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Breaking News Home | All | Religion | Society | Tech | Choice | Fridays | SA Newsroom
FRONT PAGE  |  7/24/2017
MONDAY, APR 23, 2012  |  4 comments
German tempers boil over back-door euro rescues
Professor Hans-Werner Sinn, head of Germany's IFO Institute, said German taxpayers are facing a dangerous rise in credit risk from a plethora of bail-out schemes. "The euro-system is near explosion," he told Austria's Economics Academy on Thursday.

Dr Sinn said Germany is on the hook for much of the ‚ā¨2.1 trillion (¬£1.72 trillion) in rescue measures for EMU debtors - often by the back-door - that will saddle Germans with ruinous losses one day.

"It is a horror scenario," he said, warning that the euro system is splitting friendly countries into blocs of mutually hostile creditors and debtors, exactly the opposite of what was hoped. ...


CLICK HERE to Read Entire Article
www.telegraph.co.uk

Response to economic crisis?
  START  
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· Page 1 ·  Found: 4 user comment(s)
News Item4/25/12 4:33 PM
Mike | New York  Find all comments by Mike
Jim Lincoln wrote:
Well, John, if I can't Bush an idiot, how about war profiteer? That would give him and his oil buddies henchman a certain amount of cunning wouldn't it? I wonder if they still could be tried for that?
Bush and his Banana_War Bush, would have to be a Christian before he could be a brother of mine, and I see no Christian fruit and his behavior. Perhaps it was his influence on his wife that persuaded her to accept homosexual "marriage," in her book?
Your thin-skinned hostility to Bush is well documented, Jim. But I don't recall Bush promoting homosexual "marriage" as your buddy in the White House does, even to opposing States rights to put such matters on the ballot for the people to decide. But hypocrisy is not far away, is it, Mr "independent"?
4

News Item4/25/12 2:20 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Well, John, if I can't Bush an idiot, how about war profiteer? That would give him and his oil buddies henchman a certain amount of cunning wouldn't it? I wonder if they still could be tried for that?

Bush and his Banana_War Bush, would have to be a Christian before he could be a brother of mine, and I see no Christian fruit and his behavior. Perhaps it was his influence on his wife that persuaded her to accept homosexual "marriage," in her book?

3

News Item4/25/12 1:38 PM
San Jose John | San Jose, CA  Find all comments by San Jose John
Jim Lincoln wrote:
My, my throwing money to the wind should be old news, the Germans had even WWII to learn from, or the idiot son of the elder Mr. Bush should have pointed out:
exerpt from the "Art of War" Well, perhaps the Germans might learn to keep their money at home?
I'd be careful throwing the word "idiot" around like you do. Bush may have been a fool as Obama appears to be as well, but we all need to be mindful of Matt 5:22 when using such "labels".
2

News Item4/24/12 2:38 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
My, my throwing money to the wind should be old news, the Germans had even WWII to learn from, or the idiot son of the elder Mr. Bush should have pointed out:
Sun Tzu wrote:
6. There is no instance of a country having benefited from prolonged warfare.
7. It is only one who is thoroughly acquainted with the evils of war that can thoroughly understand the
profitable way of carrying it on.
8. The skillful soldier does not raise a second levy, neither are his supply-wagons loaded more than
twice.
9. Bring war material with you from home, but forage on the enemy. Thus the army will have food
enough for its needs.
10. Poverty of the State exchequer causes an army to be maintained by contributions from a distance.
Contributing to maintain an army at a distance causes the people to be impoverished.
exerpt from the "Art of War" Well, perhaps the Germans might learn to keep their money at home?
1
There are a total of 4 user comments displayed | add new comment |Subscribe to these comments
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