Austria refuses to pay EU Bailout Greece fund.

Cassandra Syndrome

Well-known member
Joined
Aug 23, 2009
Messages
16,885
Will this influence others to follow suit and look after their own?

The EU's finely tuned (and well-greased by assorted bankers) Nash Equilibrium is about to become history. Austria is the first major country to say enough to Greece's endless lies. Why? Who knows - Austrian banks will be first on the firing squad line when, not it, Greece implodes. Perhaps even Europe is getting sick of this charade. Next up - every man for themselves, but only those who defect first win.
Austria Witholds Funds To EU Greece Bailout Package, Says Greece Hasn't Met Commitments To EU On Public Finances | zero hedge
 


Tea Party Patriot

Well-known member
Joined
Oct 31, 2010
Messages
11,468
This probably explains why the President of the EU said this morning that Failure to resolve the debt crisis would see the end of the euro and the EU.

If Austria baulks at putting in money to the fund other countries may well follow suit. Which also begs the question will they baulk at giving money to Ireland at a later date as well?
 

HarshBuzz

Well-known member
Joined
Feb 28, 2008
Messages
11,815
Austrian banks are fairly stressed as it is

when is the next election due over there?
 

TradCat

Well-known member
Joined
Jun 5, 2005
Messages
1,989
Defect, devalue, default. It's the only thing that makes sense.
 

Telemachus

Well-known member
Joined
Apr 8, 2004
Messages
6,480
Website
en.wikipedia.org
Excellent news, I hope more countries follow suit. Of course if the Austrians arent going to cough up for Greece they sure as hell aint going to cough up for Irelands banks.

Captain Von Rompoy might have hit an Iceberg here, bring it on.

Cant wait to hear from Lenny when he gets back from Belgium, he'll probs need an icepack on his arse for a week.
 

seanmacc

Well-known member
Joined
Jan 10, 2009
Messages
1,016
This can throw the Eurozone into absolute chaos and can be a good thing for Ireland if we play this right. Hopefully we will see a crash in the Euros value.
 

rubensni

Well-known member
Joined
Apr 27, 2009
Messages
737
Bailout or no bailout for ourselves, this crisis is only getting started.
 

DeputyEdo

Well-known member
Joined
Aug 9, 2010
Messages
3,449
This can throw the Eurozone into absolute chaos and can be a good thing for Ireland if we play this right. Hopefully we will see a crash in the Euros value.
With FF in power, you can bet your last cent that it won't be played right.
 


New Threads

Popular Threads

Most Replies

Top