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賣國賣的太出圈了:談歐洲金融危機

作者:weileguojia  於 2011-10-30 22:37 發表於 最熱鬧的華人社交網路--貝殼村

通用分類:政經軍事|已有16評論

賣國賣的太出圈了:談歐洲金融危機
In most countries the year only has 12 months. Not so in Greece. Greek government employees receive a 13th and 14th month salary. Such hand outs are now on the table to reduce the Greek budget deficit. But that's not popular. May 5th will see the closure of all shops and businesses in Greece to protest the austerity measures -- even the Journalists will be on strike...
If you don't get the 13th and 14th month salary from the government, its seems popular to simply take it. Time Magazine reports
In Greece, doctors, lawyers, accountants and other self-employed professionals are among the worst offenders, says Georgakopoulos, the tax head. To prove the point, the ministry released tax information last November about doctors in the wealthy Athens neighborhood of Kolonaki, where the streets are lined with shops selling brands like Prada and Louis Vuitton. Nearly a third of registered doctors there declared annual incomes of less than $22,000. In all of Greece — a country of 11 million people — only 3,125 people declared incomes more than $280,000. "Everyone who can avoid paying taxes does," says Georgakopoulos. "The only ones who don't are the ones who can't — wage earners and pensioners whose incomes are taxed at source." Widespread evasion feeds the Greek attitude that only the stupid pay taxes. Little wonder that Greece's tax revenue is among the lowest in the European Union, 19.8% of GDP (excluding social security) compared to an E.U. average of 26.1%. (Italy's take is 29.1%, Portugal's 24.5%, Spain's 20.7%). Only a handful of E.U. countries — the Czech Republic, Slovakia and Romania — do worse. And none of them use the euro.

在大多數國家,一年只有12個月希臘並非如此希臘政府僱員收到的1314個月薪金這種現在在桌子上,以減少希臘財政赤字但是,這並不流行 5月5日在希臘所有商店和企業倒閉,抗議緊縮措施 - 甚至記者罷工...
如果不從政府那裡得到第13和第14個月的工資,它似乎流行簡單地採取 「時代」雜誌報告

在希臘,醫生,律師,會計師其他自雇專業人士之間最嚴重的罪犯Georgakopoulos稅務為了證明這一點去年11左右在富裕雅典的KolonakiPrada和Louis Vuitton品牌的店鋪林立,街道居委會醫生公布稅務信息將近三分之一註冊醫生宣布年收入少於$ 22,000在希臘 - 11億人國家 - 只有3125申報收入超過280,000元 每個人避免交稅說:」Georgakopoulos 誰不唯一誰也不能 -」打工仔「養老金領取者收入從源頭徵稅廣泛的逃稅飼料希臘態度只有愚蠢納稅難怪在歐盟最低希臘的稅收收入佔國內生產總值的19.8不包括社會保障)相比,歐盟平均26.1% 義大利採取的是29.1%,葡萄牙24.5%西班牙20.7%只有少數E.U.國家 - 捷克共和國,斯洛伐克和羅馬尼亞 - 更糟其中沒有使用歐元
世界上哪個城市均居全球人均擁有保時捷Cayennes列表可以說是100,000歐元問題,起拍價保時捷昂貴的SUV
倫敦,紐約拉里薩不要笑,但正確的答案是第三
拉里薩其中大約25萬居民塞薩利希臘中部農業地區資本

幾年來,希臘擁保時捷Cayennes的個口超過了年申報收入過50000歐元人口。

蒼蠅不叮無縫的蛋。
希臘腐敗叢生,政治邪惡懶惰, 才咬上高盛的餌食。
年利率高達92%, 希臘的債5千億美元中4千億是利息,
中國ZF也要咬上高盛的餌食? 
賣國賣的太出圈了!

高盛這樣的賊用印的鈔票(如果大家還記得fed給高盛的贖金)把持了歐洲債務,
世界經濟中奴隸級的中國,你去替人還哪門子債?憑什麼?
高盛他們自己都不擔心拿不到錢,不願意剪髮21%(今年7月的事)為什麼?
1。本錢小,利息大,早已收回本錢,就算DEFAULT也不會傷及自身
2。一旦DEFAULT,歐元就完蛋,美元就消滅了唯一的對手, 完成歷史一頁,
3。不管利息如何荒謬,不願意看到經濟危機的懦夫和白痴們都會出錢!讓他們大賺一筆!
贏,贏,贏!無論如何都是贏!
這裡的第三選項里,不排除內奸已經知會他們,SB中國政府會拿中國人的肉喂這些外國虎狼。

現在歐盟要求的並不是各國出錢,而是要求高盛等債主剪髮50%,以得到償付的保證。
為什麼到中國「叫獸」嘴裡就變成了「各國出錢」?
叫獸加顧問這樣的姿態於事何宜?等於安慰老虎,別擔心,我拿中國來喂你。
這豈不正中人家消弱中國金融能力的圈套!
為什麼一定要以直接消弱中國為結果?
歷史罪人們,請回答!

