Wednesday, July 13, 2011

Emergency EU Summit = Euro

Telegraph: Reports that the EU is to hold an Emergency Summit on the Sovereign Debt crisis that is facing Europe. Folks so far the EU/IMF with the best intentions in the world is not helping the PIG countries, in fact its making the crisis worse, its simple folks, if these countries were on drugs would not give them another hit, you would make them go cold turkey. The bailouts have added debts to these countries, it’s a vicious cycle folks, as an example, debts by the banks have been taken over by the States, but these States themselves have found they cant cope, thus although the reasons are different, you have the PIGS having had a bailout or needing a bailout. The PIGS are a cancer folks, they have to cut form the heart of EU, otherwise they will give the body politic Aids and its over. Its harsh folks but if the Euro is to last it needs drastic action, otherwise the EU/IMF has just creating more debt, and sooner or later this will kill the Euro.

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