Friday, June 29, 2012

Monti's Uprising: How Italy and Spain Defeated Merkel at EU Summi


Monti's uprising began at 7:00 p.m. on Thursday evening. That was when European Council President Herman Van Rompuy wanted to conclude the summit's first working session and announce the growth pact to the press. According to participants, Monti was furious and asked Van Rompuy where he was going. Had the president perhaps not understand correctly, Monti reportedly asked. The Italian prime minister...
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Monti's Uprising: How Italy and Spain Defeated Merkel at EU Summit - SPIEGEL ONLINE »
Angela Merkel took a tough stance ahead of the EU summit, insisting she would not make concessions. But Italy and Spain broke the will of the iron chancellor by out-negotiating her in the early hours ...
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The key to getting your way in tough negotiations, of course, is to find your opponents Achilles' heel. Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy did that on Thursday night and early Friday morning in Brussels. And the result is a euro-zone agreement to allow the common currency bailout funds to give direct help to ailing banks and to become active on sovereign bond markets to provide relief on the financial markets -- free of conditions for the countries in need of such aid.

#eurocrisis

ECNO: Blackmail works :-p
Direct Aid for Banks: Italy and Spain Get Their Way at EU Summit - SPIEGEL ONLINE »
Italy and Spain were able to secure immediate measures to lower their borrowing costs at the European Union summit in Brussels on Thursday night. The agreement allows direct EU bailout aid to struggli...
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Mamoun ali

7:48 AM  -  Public
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Italy are the surprise team joining Spain in the Euro 2012 Final on Sunday, can Balotelli and co pull off another shock win?
Spain v Italy Odds | European Championships 2012 Final Betting | Free Bets »
Get the latest betting odds for the Euro 2012 final between Spain v Italy, on Sunday 1st July.
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Robby Ball

Yesterday 8:04 PM  -  
+1'd on egyptday1.blogspot.com
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Jun28: Spain Cave Paintings May Pre-Date Modern Man »
Stone Age cave paintings thought to be the oldest in the world are so ancient they may not have been created by modern man. A new study has found the symbols - in 11 caves in northern Spain - are up t...
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