歐洲是中國的血汗市場又如何?可以象FED一樣印鈔就是了,
至少可以拿空客,黃金儲備來出賣(中國不是在沒有任何危機的時候就把國家企業黃金都賣光了么?)
希臘出賣國有資產時,SB國家可曾被允許參與?
一個1千1百萬人口的國家,背了5000億美元的外債,其中3000億歸私有銀行,2000億歸金融機構(包括IMF)。
每人負債5萬美元!!!!!!
一邊是一個極端貪腐的國家,另一邊是一群極端貪婪的私人銀行,還不起債就讓他門一起破產吧,也給那些下套的債主一個教訓,
這才是天道!
( 據FITCH歐元區債務直接接觸美國大銀行摩根大通公司NYSE/摩根,美國銀行高盛集團公司紐約證券交易所/ GS富國銀行公司(紐約證券交易所/WFC)和摩根士丹利(紐約證券交易所/ MS500.0美元。)

人家下地獄,SBZF也要國人陪葬?SB政府要救中山狼,拿你們家小的私產去救吧。拿人民的血汗去救,你們會像救狼那書獃子一樣不得好死!
中國ZF已經向IMF貢獻了1500億。這筆錢是IMF唯一可用於救歐元和希臘的來源 (詳見下面英文部分)。
賣國政府已經在曲線賣國了!!!
作為一個中國人,天天看賣國賊們拿天文數字的人民利益到處喂狗,不知如何是好。
上帝如果尚愛中國人就讓這樣的SBZF從地球上消失,越快越好。 也請給我能力,幫助人民!

希臘極端的貪腐到了窮途末路, 債主極端貪婪咬死不放。

因為債主早已毫無風險,賭徒也不怕風險。
當前,全球已經建立起了以金融資本遊戲規則制定為主導的全球化體系,金融資本下的全球化形成了超主權的影子內閣和影子政府,他們並不完全代表國家利益,而是代表本階層的利益。誰是歐洲的真正主人?

  誰才是歐洲真正的主人?近日,德國議會比愛爾蘭議會提前得到愛爾蘭預算報告激怒愛爾蘭人,愛爾蘭媒體甚至以「德國是我們新的主人」為題表示不滿;而英國《獨立報》更爆出驚人之語:「整個歐元區成了一個高盛集團的項目。當一般人還在煩惱緊縮和就業的時候,高盛系已經在歐元區的權力層進行一場天翻地覆的變革,難道高盛成了歐洲的新主人?」

  事實上,兩個多月以來,歐債危機愈演愈烈並引發歐洲政壇持續動蕩,希臘、義大利政壇相繼變天。無獨有偶,這兩國新總理都曾與高盛有聯繫,高盛在金融業的影響力也正由美國伸展至歐洲。比如,已故的前歐盟競爭委員會委員、比利時人KarealvanMiert;曾幫助創立歐元的前歐洲央行與德國央行管理層成員、德國人OtmarIseing;前義大利央行行長、新任歐洲央行行長、義大利人德拉吉;義大利新任總理蒙蒂;希臘新任總理帕帕季莫斯等,這些身居要位的歐洲人,要麼擔任過高盛的投資顧問,要麼擔任過高盛的國際董事總經理。我們就來看看剛剛走馬上任的歐洲三位要帥:德拉吉、蒙蒂和帕帕季莫斯,他們在歐債危機和高盛之間無一例外都有著很深的淵源。

  德拉吉在2002年~2005年是負責歐洲事務的高盛副總裁。作為高盛股東,他負責「企業和主權國家」。以這個身份,他的任務之一是銷售可以掩飾一部分主權債務的金融產品「CDS(信用違約掉期合約)」,正是這個產品掩飾了希臘債務。再看蒙蒂,他自2005年以來是高盛的一位國際顧問。希臘新總理帕帕季莫斯,曾在1994年~2002年擔任希臘中央銀行行長,他以這個身份,參與了高盛炮製的債務作假行動。而且希臘債務的管理者皮特羅斯·克里斯托都羅斯,是高盛的一位前操盤手。造成危機者正主導解決危機

