Socialist Lampoon’s European Vacation Is Over As Merkel Calls To Order

Socialist Lampoon’s European Vacation Is Over As Merkel Calls To Order (ZeroHedge, Sep 3, 2012):

Ahead of this week’s ‘critical’ game-changing events – or not – it seems Europe’s true overlord-ess is back, and now, tanned and relaxed, she is making clear that nothing about her (or her country’s) view of the world has changed – no matter how much Draghi, Monti, Hollande, Rajoy or Samaras jawbone about it. It would seem by her words that expectations are being set and conditionality remains key – which means no matter what the ECB does – it is a can-kick no nearer an end-solution; and the market in its wisdom will price through that can-kick (after knee-jerking first of course): (via Bloomberg)

  • *MERKEL SAYS `DEBT MEANS DEPENDENCY’
  • *MERKEL SAYS EU MUST ENSURE THAT IT FIRST EARNS WHAT IT SPENDS
  • *MERKEL SAYS `ECONOMY THERE FOR PEOPLE, NOT PEOPLE FOR ECONOMY’
  • *MERKEL SAYS EUROPE HAS TO LEARN TO ONLY SPEND WHAT IT TAKES IN
  • *MERKEL SAYS TOO MANY IN EUROPE HAVE LIVED BEYOND THEIR MEANS
  • *MERKEL ‘ABSOLUTELY CONFIDENCE’ ECB TO WORK WITHIN ITS MANDATE

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