Jun 27

EU FinMins Admit Real Concern, Will Do ‘Whatever It Takes’ To Avoid Market Unease (ZeroHedge, June 27, 2015):

It is clear from the EU Finance Ministers’ template-like comments to the press what the real worry is in Europe (and the world). It’s not The Greeks (Schaeuble: No other decision was possible, no problem with Greek referendum… need to see what happens next”), it’s something else:

  • *SCHAEUBLE SAYS DOING EVERYTHING POSSIBLE TO AVERT MARKET UNEASE
  • *PADOAN: INSTRUMENTS IN PLACE TO COUNTER POSSIBLE CONTAGION
  • *DIJSSELBLOEM: OUR INSTITUTIONS ARE PREPARED TO TAKE ANY ACTION
  • *STUBB: “I DO NOT SEE A RISK OF CONTAGION”
  • *SCHAEUBLE SAYS WE’LL DO EVERYTHING TO FIGHT CONTAGION THREAT
  • *PADOAN: IF INSTABILITY, ECB HAS INSTRUMENTS TO INTERVENE

And then there’s this utter rubbish:  

  • ITALY’S PADOAN: “EURO AREA IS VERY STRONG.”
  • SCHAEUBLE SAYS EURO ZONE IS STABLE, REMAINS STABLE

But then they spew this…

  • *PADOAN: “AT THIS POINT WE HAVE A CRISIS SITUATION”
  • *SCHAEUBLE SAYS GREEK DECISION WILL RESULT IN DAYS OF UNQUIET

What a farce!

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Save The Markets, screw The Greeks; save The Bankers, screw Democracy.

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Over to you Draghi…

draghi

Unleash the bond-buying… let’s just hope that Buba plays along.

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