May 8 (Bloomberg) -- European leaders agreed to set up an emergency fund to halt the spread of Greece’s fiscal woes, seeking to prevent a sovereign debt crisis from shattering confidence in the 11-year-old euro.

....When the markets re-open Monday, we will have in place a mechanism to defend the euro,” French President Nicolas Sarkozy said. “If you don’t think that’s significant, you haven’t been to many EU summits.......

Singapore has  nO  prOtOcOl  ? ? ? ?

fOr  fOreign  Affairs  ? ? ? ?

fOr Embassy  Governance  ? ? ? ?

P E R F E C T

C O N C L U S I O N

Last month, he filed a lawsuit against the state of Singapore, asking for the cancellation of the arrest warrant issued on April 9.Nine O’clock reported that he wanted it cancelled as the warrant has prevented him from leaving the country.Mediafax also reported that the country’s prosecutors had called on the courts to reject Ionescu’s request describing it as unacceptable. The court has yet to make a decision.

Saifu lbahri Ism ail

Are  there  such  things as :

Deputy Father  or Mother  or Brother or Sister ?

Vice  Father  or  Mother  or Brother or Sister ?

Assistant  Father  or  Mother  or  Brother or  Sister ?

Associate  Father or Mother or Brother  or  Sister ?

? ? ? ?

Even with aid package from EU and IMF it may be difficult for Greece to pull itself out cause EU/IMF are just subsidising a big sovereign deficit cashflow since the economic structure remains beyond repair due to its big debt burden. Nothing really change on the economic front. But on the social front, IMF tough guidelines will create civil unrests due to cut in wages and cut in public spending that will later on drive the domestic economy into deeper recession.

What the country needs is to move away from the Eurodollar and adopt an independent national currency while still remains in the EU.

This way the economy will then start to heal on its own based on its independent exchange rate mechanism as a lower Greek currency against the Eurodollar will improve its exports to EU and rest of the world. The national economy will then expand without having to cut wages and creating social unrest. Any EU aid package can then be used for infrastructure expansion to create jobs and multiply wealth without having to directly plug a deficit cashflow position. In this way a growing Greek economy can then start to repay any aid package.

When the Greek currency is on par with the Eurodollar then this is a signal that Greece is ready to rejoin the Eurodollar.

The same solution can then be applied to the remaining ailing EU economies of Spain, Portugal, Italy and Ireland.

Thk Qs, that same msg goes to U, just would like to spend sometime to share my thot. 

Win - Happy / Lose be contented. Got win some, let others win as well.

This Terma-sick bond, then Greek debt, US following, is cutting back, different is US can afford to print unlimited US dollars as it peg for to world trading system, unlike Greek

iPunter      ( Date: 05-May-2010 13:50) Posted: Sifu Teeth53 always gives us valuable market insight...

No leh....heard about the ship story....here goes....if Greece is a ship then Singapore is also a ship and so forth.

People in the ship afraid of seasick, so they tied their ships with eachother......more stable they think.

Only ship like North Korea are stupid....don't want to tie lor.

Then the fire started at ship Greece and the rest is history.

Heard this lorry before.....