ROUBINI: There’s Only One Thing That Will Stop The “Upcoming Disaster” In Europe

[ruger17hmr]

ROUBINI: There’s Only One Thing That Will Stop The “Upcoming Disaster” In Europe


Another supporter of printing press fiscal policy.
It cost the Feds $10 trillion[ $15T(the current debt) - $5T(2008:debt)=$10T] to rescue the US financial system from the historic collapse. Anyone care to guess how many trillions of Euro to circumvent the "Upcoming diaster"?

I have no doubt that this European fiasco will be contained, for the alternative is economic WWIII.

Will France be a willing partner to Germany's ever increasing influence in Europe?

ROUBINI: There

 

[roisigns]

I am not so confident that it will be contained.

 

[CarmelHP]

ROUBINI: There’s Only One Thing That Will Stop The “Upcoming Disaster” In Europe


Another supporter of printing press fiscal policy.
It cost the Feds $10 trillion[ $15T(the current debt) - $5T(2008:debt)=$10T] to rescue the US financial system from the historic collapse. Anyone care to guess how many trillions of Euro to circumvent the "Upcoming diaster"?

I have no doubt that this European fiasco will be contained, for the alternative is economic WWIII.

Will France be a willing partner to Germany's ever increasing influence in Europe?

ROUBINI: There

There is a long standing German dread of a repeat of the hyperinflation of the early '20's. Inflating the Euro may save it, but at the expense of the German public and German sensibilities. I can't see the BRD going along with it.

 

[ruger17hmr]

There is a long standing German dread of a repeat of the hyperinflation of the early '20's. Inflating the Euro may save it, but at the expense of the German public and German sensibilities. I can't see the BRD going along with it.

It seems the Eurobonds are the only option at this point that is viable.

The contagion is beginning to shake the core of Europe, no longer restricted to PIIGS.

I still believe that there will be a resolution of some sort unless Germany wishes to revenge the WWII defeat and let the rest of Europe collapse around it.

 

[RockofStrength]

It seems the Eurobonds are the only option at this point that is viable.

The contagion is beginning to shake the core of Europe, no longer restricted to PIIGS.

I still believe that there will be a resolution of some sort unless Germany wishes to revenge the WWII defeat and let the rest of Europe collapse around it.

Germany's economic strength rests on the strength of some of the weakest members of the EU (Greece for one). They'll do everything in their power to keep them from being stuck with all that bad debt: it's simply that there isn't enough money in the world to save an entire continent's worth of socialism.

 

[CarmelHP]

It seems the Eurobonds are the only option at this point that is viable.

The contagion is beginning to shake the core of Europe, no longer restricted to PIIGS.

I still believe that there will be a resolution of some sort unless Germany wishes to revenge the WWII defeat and let the rest of Europe collapse around it.

Why is Germany's problem to solve when they had the least to do with it? Why does refusing to burden your people with someone else's debt constitute "wishes to revenge the WWII defeat?"

 

[ruger17hmr]

Why is Germany's problem to solve when they had the least to do with it? Why does refusing to burden your people with someone else's debt constitute "wishes to revenge the WWII defeat?"

You are absolutely right! It isn't Germany's problem to begin with.

There was much animosity towards German refusal against Euro bonds/Currency printing. How can anyone blame them(Germans) is my question?

"...Revenge against WWII defeat.." was uttered by some unsophisticated people( probably some pissed off French) and I wanted to know if anyone here on Ingo forum felt the same.