"Chancellor Merkel has signaled willingness to partner the €, Greece in resolving its financial problems to help when needed. The Euro countries had responsibility for the stability of the euro-zone aware of, "she said after the special EU summit in Brussels," says Bloomberg .

Who at the European portal for "debt" or "national debt" is looking for is, most current documents: one is from mid-2009 the decision informed that it had been decided that an already ongoing financial crisis, the national debt to record year on the back:

"The final impact of these operations on the numbers to the state deficit and national debt are at the core of the account system of national accounts will be collected if and when the associated risks emerge and these can be objectively measured.
1st http://epp.eurostat.ec.europa.eu/portal/page/portal/government_finance_statistics/methodology/decisions_for_GFS
2nd http://epp.eurostat.ec.europa.eu/portal/page/portal/government_finance_statistics/methodology/guidance_accounting_rules
3rd http://epp.eurostat.ec.europa.eu/portal/page/portal/financial_turmoil/introduction
4th http://www.cmfb.org/pdf/2009-03-18 20Opinion%% 201% 20Government.pdf and
http://www.cmfb.org/pdf/2009-03-18% 20UK% 20%% 20SLS 20Opinion.pdf "

Method, rules ... and the numbers of the national debt compare? Hidden - hidden somewhere under the ceilings of the EU. They allow you to ease the EU's citizens recognize: burning information must be made find troublesome.

Do you want to see old data?

• Here is the link to 2004 when Greece, Italy and Belgium were already top!
• Here is the link to 2005 when Greece, Italy and Belgium were already top!

So, someone can even bring clarity and seek times.

But the EU is one of the hanky-panky around no hanky-panky, the statistics and data can be any doubt that: "29 July 2009 The EU countries have expenditure for the bank rescue in future only be limited in their statistics show. In certain cases they can, the statistics for the debt by the Maastricht definition downwards so and the actual debt disguise Sun This controversial decision leans Eurostat, the EU statistics office, according to statisticians strong French pressure, " writes the FAZ in mid-2009 .

After all, the FAZ has an integrated graphics that impunity can be hopefully shown here:

Mid-2009 we did not know the real overall vision:

1. Greece
2. Italy
3. Spain
4. Portugal
5. Great Britain
6. Ireland
7. France

Europe is burning the hut - and everywhere. I give the caller a couple of days right: it would only Greece, with around half a trillion, that would be very reasonable (from the financial market) but we are talking of sums beyond the estimated 5 trillion!

Listen here exactly! Not only the national debt is the problem, banks are also in Greece, for example in danger.

many "PIIGS" papers in the portfolio Bafin to warn against bank failures

n-tv the frightening headline with Essence: "With a disaster of Portugal, Italy, Ireland, Greece or Spain, according to German banks could Finanzdienstleistungsaufsicht BaFin dramatic fall into difficulties. Basis is calculated that banks "PIIGS" papers in the value of 522 billion euro German hold. "

• 9.1 billion Hypo Real Estate
• Commerzbank 3.5 billion

We see in this small publication of numbers: the dead bodies in the vaults of the banks are huge! Hardly anyone comes out with numbers! But after all, is already disturbing that HRE despite massive federal aid always has new risks, consider this: here is the taxpayers to step in once again and the account of the CDU and SPD pay.

In this großpolitische großfinanzielle weather and four professors now start the markets vigorously to spit in the soup:

Financial assistance to Greece: "We are moving back to Karlsruhe"

• Wilhelm Hankel,
• William Nölling,
• Joachim Starbatty and
• Karl Albrecht Schachtschneider

EU rebels warn the government against Greece grants to jump directly to page through: there is the "Bail-out ban. This ban says Wikipedia :

Bail-out (too German "from the terminal as help") is known in the economics of the process and the assumption of debt repayment or assumption of liability by third parties, in particular by the state, in the case of Wirtschafts-/Finanzkrise.

...

A government bail-out to avoid a bankruptcy or a bankruptcy is then displayed whenever there from the state to act would harm a systemic point of view (see " Too Big to Fail "). This is currently considered to be the case if a large bank in danger of being insolvent. Also a major firm of national key industry , the insolvency of many of its dependent company insolvency would drive in can-out (debt assumption, capital guarantee) be saved by State Bail. The government bailout is to eliminate the crisis to the economy as a whole to prevent adverse effects. State bail-out is therefore not the complete and permanent repeal of the laws of the market, but according to the order of a purely political question, and weighing only a temporary intervention to avert major economic damages.

As in the Lisbon contracts, the bail-out clause is included, you can see by how stupid and shortsighted that were forged by the EU, states may not have direct financial support to the side through. So it is a nebulous Miraculix rates of the Chancellor, when, as written above, says: "Chancellor Merkel has the willingness to partner signals the €, Greece in resolving its financial problems to help when needed."

The four above-mentioned professors have with your warning success: " Federal Government is planning the for information from government no aid to Greece and wants to to the European bailout ban stick that individual states overcome budget problems given are qualified to help any. "I do not know any envisaged aid to Greece," said a senior government official on Wednesday in Berlin. Support as either bilaterally or at EU-level planning. "So much Miraculix is the opinion of our Chancellor and approaches in their qualitative statement of the famous milkmaid at the.

said seriously: the four professors, in the case of direct government aid to Greece to court to take the threat are nice, but not more valuable than a marginal note.

Meanwhile, the financial market reacted to the growing published truths, "Feb. 25 (Bloomberg) - The euro fell to a one-year low against the yen and Asian stocks dropped after Moody's Investors Service and Standard & Poor's said they may downgrade Greece's credit rating again. "The assessment of the creditworthiness of Greece drops dramatically - to be paid interest to "rescue" of the state finances are rising astronomically. For all the clamor about the falling euro, on the loss of confidence: IT MUST greatest concern AGREE THAT DESPITE THE LOW EURO COURSE AUSLANDSBESTELLUNGEN not start! This shows how severe the global economy is struck: you can buy cheap in Germany, at least high quality engineering products, but residents will / can not / does not see any sense in current large-scale investments.

_________

And what should one do in that time? I agree with Hankel of the interview with the Handelsblatt calls, the currency of community may be the more stable candidates cut down on the core countries, all others should be the old currencies to use their (devalued currency reform) and then sound, then one could again . Replace Hankel literally says: "The 'bad economies" must disappear from the euro-zone, both in self-interest and in the interests of the remaining countries. This is the resolution of economic and political reason. "

But this monetary union is not only the dead, so is the EU also failed politically. Frustrated but not primarily in the financial power of the parties, but failed due to the Expansionsgier the EU dictators, immovable and too fast in the USSR have driven the wedge in order to bring the breaking point.

But this raises immediately the next question, the Treaty of Lisbon just still worth toilet paper? Presumably, many will think and inwardly smirk!

All articles represent the views of the author dar. entry was posted on Thursday, 25th 2010 at 10:00 by Bernd Mueller clock and was published in February under EU policy and international associations, government policy stored. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a review comment , or trackback your Page Setup.