Sure, but the impression the government wants to give now is that austerity is the best policy.
Mulcair want Canada to pony up 10's of Billion to rescue the Euro
- Thread starter Goober
- Start date
Sure, but the impression the government wants to give now is that austerity is the best policy.
No big recession yet- and it may be avoided if the EU get their shxt together- this EU mess has had bandaids placed on it for the last 2 1/2 years- Politicians cannot get it together.
Which brings us back full circle. The opposition are criticizing Harper for not taking an active role in getting EU to develop a fiscal plan or at least having EU members co-operate collectively on this.
They cannot get their act together- 2 1/2 years - what they want is money from someone else- US- Canada- IMF - but no strings-
If they cannot listen to Merkel who has the coin- how well would we do - just piss more people off- They lack the political will and fiscal acts / treaty to act quickly- They plan on taking 10 years for fiscal integration- really 10 years - I assume you have followed this act of idiots for the past few years.
So bailouts aren't good for canada but good for other countries?
Do EU citizens get a vote in the Canadian Parliament? If so, then definitely we have a say in what the EU does with its money. last I checked though, Canada has no electoral ridings in the EU.
The inconsistency is quite amusing.
If there is a war, Canada needs to step up and contribute to global security, no matter what cost, no matter how many lives.
But if there is a financial crisis, instead of being a responsible member of the global community, Canada is to sit back and say 'not our problem'
I guess without Boeing and Lockheed-Martin telling paying lobbyists to influence politicians, there is no appetite for global stability.
If there is a war, Canada needs to step up and contribute to global security, no matter what cost, no matter how many lives.
But if there is a financial crisis, instead of being a responsible member of the global community, Canada is to sit back and say 'not our problem'
I guess without Boeing and Lockheed-Martin telling paying lobbyists to influence politicians, there is no appetite for global stability.
We could help poor countries by eliminating systemic unfairness in the global economic system and via free trade and free labour movement and standardizing education standards for various trades and professions to create a more open market. That is help enough in most cases except for the poorest countries. And even the poorest EU country is hardly poor by world standards.
I'd ratehr give to some destitute country if it should come down to that, not a wealthy EU.
Why sure let's pony up some cash for countries with records of reckless spending to rival that of Lindsay Lohan. Germany has tried to drop the hammer on them but they insist on trying to maintain their entitlement behaviour in the face of a complete meltdown of their little paradise of early retirement and no taxation.
We don't have Boeing and Lockheed-Martin sucking us dry up here we have Bombardier firmly attached to the Federal teat.
As to Canada "needing to step up" well let's just say that when it comes to global security as an genuine, affirmed issue we've demonstrated we're right there in the front lines time and time again. Now all we need is a genuine threat to global security as opposed to the "terrorists are coming, the terrorists are coming".
"Responsible member of the global community" you're chitting me aren't you? Peacekeeping, Haiti relief, Somalia pirate patrol, Libya liberation, what more would you have us get involved in that we could reasonably afford and still you suggest we should throw money down a latrine called Europe?
The same countries whose leader shouted Vive-le-Quebec-Libre from a Canadian balcony for which we have yet to receive an apology given that phony propped-up popinjay general was in Canada by invitation, who were claiming our seal hunt was barbaric, our oil sands are ruining their envrionment, who attempted to overfish our territorial waters until we confiscated one of their fishing vessles to which they responded with outrage.
Let the stupid bastards beg for coins in the street like everyone else who spent their inheritance in the casino.
Mulcair can kiss my patoot just like that retarded Rhodes Scholar of a temporary Liberal leader who agreed not to run for the leadership if he accepted the temp chair but who now wants to take a run at it; reneging is something he knows a lot about. While we're at it with the public purse being raided by these guys; how about Jackie boy and Olivia doubling up on the housing allowance allowed MP's while living in Ottawa, and still billing the public purse for returning to Toronto every weekend or, how about them putting their Toronto house in her mother's name so it would qualify for housing assistance while they were both sitting city counsellors.
Yeah I'm real likely to be shamed into contributing to Europes welfare at the behest of the likes of any politician, especially one of the Mulcair stripe. NUTS!
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Beats comparisons to Nazi's, all the, any and every time....;-)
Oh and speaking of BS and the Usual Suspects...
“When will the Conservatives stop lecturing European countries and put forward a real plan to protect and create jobs here in Canada?”
Mulcair
Well besides the ones Fuzzy already acknowledges...
