The future of the Euro and EU.

[SGWilko]

Hiroshima and Nagasaki continued to be Cities

Yes, they do, and that is because the type of nuclear weapons that Little Boy and Fat Man were, there was not a lingering risk (after the initial massive radiation release) of radiation. Nukes today are designed to wreak much more power that were released on the Japanese Cities, and the after effects of nuclear fallout are massive.

Hiroshima and Nagasaki, hopefully, the only time such weapons that are released in anger.

[pino]

Guys keep this on topic or I will close it

[ioan]

Guys keep this on topic or I will close it

You can't end The future of the Euro and the EU. We need it.

[anthonyvop]

Businesses plan for possible end of euro

[Rollo]

Businesses plan for possible end of euro

This sits behind Rupert's Pay Wall. Care to enlighten us on what it says?

[ioan]

This sits behind Rupert's Pay Wall. Care to enlighten us on what it says?

Same here.
Probably it's just the ramblings of another UK journalist who takes something out of context and dreams with eyes wide open.

[Mark]

I've deleted the off-topic posts. This thread is about the Euro, not ranting about the Middle East or whatever, there's another thread for that.

[anthonyvop]

Why December 9 Could Be One Of The Biggest Days In The History Of Europe
Simone Foxman | Dec. 2, 2011, 10:05 AM | 14,301 | 23


If you're watching Europe, then the biggest date on your mind is probably December 9.

That's when EU leaders meet for their next big summit in Brussels. Investors and journalists appear convinced that this meeting will be a make-it-or-break-it moment for the euro area, and for three good reasons:

Rising German bond yields
The fragility of France's credit rating
The impending disbursement of the next tranche of Greek aid

If EU leaders are going to embrace radical action now is the time to do it.

The eurozone crisis is clearly infecting the core, with Germany, France, and Belgium feeling the heat of rising bond yields. That was probably some of the biggest news to come out lately; it suggests that the crisis is putting even German credit at risk.

We're continuing to see positive German economic data—like the drop in unemployment to 5.5% in October. But even the slight effect the crisis has had on rising sovereign yields (not to mention common sense) suggests that if euro area economy continues to deteriorate it's really just a matter of time until data beats become misses.

Next, speculation that France's sovereign credit rating is up in the air has turned into a real threat. In the last week, all three of the major ratings agencies have reiterated warnings that the country's AAA is on shaky ground and, again, it's only a matter of time before this fear materializes. If they lose the triple A, then the euro area may no longer be able to bail itself out.

The next $11 billion in troika aid waits for a vote in the Greek Parliament on the country's 2012 budget. Likely, disbursement wouldn't take place until after the summit, so this is essentially EU leaders' last chance to throw Greece to the dogs. If their fiscal compact entails kicking a country or two out of the currency (Greece and Portugal would probably top that list), this is their last chance not to waste taxpayer money on another round of aid for Greece.

Even so, expectations that EU leaders will live up to the kind of endgame that investors are talking about is probably overblown. German Chancellor Angela Merkel spat on those hopes today when she likened the crisis to a marathon, saying that will come after "years of difficulties," not a "single effective blow." Germany has time and again opposed ECB intervention or eurobonds without substantial change—the kind of change that would only come with revisions to its Constitution, and at the end of the day any decision in the EU will require Germany to be on board.

More than anything, markets are looking for a long-term commitment to fixing the crisis and tackling the problems at its core. Instead of a quick fix, we'll probably see a long-term outline of the measures leaders are going to pass and the criteria for an expansion of the ECB's powers in the medium term. Markets will gauge their reaction upon how credible this plan is, and how far it goes towards truly resolving the problems of the EU currency union.

Read more: Will the Endgame For The Euro Crisis Be Decided On December 9?

[zvjerkan]

I think the biggest problem in the European crisis and collapse of some states and it urgently needs to change!
And the reason why I came here, if someone can send me where pp read news about Europe
p.s Here's a picture

[ioan]

US got their rating downgraded earlier this year and, figuratively speaking, no one died. So why would France losing their AAA rating mean a bigger problem?!

How can Germany have credit problems when it has the strongest economy out there? Because this whole thing is an orchestrated charade.
Next step will be the European federal government, it's time for it to happen.