FT’s Boland on EU $962 Billion Rescue Plan

Bloomberg — May 10, 2010 — May 10 (Bloomberg) — Vincent Boland of the Financial Times’ Lex commentary team talks with Bloomberg’s Deirdre Bolton about the European Union’s 750 billion euro (2 billion) aid package and program of bond purchases to help stop a sovereign-debt crisis that threatens to shatter confidence in the euro. Copyright Bloomberg 2010 Greek Greece bailout euro rescue loan debt imf eu emf central bank protests protesters riots death Portugal spain italy downgrade default sovereign pigs piigs eurozone euro-zone international monetary fund bonds financial times aid package European union germany france Ireland budget deficits
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25 Responses to FT’s Boland on EU $962 Billion Rescue Plan

  1. ne0nsurf says:

    smash the? nwo

  2. fal2grace says:

    @iknownothingnow yep U.S. in IMF role is funding Greece..or rather as Faber said we’re funding the European banks.? thanks much.

  3. iknownothingnow says:

    Austerity a euphemism for pain. Delivered with smiling faces of the politicians to the working class.

    This is an aspirin for a heart attack. It is helping but the core issue of debt is not resolved.

    We can all thank the U.S. government for loaning $100 billion to the IMF. Tax payers are on the hook to help Greece. You remember that vote right?

    Ha, ha! There was no vote! ? And why should there be, because the politicians do not care.

  4. fal2grace says:

    @reverendjordan it doesn’t compute? in my brain either… *already bought some gold and silver and probably should buy more* lol

  5. reverendjordan says:

    @fal2grace im just trying to imagine it over a continental scale… it just doesn’t compute in my brain. IF the money reaches regular people(instead of getting trapped in the banks) it won’t be for YEARS or in loans. i don’t see how this could work. it’s too big. too much. how much of this trillion is gonna get lost? in bueracracy? thank god im young(22) and don’t really have a lot of stake in this world yet or i’d probably be losing my mind these days. *keeps buying his gold and silver*

  6. fal2grace says:

    @TheReallitycheck :) :) ?

  7. TheReallitycheck says:

    @fal2grace

    and that is an? under statement:-)

  8. fal2grace says:

    @SteveTheFool? you’re welcome. thanks for watching.

  9. SteveTheFool says:

    thank you for the vids?

  10. fal2grace says:

    @chena3 “pay up or we take you out”…sounds like the mob, only these guys? have more power.

  11. fal2grace says:

    @continuityofliberty excellent, eloquent comments. thanks?

  12. fal2grace says:

    @reverendjordan “how do you bail out a continent?” … that’s the best? question i’ve heard in a while. thanks

  13. Airave says:

    @fal2grace How can you be so fast???? :O

  14. fal2grace says:

    @Airave I do think I? came up with the gremlins:) :)

  15. Airave says:

    @fal2grace? I think it was you who 1st
    brought up Gremlins! I’m playful and
    strong enough to “go with the flow”,
    as long as it is all good! :) Still, yeah….
    I’m into metaphor, poetry, writing songs…
    Jungian concepts, was very Catholic
    (now decades Athiest), could go on….
    Just a style I choose to use
    here on the YouTubes.
    And we are living in very Surrealistic times.
    I may seem flippant (I’m really not),
    but so do “news” reports and “events”, no?
    Fairies… not my scene, but hey, LALL.
    Luv.

  16. fal2grace says:

    @chena3 exponential badgers…thanks? chena

  17. fal2grace says:

    @Airave i swear? you’re living in a Brothers Grimm tale…lol (fairies, gremlins, etc.)

  18. fal2grace says:

    @ShillBasher you’re very? welcome

  19. ShillBasher says:

    Good upload, thankx : )?

  20. reverendjordan says:

    it’s so awful this isn’t haedline news on most news? sites. this is completly crazy. how do you bail out a continent? our world is out of control.(well, our control) guuuuuuuuuughhhh i remember my 8th grade teacher explaining how trickle down economics don’t work. i don’t see this and all these other bailouts as being any different. how long can we keep pointing at corporate and bank gains as being signs of a country’s strength? when will the people suffer enough? so many questions. auuuuuuuuuugh

  21. axionication says:

    One ring to rule them all =central banks. Personal savings will become an anathema to central banks.

    Sophisticated health care? If you have savings.
    Retiring? If you have savings.
    State? Pensions? Ha ha ha.

    No bail out for little man. Little man to do the bailing.

  22. chena3 says:

    morgan stanley ..stephen roach ..
    intercrisis half-life continues to decline as the severity jumps exponentially.
    In other words
    , in nine months we will need a combined Fed-ECB-BOE-PBoC-BOJ? effort for about $10 trillion just to calm the markets.
    4.5 months after that, $100 trillion more..
    . And so forth.

    yep if you whack a badger…
    you end up whacking …
    all of the badgers .

  23. Airave says:

    @fal2grace Indeed.
    I fear they are?
    overall afoot….

  24. continuityofliberty says:

    It’s like juggling – just throw more balls in the air to keep the game going! Wheee!

    Part of me sees all this imaginary money flying around as an amusing spectacle of delusional arrogance, and the other sees it as tragically offensive.

    Remember when debt was a direct deal between two entities? Now it’s sold, resold, repackaged, resold, subsidized, tweaked, hidden, repackaged, bailed out, resold…

    Don’t you just love being forced to pay for your? own pain!

  25. chena3 says:

    80? hrs later
    fed sets up 400 billion currency swap with euro land
    guess what they will take as collateral
    MBS ..worthless trash ..at 100 cts on the dollar

    how’s that
    for transparency ..

    give the badger second line..[ honorable mention ]
    he helped rough out the edges ..
    parsnips any one …