Germany in Hysteria Over Bailout
We have wondered recently about how long Germany would continue to co-sign loans for all the other countries in Euro-zone. Today we find out that the Germans may have had about enough.
Mrs Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country's constitutional court rules on the legality of the EU's bail-out machinery.
The seething discontent in Germany over Europe's debt crisis has spread to all the key institutions of the state. "Hysteria is sweeping Germany " said Klaus Regling, the EFSF's director.
See it here; http://www.telegraph.co.uk/finance/financialcrisis/8728628/Euro-bail-out-in-doubt-as-hysteria-sweeps-Germany.html
What will happen if the Euro starts collapsing?...no one really know how it will play out, but we can assume it will be a very violent event for the financial markets...which are already more volatile than they have EVER been.
3 Comments:
Hi! This is not a comment on this paticular post, but I was unable to locate a link to where I could ask you a question about something totally unrelated :)
My question is: Have you read anything concening the ground zero mosque, or the qround breaking ceremony that was going to take place on 9/11/11? I cannot find anything on it! I am wondering if they are going to "suprise" us all by holding the ceremony that day without letting the news get out before hand.
Holding a ceremony like that on the 10 year anniversary would be an act of war, and I keep thinking about David Wilkerson's prophecy about 1,000 fires comming to New York City. I don't want to see it happen but his prophecies have come to pass in the past so it concerns me.
I appreciate your blog!
Be blessed!
Tammy Peterson
Nashville, TN
Hey there,
Another article along these lines that is a good read.
Market crash 'could hit within weeks', warn bankers A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets.
http://www.telegraph.co.uk/finance/financialcrisis/8721151/Market-crash-could-hit-within-weeks-warn-bankers.html
September is looking like it could be very interesting.
Peace,
Tom
Hi Tammy,
last I had heard the developers were having numerous problems, so I don't believe the mosque has been built so of course don't think there will be any grand opening any time soon. Here is one article that is pretty recent. http://pajamasmedia.com/barryrubin/2011/08/28/the-ground-zero-mosque-will-never-be-built-for-totally-non-political-reasons/ Thanks for reading and for the encouragement!
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