The European Debt Crisis and the Euro - Page 80

On June 07 2012 22:52 DeepElemBlues wrote:


Everything he said is listed there, you're just being pigheaded because he disagreed with you.

On June 07 2012 23:44 50bani wrote:
Funny that Nazi is in fact Socialist so the doctrines are closer than you might think. They should all be friends, but you know, they like to vilify somebody in order to get points across to the people, might as well vilify each other.

On June 08 2012 00:22 Recognizable wrote:


They all think they have this one truth which is superior to others, ofcourse they get mad at eachother. Much like religion actually.

On June 07 2012 23:44 50bani wrote:
Funny that Nazi is in fact Socialist so the doctrines are closer than you might think. They should all be friends, but you know, they like to vilify somebody in order to get points across to the people, might as well vilify each other.

BRUSSELS, June 9 (Reuters) - Spain will request aid from its euro zone partners of up to 100 billion euros but not until it has a clearer idea of the amount of capital its banks needs from independent audits due to report in just over a week, EU sources told Reuters on Saturday.

Spain indicated during a conference call of the euro zone's 17 finance ministers that it wanted aid for its banks but would not specify the amount until two independent consultants deliver their assessment of the capital needs some time before June 21.

"They want the aid, but they'll only say how much in a few days' time," one of the sources said.

A bailout for Spain's teetering banks, once requested by Madrid, could amount to as much as 100 billion euros ($125 billion), two senior EU sources told Reuters, although they emphasised that the final request could be much less than that.

Earlier, Eurogroup chairman Jean-Claude Juncker called for a "quick solution" which, once it led Madrid to ask the currency bloc for help, would make it the fourth country to seek assistance since Europe's debt crisis began.

One source who was on an earlier Saturday call to discuss the technicalities of a rescue said Spain did not want International Monetary Fund involved in the package for its banks. But it is unlikely to get its way with IMF oversight required even though it will not be putting up any money.

Officials said there had been a heated debate over the IMF's role. In the end it was agreed that the IMF would help monitor reforms in Spain's banking sector, while EU institutions would ensure Spain stuck to its broader economic commitments.

"It's not getting a programme as such, but there's still monitoring, especially of banking reform," one source said.

On June 08 2012 01:26 AmorFatiAbyss wrote:

Yes, this is true! People like to quibble though about the differences in ideology.

Socialist, fascist, communist, authoritarian, totalitarian, dictatorship.... they are all fundamentally the same in that they all operate on the same primary premise: That the individual should be subordinated to the state. Liberals, and I mean liberals in the classic sense of the term, people who believe in liberty, believe that the government derives it's powers from the consent of the governed. Unfortunately many people are eager to give their consent to inevitable slavery.

On June 11 2012 09:16 Soliloquy. wrote:
There also seems to be trouble coming from ireland italy portugal and posssibly spain. This is the reason why europe should never had switched over to the euro they already had enough unity and being to unified is never a good thing because it ends up screwing over a great powerful country like germany hopefully they dissolve the euro but i don't see that happening in the near future

On June 07 2012 23:44 50bani wrote:
Funny that Nazi is in fact Socialist so the doctrines are closer than you might think. They should all be friends, but you know, they like to vilify somebody in order to get points across to the people, might as well vilify each other.

Begin with the poisonous links between the banks and the budget. Rather than injecting the funds straight into the banking system, Spain’s rescuers are lending them to the government. That could raise its debt by as much as ten percentage points of GDP. Moreover, if the money comes from the European Stability Mechanism, the EU’s permanent rescue fund, it will be senior to ordinary government bonds. As a result, Spain’s borrowing costs could rise further as investors fret both about the government’s solvency and about their place in the creditors’ queue.

There is good reason to fear that the second problem—the lack of confidence in the single currency—is going to get still worse. On June 17th Greece goes to the polls again. If it elects a government determined to rip up the conditions of its bail-out, it could be out of the euro soon. That would exacerbate concerns not just about Spain’s future, but also about Italy’s. The yields on Italian bonds shot up this week because of fears of contagion.

On June 10 2012 04:45 kemoryan wrote:


Oh boy... you both have no idea what you're talking about.

A republican and a democrat(in America) are closer to each other than a Nazi and Socialist, but I guess whatever we don't understand we can make stupid comments about because they have one or two similiarities.

On June 15 2012 11:12 DeepElemBlues wrote:


In the 1920s when fascism was born it was regarded as a left-wing ideology. Because Mussolini was a former socialist who still believed in a lot of socialist ideas, and anti-capitalist economic populism was a big part of fascist rhetoric in Europe and policy in Italy.

Only when Hitler made his main bogeyman "Judeo-Bolshevism," the Night of the Long Knives that overwhelmingly targeted socialist Nazis like Ernst Rohm, and the Spanish Civil War did fascism become associated with right-wing ideology.



Nazi Germany had a "Four-Year Plan," from 1933-1937. National Socialism and regular socialism have a lot more in common (the solidarity concept - racial for Nazism, the proletariat and peasantry for socialism, economics dictated by the need of the state, the hatemongering on the Enemy whether it be capitalists or Jews, to name a few) than people think. There are a lot more than one or two similarities.