Sarkozy and Merkel : Time is running out for Greece!

By MarketWatch

FRANKFURT (MarketWatch) — French President Nicolas Sarkozy and German Chancellor Angela Merkel on Monday said time is running out for Greece to reach an agreement with international creditors on a new rescue plan. “We want Greece to stay in the euro … this is the opinion of both of us,” Merkel said in a joint news conference after a joint French-German cabinet meeting in Paris, according to Reuters. “But I also say there can be no new Greece program if agreement is not reached with the troika,” she said, referring to the European Union, International Monetary Fund and European Central Bank. Sarkozy said it was crucial for Greece to meet its commitments. “Time is running out, it needs to be concluded, it needs to be signed,” he saidsource :http://www.marketwatch.com/story/story?Guid=2919c965-6ae0-4d96-a377-815208cc9c57&link=MW_home_latest_news

Comment :

Who gave these two the right to dictate to the rest of Europe???

Here is a perfect example of pressure been put on the Independent Greeks to bail out gambling bondholders who did not stick to the basic principles of financial sense and that is to conduct due diligence before investing in a project .They have broken their own rules and now want the Greeks to pay their losses back to them or should I say the Greek taxpayers! Greece will default and Ireland and Portugal will follow in quick succession!

Despite having stooges in the Irish Government who are nothing but gombeens and wafflers we are in no position to continue to meet the never-ending demands for more “austerity measures” coming from the Troika. Irish business is creaking to a halt without the lifeblood of credit flow and honest financial institutions that are regulated on behave of the public by competent independent regulators .

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Phil Hogan Fracking! “Just looking after a few friends lads”!

More gombeen political tripe coming from this hopelessly overpaid politician!

Just looking after a few friends lads!

http://shelltosea.com/content/hogan-rejects-public-inquiry-dublin-bay-oil-drilling

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Greek Prime Minister Lucas Papademos struck a tentative deal on austerity measures

Europe - Satellite image - PlanetObserverGreek Prime Minister Lucas Papademosstruck a tentative deal with political parties on austerity measures demanded by international creditors as European leaders maintained pressure to complete terms for a 130 billion-euro ($171 billion) rescue package.

Chiefs of the three parties supporting Papademos’s interim government were due to meet with the premier at about midday to hammer out details after setting a framework for recapitalizing banks, ensuring the viability of pension funds and reducing wages and non-wage costs to boost competitiveness. They agreed in a five-hour meeting yesterday to make additional reductions this year equal to 1.5 percent of gross domestic product

full article at source here: http://www.bloomberg.com/news/2012-02-05/papademos-greek-leaders-agree-to-cuts-equal-to-1-5-of-gdp-as-talks-set.html

Comment:

The Troika dictatorship is in full swing and are ignoring the simple fact that Greece is not in a position to fulfil the latest austerity measures now been imposed. This is a just a PR exercise on make belief democracy. The Greeks are been given the illusion that they are making decisions but in reality they are been dictated to by the real masters of Europe, that is Deutsche Bank and their political puppets in Berlin. We in Ireland are in the same boat we have lost our independents and we are all now financial slaves to the new elite of Europe “The Bankers” .The peoples of Europe must rise up and take back our independence and our lands from these make belief friends fromEurope!

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Reggie Middleton On China, Greece Playing Chicken………………..

By Reggie Middleton

Here is a 7 minute video of my opinions on Greek haircuts, US and Manhattan real estate overvaluation, China bubble busting and hard landings, Case Shiller shortcomings and Germany’s penthouse suite in the EU roach motel.

more at source here: http://boombustblog.com/blog/item/5996-reggie-middleton-speaks-on-china-greece-playing-chicken-and-us-ponzinomics

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Irish Consumer Confidence – a bounce in January?

I have noticed that ESRI and KBC Bank are very enthusiastic about the latest reading for their consumer confidence barometer reading for January 2012. Absent the retail sales data for January, we can only speculate as to what the latest increase means. But here’s a somewhat scientific method for doing this.
Chart below shows dynamics in Consumer Confidence index and historical and forecast values for two core retail sales indices. The forecasts are based on trend dynamics for each index from January 2008, accounting for the correlation between Consumer Confidence and specific retail sales index and accounting for the latest reading for Consumer Confidence index

full article at source:http://trueeconomics.blogspot.com/

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Natural Born Boogie 2001

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SOPA an end to the free and independent internet ?

Doug Hornig, Casey   ResearchLovers of liberty have seemingly had a good bit to celebrate recently.

First, there was an unprecedented outpouring of negative public sentiment   about the Congressional bills SOPA (House) and PIPA (Senate); they are   legislation that would have thrown a large governmental monkey wrench into the   relatively smooth-running cogs of the Internet. Millions of Americans signed   online petitions against the bills after seeing websites’ various protests.   Google shrouded its search page in black; Wikipedia and Reddit went dark   entirely (although Wikipedia could be accessed if one read the information   available via clicking the sole link on its protest page); Facebook and Twitter   urged users to contact their representatives; and many other core Internet   bSuch was the outpouring of dissent that even Washington, D.C. had to listen.   The bills, which a week earlier had seem assured of swift passage, suddenly   turned to poison. Supporters, forced to concede that the public really waspissed off this time, fled. Leadership in both houses tabled the   legislation, pending further review and revision.

But before we get too self-congratulatory, however, it’s wise to note that   this victory dish is probably best enjoyed with a serving of caution. As Casey Extraordinary Technology editor Alex Daley summed up the   situation for us here at Casey Research: “Be sure this will come back again,   likely post-election, and snuck through as part of a bigger package. It arrests   power from the judiciary, and the legislature likes nothing more than to thumb   its nose at those ridiculous judges and all their due process this and   Constitution that. It will eventually pass, just not like this.” We can’t now go to sleep on this one.

full article at source: http://www.marketoracle.co.uk/Article32971.html

Comment:

My Son (16 yrs) came to me last week and asked if he could take off the school day to go to demonstrate outside the Dail against the proposed changes to curtail the freedoms we currently enjoy on the internet .When he came back he was disappointed as he told me the numbers of demonstrators was very disappointing. Thousands of people were going up and down Grafton Street shopping and hardly 15 people were outside the Dail trying to keep the internet free from corporate control .Now he knows why I am always so depressed when I come back from demonstrations .We all complain but very few of us are willing to get up off our backsides and fight for our hard won freedoms!

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