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Colgrin
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Posted: 20 May 2010 at 13:51 | IP Logged Quote Colgrin

Apparently Germany couldn’t put in place rules over banking because, apparently, the EU, particularly Germany, is controlled by Brussels.

Oh...wait.....it could and did!

http://news.bbc.co.uk/1/hi/business/10124807.stm


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doc mason
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Posted: 21 May 2010 at 00:42 | IP Logged Quote doc mason

The good old huns have banned short selling , a bet on a lower price of a commidy stock ,share or curency.

  I do not blame them in a way I would not want to have to bail out Greece or Italy, Spain or Portugal if I was a German tax payer.

 Then again perhaps they should have known better than to admit countries with dodgy accounting into the Euro in the first place.

 Perhaps we  should all go back to to the gold standerd ? well I doubt that would do us anygood ( ie Uk) as Gordo sold it all !



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DaveH
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Posted: 03 June 2010 at 22:08 | IP Logged Quote DaveH

There is no pan-EU banking authority at the moment, although one is under discussion. Consequently, Germany can do what it likes with naked short-selling.
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blip
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Posted: 04 June 2010 at 13:49 | IP Logged Quote blip

Good point doc. Germany after the integration of the East German's into its expanse, and now its speaking on our behalf to bail out the lesser functioning countires to keep things in the EU intact, is to some extent seemingly almost acting godlike in its commitment, to which most at the moment are going along with, rushing blindly into in my opinion. It's a good job that the UK at least has stood back from getting embroiled even further into this madness to concentrate more on its own problems before even considering joining in with such ventures. Though we will not be treated so kindly by the rest for doing so. So what?

Edited by blip on 04 June 2010 at 13:53


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