G20 gives 8 days to solve debt crisis

[lovuian]

http://www.thetimes.co.uk/tto/news/

The world’s leading economies today ordered Europe to resolve its debt crisis within the next eight days to prevent it dragging down the world economy. In unusually direct language, G20 finance ministers and central bankers said they expected next Sunday’s European Union (EU) summit in Brussels to “decisively address the current challenges through a comprehensive plan”. “Europe needs to get its act together because unless the crisis is put to an end, it will start to affect emerging economies which have enjoyed strong growth,” Jun Azumi, the Japanese Finance Minister, said. His Canadian counterpart, Jim Flaherty, said the risk of a global recession would be dramatically higher if the summit, scheduled for October 23, failed to deliver.

[lovuian]

1. G20 wants to boost the IMF bank account

Splits have emerged over suggestions that the IMF’s armoury should be boosted by hundreds of billions of dollars to tackle the debt crisis

One wonders where the hundreds of billions going to come from
with most countries in massive debt?

America?
http://www.thetimes.co.uk/tto/news/

[Poll_Blind]

2. Gonna need a bigger popcorn icon.

:popcorn:

PB

[OnceUponTimeOnTheNet]

3. lol!!

much munching ahead :popcorn:

[Lionessa]

4. We don't have a debt crisis, we have an earnings crisis.

[midnight]

5. Erase all the debt.... Problem solved...

[Yavin4]

6. IOW, They Want The German Taxpayers To Bail Out The Insolvent Banks

when Greece defaults. German taxpayers are not going to do this, and they will revolt.

Keep in mind, it's not Greece they want to bail out. It's the banks that have Greek debt on their books that they want to bail out.

[JCMach1]

7. The American taxpayers already bailed out Dexia once...

Dexia's debt is actually more than Greece.

Now they want Germany to do it...

Meanwhile, the global elite sells off the profitable bits to each other leaving the debt for the taxpayers.

Read: Qatar buys Dexia Luxembourg- http://www.businessday.com.au/business/world-business/qatar-snaps-up-dexia-luxembourg-20111011-1li3f.html

[Yavin4]

9. Unlike Americans, The Germans Won't Stand For it

Germany is still a democracy. The voice and will of the people will be heard, and no amount of international banker pressure matters to them. They will pull out of the Euro. They still have their mfg base. Their people save, and they don't have a global military empire to support.

When the insolvent banks finally disappear, Germany will stand as a global super power. My advice is to learn German. I will be doing just that next year.

[JCMach1]

10. Even if they go along, Merkel is toast...

but once the cow is out of the barn...

[Safetykitten]

8. In related news, The FED will be purchasing the printer division of HP.