  當年為了加入歐元區,高盛即為希臘量身定做出一套「貨幣掉期交易」方式,為其掩蓋了一筆高達10億歐元的公共債務,以符合歐元區成員國的標準。不過掩蓋的債務依然存在,為了掩飾債務希臘不得不製造更多的貨幣掉期交易,這也進一步加重了希臘的債務負擔,使希臘深陷壞賬漩渦而無法自拔,直至釀成債務危機。

  而高盛則讓旗下基金一邊做空債務抵押債券,一邊收購廉價的CDS——一旦市場反轉,債務抵押債券價格大幅下跌,CDS價格則會大幅上升,從而獲取暴利。CDS是目前全球交易最為廣泛的場外信用衍生品,這個市場在1997年還只有1800億美元規模,但是到2008年,全球CDS信用違約掉期市場交易已經達到62萬億美元。據衍生品交易機構ISBA統計,僅美國市場上CDS名義交易量就已經高達15.5萬億美元之巨。如果按實際交易僅占名義交量額1%估計,實際交易額也高達1550億美元左右。高盛正是通過不斷地製造風險,再通過風險轉嫁獲得巨額套利。

  現在,造成金融危機的金融資本權力居然正成為解決危機的主導力量,歐洲經濟及政治權力界線越來越模糊,政治決策者與銀行家的觀點和目標愈來愈接近,怎能不令人擔憂?高盛是多國金融「影子內閣」

  滲透歐洲政權,是高盛與美國政界緊密聯繫的延伸。從上個世紀60年代肯尼迪總統執政時期起,一個新的辭彙悄然興起,那就是「華府-華爾街複合體」。這個詞被人們用來形容華盛頓高官們與華爾街投資銀行家之間頻繁地互換角色:華爾街出身的人士走上從政之路,也有許多高官棄政從商進入華爾街成為投資銀行家。華爾街與華盛頓之間的人事交流「旋轉門」從此越開越大,美國媒體也習慣把企業與政府之間角色的互換稱為「旋轉門」。

  高盛與政界的 「旋轉門」機制運作得越來愈順暢。如果說2001年之前,高盛與政界的高層輪動大多僅限於美國,此後的10年中,排在美國第58任財長亨利·福勒、第70任財長羅伯特·魯賓以及第74任財長亨利·保爾森後面的名單正越拉越長,觸角也伸到了希臘、義大利、英國和澳大利亞等國家,成為這些國家的金融「影子內閣」,並影響著各國的政府決策制定。

  據近期《新科學家》雜誌稱,位於蘇黎世的瑞士聯邦理工學院,分析了全部43060家跨國公司及將它們聯繫起來的股權所有關係,建立了一個模型,繪製出了全球經濟體整體圖景,他們得出的結論就是掌控世界的20家公司:金融佔主導。綜觀歷史,資本主義經歷了三個大的發展階段:從19世紀70年代自由競爭的資本主義階段起,到19世紀70年代至20世紀40年代的壟斷資本主義階段,再從20世紀40年代至今,資本主義已經進入了金融資本主義階段,全球正在建立起以金融資本遊戲規則制定為主導的全球化體系。從經濟的金融化再到金融的社會化,經濟、政治、社會、財富分配都圍繞著金融這個軸心而轉動。

  金融資本不斷地製造危機,並可以通過製造危機而獲取高額利潤。然而,一旦金融資本與權力資本結盟,那麼它就不是「大而不能倒」,而是「大而倒不了」,這是比危機本身更可怕的事情。
通過向IMF注資1500億美元去拯救希臘的中國SBZF,這國賣的讓俺傻眼了!

凡有良心的國人請與我一同祝願吧,

衷心祝願壺瘟早日罪該萬死!萬死,萬萬死!

