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EU-27 debt crisis statement: the full text

StevieJ
StevieJ Posts: 20,174 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
Well here it is.

http://uk.finance.yahoo.com/news/EU-27-debt-crisis-statement-tele-186131267.html?x=0
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments

  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    So basically they're saying banks need to raise more capital. Doesn't sound particularly earth-shattering!
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Masomnia wrote: »
    So basically they're saying banks need to raise more capital. Doesn't sound particularly earth-shattering!

    Also a sub text of increasing the emergency fund.
    BRUSSELS (Reuters) - Euro zone leaders intend to scale up their emergency fund, the European Financial Stability Facility, to around 1.0 trillion euros (871 billion pounds), EU sources said on

    http://uk.finance.yahoo.com/news/Euro-zone-leverage-EFSF-4-reuters_molt-1501137882.html?x=0
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Spin and bullsh1t.


    The system is f*cked and they know it.

    Fancy words and more printy printy will not fix things.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    StevieJ wrote: »
    Also a sub text of increasing the emergency fund.



    http://uk.finance.yahoo.com/news/Euro-zone-leverage-EFSF-4-reuters_molt-1501137882.html?x=0

    Hmm, will that be enough? I'm sure I heard the figure of twice that banded about.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Seems as if Italy has agreed to raise retirement age to 67. Amongst other budgetry changes.

    So piece by piece the jig saw is coming together.
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Thrugelmir wrote: »
    Seems as if Italy has agreed to raise retirement age to 67.
    By 2026... Harsh but fair?
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Thrugelmir wrote: »
    Seems as if Italy has agreed to raise retirement age to 67. Amongst other budgetry changes.

    So piece by piece the jig saw is coming together.

    It's one advantage of can kicking - it gives time to get the pieces together.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ManAtHome wrote: »
    By 2026... Harsh but fair?

    There seems to be a broad realisation that the current welfare system is unaffordable and something has to give. Maybe pension age will become standardised across Europe given time.
  • DervProf
    DervProf Posts: 4,035 Forumite
    nearlynew wrote: »
    Spin and bullsh1t.


    The system is f*cked and they know it.

    Fancy words and more printy printy will not fix things.

    I can't say that I know the details of the plan, but given past performance, I'd say they've found a way of hiding the problem rather than solving it. That's probably why they`ve got the problem in the first place.

    Buy now, pray later. That seems to be the way the world works.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • bendix
    bendix Posts: 5,499 Forumite
    nearlynew wrote: »
    Spin and bullsh1t.


    The system is f*cked and they know it.

    Fancy words and more printy printy will not fix things.




    Do you ever contribute anything to this forum, except for this innane rubbish, Mr Trust Fund?
This discussion has been closed.
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