Mister Moobs Posted September 18, 2009 Report Share Posted September 18, 2009 Prior to the financial crisis took hold, European companies were as aggressive as any in deal making, with Spain's Telefonica /quotes/comstock/06x!stef (ES:TEF 17.00, -1.90, -10.05%) buying O2 for 17.7 billion pounds, or $32 billion at the time, and Britain's Imperial Tobacco /quotes/comstock/23s!a:imt (UK:IMT 1,777, -3.00, -0.17%) buying Altadis for 16.2 billion euros, or $22.4 billion at the time, among other mega deals.In 2007, European-acquirer deals totaled $1.99 trillion with U.K-led acquisitions making up $534 billion of that total, according to data compiled by Dealogic. Although deal activity has dropped sharply in Europe with the advent of the financial crisis, tailing off to $439 billion year-to-date according to Dealogic data, Kraft Foods /quotes/comstock/13*!kft/quotes/nls/kft (KFT 26.52, +0.25, +0.95%) recent takeover offer for British chocolate maker Cadbury /quotes/comstock/23s!a:cbry (UK:CBRY 786.50, +1.00, +0.13%) has set investors wondering if a wave of deal making is imminent. European equity strategists at Credit Suisse believe that deal-making is set to increase from this point -- but only for some companies. "U.S. and U.K. companies are cash rich," they said. This is a key driver for potential M&A, they believe. But Continental Europe companies are more indebted than their global and especially U.S. peers, the Credit Suisse strategists say. So much for European thrift and fiscal responsibility. lol Link to comment Share on other sites More sharing options...
Mister Moobs Posted September 18, 2009 Author Report Share Posted September 18, 2009 Link to comment Share on other sites More sharing options...
Mister Moobs Posted September 18, 2009 Author Report Share Posted September 18, 2009 An Austrian farmer, Johann Thiery, had been fined and threatened with prison for selling "apricot marmalade" made from a traditional Austrian recipe passed on by his grandmother. Under EU rules "marmalade" can only be made from citrus fruit. Sternly defending Mr Thiery's punishment, a European Commission spokesman said: "The law is the law." Next day Pedro Solbes, the EU's economics commissioner, was reported as defending the right of France and Germany to run up huge budget deficits, in flagrant breach of the Growth and Stability Pact. "Given the circumstances we face," he said, "it would be unwise to follow the letter of the law." (Sunday Telegraph Christopher Booker 26/10/2003 ) Link to comment Share on other sites More sharing options...
Mister Moobs Posted September 19, 2009 Author Report Share Posted September 19, 2009 chirp* chirp* Link to comment Share on other sites More sharing options...
Mister Moobs Posted September 29, 2009 Author Report Share Posted September 29, 2009 What do others think of Europeans? Link to comment Share on other sites More sharing options...
Stramash Posted September 29, 2009 Report Share Posted September 29, 2009 What do others think of Europeans? bunch of wishy washy tranzy prog liberal imperialist internationale singing mussy loving sharia acknowledging bastards!!! :wink: Link to comment Share on other sites More sharing options...
Mister Moobs Posted September 29, 2009 Author Report Share Posted September 29, 2009 DAMN THEM ALL!!! Link to comment Share on other sites More sharing options...
Hugo Posted September 29, 2009 Report Share Posted September 29, 2009 DAMN THEM ALL!!! What kind of pills you take? Link to comment Share on other sites More sharing options...
beej Posted September 29, 2009 Report Share Posted September 29, 2009 DAMN THEM ALL!!! What kind of pills you take? All that **** they give to American army boys before they go fight them there terrorisms in Irqistan. duhhhhh Link to comment Share on other sites More sharing options...
Mister Moobs Posted September 29, 2009 Author Report Share Posted September 29, 2009 DAMN THEM ALL!!! What kind of pills you take? Ever laugh about anything? You actually think that was a serious remark? Maybe you should take a pill. You know....all that laughter is medicine stuff....give me a fuckin' break Why do some folks have to take a little harmless joking and become dickheads? It's really a bit beyond me. But, hey, run with it. :roll: Link to comment Share on other sites More sharing options...
Hugo Posted September 29, 2009 Report Share Posted September 29, 2009 DAMN THEM ALL!!! What kind of pills you take? Ever laugh about anything? You actually think that was a serious remark? Maybe you should take a pill. You know....all that laughter is medicine stuff....give me a f*ckin' break Why do some folks have to take a little harmless joking and become dickheads? It's really a bit beyond me. But, hey, run with it. :roll: Ha ha ha. Link to comment Share on other sites More sharing options...
robbie36 Posted September 29, 2009 Report Share Posted September 29, 2009 The one that made laugh the other day was that out of all the banks in the world in the top 5 most profitable were - 3 Chinese and 2 Spanish banks. And to think the Spaniards (you have to admire their total lack of work ethic) will be in the hands of the IMF within a year. Link to comment Share on other sites More sharing options...
Mister Moobs Posted September 29, 2009 Author Report Share Posted September 29, 2009 Ha ha ha. Doesn't that feel better... Link to comment Share on other sites More sharing options...
eagle Posted September 29, 2009 Report Share Posted September 29, 2009 I wouldn't have expected any less then total kaos as Wall street is international. I laughed when the "Mexican" stock market collapsed during the Clinton years and the US tax payers bailed out "Mexican" wall street with billions of dollars. I mean hell car parts would go way up right ? I mean really aren't americans trading in Mexico. Isn't Wall street international in scope. You can go online and buy Indian stocks etc. Tell me if I'm wrong traders ! Link to comment Share on other sites More sharing options...
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