Friday, June 08, 2012

100 Billion Euros AND Spanish Banks


Telegraph: Reports that the Fitch credit agency has predicted that it could cost a hundred billion euros to bailout the Spanish Banks.

Lets Get Real:

It has surprised this blog that the Stock Markets have gone up over the last few days, they seem to jump to positive dream land at the slightest rumour that Germany is going to agree to Euro Bonds, the Germans are not going to folks. The German Coalition Government is making it clear that even before Germany is willing to think about Euro Bonds it wants political union in the EU. The German version of Union is for Berlin to tell the rest of EU how to run its budgets. Lets see what the poor people of the EU think of that move, this is without doubt the worse idea since Captain Smith thought it was a good idea to raise speed going through a ice field. The EU Elite have always wanted a Federal EU, the one way to destroy the EU is to push for Berlin to control the EU. Lets see how French and other EU voters think of that idea. The idea that Berlin should control the economy of Western Europe was an objective if Germany had won World War One. Yes folks its that bad idea. Also it seems that Greece has gone off the radar, lets recall they have their 2nd General Election on June 17th, also French voters go to the polls in their Parliamentary elections. Lets see if the left can also take the Parliament in France or if the right combine to thwart that idea, it is said that we get the leaders we deserve, Europe must have a weak gene pool.

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