A "hyperbolic" sell-off is coming in Spanish debt if the ECB doesn't intervene soon, says RBS...

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into dark shadows Comments (294)
 
This is stupid dribble!
Just what are we talking about here?
Some bogus QE scheme?

Nothing short of a complete REWORK of the ENTIRE E.U. and its failed policies are the only hope for this crazy perversion to ever work!

This is at best been two years of putting a band aid on a severed limb!
The bleeding has been profuse and these loser politicians don't even have the courage to get a torch and cauterize the wound!

There is nothing that is even remotely positive with regard to the failed "Fabian Socialist Society" experiment called the European Union, a failure of biblical proportions that could well lead to war on a continent that has been at war over smaller things in its troubled past!

Greece is not an issue, it is a smokescreen!
Forget Greece leaving the E.U.,
It's Spain that needs to LEAVE the E.U!
That would be one small step in the right direction, just don't hold your breath!
30 May 2012, 03:53 PM Reply Like

Abraxas Comments (234)
 
The E.U., like any institution, has many problems, no doubt. Nevertheless, it has proven to be a valuable undertaking. You are, surely, writing this radical nonsense from outside the E.U. No one who has truly experienced the E.U. would make such statements.
30 May 2012, 05:02 PM Reply Like

into dark shadows Comments (294)
 
Radical?
Really?
I would think the people in Greece who are actually doing the most radical thing in life would disagree with you!

People are KILLING themselves, feeling hopeless and there is nothing left to live for, over this "PLUTOCRATIC" SICK EXPERIMENT in "Socialist / Fabian Socialist Society",
cradle to grave / non individual thinking nightmare!

If you think the EURO is a great thing and a value to the average Europeans life / standard of living,
well I disagree and will
"Agree to Disagree" with you.
No matter what, I will defend your right to voice your opinion, which I am going to oppose whole heartedly...
30 May 2012, 06:03 PM Reply Like

Abraxas Comments (234)
 
I am sorry, I truly do not mean to appear insulting (I really don't mean to be, so please don't be offended), but your point of view is so radical that it sounds like the one held by a Tea Party extremist from The Appalachians who has never lived in Europe and has, most probably, not even visited it. It is only furious theory and no actual practice (I am not saying this is your case but your post certainly reads like that).

As I said, yours are very radical views, at least in Europe. These views are not shared by the great majority of the people, including the Greek, whom, even though have suffered enormously, still want to be part of the European Union and the Euro.

I am afraid that our views are so far apart that, I too, will agree to disagree with you. I will be happy, as well, to defend your right to voice your opinion. But, it may surprise you, this is not an issue in Europe, at all, nowadays.

Unlike the U.S. where two political parties seem to be enough to cover 300 million people (how is that possible?), in Europe it is the norm to have many different parties that encompass millions of people who have widely different points of views. Hence, expressing your opinion, whatever it may be, is not only accepted by expected.

Speak up, my friend. I may disagree with you, but I am happy you do!
30 May 2012, 08:07 PM Reply Like

Rupert Nicholson Comments (311)
 
I completely agree with the comment by Abraxas. The top comment was very naive. The E.U. has been a great undertaking. Many people fail to realize that the E.U. is so much more than just the economy. The cultural significance of countries like Greece and Spain to the E.U. is understated by people outside the E.U.. There are also many other factors that need to be taken into account. For example, a common identity. I consider myself European primarily and I consider Greeks and the Spanish to be a very important part of that identity.
30 May 2012, 08:08 PM Reply Like

Whitehawk Comments (2799)
 
Actually, it's Germany that needs to leave the EU.

Spanish debt yields will spike much higher.
30 May 2012, 04:42 PM Reply Like

untrusting investor Comments (9879)
 
Why would the ECB again start the Spanish bond buying scheme, when Spain is not sticking with agreed up budget cuts?
30 May 2012, 07:25 PM Reply Like

Rupert Nicholson Comments (311)
 
Absolutely true. Another great comment. I do, however, think that the current Spanish government is attempting to implement the reforms but nothing is ever as simple as it seems, especially in today's world. Nonetheless, countries have to start being responsible and cutting their budgets, this is a necessity.
30 May 2012, 08:12 PM Reply Like

Rupert Nicholson Comments (311)
 
