In These New Times

A new paradigm for a post-imperial world

Europe’s dangerous dream of unlimited money

Posted by seumasach on August 1, 2012

Now that the  French political class has turned France into a fief of Wall Street the way is ahead to impose the Obama agenda on Europe. Germany is isolated and will have difficulty in resisting a strategy of systemic euro devaluation, in order to sustain the dollar, accompanied by complete subservience to Washington’s criminal activities in Syria and elsewhere.

Spiegel

1st August, 2012

This week, some euro-zone members have been calling for thepermanent bailout fund to be provided with a banking license that would provide it with unlimited access to money from the European Central Bank. The “bazooka” option might help crisis countries in the short term, but it would entail massive risks in the long run.

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