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Nothing was accomplished at today's EU summit as officials play for time - hoping Greek (and...

  • Thursday, May 24, 2012, 4:53 PM ET
    Nothing was accomplished at today's EU summit as officials play for time - hoping Greek (and French legislative) elections in June bring more political support for the bailout regime and a move towards "economic union." The trouble is the pace at which not just Greece, but the EU economy is unraveling. Can they wait another month, and what happens if the elections don't go the right way?
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  • This is insane!
    Here we are,
    the global economy, and we are still debating this?
    Really?
    Hell, you would get further debating with a junkie!

    The powers that be are evil!
    The will of the people are of no consequence to this group of "Fabian Socialist Society" heretic's!
    This un holy alliance is not what the world needs!

    When you are in the ocean, and you feel something and your mind goes crazy with scenes of "JAW'S" rushing your being, you start to pray / ask God to be your salvation!
    I think the world is getting "Bumped" by a Great White killing machine, testing to see if its worth taking a bite!

    Return to God and the law's of God that have helped steer this great country so well for 200 plus years!
    The "Law's of Man" / Fairness / "Social Justice" / Collective Salvation?
    All catch phrases for Socialism / Fascism and yes, Communism!

    We have to stand up, stand tall and proud!
    We will not comply!
    Hear us, hear us say it with gusto!
    Hear this LOUD - LY!
    24 May 2012, 05:26 PM Reply Like
  • The markets focused upon the meeting of EU political leaders this week and the apparent standoff between Merkel and her diminishing band of supporters in EU councils for deep fiscal austerity and, on the other side, the growing list of leaders, lead by Hollande, who desire that a significant growth strategy be implemented. The inconclusive outcome of this first meeting with Hollande in attendance (one should not have been surprised at this) coupled with indications that economies of several EU States were softening unsettled the markets.

    This overshadowed some helpful developments in Greek politics: The leading centre right Party, New Democracy, has been able to attract some of the smaller moderate conservative parties and politicians into its camp and now leads most opinion polls. Its centre left coalition partner, PASOK, is having more modest similar success on the moderate left. On the other hand Tsipras, the leader of the leading hard line anti austerity party, while still attracting significant domestic support, is finding himself and his party increasingly isolated both in Greece and in EU circles, including EU left wing circles.

    The Greek economic situation, while grim, may be stabilizing and, as the following articles indicate, some progress is being made.

    http://bit.ly/KeEqRn

    http://bit.ly/JggVnb

    http://bit.ly/JggVnc

    http://bit.ly/KeAbFw

    As the following articles indicate, there is wide divergence on the question of what a Greek exit might trigger but the debate on what Europe might do to augment its current austerity program with a significant growth component is now seriously engaged.

    http://bit.ly/KeErEX

    http://bit.ly/KeErF0

    http://bit.ly/KeEr7L

    http://econ.st/KeEr7O

    http://bit.ly/JggVDr
    24 May 2012, 07:46 PM Reply Like
  • The problem for the Greek public is that they want to stay in the Euro but they don't want the same crooks running the country anymore. There are two families that have run the country for the last 50 years and the corruption is legendary.
    24 May 2012, 10:44 PM Reply Like
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