Opposition in Europe's few well administered and financially sound countries is rising againts fruther bailouts of the mismanaged ones. Finnish President Tarja Halonen said countries like Germany and Finland need to "stop paying for the fiscal sins of the euro region’s weakest members if the bloc is ever to have a fair system,”.
“The good girls, like Finland and Germany, they are not the payers for the future,” “European citizens expect that there will be also a fair system inside the European Union and in the euro, and that’s why we have to have quite hard discipline.”
“We are ready to protect the euro,” “everybody has to look after their own economy and follow the rules,”
Bloomberg reports that Portugal’s debt rating was cut two steps by Moody’s Investors Service yesterday to A3 "amid a weaker economic outlook and a possible need to recapitalize its banks",.
In Finland, one of the single currency area’s six AAA rated members, anti-euro sentiment has risen "as polls indicate taxpayers in the Nordic country are tired of supporting governments that have overspent".
Wednesday, March 16, 2011
Pressures Mount in Europe Against Bailouts: Finland Says Good European Countries Need To Stop Paying For Bad Countries Sins
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2011
(510)
-
▼
March
(77)
- Currency Wars: Brazil May Take New Measures Agains...
- Goldman Sachs O'Neill: BRICS are No Longer "Emergi...
- Fed Finally Releases Records of Secret Loans Durin...
- Bill Gross: The U.S. Default, U.S Is "OutGreeking"...
- China To Really Control Housing Prices This Year, ...
- Japan Considering Covering Nuclear Reactors, or Tr...
- Which is Better Now, Gold or Silver?
- Japanese Restaurants Allow Customers To Test Food ...
- Tokyo Electric: $24B Bank Loan Not Enough To Keep ...
- Portugal in Crisis: Brazil May Buy Portuguese Debt
- The Future of The Nuclear Industry
- Japan May Have Lost The Race To Save Nuclear React...
- Petrobras: U.S. 35B In Cash, And No More U.S. Doll...
- There is NO Shortage of Physical Gold in China; Ye...
- Portugal and Greece Downgraded - Again: Losing Cou...
- Fed's Bullard: U.S. May Need to End Stimulus Soon ...
- China Warns on Property Bubble; European and U.S. ...
- Fed's Mishkin: Crisis Worse Than Great Depression
- Fed's Bullard: Fed Should Consider Ending Quantita...
- Canadian Government Falls
- Nissan Racy Ad Going After Ford
- GE: Tax Avoidance or Tax Evasion?
- China: Commodities To Rise Further; Gold Run Near ...
- Science: Deep Sea Oil Drilling Allows Us to Reach ...
- Portugal in Chaos: To Ask For 50 to 100B Euro Bail...
- Food Prices to Rise Sharply Soon, General Mills an...
- The Fed is Now Blogging
- G20 Next To Target Large National Banks: National,...
- Tokyo's Tap Water Contaminated with Radiation
- China's Economy Could Surpass U.S. Within 20 Years
- Inflation: U.K. Inflation Rises Steeply to 4.4%
- Appeal Denied: Fed Must Finally Reveal To Which Ba...
- Uranium and Nuclear Companies Soar: List of Compan...
- Citibank's Kiss of Death: 1 For 10 Reverse Stock S...
- U.S. Approves Floating Vessels For Oil Exploration...
- The Yen Soars, Then Crashes, Millions Are Made
- More Uranium Miners Disasters, IPOs and Takeovers ...
- Groupon Valuation at $25B? Get Real, New Competito...
- The Top 4 Nuclear Stocks and ETFs to Buy
- Pressures Mount in Europe Against Bailouts: Finlan...
- Middle East Troubles: Bahrain Downgraded; Oil Rises
- Post Japan, Nuclear and Uranium Stocks Crashing: L...
- Marc Faber: Heavy Spending Coming in Japan, Inflat...
- Europe Considers Nuclear Stress Tests (Better Than...
- Roubini in Cannes Today: Risks Increasing, Middle ...
- The Two Uranium Stocks and Two Uranium/Nuclear ETF...
- Cheese Prices Go Through The Roof: MiIk Rally Comi...
- Europe's Megatroubles: New Irish PM Says NO to Mer...
- Post Japan Quake: The World Markets Now
- Terrible Japan Earthquake and Tsunami, Video
- Moody's Downgrades Spain And Warns
- Signs of The Times: Inflation, Poor U.S. Dollar: 1...
- CIEN, Ciena Ratings, Amazing
- Soros: Budget Cuts To Put Serious Brake On The U.S...
- China to Build 10M Low Cost Homes to Stop Inflatio...
- China Says To Buy More Gold With Its $2.85T In Res...
- Amazing: Bank of America 's New 'Bad Bank' to Cont...
- Los 33: Interview With Lawrence Goulborne, Chilean...
- Europe To Raise Interest Rates 3 Times This Year; ...
- European Woes Escalate Again: Greece Now Downgrade...
- Currency Wars Round IV: Brazil Readies New Powerfu...
- The Silly Unemployment Numbers: Devil is in Details
- High Food Prices Are Here To Stay: Be Ready
- Jobs: Gallup's Unemployment Survey Shows No Improv...
- Brazil's GDP Grows 7.5%, Highest in 24 Years
- Does Bernanke Fill Up? "Inflation is Still Very Lo...
- Harvard's Rogoff: Greece, Ireland, Portugal, and S...
- The Shocking Fed: Oil Price Increases Are Due to D...
- The iPad 2: Duh; Xoom and Playbook Anyone?
- Bill Gross Cuts Treasuries: Yields Are Too Low
- Latest Silly Employment Numbers by ADP
- Soaring Inflation: Brazil Set To Raise Rates Again...
- Stagflation. Feldstein: U.S. Economy Has Cooled, B...
- Bernanke Now Sees Inflation Caused by Oil, Commodi...
- The Contango Beast Strikes Natural Gas Again, UNG ...
- Middle East Tensions Spread: Saudi Arabia Stock Ma...
- China Owns 30% More US Treasuries Than Government ...
-
▼
March
(77)
No comments:
Post a Comment