我提供進入市場的「洞察」​​的問題是,我期待更深層次的,它得到較深的。

現在我看不到對方。它的只是陰暗的無處不在。

不僅沒有上周的標準普爾500指數下跌56.98點(4.7%),但它在1160爆發的重要支撐,報收於1158.67日(星期五)。基準也打破了日(星期一)50日均線回。

累積廣度(推進問題減去下降的問題)已重挫。

第三季度GDP增長在美國和發言滑滑走,向下修正至2%,從此前公布的(作出這樣的估計)2.5%。

在全球範圍內,向下的壓力是顯而易見的,在國內生產總值增長的預期,主權信用,市場和股票市場方面。

事實上,我無法找到任何股本基準上漲,上周在世界的任何地方。這是因為沒有。

有什麼是上周很多 - 有什麼將繼續更大量 - 越來越多的擔心,歐盟是即將成為脫膠。歐元區已經被關押連同無非創可貼,並希望更多,但越來越那些創可貼脫落。

輕微削減有時最深。

當任何評級機構開始切割一個國家的信譽,這是從來沒有的情況下,一些合理的期限內,並沒有任何進一步的降級,主體的收視率奇迹般地跳回到自詡的地位。

它只是不會發生。通常它的其他方式。

所以這是上周匈牙利,穆迪的垃圾,這得到了削減和葡萄牙,惠譽以垃圾得到削減。這些評級削減切深。

但我更關心,你應該也被削減約比利時S&P一個檔次比利時和法國加強與更超過1000億美元的承諾,最近宣布破產的法國 - 比利時貸款人達亞承擔的負債。

沒有人知道什麼將貸款人的實際救助需要,這將是其貸款組合的問題,以及如何執行或不。現在被調低與比利時,逆止器落在法國,這是本身面臨威脅由惠譽降級。

法國的信譽三A削減下來債權人的集體刺會發出不寒而慄到達亞,更不用說歐洲的其他銀行。

支持者(與信譽的歐洲國家),這意味著他們的AAA評級,信用的前提是整個構思,利用歐洲金融穩定基金,基本上把它的火箭筒權力的東西像一萬億美元,或兩個。

,越來越多的這個救助現金的承諾(這是學分的形式主要是)由歐元區成員國設施的想法 - 其中大部分將結束起來想逃基金,因為將是該基金的基金自己的受助人 - 正的開始,好了,歐洲的救援點是荒謬的。

從崇高到愚蠢的,當有人提出,本基金與那些在需要它的幫助的人提供信貸資金和不足,將進一步通過借貸槓桿 - (抵押債務義務「的CDO」型結構..說它響亮,反對其信用借款。

你要了解這些結構是如何「分檔」和瓜分,和誰吃損失的第一,第二,依此類推,直到AAA檔開始越來越命中,欣賞這種類型的債務車輛擺在首位的是多麼脆弱。

它的所有有關分配的現金流量(好運氣),給投資者一些不可信的評級機構的垂涎舒適(我的意思是「買」)三A評級。否則,誰買這種垃圾?

信貸評級下降的級聯變化一直談到的所有動態。如果法國被降級(以及它最終會)命中,德國人將主要是左手拿著的AAA袋。在歐洲其他AAA級信用太小,無法計數。

因此,歐元區的危機歸結到德國,在最後的分析。

哦,萬一你想知道為什麼在世界各地的市場下跌,上周,你可以感謝德國人。

這不是他們沒有做錯什麼,那就是他們沒有做任何事情,混合來自全國的每一個角落發送信號,他們將會或不會做保存歐元區以外。

面對他們所有的日耳曼人驚愕,他們有一點點多億歐元的10年外灘提供。沒有人來了。好,而不是「沒有人」,只是它的拍賣中,有35%的人認為沒有投標人。這意味著他們不能出售他們向投資者支付的利率,其堤岸。

這是不壞 - 超越「可怕」的全球信貸市場,與歐洲開始。

當然,在德國人踏著自己的鼓手,羅馬被焚燒。

義大利為期兩年的紙拍賣為7.7%,其五年的紙張7.8%; 10年期出售7.3%;和$ 10.67六個月的紙張億元,是唯一能夠放在與投資者誰將會接受無所不及,6.5%的6個月的風險。

就在幾個星期前,義大利的6個月的紙收益率為3.5%。

你害怕還嗎?你開始看到我如何看東西嗎?

我的預測是不祥的昏暗。

我會繼續努力為你一盞燈。
The problem I have with providing "insight" into the market is that the deeper I look, the darker it gets.

Right now I can't see through to the other side. It's just that murky everywhere.

Not only did the S&P 500 fall 56.98 points (or 4.7%) last week, but it broke important support at 1160, ending Friday at 1158.67. The benchmark also broke its 50-day moving average back on Monday.

Cumulative breadth (advancing issues minus declining issues) has been tanking.

And speaking of slip-sliding away, third-quarter GDP growth here in the U.S. was revised down to 2% from the previously reported (make that estimated) 2.5%. 

Downward pressure was evident across the globe, in terms of GDP growth expectations, sovereign creditworthiness, and stock markets.