All of Europe is needed for it to be a truly European Union. That was the goal which should not be shirked from because of some economic difficulty, no matter how great a challenge it becomes. The EU's endeavor is not just an economic one which people seem to frequently forget nowadays.
30 May 2012, 08:10 PM Reply Like

dsr70 Comments (1059)
 
The pro-EU comments here are radical to my ears. Yes I'm non-European. But more precisely, my prime concern is the freedom of people. The empowerment of government, which is the goal of the EU structure, is the antithesis of that. For the "freeing" of people from want, fear, and life's hassles ultimately enslaves them. That's the irony of socialism played out in Europe and increasingly in the US.
30 May 2012, 10:07 PM Reply Like

Rupert Nicholson Comments (311)
 
No that's the US's idea of freedom. You fail to understand other people perceptions around the world. People in Europe do not mind big government etc. I would remind you the European system is a much more tried and tested way of thinking. Freedom is not just how you define it.
31 May 2012, 04:35 AM Reply Like

dsr70 Comments (1059)
 
To each his own. But "tried and tested" is not what I'd apply to Europe. After decades of riding free on both the defense dollars of and consumer consumption by the US, Europe has financially been brought to the brink. Not to mention the demographic time bomb that is native Europe. The cultural and political experiment failed, and that's with or without the EU.
31 May 2012, 04:42 AM Reply Like

Rupert Nicholson Comments (311)
 
The US is in a far worse state right now from Europe's position. I'm sorry you simply do not grasp how people think on this side of the atlantic. Till you do, I don't think you could ever understand how much we think the EU has been a success, perhaps not economically, but in many other ways. Most people cherish being European, it is embracing centuries of cultural history which mean so much to us and many other things we feel Americans pay too little regard to. How is it not 'tried and tested'? The same system has been in play for decades and it works in our opinion. Isn't our opinion the only one that matters when talking about our Union?
31 May 2012, 04:49 AM Reply Like

dsr70 Comments (1059)
 
No disrespect meant rup. I'm not alluding to finances only. Both the US and EU are in terrible shape. The west has been profligate for decades. But the EU's demographics are awful. The culture cannot literally survive, which makes finances even worse.

Don't take this to be a ringing endorsement of the US model. I see our decline as well. I am pro-freedom and we're losing it here as well. Our culture is crass and vulgar too. The EU is just further along the road of decline, and it's manifested a bit differently as well.
31 May 2012, 11:07 AM Reply Like

Rupert Nicholson Comments (311)
 
I understand your criticisms and they apply to the US as well. However, as I have lived in the US, I can tell you perceptions on your side of the Atlantic are very different. We don't see this as such an awful circumstance. Yes it is bad but we see it as an opportunity as well. Also, the EU has not failed in my opinion, if anything it has saved a couple of countries already from the brink of economic failure. I do understand your qualms but I'm afraid for the most part I cannot agree.
31 May 2012, 11:17 AM Reply Like

zabz777 Comments (20)
 
Cut to the chase....either create a viable federation of euro states, or abandon this unviable link between disparate countries based on a common currency and little else. Nice experiment. Did not work. So learn from it, make the necessary changes, and move on. To continue this bandaid approach is pathetic, deplorible, and doomed. Germany has to decide whether they want a real european union, and accept the sacrifices that involves, or back out. The Germans are behind this.....they knew the pigs were burying themselves in debt....it served their purpose at first (encouraged exports)....now they want their cake and eat it too!
31 May 2012, 01:27 AM Reply Like

Rupert Nicholson Comments (311)
 
There are various reasons why the EU cannot become a federation straight away such as sovereignty etc. It needs to be a slow process. I wouldn't advise you to claim that it didn't work. That is up to the Europeans to decide. I am in the European Union and I know many people who are still confident in its ability to survive, including me. Also, the Germans have done so much to help the European Union survive they should be thanked not ridiculed.
31 May 2012, 04:38 AM Reply Like

zabz777 Comments (20)
 
If Lehman put the world at risk of economic collapse , what does Italian default foresage? A mild recovery.......that's what the politicians, pundits, and media would like you to believe. This is the "perfect storm" of social, economic, and political failure that demands foresight, not reaction, and we don't have the leaders to accomplish that. After the inevitable collapse, I hope someone remembers how we got here. The inability of our "leaders" to admit they were wrong, accept a loss, and learn from their mistakes..... (and 160 trillion in non-standardized, litiginous, and overleveraged CDS positions).
31 May 2012, 01:29 AM Reply Like