• It has come to our attention that some users may have been "banned" when they tried to change their passwords after the site was hacked due to a glitch in the old vBulletin software. This would have occurred around the end of February and does not apply after the site was converted to Xenforo. If you believe you were affected by this, please contact a staff member or use the Contact us link at the bottom of any forum page.

Germany advised to pave the way for Eurozone Bank and Sovereign Default


MPB

Well-known member
Joined
Nov 27, 2009
Messages
4,465
According to Brendan Keenan in todays Indo, the German Govt have been advised by 8 selected economic advisors to introduce Euro wide insolvency legislation that would allow for orderly defaults and debt renegotiations.

It looks like the attempted bailout has failed and a dose of reality is being considered.

Is it too late?
 

Watcher2

Well-known member
Joined
May 2, 2010
Messages
34,098
According to Brendan Keenan in todays Indo, the German Govt have been advised by 8 selected economic advisors to introduce Euro wide insolvency legislation that would allow for orderly defaults and debt renegotiations.

It looks like the attempted bailout has failed and a dose of reality is being considered.

Is it too late?
I hear the Chelsea Oligarch will sue us if we even think of defaulting on his bonds.
 

Aindriu

Well-known member
Joined
Jun 28, 2007
Messages
8,702
I hear the Chelsea Oligarch will sue us if we even think of defaulting on his bonds.
Let him try. We have feck all left to give anyways. petunia
 

MPB

Well-known member
Joined
Nov 27, 2009
Messages
4,465
I hear the Chelsea Oligarch will sue us if we even think of defaulting on his bonds.
The Chelsea Oligarch definitely bought them, but he is going to have awful trouble trying to convince a court that he bought them from us.

I am quite sure that they have the name INBS on them and not Irish Sovereign.

The same goes for the fruit and nuts that bought Senior Bonds in dodgy Private Banks.
 

bormotello

Well-known member
Joined
Aug 8, 2008
Messages
12,171
I hear the Chelsea Oligarch will sue us if we even think of defaulting on his bonds.
Remind him about Russian default in 1998
 

kerdasi amaq

Well-known member
Joined
Aug 24, 2009
Messages
4,690
All our borrowings are against future income. Income the government is determined to prevent people earning.

We must have a reform of our currency and paying for government activity. The tax system we inherited from the British doesn't work, and lets lazy and incompetent politicians off the financial hook.
 

slumdog1971

Well-known member
Joined
Feb 24, 2009
Messages
616
According to Brendan Keenan in todays Indo, the German Govt have been advised by 8 selected economic advisors to introduce Euro wide insolvency legislation that would allow for orderly defaults and debt renegotiations.

It looks like the attempted bailout has failed and a dose of reality is being considered.

Is it too late?
No.

It is time to change the rules and this might be the first step.
 
Joined
Sep 10, 2008
Messages
3,584
Let everyone default, private, personal and sovereign.

Start again with a new system.
 
Top