In fact, I can't find any equity benchmark anywhere in the world that rose last week. That's because there wasn't one.

What there was a lot of last week - and what there will continue to be a lot more of - is mounting fear that the European Union is about to become unglued. The Eurozone is already being held together with nothing more than Band-Aids and hope, but increasingly those Band-Aids are falling off.

Slight cuts sometimes end up being the deepest.

When any ratings agency starts cutting a country's creditworthiness, it's never the case that, within some reasonable period, and without any further downgrading, the subject's ratings miraculously jump back up to vaunted status.

It just doesn't happen. It usually goes the other way.

So it was last week for Hungary, which got cut to junk by Moody's, and Portugal, which got cut to junk by Fitch. Those ratings cuts cut deep. 

But I was more concerned, and you should be too, about Belgium being cut a notch by S&P. Belgium and France just stepped up with a more than $100 billion commitment to assume the liabilities of the recently declared insolvent Franco-Belgian lender Dexia. 

No-one knows what the lender's real bailout needs will be; that's going to be a matter of its portfolio of loans and how they perform or don't. Now with Belgium being downgraded, the backstop falls more on France, which is itself facing a threatened downgrade by Fitch.

France's creditworthiness being cut from triple-A would send shivers down the collective spines of creditors to Dexia, not to mention the rest of Europe's banks. 

The whole idea of leveraging up the European Financial Stability Facility to essentially bring its bazooka power to something like a trillion dollars, or two, is predicated on the creditworthiness of the backers (the European nations with creditworthiness), meaning their AAA ratings.

Increasingly, the idea of this bailout facility having cash commitments (which are mostly in the form of credits) from Eurozone members - most of whom will end up bailing out of the fund because they will be recipients of the Facility's funds themselves - being the starting point for Europe's rescue is, well, ridiculous. 

It went from sublime to stupid when it was proposed that this inadequate fund, with money and credit supplied by those who were in need of its help, would further be leveraged by borrowing - (in a collateralized debt obligation "CDO" type structure... yes, those same CDOs in the same "special purpose vehicle" (SPV) structures that sank so many giant banks in the credit crisis, and are still stinking up balance sheets and off-balance sheet folders hidden in locked drawers) - let me say it louder, by BORROWING against their creditworthiness. 

You have to understand how these structures are "tranched" and divided up, and who eats losses first, second, and so on, until the AAA tranche starts getting hit, to appreciate how fragile this type of debt vehicle is in the first place.

It's all about allocating cash flow (good luck with that) and giving investors comfort with some untrustworthy rating agency's coveted (I mean "bought") triple-A rating. Otherwise, who will buy this junk?

The cascade of credit downgrades changes all the dynamics of what has been talked about. If France gets hit with a downgrade (and it eventually will), the Germans will essentially be left holding the AAA bag. The other AAA credits in Europe are too small to count.

So, the Eurozone crisis comes down to the Germans, in the final analysis.

Oh, and in case you were wondering why markets around the world fell last week, you can thank the Germans. 

It's not that they did anything wrong; it's that they didn't do anything, other than send mixed signals from every corner of the country about what they would or would not do to save the Eurozone.

Amidst all their Teutonic consternation, they had a little multi-billion euro 10-year bund offering. And nobody came. Well, not "nobody;" it's just that 35% of the auction saw no bidders. That means they couldn't sell their bunds at the interest rates they were offering to pay investors.

That's not bad - that's beyond "scary" for global credit markets, starting with Europe.

Of course, while the Germans were marching to their own drummers, Rome was burning.

Italian two-year paper was auctioned off at 7.7%; its five-year paper went for 7.8%; 10-year paper sold at 7.3%; and $10.67 billion of six-month paper was only able to be placed with investors who would accept nothing less that 6.5% for their six months of risk.

Just a few weeks ago, Italy's six-month paper was yielding 3.5%.

Are you getting scared yet? Are you starting to see how I see things? 

My forecast is for ominous darkening.

I'll keep a light on for you.

