Hugo Chavez Is Up To Something

[hutch--]

On the bright side Chavez can't be as dumb as he may look, he bought the best jet fighter in the world.

[José Roca]

We have one of the lowest public debts of Europe and we are resposible of the whole debt problem? Please, get your facts right before bombing us.

List of sovereign states by public debt
http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt

If they don't manage to form a government soon, the next one won't be Spain, but Belgium.

[baltoro]

Total Dispair !!!
Another of my profoundly enlightening threads degenerates into MADNESS !!!

...But,...wait,...there is an exciting new development: Venezuela's Chavez to Address the Nation, Thursday 9 PM
We all know how good special effects are these days,...it's probably just a CG stunt double,... :eek

[hutch--]

José,

Apart from pointing some humour at Dave, this is what we keep hearing in the news over the European debt crisis.

Global stock markets fall as Spain default fears grow

http://www.telegraph.co.uk/finance/economics/gilts/8531830/Global-stock-markets-fall-as-Spain-default-fears-grow.html

[José Roca]

May 24? These are old news. Yesterday, the Spanish stock market jumped and the debt's premium risk lowered sharply.

http://www.elpais.com/articulo/economia/deuda/espanola/registra/mejor/jornada/meses/elpepueco/20110630elpepueco_26/Tes

Now you can pay, now you don't.

Brussels should create an European rating agence and the Central European Bank should buy sovereign debt to stop these speculators. Unfortunately, Angela Merkel won't agree unless these US rating agences will lower the rating of Germany.

[hutch--]

I am pleased to hear that Spain is starting to get some results but for what its worth the IMF still see potential problems with the Spanish economy.

IMF Sees 'Considerable' Risks in Spain Amid Debt Crisis

http://www.businessweek.com/news/2011-06-22/imf-sees-considerable-risks-in-spain-amid-debt-crisis.html

[José Roca]

The IMF sees risk in everything...

IMF sees downside risks for Dutch economy
http://www.reuters.com/article/2011/06/22/imf-netherlands-idUSN1E75L0IY20110622

IMF Sees Risks to Global Economy Mounting
http://blogs.wsj.com/economics/2011/06/17/imf-sees-risks-to-global-economy-mounting/

IMF sees risks in Canada
http://www.financialpost.com/warns+risks+Canada+growth/4013848/story.html

IMF sees risk in oil prices
http://www.thestar.com/business/markets/article/973011--imf-sees-risk-in-oil-prices

IMF Sees Risks Rising in Financial Sector
http://www.imf.org/external/mmedia/view.aspx?vid=993127532001

IMF sees world economic risks increasing
http://thebankwatch.com/2011/06/17/imf-sees-world-economic-risks-increasing-western-economies-and-banks-display-negative-trends/

IMF Sees Risk in `Mild Overvaluation' of Australian Housing Market Gains
http://www.bloomberg.com/news/2010-10-06/imf-sees-risk-in-mild-overvaluation-of-australian-housing-market-gains.html

IMF sees risks to Hungary's fiscal plans, GDP growth
http://www.businessweek.com/news/2011-06-22/imf-sees-considerable-risks-in-spain-amid-debt-crisis.html

IMF sees inflation "significant risk" in Britain
http://news.xinhuanet.com/english2010/world/2011-06/06/c_13913797.htm

IMF warns on inflation in emerging markets
http://www.businessspectator.com.au/bs.nsf/Article/RPT-WRAPUP-4-IMF-countries-try-to-bridge-economic--FZ2F7?OpenDocument

IMF sees significant downside risks to global recovery
http://english.peopledaily.com.cn/90001/7082964.html

MF sees risks for Ireland in repaying EU
http://www.newsday.com/business/imf-sees-risks-for-ireland-in-repaying-eu-1.2556136

[dedndave]

that may be a sign of how screwed up the world economy is rather than the IMF being over-critical   :P

it's like being a weather man in Phoenix
it doesn't take a meteorologist to predict......

"it's going to be hot and sunny"

[José Roca]

The IMF acts like a doctor that to cure an illness will prescribe a medicine that will kill the patient.

[dedndave]

i think we have a case where there is no viable cure
the patient is going to die, no matter what we do

there are some possibilities, but the rich assholes in the world aren't going to give up their stash

[anunitu]

I think what is happening with Greece is what other countrys are falling into. from the news, it was said greece had a retirement age of 53(maybe I heard it wrong,and its 58,hard to believe 53) and 80% of your pay upon retirement. They played smoke and mirriors with their debt, and mainly hide the fact they were broke,and only solvent on paper. the banks were buying and selling DEBT,sounds a little like the housing bubble here in the states. Package the debts into a lump,and sell the packeged debt back and forth. as long as the debt is moving,it never comes to light.

[José Roca]

The normal retirement age in Greece was 65 years. You could retire at 58 only if you had completed 35 years of work.