Guardian: Reports a speech by the German Chancellor Angela Merkel to the German Parliament, again the Chancellor as ruled out Euro Bonds as way to save the Euro. There is a simple reason for this folks, the Germans would have to underwrite the bonds, in other words they would be on tap to bailout the PIGS in till the end of the time. Why would the PIGS reform if they know that the Germans are going to open the till anytime they get in to trouble. The Chancellor also stated that the Eurozone was on the way to a fiscal union, lets see how the other 16 States react to the fact that the Germans would have a VETO over their budgets, could revoke those budgets if they broke German rules. Lets see if the other 16 States of the Euro go along with the 4th Reich view of the EU. What really was the point of WW1 and WW2, the idea of Germany running the European economy was part of the aims of the Kaiser should Germany have won WW1.
Friday, December 02, 2011
Euro Bonds = No from Angela Merkel
Guardian: Reports a speech by the German Chancellor Angela Merkel to the German Parliament, again the Chancellor as ruled out Euro Bonds as way to save the Euro. There is a simple reason for this folks, the Germans would have to underwrite the bonds, in other words they would be on tap to bailout the PIGS in till the end of the time. Why would the PIGS reform if they know that the Germans are going to open the till anytime they get in to trouble. The Chancellor also stated that the Eurozone was on the way to a fiscal union, lets see how the other 16 States react to the fact that the Germans would have a VETO over their budgets, could revoke those budgets if they broke German rules. Lets see if the other 16 States of the Euro go along with the 4th Reich view of the EU. What really was the point of WW1 and WW2, the idea of Germany running the European economy was part of the aims of the Kaiser should Germany have won WW1.
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