MMC
12-16-2011, 07:57 AM
ROME (Reuters) - Italy's prime minister urged European policymakers on Friday to beware of dividing the continent with their efforts to fight its debt crisis and warned them against feeding "short-term hunger for rigor" in some countries, in a swipe at Germany.
German Chancellor Angela Merkel -- under pressure from the voter-revered Bundesbank to force debt-saddled euro zone countries to reform and save their way out of crisis -- has led a push for automatic sanctions for deficit sinners in the bloc.
This has fed concerns that excessive debt-tightening in southern euro zone countries could send their economies into a negative spiral with no prospect of growing out of the crisis, and a real chance of feeding resentment of the prosperous north.
The head of Italy's largest labor federation CGIL said on Wednesday the country risks a "social explosion" over the government's austerity measures and unions plan more protests against them.
Separately, Ireland's debt-strapped economy contracted by 1.9 percent in the third quarter, far worse than expected, the stakes for its fiscal and debt targets under an EU-IMF bailout.....snip~
http://news.yahoo.com/italy-pm-warns-policymakers-against-dividing-europe-114202324.html <<<<< More Here!
North vs South in the EU.....they keeps saying they could have a recession. They are already in a recession. So stop lying to the World. Another that is not mentioned in all of this is Austria as they also are in trouble economically.
So should we feel sympathy for the Devil? Bernanke assures us we will not bail them out. Out of all the EU Countries. Who Would be the Major instigator with policy making decisions? According to the Economists here in the US and the EU. The Brits are going to fall now and will eventualy need that IMF Bailout.
We are talking about a group of countries that have never controlled their economies with any type of calls to balance budgets. Countries that have never had to put forth Defense of their Countries. Didin't they just riot in france a few months back for raising their version of Social Security's age restriction to 62.
Also isnt it true that majority of the EU are working 4 day work weeks with 32-35 hours as a full time job? That they have more holidays off work than most countries in the Western World. These EU economists havent been right most of this year. Much for 3 decades of them getting it all wrong. So tell me why we should listen to then about anything they are saying concerning the global economy?
German Chancellor Angela Merkel -- under pressure from the voter-revered Bundesbank to force debt-saddled euro zone countries to reform and save their way out of crisis -- has led a push for automatic sanctions for deficit sinners in the bloc.
This has fed concerns that excessive debt-tightening in southern euro zone countries could send their economies into a negative spiral with no prospect of growing out of the crisis, and a real chance of feeding resentment of the prosperous north.
The head of Italy's largest labor federation CGIL said on Wednesday the country risks a "social explosion" over the government's austerity measures and unions plan more protests against them.
Separately, Ireland's debt-strapped economy contracted by 1.9 percent in the third quarter, far worse than expected, the stakes for its fiscal and debt targets under an EU-IMF bailout.....snip~
http://news.yahoo.com/italy-pm-warns-policymakers-against-dividing-europe-114202324.html <<<<< More Here!
North vs South in the EU.....they keeps saying they could have a recession. They are already in a recession. So stop lying to the World. Another that is not mentioned in all of this is Austria as they also are in trouble economically.
So should we feel sympathy for the Devil? Bernanke assures us we will not bail them out. Out of all the EU Countries. Who Would be the Major instigator with policy making decisions? According to the Economists here in the US and the EU. The Brits are going to fall now and will eventualy need that IMF Bailout.
We are talking about a group of countries that have never controlled their economies with any type of calls to balance budgets. Countries that have never had to put forth Defense of their Countries. Didin't they just riot in france a few months back for raising their version of Social Security's age restriction to 62.
Also isnt it true that majority of the EU are working 4 day work weeks with 32-35 hours as a full time job? That they have more holidays off work than most countries in the Western World. These EU economists havent been right most of this year. Much for 3 decades of them getting it all wrong. So tell me why we should listen to then about anything they are saying concerning the global economy?