魔鬼在細節 - 尤其是當有

已經提出一項計劃,要求私人銀行「自願」交換3000億美元(210億歐元)新的債務目前希臘債務的希臘發行。銀行被要求採取50%的扣減。這意味著他們被拖欠的債務將被削減了一半。相反希臘由於300億美元,該國將欠其債權人$ 150億美元(105億歐元)。

這裡的兩個緊迫的問題是:
多少銀行將自願執行交換希臘的義務?
他們怎樣堵塞其一級資本中的漏洞,當他們寫下$ 150億美元的損失?
截至目前,沒有第一個問題的答案。這仍有待觀察,有多少銀行願意吃希臘的壞烹飪。早在7月份,銀行被要求自願採取對希臘控股21%的扣減。實際上,他們沒有做。

唯一的不同,今次是,如果銀行為新的債券,新債券交換的舊債券「可能」有一定的損失準備金,將提供一些保護,如果希臘默認。

然而,即使這是一個冒險的命題,因為目前有沒有一些地方的首次虧損撥備。事實上,甚至沒有一個損失準備金將如何支持或將支付的損失高達的解釋。

此外,首次虧損的規定僅涉及誰得到支付時,在默認的情況下。他們已與銀行採取的損失,如果新發行的債券市場價格下跌無關。尤其令人不安現在,由於會計規則要求銀行不僅顯示未變現虧損,但補充資本金,以抵消這些損失,以及。

而這僅僅是第一個問題。

二是為了對希臘潛在保證新債券的某些部分,它是將需要至少達430億美元(30億歐元)。

所以,這裡將得到這筆錢嗎?那麼,該計劃意味著國際貨幣基金(IMF)。

在這一點上,重要的是要了解希臘的500億美元(350億歐元)的未償債務,3000億美元,是舉行私人銀行和機構持有其餘的$ 200億美元(140億歐元)。這些機構,包括國際貨幣基金組織,是不是自願採取其持有的任何損失。他們想拿回他們欠的100%。所以,他們都願意到小馬反對的損失,銀行可以看到更多的逆止錢,只要在最後沖洗他們取回他們已經借出的一切。

因此,其中的$ 150億美元的資本,需要的托銀行,理應採取扣減50%將來自可能是國際貨幣基金組織與新的資金,由中國添加到庫房。這是唯一的方法,中國有可能參加這個盲人的虛張聲勢的高風險的遊戲。
The Devil's In the Details - Especially When There Are None

What has been proposed is a plan to ask private banks to "voluntarily" exchange some $300 billion (210 billion euros) of current Greek debt for new debt to be issued by Greece. The banks are being asked to take a 50% haircut. That means the debts they were owed will be cut in half. Instead of Greece owing $300 billion, the country will owe its creditors $150 billion (105 billion euros).

The two immediate issues here are: 
  1. How many banks will voluntarily execute an exchange of Greece's obligations?
  2. How are they going to plug holes in their Tier 1 capital when they write down $150 billion of losses?
As of now, there is no answer to the first question. It remains to be seen how many banks will willingly eat Greece's bad cooking. Back in July, banks were asked to voluntarily take a 21% haircut on their Greek holdings. Practically none of them did. 

The only thing that's different this time around is that if the banks exchange old bonds for new bonds, the new bonds "may" have some first-loss provisions that would offer some protection if Greece defaults. 

Yet, even that is a dicey proposition, since there currently is no number in place for first-loss provision. In fact, there isn't even an explanation of how the first-loss provisions would be backstopped or who would pay up on the losses.

Also, first-loss provisions relate solely to who gets paid when in the case of a default. They have nothing to do with banks taking losses if the market price of newly issued bonds tumbles. That's especially troubling now, since accounting rules require banks to not only show unrealized losses, but to add capital to offset those losses, as well.

And that's just the first problem.

The second is that in order for Greece to potentially guarantee some portion of its new bonds, it's going to need at least $43 billion (30 billion euros). 

So where will it get that money? Well, the plan implies the International Monetary Fund (IMF).

At this point it's important to understand that of Greece's $500 billion (350 billion euros) of outstanding debt, $300 billion is held by private banks and the remaining $200 billion (140 billion euros) is held by institutions. These institutions, which include the IMF, are NOT volunteering to take any losses on their holdings. They want to get back 100% of what they're owed. So, they are willing to pony up more backstop money against the losses banks could see, as long as in the final rinse they get back everything they've lent. 

So where's the $150 billion in capital that's needed to shore up the banks that are supposedly going to take 50% haircuts going to come from? Probably the IMF, with new money added to its coffers by the Chinese. And that's the only way the Chinese are likely to participate in this high-stakes game of blind man's bluff.

中國ZF已經向IMF貢獻了1500億。這筆錢將被用於救歐元和希臘。賣國政府已經在曲線賣國了!!!