Action Plan Canada
It's done wonders here in the near hinterland. But hey, what would that matter when you're fabricating attacks...;-)
Naah; I'll leave it at the post I've already made! Haaar! Got lot's more where that came from though.
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First of all I am not for Canada bailing out Europe with that kind of money.
There is a bigger picture here though folks. Europe needs not billions but
at least six trillion and maybe slightly more. If the world does not find the
assistance money we are all going under and that includes Canada.
Already signs are there that show China is not growing like it did and the
Americans are trying to stave this mess off until after the election in the
month of November. There was a program on I think it was CNN on the
weekend mourning circuit where some suggest that if Europe was to fail
we would go back to the depth of the Depression and the worst year was
1934.
It is time to curb the banks and speculators with concrete rules where
violations would require serious jail time. The governments have cause
most of the mess, but bond speculators and others are also responsible.
It is obvious that the banks and financial institutions and the governments
themselves need regulation. One group had unfettered access to too much money
and the the banks, and financial institutions did not do their due diligence in lending
to nations that could not pay.
Mulcair understands we are going to have to help out or go under but he is a little
carried away in having us supply too much money. America will be helping and so
will China and Germany before this is over. Its save the Euro or we all suffer and to
save the Euro, it will be mandatory to save the deb ted European nations.
There is a bigger picture here though folks. Europe needs not billions but
at least six trillion and maybe slightly more. If the world does not find the
assistance money we are all going under and that includes Canada.
Already signs are there that show China is not growing like it did and the
Americans are trying to stave this mess off until after the election in the
month of November. There was a program on I think it was CNN on the
weekend mourning circuit where some suggest that if Europe was to fail
we would go back to the depth of the Depression and the worst year was
1934.
It is time to curb the banks and speculators with concrete rules where
violations would require serious jail time. The governments have cause
most of the mess, but bond speculators and others are also responsible.
It is obvious that the banks and financial institutions and the governments
themselves need regulation. One group had unfettered access to too much money
and the the banks, and financial institutions did not do their due diligence in lending
to nations that could not pay.
Mulcair understands we are going to have to help out or go under but he is a little
carried away in having us supply too much money. America will be helping and so
will China and Germany before this is over. Its save the Euro or we all suffer and to
save the Euro, it will be mandatory to save the deb ted European nations.
The bonds for Greece, et al were mostly gvt-to-gvt deals. The banks may have acted as agent, but it was gvts and extremely large institutions that did the heavy lifting (the message: the gvt or institution that bought the bonds screwed themselves; the 'banks and speculators' didn't screw them)
Like Greece, Spain and Portugal for the last number of years?.. Had the bond issues not been picked-up by the other nations, then those countries would have been in the crapper sooner and the EU would be facing a similar (albeit smaller) crisis today. The message is still: It's not the banks fault that Greece promised vast and unaffordable entitlements to its people.
The problem in the EU has to do with untenable and unsustainable spending policies in certain nations. Nations that opt to provide bail-out money without IMF-style regulation and highly defined austerity related cuts will achieve nothing more than simply allowing the unsustainable system to go on a bit longer.
There are more prudent solutions to this mess than just donating more and more money to a nation that is unwilling to live within its means.
Germany warns Italy- They are coming for you next-
EU will also impose significant restrictions on currency transfers in the event of a Greek exit from the Euro. And yes it is legal. In the EU Treaties.
Eurozone crisis: Germany warns Italy it could be the next victim | Investing | Financial Post
MILAN/BRUSSELS — Germany told Italians on Wednesday they must accept Prime Minister Mario Monti’s tough economic measures to avoid becoming the next victim of the eurozone debt crisis after a bailout for Spain’s banks failed to calm markets.
“If Italy continues along Monti’s path there will be no risks,” German Finance Minister Wolfgang Schaeuble said in an interview with La Stampa daily when asked whether Rome was next in the markets’ firing line.
Highlighting that peril, the eurozone’s third biggest economy had to pay nearly 4% to sell one-year treasury bills at auction on Wednesday, a six-month high, due to fears about its ability to keep servicing its debt mountain.
Italy’s 1.9 trillion euro (US$2.4 trillion) public debt is equivalent to 120% of gross domestic product, a ratio second only to Greece. A month ago, Rome had paid just 2.34% on one-year paper.
Schaeuble said Italy had made huge progress under Monti’s government of technocrats, which has taken austerity measures and launched pension and labour market reforms since replacing Silvio Berlusconi’s scandal-plagued administration in November.
