ft.com: Wolfgang Münchau: Bond plan could end the euro crisis
Posted By: watcher51445 <Send E-Mail>
Date: Thursday, 9-Dec-2010 08:47:10 Breaking News
Wolfgang Münchau: Bond plan could end the euro crisis
Jean-Claude Juncker’s and Giulio Tremonti’s common European bond is the first constructive idea since the outbreak of the eurozone financial crisis a year ago. It is the first time that eurozone leaders have dared look beyond the current week’s newspaper headlines. I have no doubt that, if implemented in full, the proposal would end the crisis.
Why should this be? This is not a technical, but a political crisis at heart. It is about whether, when faced with a large financial crisis, the eurozone has the political will to do whatever it takes: set up a mechanism of policy co-ordination, accept fiscal transfers and ultimately move towards a fiscal union. History has told us that monetary unions that refuse to become political unions are destined to fail. The eurozone has reached that point of destiny merely a decade after its launch. It is decision time.
http://link.ft.com/r/QM42II/EWGP7M/TSTG ... a2=12&a3=9
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Blurp from:
thecomingchanges.freeforums.org/ben-fulford
Quote:
Meanwhile, the Euro is still headed towards disintegration and no amount of promises of fiat money to be financed by stealing from the European people over the coming hundreds of years is going to help.
This is what the Bilderbergers are concerned about, and it is different from what P says~ that the euro is part of the new plan. But will it be allowed to collapse and then resuscitated with the new Plan? That is what I would like to understand about what P is saying.
http://thecomingchanges.freeforums.org/ ... t4118.html
