European Financial Crisis

[anon]

"Germans not bailing all the other lazy, overpaid, spendthrift Europeans much longer".

Discuss.

[Old Mike]

The latest proposals by the German and French leaders amount to a takeover of the poor nations by the rich.
Since Bismark Germany has been aiming at a pan European empire. They did not succed with guns.
They are close to success by lending money that they know cennot be repaid, then foreclosing.
Sieg!

[P.O.D.]

OM, that post's not up to your usual high standard.

Germany has been brow-beaten by the allies since 1945 and future generations have been programmed to believe they were responsible for the holocaust. They were not and the most frightening aspect of this long saga is the fact that we all believe a nation perpetrated those crimes when in fact it was a small group which dominated the nation.
It could have happened in any country.

Today we see dictators clinging to power using the most outrageous acts of indiscriminate brutality and they cling to power. To witness the cold-blooded murders committed in the name of
Bashar al-Assad, a seemingly mild mannered optician, or Kim jong-il's grip over a population so mentally abused that they will dance on cue or starve to death passively, without a murmur.

This is fear and control.

Germans work hard and are instinctively law-abiding and their riches are well deserved.

France has ambitions of European Empire and France wants Germany to pay for it.

Its time Germany stood up and denied their hard-earned cash to the poorer countries in Europe who could have used their joint account status to develop their infrastructure but instead used it to perpetuate a quality of life by a population which refuses to pay taxes.

[Blaze]

"Germans not bailing all the other lazy, overpaid, spendthrift Europeans much longer".

Discuss.

OP, let me correct your statement just a bit... It's not 'all other lazy...etc Europeans' other than Germans. We can clearly see there are two blocks forming within Euro countries. First block is the financial stable north (Germany, Netherlands, Luxemburg, Austria, Finland) who now are paying for the 'lazy' southern countries (Italy, Greece, Spain, Portugal etc...). This cannot go on.

The southern block wouldn't like the north to come and tell them to change their lifestyle and north doesn't want to end up paying more obviously. The only one favoring this are the French, because they are half Mediterranean and half European. They are too big to be bullied by north but too poor to make the cash cow group.

[P.O.D.]

There was a good article in the International Herald Tribune concerning German banks' leverage.

They say German banks owned 50% of US sub-prime and are by far the biggest lenders to Greece, Portugal, Italy etc. If the Euro collapses they will lose heavily however the total of their loans dos not amount to a significant percentage of their GDP.

Italy tried to delay imposing strict controls on spending for 4 years when another government will inherit the problem but EU insisted they make cuts. But like France, and many other EU countries, they will ignore the EU. Its only the dumb Brits who obey.

Incidentally the Italians owe over 100% GDP and their politicians are the highest paid in Europe, possibly the world. 
It doesn't take a rocket scientist to understand where the cuts should start.

[Agent007]

Old Mike is correct.

Bloody krauts.

We will fight on the beaches....again!

[CDO salesman]

Bankers from Dusseldorf are the best.

[eol]

The eurozone is coming to an end.

Germany, UK, Netherlands, France, they have all had enough.

[P.O.D.]

On the news today, the greatest opponents to the continuation of the European Union is not Germany, but FRANCE! 
It is claimed that the EU has eroded freedoms, destroyed the various European national cultures and has made Europe a more dangerous, not safer, place to live.

[eol]

The end of the eurozone is coming next.  We have all but lost our national identities and too many of our jobs are taken over by polish.

We all want out.

[CrisisWhatCrisis]

A buyer has signed up to pay a record-breaking $19 million for a four-bedroom apartment at The Marq on Paterson Hill.

The posh project near Orchard Road already holds the record in terms of price per square foot but this deal will easily trump it - no mean feat given the softer market for high-end homes.

It is understood the buyer - who is from overseas - has inked a deal to purchase the 3,003 sq ft unit for just under $6,400 per square foot (psf).

The previous record of $5,842 psf was set in May with the sale of a similarly sized four-bedroom unit at The Marq on Paterson Hill, which was built by SC Global Developments.

[Blaze]

The eurozone is coming to an end.

Germany, UK, Netherlands, France, they have all had enough.

You must be right.

UK has already resigned. 

[EarMuffs]

These Marc purchases are obviously purely financial deals. They're not buying to live there. Nothing special about the place, not the best of locations in Orchard, noisy as all getout, etc.

[eol]

I believe the correct phrase is 'snapped up'.  In singapore, nobody 'buys' property they 'snap it up'

Demand far outstrips supply, you have to be quick !

It will always be like this.

Best place to be is Singapore nowadays.   

My advice is if you are able to stay,(there is always strong demand for western talent remember) buy property, invest in asia and retire happy in asia.

[anon]

Yes property is on the up. RIM (Blackberry maker) and the big banks are retrenching people, so everyone will be seeking safety in Singapore properties .