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It's Baaack

It's Baaack: FT Deutschland Pronounces Deutsche Mark's Return, Prices Itself At 4.11 DM

http://www.zerohedge.com/news/its-baaack-ft-deutschland-pronounces-deutsche-marks-return-sets-eurdem-exchange-rate-195

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It's Baaack: FT Deutschland Pronounces Deutsche Mark's Return, Prices Itself At 4.11 DM

Submitted by Tyler Durden on 10/21/2011 09:21 -0400

Curious what the talking heads will be discussing all weekend parallel to the joke that is the European Summit #1, not to be confused with summit #666? Here is the answer, courtesy of the FT Deutschland, where not too subtly, right next to a lede saying "the Euro rescue has turned into a farce", the publication has for the first time, set its price not in zEURo.qq but in Paul Tudor Jones' favorite currency: the Deutsche Mark, or 4.11 DM to be precise. And courtesy of the FTD, we now know the When Issued exchange rate for the EURDEM is: 1.95, the same as was locked at the EUR inception. Said otherwise, stick a fork in the euro, it's done.

h/t Peter

European leaders braced for a six- day battle over how to save Greece from default, shield banks from the fallout, and build more powerful defenses against the debt crisis rocking the 17-nation euro economy.

With President Barack Obama stressing the “urgency” of a fix, divisions between Germany and France festered as finance ministers arrived in Brussels for the start of the anti-crisis marathon. As a first step, they are set to approve releasing the next aid payment for Greece.
Europe’s international image is “disastrous,” Luxembourg Prime Minister Jean-Claude Juncker told reporters before the meeting began. “We’re not really giving a great example of a high standing of state governance.”

http://www.bloomberg.com/news/2011-10-21/euro-leaders-begin-six-day-marathon-to-reach-agreement-on-debt-crisis-plan.html

Conservative Home - Help us draw up a list of things that are wrong with the EU...

Subject: Re: Conservative Home - Help us draw up a list of things that are wrong with the EU...

My Giddy Aunt. If Tim Montgomerie can't draw up his own list, and does not know by now what is wrong with the EU he should not be in politics in any shape or form.

Good list I I would express NO.4 rather more strongly: i.e.

The massive accumulation of EU directives and regulations which severely penalise the competitive ability of British business to operate effectively world-wide.

I would also add No. 18. The complete disenfranchising of a large section of the European public in the member states , including the British, to hold national referenda on the issue of EU membership.