EU FinMins Admit Real Concern, Will Do ‘Whatever It Takes’ To Avoid Market Unease

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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