Eurozone Sovereign Debt Crisis part 2 - Ireland

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Its perfectly simple. either he ordered hacking and the illegal practices, or he didnt know they were going on. If he ordered them he broke the law and is unfit. If he knew nothing about them, then he was incapable of running an organisation which would stay within the law, and is obviously unfit to run such an organisation. As far as unfit goes, it doesnt matter for which reason, he cant be trusted to do it. i noticed that one of the conservative MPs who refused to say in their report that he was unfit, justified her stance not by saying he was fit, but by stating it was not the business of that committee to make a ruling. Although she was very robust in defending her position, it was pretty obvious from that she actually agreed with the finding.

It is regrettable that conservatives who seem to believe he was unfit to lead a company, still refuse on party lines to say so.

But as to guilt there is the question of balance of probabilities, applied to civil issues, and beyond resonable doubt, applied to criminal ones. I would say on the balance of probabilities, it iis more likely he did know what was happening than that he did not. He has had YEARS to find out since this began yet still claims total ignorance. He has still wilfully failed to investigate. If he honestly was upset by what had happened, why the hell didnt he do something in that time? Instead, he says, he has not even read the reports which we know he received.

As to the other standard of proof, beyond reasonable doubt. This is not the only time the Murdoch empire has been caught using dirty tricks. They have form. Whether legal or illegal, this is not a fit way to operate a very important media company. It IS proven beyond reasonable doubt.

No. it is the conservatives who have made the political point of refusing willfully to accept their own finding that he he is not fit for such a job. It is they who have been behaiving party politically, and it is quite extraordinary that they are working so hard to defend him. I cant really believe it is because he has bought the conservative party lock stock and barrell, surely they would not be so stupid. I assume it is because even the prime ministers job is now dependant on demonstrating they did nothing wrong in negotiating with Murdoch. If they can defend his reputation as an upstanding man, then it makes them look better, whatever talks they had.

But it is also true that whatever deal they made with Murdoch, he is in danger now of losing all his stake in BSB, never mind taking over the company. I cant see him keeping his own job either if that happens.

S&P did an up rate of greece by 4...

hollande on tv duell says he has a 4-point-plan to create growth

1. Eurobonds to make more debts for less intrests

2. Expand the eu budged by debts

3. Use banks like KfW to finance infrastrukture projekts (make more debts)

4. Create new tax, like finance transaktion tax

But the finance pakt is a good idea ;) for sure...


Also he wants the ecb to buy national bonds for 1%

The point is there is NO deal between Murdoch and the Conservatives. The enquiry has found no evidence of such whatsoever. Indeed the Conservatives - unlike Labour - have sought to clip Murdoch's wings.

Labour have the good PR out of this - but they are propagating a myth.

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I dont see any evidence that conservatives are trying to clip Murdoch's wings. There is evidence of friendly contact between senior conservatives and Murdoch. The regulator who was anti Murdoch was replaced by one who is pro Murdoch. In the criticism of Murdoch just published, the conservatives succeeded in having that criticism toned down.

This whole issue of whether or not Murdoch's company runs all satellite broadcasting in the UK has turned on the accident that someone paid by one of his newspapers read messages left on a missing persons answerphone. That roused sufficient public attention that the authorities were forced to make more investigations, despite the police having tried to bury this. The Murdoch organisation has taken every opportunity to distance itself from illegal means of gathering stories, and each time their firewalls have burned down. Now matters have come close to the heads of the organisations, both Murdoch and Cameron. Both these people have persistently misled on the contact between them. People who have nothing to hide, do not hide, especially when the consequence of hiding will inevitably be greater suspicion. They know this. So the only reason for secrecy is because there is something so awful it must be hidden.

So where is this evidence that there is no deal between Murdoch and Cameron? That is rather an absurd statement. It is only a question of what deal. Obviously.

Now I didnt say they did not have a deal, either. It is on record exactly when they fell out, Brown had a big row on the phone with someone, and at that point the Murdoch organisation started seriously talking to conservatives. Labour refused to play ball. Now the conservatives must too.

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Big day in Europe today - anyone wish to call it?

As my Grandfather used to say, "If you are going to have a woman, why not have a beautiful one who wants to fuck you."

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Absolutely nothing will change as regards the real situation.

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In a nutshell: France will get the government it deserves. So will Greece.

Expect more debt, structural unemployment, anemic growth, capital flight and brain drain.

More French millionaires in Switzerland?

I think we are into some sort of renegotiation of the Fiscal Union, a key demand of Hollande. I think Germany now goes on the back foot. France, Spain and Italy (and most others) are demanding debt union and Eurobonds and will now spend as if that debt union already exists. Either Germany accepts that there will be multiple German-funded bailouts or Germany agrees Eurobonds.

It is up to Germany. The calculation of Hollande and others is that the consequencies of a euro collapse are worse for Germany than the massive wealth transfer implicit in Eurobonds. The choice for Germany is a financial collapse now over gradually reduced wealth over a generation - and politicians mostly take decisions for now.

Germany is going to pay for Club Med. Germans can give up on retiring (ever) so that those who live in the sun can retire early and enjoy it.

And how Germany allowed itself to get into this mess I cannot imagine. Germany had a sound currency in the DM - now it has silly bits of coloured paper which are as good as the daftest Club Med politician.

jason... It looks more the opposit. Not germany takes a step back, but hollande does...
If you take a look of what hollande sayd the last 2 days you notice that he starts to prepare the france people for some major cuts and reforms.

And in the same time merkel und schäuble offering a growth pakt (growth by reforms, not debts) without any new negotiations about the fiscal pakt.


And in greece it doesnt really care what they vote. At the end we will get a coalition between the two big parties. So the politic will go on like bevor

off topic

since yesterday all 54 japanese nuke power houses are shut down... And their economy is still running (more or less good)

So why all these dangerous energy, if you can run your countries also without it

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I think you said Germany has done the same? The answer traditionally is that diversity of supply and spare capacity are important. Japan had just about enough different ways to produce electricity to do without nuclear. Ditto Germany. The UK could not lose 30% of its generating capacity and keep the lights on. Diversity of power source means the system is more robust if there is a problem with one power source. Japan will now have to import fossil fuels, and we may suddenly have a shortage of those...

But the answer is, we dont have to have nuclear. We especially dont have to have nuclear if we live in an area prone to earthquakes, though there are issues about suicide plane bombers and the like. However...I dont know how the costs compare. A country would want to consider the relative costs of different power sources, but (again) these are difficult to determine since no one has ever fully disposed of a nuclear power station and its waste.

germany didnt do the same... we shut down 8 out of 16 - thats a shut down of 10% of our energy

atm japan did 54 out of 54, but jut for a short period of time, for reparations and improofments...

what realy wonders is, that more then 60% of the japan power was based on nuce power. also japan is an island with nearly no international power infrastruktur to other countries. and they still handle it... they have to strugle, but they handle it. its astonishing

abou the costs... we have to storage the nuclear waste for millions of years. dont think that any other energy can reache these costs ;)

Hollande is now president of France, and in his victory speech has promised that the age of austerity is over.

So will the next crisis meeting for the euro be tomorrow or can it wait until Tuesday? Poor France. Poor world.

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France voted for him, so I wouldn't feel sorry for the French. Just like their European neighbors (or most of them), they want the butter, the cannons, the money for the butter and they want it yesterday.