So Portugal is maybe 18 months behind Greece in the cycle of bailout leading to imposed austerity of big tax raises, spending cuts, wage cuts, and a little bit of structural reform. Which creates as in Greece a contraction in economic activity, falling GDP, falling tax receipts leading to an increase in the size of the nations debt, the very opposite of what the policy is intended for.

Economic pointers for the coming year suggest a contraction of 5.7% in Portugal's GDP, this will likely be revised downwards numerous times during the year. One sector of the Portuguese economy that is growing is the black economy,2.5% last year, with people being forced to operate outside the tax system in order to survive. Portuguese bonds touched 14% last week, with plenty of scope to go higher.

Where Portugal looks worse than Greece is in the personal debt of its citizens total Portuguese debt amounts to 479% of GDP (compared with 296% for Greece). That comes to 783 billion euros, compared with 703 billion euros for Greece. They have roughly similar size populations, but with Portugal having lower wages and a smaller GDP, a personal debt bubble of this size is a ticking time bomb.

Europe』s banks are massively exposed with a $244 billion exposure to Portuguese debt, compared to just $204 billion to Greece.

All this means is that as soon as the Guardian is finished running live blogs on Greece debt talks we will be straight onto Portuguese debt talks. The crisis is perpetual and all consuming, with every bailout and new creation of debt to finance debt the core of the EZ is pulled closer into the black hole that the crisis has become.

It is interesting to see the solutions rising from the neo-liberal camp now, with talk of Europe needing to become more competitive on global markets, the need to compete with the manufacturing power of the far east. How does a European worker compete with a Chinese worker? A European worker can compete with a Chinese worker if he does not have the right to organise in a trade union, if he has no national minimum wage, if he has no right to paid overtime or a day off on Sunday, if he has no employment rights whatsoever then the European economy can hope to become competitive again. Dark satanic mills coming to a town near you very soon.


因此,落後希臘18個月,葡萄牙可能的周期導致,大稅實行緊縮的加薪,削減開支,削減工資,和體制改革的點點救助。創建在希臘經濟活動收縮,國內生產總值下降,導致增加國家的債務規模,政策的目的是什麼對面稅收下降。

為來年的經濟指針顯示,在葡萄牙的國內生產總值的5.7%的收縮,這將有可能下調年內無數次。葡萄牙經濟正在增長的部門之一是黑色經濟,去年2.5%,與人被迫稅制外,為了生存。葡萄牙債券上周觸及14%,用大量的範圍去更高。

葡萄牙看起來比希臘在其公民的個人債務總額佔國內生產總值的479%(希臘為296%相比,)葡萄牙的債務數額。這涉及到783億歐元,比703億歐元希臘。他們大致類似規模的人群,但與葡萄牙的低工資和一個較小的國內生產總值,這種規模的個人債務泡沫是一顆定時炸彈。

歐洲銀行大量暴露與接觸到葡萄牙的債務為2,440億元,比僅達204億美元到希臘。

所有這一切意味著,一旦完成運行居住在希臘的債務談判博客作為監護人,我們將直接到葡萄牙的債務談判。危機是永久和所有的消費,每一個救助和創造新的債務融資債務,的EZ的核心是拉進黑洞接近,已成為危機。

有趣的是,看到上升的新自由主義陣營的解決方案現在歐洲需要在全球市場上,競爭的需要與遠東的製造能力變得更加具有競爭力的談話,。歐洲工人如何與中國工人競爭?歐洲工人可以與中國工人競爭,如果他沒有在工會組織的權利,如果他有沒有國家的最低工資,如果他沒有支付加班或周日休息一天的權利,如果他沒有就業的權利,任何歐洲經濟可以希望再次成為具有競爭力。黑暗的撒旦廠來您附近的小鎮很快。

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剛表態過的朋友 (8 人)

發表評論 評論 (16 個評論)

回復 oneweek 2011-10-31 01:02
天天看賣國賊們拿天文數字的人民利益到處送, 自己的人民卻是生活得狗都不如。
泰國軍人殺了中國平民, 政府還惦記著出錢給他們抗洪。 你說除了共產黨的政府,什麼樣的政府能這樣呀?
回復 Brigade 2011-10-31 01:39
這些賣國賊不以為自己賣國,還以為自己有長遠眼光,為中國幹了好事。想想希臘一
個退休懶漢,需要多少中國農民來養活吧。想想歐美聯合起來一起賴帳怎麼辦吧,
想想中國10年前買的美國國債按石油價格換算,貶值貶了多少吧。
回復 weileguojia 2011-10-31 01:45
oneweek: 天天看賣國賊們拿天文數字的人民利益到處送, 自己的人民卻是生活得狗都不如。
泰國軍人殺了中國平民, 政府還惦記著出錢給他們抗洪。 你說除了共產黨的政府,什 ...
滿清恐怕也不過如此!一個罪孽的ZF!
回復 weileguojia 2011-10-31 01:51
Brigade: 這些賣國賊不以為自己賣國,還以為自己有長遠眼光,為中國幹了好事。想想希臘一
個退休懶漢,需要多少中國農民來養活吧。想想歐美聯合起來一起賴帳怎麼辦吧,
想 ...
不是漢奸不能當大官,鄧禿驢以後的鐵律。
中銀,證監,甚至叫獸都被人搞定了,個個為了自己的美元賬戶說話。

