Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
European Salon de News, Discussion et Klatsch - 1 October | 120 comments (120 topical, editorial, 0 hidden)
Re: Europe (4.00 / 3)
It's the old two-step or Catch 22.

Germany refuses to allow the ECB to print money. (Not sure how they get away with this, but so far they have.)

Because the ECB can't print money, Europe must beg for money from Germany.

Then, because it's German money, the German constitution is a limiting factor.

Thus - nothing happens.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Oct 1st, 2012 at 06:34:29 AM EST
[ Parent ]
Re: Europe (none / 0)
I don't understand spain though. What are they trying to do? Sidestep the ESM and go directly to the ecb? That won't work. Or waiting for the ESM to avoid complications? Haggling about the conditions?

If the spanish banks need 60 billion and most of it nationalized banks, a avoidance of a formal rescue doesn't really seems possible.

by IM on Mon Oct 1st, 2012 at 06:58:03 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 1 October | 120 comments (120 topical, 0 editorial, 0 hidden)
Display:

Top Diaries

Zero Net Energy - May 6, 2026

by gmoke - May 6

Project Free-Dumb

by rifek - May 4
3 comments

Energy (and Other) Events Monthly - May 2026

by gmoke - Apr 26
1 comment

Growing Food in Hard Times

by gmoke - Apr 20
1 comment

US Rugby

by rifek - Apr 18

There Are No Grown-Ups In Charge

by rifek - Apr 17
2 comments

Recent Diaries

EU Microsoft Servers Complicit in Palestinian Genocide

by Oui - May 14

Bibi World, Genocide and Paid Hasbara Influencers

by Oui - May 13

Local Elections 2026 - Starmer Sinks Labour Party

by Oui - May 8
2 comments

Zero Net Energy - May 6, 2026

by gmoke - May 6

Project Free-Dumb

by rifek - May 4
3 comments

European Nations Scold Trump's War On Iran

by Oui - May 4
2 comments

Zionist Terror Genocide of Palestinians

by Oui - May 4

Mrs. Kallas Calling ...

by Oui - May 1

A Shock Netanyahu's Cabal Didn't See Coming

by Oui - Apr 27

Energy (and Other) Events Monthly - May 2026

by gmoke - Apr 26
1 comment

Triumph of the Divine Will

by Oui - Apr 25

Children of Actor Ronald Reagan Running EU Today

by Oui - Apr 23

Ploy for Surprise Attack On Iran

by Oui - Apr 22

Growing Food in Hard Times

by gmoke - Apr 20
1 comment

Remember Rachel Corrie

by Oui - Apr 20
4 comments

US Rugby

by rifek - Apr 18

An Expert on What Happened in Hungary

by gmoke - Apr 18

Trump Orders Freedom of Navigation in Hormuz Strait

by Oui - Apr 18
1 comment

There Are No Grown-Ups In Charge

by rifek - Apr 17
2 comments

More Diaries...

Occasional Series