{"id":1393,"date":"2011-10-18T18:40:53","date_gmt":"2011-10-18T22:40:53","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1393"},"modified":"2011-10-18T18:40:53","modified_gmt":"2011-10-18T22:40:53","slug":"forget-greece-europe-is-finished-zerohedge","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/18\/forget-greece-europe-is-finished-zerohedge\/","title":{"rendered":"Forget Greece, EUROPE is Finished | ZeroHedge"},"content":{"rendered":"<p>Merkel and Sarkozy claim they\u2019ve got everything under control. They\u2019re lying. Anyone who uses common sense can tell this. The reason\u2026<\/p>\n<p>They\u2019ve never considered the true price tag for the leveraged EFSF. I\u2019m not talking about money, I\u2019m talking about funding costs for France and Germany when they lose their AAA rated status as a result of backing up Greece. First off, while France and Germany are the most solvent members of the EU, they\u2019re not exactly models of fiscal austerity. Consider that both countries officially have Debt to GDP ratios of roughly 80% (Germany\u2019s is 78% and France\u2019s is 84%).<\/p>\n<p>via <a href=\"http:\/\/www.zerohedge.com\/contributed\/forget-greece-europe-finished?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Forget Greece, EUROPE is Finished | ZeroHedge<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Merkel and Sarkozy claim they\u2019ve got everything under control. They\u2019re lying. Anyone who uses common sense can tell this. The reason\u2026 They\u2019ve never considered the true price tag for the leveraged EFSF. I\u2019m not talking about money, I\u2019m talking about funding costs for France and Germany when they lose their AAA rated status as a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/18\/forget-greece-europe-is-finished-zerohedge\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forget Greece, EUROPE is Finished | ZeroHedge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[962,1205,1295],"class_list":["post-1393","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-efsf","tag-euro-zone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forget Greece, EUROPE is Finished | ZeroHedge - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forget Greece, EUROPE is Finished | ZeroHedge - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Merkel and Sarkozy claim they\u2019ve got everything under control. They\u2019re lying. Anyone who uses common sense can tell this. The reason\u2026 They\u2019ve never considered the true price tag for the leveraged EFSF. 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Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1440,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/21\/greece-banks-and-pols-at-impasse\/","url_meta":{"origin":1393,"position":1},"title":"Greece: Banks and Pols at Impasse","author":"ColinTwiggs","date":"October 21, 2011","format":false,"excerpt":"The debate over how to divide the costs of rescuing Greece is one of the central questions European officials hope to resolve at a weekend summit that comes almost two years to the day after a newly elected government in Athens admitted that the country\u2019s finances were \u201coff the rails.\u201d\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1409,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/and-now-the-bundestag-demands-a-say-zerohedge\/","url_meta":{"origin":1393,"position":2},"title":"And Now The Bundestag Demands A Say | ZeroHedge","author":"ColinTwiggs","date":"October 19, 2011","format":false,"excerpt":"According to FAZ, the German parliament, which made it all too clear wants to be heard in all future European bailout instances courtesy of the constitutional court decision in early September, has just announced it wants to be heard, this time for real, and decide, on any EFSF expansion facility\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1585,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/26\/german-lawmakers-set-to-back-efsf-wsj-com\/","url_meta":{"origin":1393,"position":3},"title":"German Lawmakers Set to Back EFSF &#8211; WSJ.com","author":"ColinTwiggs","date":"October 26, 2011","format":false,"excerpt":"Ms. Merkel, speaking in Germany's lower house of parliament ahead of a vote on the European Financial Stability Facility, said Germany can't prosper without Europe. \"We must solve the current crisis and correct mistakes from the past,\" Ms. Merkel said, adding that she wants to push for sustainable decisions to\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1589,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/26\/euro-zone-talks-hit-roadblocks-wsj-com-2\/","url_meta":{"origin":1393,"position":4},"title":"EU Forges Greek Bond Deal &#8211; WSJ.com","author":"ColinTwiggs","date":"October 26, 2011","format":false,"excerpt":"French President Nicolas Sarkozy said after the marathon negotiating session that the leaders had reached agreement with private banks on a \"voluntary\" 50% reduction of Greece's debt in the hands of private investors. He also said they had agreed to expand the firepower of the European Financial Stability Facility, the\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1517,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/24\/france-appears-to-have-conceded-to-german-ecb-position-on-bailout-fund-credit-writedowns\/","url_meta":{"origin":1393,"position":5},"title":"France appears to have conceded to German-ECB position on bailout fund | Credit Writedowns","author":"ColinTwiggs","date":"October 24, 2011","format":false,"excerpt":"France appears to have backed down in the face of a German-ECB joint position that strenuously objected to the EFSF becoming a bank to borrow from the ECB. Instead, it appears that the insurance\/guarantee function of the EFSF is going to dominate. Although the situation still appears fluid, the momentum\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1393"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1393\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}