“This is acknowledged everywhere in Europe and by the markets,” the German minister said. “I can only hope that political forces in the Italian parliament and public opinion continue to decisively back him, because the road towards a return to sustainable growth through structural reforms, improved competitiveness and a lower deficit is the right one.”
Monti, whose popularity has slumped after an initial honeymoon, met the leaders of the parties backing him in parliament on Tuesday and urged them to give their unified support to help Italy through market turmoil.
In a statement, he said he was “worried by the situation of emergency” on financial markets, and had told the party chiefs that “cohesion” was needed “to overcome the critical situation and give an image of unity abroad”.
Markets calmed slightly on Wednesday due to expectations of further eurozone policy action to tackle the debt crisis, but investors remain wary ahead of a general election in Greece on Sunday that could lead to the country leaving the euro area.
STRONGER INTEGRATION
Greek banks have seen a marked increase in the pace of deposit withdrawals as a June 17 election, the second in two months, nears and fears grow that Athens could be forced out of the euro, senior bankers said.
Combined daily deposit outflows from the major Greek banks have reached 500-800 million euros over the past few days, with the pace picking up as the election draws closer and rising noticeably on Tuesday, two bankers said.
EU will also impose significant restrictions on currency transfers in the event of a Greek exit from the Euro. And yes it is legal. In the EU Treaties.
Eurozone crisis: Germany warns Italy it could be the next victim | Investing | Financial Post
MILAN/BRUSSELS — Germany told Italians on Wednesday they must accept Prime Minister Mario Monti’s tough economic measures to avoid becoming the next victim of the eurozone debt crisis after a bailout for Spain’s banks failed to calm markets.
“If Italy continues along Monti’s path there will be no risks,” German Finance Minister Wolfgang Schaeuble said in an interview with La Stampa daily when asked whether Rome was next in the markets’ firing line.
Highlighting that peril, the eurozone’s third biggest economy had to pay nearly 4% to sell one-year treasury bills at auction on Wednesday, a six-month high, due to fears about its ability to keep servicing its debt mountain.
Italy’s 1.9 trillion euro (US$2.4 trillion) public debt is equivalent to 120% of gross domestic product, a ratio second only to Greece. A month ago, Rome had paid just 2.34% on one-year paper.
Schaeuble said Italy had made huge progress under Monti’s government of technocrats, which has taken austerity measures and launched pension and labour market reforms since replacing Silvio Berlusconi’s scandal-plagued administration in November.
“This is acknowledged everywhere in Europe and by the markets,” the German minister said. “I can only hope that political forces in the Italian parliament and public opinion continue to decisively back him, because the road towards a return to sustainable growth through structural reforms, improved competitiveness and a lower deficit is the right one.”
Monti, whose popularity has slumped after an initial honeymoon, met the leaders of the parties backing him in parliament on Tuesday and urged them to give their unified support to help Italy through market turmoil.
In a statement, he said he was “worried by the situation of emergency” on financial markets, and had told the party chiefs that “cohesion” was needed “to overcome the critical situation and give an image of unity abroad”.
Markets calmed slightly on Wednesday due to expectations of further eurozone policy action to tackle the debt crisis, but investors remain wary ahead of a general election in Greece on Sunday that could lead to the country leaving the euro area.
STRONGER INTEGRATION
Greek banks have seen a marked increase in the pace of deposit withdrawals as a June 17 election, the second in two months, nears and fears grow that Athens could be forced out of the euro, senior bankers said.
Combined daily deposit outflows from the major Greek banks have reached 500-800 million euros over the past few days, with the pace picking up as the election draws closer and rising noticeably on Tuesday, two bankers said.
When will the Political leadership of the EU member countries wake the f up and realize the people need action-
Spain gets it again - Yes Mr Mulcair please send money.
Moody
Credit ratings agency Moody’s Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain’s banks will increase the country’s debt burden
Moody's Investors Service - Wikipedia, the free encyclopedia
This chart show debt rating per country- Spain has not been updated as of yet- or should we say down dated.
Moody's Credit Rating for each country
Spain gets it again - Yes Mr Mulcair please send money.
Moody
Credit ratings agency Moody’s Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain’s banks will increase the country’s debt burden
Moody's Investors Service - Wikipedia, the free encyclopedia
This chart show debt rating per country- Spain has not been updated as of yet- or should we say down dated.
Moody's Credit Rating for each country