2012-07-02 06:43:42 Permalink
Rvacha Posts: 8300 Incept: 2008-10-03 Cleveland	Thanks everyone! ---------- "I suggest you panic." - Hugh Hendry 2012-07-02 07:09:49 Permalink
Bergziege Posts: 2760 Incept: 2007-09-08 Central IL	Transaction tax will drive everything off the books. Look how that worked out for Argentina. ---------- Luckily for me, a High Standard of Living is easy. All I require is Internet, a tv dinner and a blowjob and I'm the richest guy in the world. - Bozonian I've been chasing holes all my life and it doesn't always turn out bad. - Bozonian 2012-07-02 16:17:15 From PDA Permalink