中南海的幾頭豬玩權分權爭權是好手,
而對國際經濟本來就是五謎三道,再被CIA收買的人一薰,
早已不知爹娘是誰了。作孽!
回復 awang9988 2011-10-31 08:13
壺主席在尿壺裡在下一盤很大的棋。 你的,明白
回復 dwqdaniel 2011-10-31 11:55
如今的中國政府就是一不折不扣的賣國政府!
回復 weileguojia 2011-10-31 20:43
dwqdaniel: 如今的中國政府就是一不折不扣的賣國政府!
且已做到了前無古人的地步
回復 weileguojia 2011-10-31 20:44
awang9988: 壺主席在尿壺裡在下一盤很大的棋。 你的,明白
你幽默中說出了一個真理!
回復 葉哥 2011-11-1 00:03
同意。
1。這個是無底洞。放再多錢都沒用。光希臘就5000億,還有葡萄園,西班牙,義大利等,救無可救。
2。放錢進去,給了誰?無非是那些賭博賭輸了的西方大銀行。
3。如果中國政府是出於穩定市場的意願,十分天真。
4。錢丟了,誰負責?
回復 weileguojia 2011-11-1 01:54
葉哥: 同意。
1。這個是無底洞。放再多錢都沒用。光希臘就5000億,還有葡萄園,西班牙,義大利等,救無可救。
2。放錢進去,給了誰?無非是那些賭博賭輸了的西方大銀行 ...
唯一的ECB印鈔法案被德國否決。註定這種努力只是一場秀。今天的股事已經說明問題了:仔細一看,還是個不能實現的東西!
回復 看得開 2011-11-1 04:14
中國政府歐盟這樣的依存關係稱為「毒販的貿易模式」 意即毒梟販毒給毒蟲賺取金錢,毒蟲的金錢用磬之後,毒梟為讓其賣買關係可以維持,借貸金錢給毒蟲,讓毒蟲可以繼續... ... 毒梟販毒所為只有一個目的:維護延續做大佬利益。為了這個核心目的,歐洲債務可以出中國錢買, 國可以出賣、p民可以殺。其一切都是圍繞這一核心而制定。
回復 weileguojia 2011-11-1 05:18
看得開: 中國政府歐盟這樣的依存關係稱為「毒販的貿易模式」 意即毒梟販毒給毒蟲賺取金錢,毒蟲的金錢用磬之後,毒梟為讓其賣買關係可以維持,借貸金錢給毒蟲,讓毒蟲可以 ...
騙子騎在毒蟲的頭上,根本成了一個無底洞。
回復 borninheaven 2011-11-8 10:29
前不久還有好多人叫囂要拋美債去買歐債!
回復 weileguojia 2011-11-9 12:28
borninheaven: 前不久還有好多人叫囂要拋美債去買歐債!
買了美齋買歐債,就是不能用於發展自己, 一定要把外儲貶值到底。

G20上只有中國積極表態願意通過IMF出資。不知道老百姓平均財富在世界上占老幾?賣國不分老幾。

皇帝不急太監急,可惜SBZF不能印國際貨幣,還是個太監。
回復 borninheaven 2011-11-9 15:12
weileguojia: 買了美齋買歐債,就是不能用於發展自己, 一定要把外儲貶值到底。

G20上只有中國積極表態願意通過IMF出資。不知道老百姓平均財富在世界上占老幾?賣國不分老幾。 ...
當今版的寧贈洋人, 不予家奴! 可家奴還吵鬧著是贈這洋人, 還是贈那洋人
回復 weileguojia 2011-11-10 14:17
borninheaven: 當今版的寧贈洋人, 不予家奴! 可家奴還吵鬧著是贈這洋人, 還是贈那洋人
謝謝你的精闢總結。

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