EU commissioner Olli Rehn throws his support behind a proposal of Germany's so-called 5 Wise Men...

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Stone Fox Capital Comments (4572)
 
with such guidelines though, the EU would make money. People need to began understanding the difference between a gift and a investment.
15 Nov 2011, 05:05 PM Reply Like

untrusting investor Comments (9879)
 
Would have to wait and see the details.
15 Nov 2011, 05:10 PM Reply Like

wolverine27 Comments (412)
 
submit to strict oversight ?

like they did before . how can a foreign entity dictate the future of a soverign country . just because they play hide the debt between themselves , doesnt mean the people will adhere to austerity .

i have a crazy idea , get on the tv and tell the people the truth . all hands on deck , pain for everyone , we will dig our way out together .
15 Nov 2011, 05:19 PM Reply Like

youngman442002 Comments (4980)
 
what is the new salute???? It will take tanks to make that work...hmmm..sounds familiar
15 Nov 2011, 05:20 PM Reply Like

wolverine27 Comments (412)
 
if the countries dont adhere to the rules what will the 5 wise maen do ? bankruptcy court ...lol.
15 Nov 2011, 05:22 PM Reply Like

Orange Juice (OJ: +4.53%) Comments (17)
 
I wonder if the German people could rebuild the Berlin Wall, this time around the entire country, high enough to keep neighboring debt from pouring in. The Redemption Fund seems like a feasible idea and I won't be surprised to see it set in motion soon (not without struggle). If the 17 EU countries want to have their monetary union, they should start making some sacrifices for one another. Why can't he US have five Wise Men rather than Larry, Curly, Moe.. or was it Bachmann, Cain, and Perry?
15 Nov 2011, 05:32 PM Reply Like

davidbdc Comments (2990)
 
Unknown???

Try this - get those *%#$@*& Italians and Greeks up here to sweep the streets, dig ditches, and otherwise be our slaves.

It will at least ensure there are actually some austerity measures implemented and not just passed on paper! Germans would run Greece into the ground making sure they get every Euro back!!! Then they'd do the same the next country - its actually a good thing as after Greece was turned into Moldova the other countries will be cutting spending left and right!!!
15 Nov 2011, 05:35 PM Reply Like

Humble Value Miner Comments (370)
 
As Italian, I would welcome this. If we'll send home the (around) one million of Italians employed in politics, and we'll replace them with 10000 Germans or (say) Swiss (to be more politically correct), we will spend less and they will work more productively. I believe most Italians would approve. We are really tired by our politicians.
15 Nov 2011, 06:31 PM Reply Like

Orange Juice (OJ: +4.53%) Comments (17)
 
I think you've missed the purpose of the Redemption Fund.. it's not an excuse for Germany to start another war (though my confidence from the start of that sentence to the end doesn't exactly stay at 100%).
15 Nov 2011, 07:11 PM Reply Like

kmi Comments (3844)
 
The "people" have long since since lost control over their governments, both Europe and everywhere else.
15 Nov 2011, 06:01 PM Reply Like

wolverine27 Comments (412)
 
MARGIN CALL on france , greece , portugal ,italy , ireland ,spain and hungary is coming .

its simple math . eurozone growing at .2 %.....debt at 7% .
15 Nov 2011, 10:21 PM Reply Like