9 Responses to Germany threatens to cut off Greece bailout payments if austerity measures aren’t enacted

  1. Conor Brennan says:

    Would it be possible for Greece to sell the Island of Crete to the Chinese? Land is land!!!! It would completely get them out of debt! LOL.

    All joking aside, this is serious serious business folks

  2. nickk0 says:

    “Greece must push a new round of spending cuts through parliament next month to qualify for an 11.5 billion euros aid installment that it needs to avoid bankruptcy.”

    Cut WHAT ? Eventually, Greece will Run Out of things to cut.

  3. Bone Idle says:

    The wild card is that there is potentially oil and gas supplies in the waters around Greece and Cyprus. There is already a pipeline between Russia and Greece.
    The left leaning Grreek parties are waving these potential energy supplies in the face of Germany.

    The Turks have threatened to do their own exploration and around Cyprus (Greek territorial waters) and have also threatened to aneexe Cyprus. The Germans and French have supplied Greece with a lot of military hardware – now you know why.

    These potential oil and gas supplies are a potential game changer. Europe would have a potential energy supply indepencdent from the middle east.
    Did I mention that Israel has taken an interest in these potential supplies and provided a pact with Greece for the exploration and proitection of them?

  4. Emanni says:

    Fed clears China’s first US bank takeover
    http://ca.news.yahoo.com/3-big-chinese-banks-enter-us-banking-market-185200086.html
    The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company.
    Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia.

  5. Ruiner says:

    Germany is the only country in the EU showing any sanity. Germany should leave the EU and start increasing its military might in preparation to defend itself when goverments begin to collapse all around them and massive civil unrest and anarchy ensues.

    • Amanda says:

      LOL…I agree with Ruiner. Germans are tight with their money. I dont blame them for not wanting to pay for the mistakes of others.

  6. Preppin Pawpaw says:

    Alvin
    Have you seen this? http://money.cnn.com/2012/05/10/news/companies/jp-morgan-losses/index.htm?source=cnn_bin or this one… http://www.zerohedge.com/news/worlds-largest-prop-trading-desk-just-went-bust …. I guess the TBTF are failing after all and this is just the start… 3 Billion $$ is a lot of money to lose and there are estimates it could go as high as 20-30 billion… oh my…
    P.P.

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