German minister rejects plans to pool eurozone debt [NotSoBreakingGeo] - MarketTicker Forums


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User Info	German minister rejects plans to pool eurozone debt in forum [NotSoBreakingGeo]
Peterm99 Posts: 4981 Incept: 2009-03-21 SoCal	BBC wrote.. Germany's deputy finance minister has ruled out "eurobond-lite" plans to pool part of eurozone countries' debt. Speaking exclusively to the BBC, Secretary of State Steffen Kampeter said "debt is a national responsibility". "I don't see any strategies where we socialise and redistribute the bad political decisions made by some who are over-indebted." The German government has already ruled out full "eurobonds" for now. (ETA: The ". . . for now" in the last sentence of the excerpt continues to bother me.) More at link: http://www.bbc.co.uk/news/business-18438.... ---------- ". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed Last modified: 2012-06-14 13:24:57 by peterm99 2012-06-14 13:08:22 Permalink
Spanktron9 Posts: 2770 Incept: 2009-03-13 Reality.	Someone needs to tell Mr. Market that Germany isn't going to back-stop all of Europe. ---------- "Winter is coming." -Motto of House Stark "Mo'lon La'be"- Leonidas "Strong people are harder to kill than weak people, and more useful in general" - Mark Rippetoe "Its like Calvinball."-MarvinMartian 2012-06-14 13:17:30 Permalink
Jubber Posts: 13940 Incept: 2007-07-05 UK Online	reckon Hollande is going to be a real pain in the arse France's Hollande says we need new instruments for closer integration such as a debt redemption fund France's Hollande says giving the ESM a banking license would help improve financial stability France's Hollande says we need new instruments for closer integration such as a debt redemption fund may be time to short French bonds soon! ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-06-14 13:19:54 Permalink
Poer Posts: 1382 Incept: 2008-09-28 'Eppur si muove!'	Germans need their full tank arsenal built before they go full retard ---------- "The degree to which a man substitutes the judgment of others for his own, failing to look at reality directly, is the degree to which his mental processes are alienated from reality." Nathaniel Branden in Ayn Rands 'Capitalism The Unknown Ideal' 2012-06-14 14:02:47 From PDA Permalink