Eurozone leaders approve Greece aid package

Germany's Chancellor, Angela Merkel, said the mechanism would send a "very clear signal" to market speculators to back off. Ya rite they see a siting duck the euro between the cross hares. It looks like the EU will start to print more paper with nothing to back it up and call it money. Like the U.S. and Britain have gone hog while printing to finance its debts a great tragedy awaits the world like it never seen in such unprecedented in magnitude.

The eurozone leaders also announced proposals for a European Stabilisation Mechanism to preserve financial stability
All institutions, including the European Central Bank, would use the "full range of means available to ensure the stability of the euro area", they said in a statement.

B92

This announcement is nothing more than a covert policy decision made by the EU politicians and the European Central Bank (ECB) to use currency devaluation as a tool for the European monetary union (Emu) to survive.

Therefore,they will recerse existing monetary policies directed at fighting inflation and instead they will openly buy up the government debt of the weak economies to keep them breathing — i.e. print money, and a lot of it.

A weaker euro will provide a nice kicker to EU exports outside continental Europe.

Bearing in mind EU countries have to compete in world markets against the BRIC countries success of devaluation measures will be limited.

A Nicoteen patch as opposed to cigarettes? I thought Grease was going cold Turkey?

Germany's Chancellor, Angela Merkel, said the mechanism would send a "very clear signal" to market speculators to back off. Ya rite they see a siting duck the euro between the cross hares. It looks like the EU will start to print more paper with nothing to back it up and call it money. Like the U.S. and Britain have gone hog while printing to finance its debts a great tragedy awaits the world like it never seen in such unprecedented in magnitude.

The eurozone leaders also announced proposals for a European Stabilisation Mechanism to preserve financial stability
All institutions, including the European Central Bank, would use the "full range of means available to ensure the stability of the euro area", they said in a statement.

B92

This announcement is nothing more than a covert policy decision made by the EU politicians and the European Central Bank (ECB) to use currency devaluation as a tool for the European monetary union (Emu) to survive.

Therefore,they will recerse existing monetary policies directed at fighting inflation and instead they will openly buy up the government debt of the weak economies to keep them breathing — i.e. print money, and a lot of it.

A weaker euro will provide a nice kicker to EU exports outside continental Europe.

Bearing in mind EU countries have to compete in world markets against the BRIC countries success of devaluation measures will be limited.

A Nicoteen patch as opposed to cigarettes? I thought Grease was going cold Turkey?