You sort of knew the Germans were going to be pissed. Every time something happens in Central or Eastern Europe all eyes get Teutonic twinkles and the likes of Angela Merkel start getting fruit baskets in the mail. What’s the problem this time? Cheap mortgages funded with the carry trade (we tried to borrow Canadian dollars but people only laughed), declining demand for the exports headed to the West, declining currencies. All in all, “a New Iron Curtain,” is said to be descending. Very dramatic. Probably not the reference to use on Germany, when coming from the East, you understand.
In a way you can almost think of an East Europe bailout as a proxy for mortgage and homeowner bailout plans in the United States. Unlike the United States, however, it doesn’t look like billions are going to be tossed at the problem in hopes the bubble might re-inflate. This isn’t because of any particular moral fiber on the part of Western Europe. Rather, developing a mandate there is about like herding cats… into a doberman infested bathtub.
EU Rejects a Rescue of Faltering East Europe [The Wall Street Journal]
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First Bitches!
SPODE
Second Bitches!
SPODE
Third Bitches!
SPODE
Third Bitches!
NOT SPODE
Fifth Bitches!
SPODE
Sixth Bitches!
SPODE
Seventh Bitches!
STEVIE COHEN
Seventh Bitches!
SPODE
What are the first year bitches numbers?
THIS IS WHY WE CAN’T HAVE NICE THINGS, LIKE ANONYMOUS COMMENTING. CUT IT OUT, YOU FUCKTARDS.
Am I an Idiot?
SPODE
ze germans?
you mean, ze germans that were the first ones to break the euro inclusion policy about budget deficit size and then refused to pay the stipulated fines?
#10 is mad.
#10 needs a hug.
70% of Austia’s GDP is lent to Eastern Europe. Can you say “cascading bank failure in the EU” ??
link is wrong, bitches.
SPODE @13- No, you’re misunderstood. Keep living the dream man!
bad link
@SPODE
Trying to contain my laughter….
Pretty sure the EU doesn’t care about Kittens either EP.
New Europe paging Donald Rumsfeld!!!
Thanks for catching the link error. Fixed! (Sorry).
Der Heimat will take nubile lasses from the Pannonian Plains in satisfaction of those Euro-denominated mortgages…
Dylan Ratigan is an asshole.
Burn Mother F#cker, Burn…..
The EU wasn’t exactly a loving family before this mess and the Iron Curtain threat is very weak coming from the weak. Hungary can go back to being the Austria’s retarded neighbor always looking over the fence at you.
The EU wasn’t exactly a loving family before this mess and the Iron Curtain threat is very weak coming from the weak. Hungary can go back to being the Austria’s retarded neighbor always looking over the fence at you.
So what?
SPODE is winning at life so hard it’s kind of ridiculous.
It’s die Heimat.
To think Turkey wants to get into the EU! They would be better off joining a circus. They should start their own union; call it TU
ron kirk – obama trade rep…yes, you guessed it – didn’t pay his taxes. can’t they nominate any taxpayers for these jobs?
Are on the verge of events that will lead to a 3rd world war?
I can’t wait until UBS releases the names of all 52,000 tax evaders. You know what they say about people who live in glass houses.
@34 Demetri Martin says only those who live in glass houses should throw stones…if they are trapped.
@34 Demetri Martin says only those who live in glass houses should throw stones…if they are trapped.
@34- Or if they double post.
@12. Funny, no? Ze germans have always been stuck up pricks.
Damn, I hear I just missed Prince Citi on CNBC.
Germans taking their revenge on the bitch states for stabbing them in the back on Iraq.
Guess New Europe isn’t as strong as Old Europe after all.
@24
Kudos to you. Creditanstalt is where it all started last time around. One look where Austria has been lending and the sense of deja vu is overwhelming.
Quite seriously, with the G-20 (way too many chefs) meeting coming up in April in London, I think we can all assume the anarchists and malcontents, not to mention a few million with legitimate complaints, will be out in the streets.
Not to be alarmist, but I fully expect the European capitals to burn before this summer is out, if not before.
@21
Well that’s a first, the word in parenthesis.
all the germans ever wanted was a little lebensraum to the east…
#12 yup it’s zee Germans for sure. The same dobermans that didn’t seem to complain too much while they were the recipients of the Marshall plan. Of course they know full well that “bailing out Eastern Europe” really means bailing out Austrian/German/Scandinavian banks. Merkel’s bluff will be called.