Germany and France stand ready to recapitalize banks and want to do so according to common criteria, Chancellor Angela Merkel said on Sunday, according to Reuters.
"We are determined to do the necessary to secure the recapitalization of our banks," Merkel said at a joint news conference with French President Nicolas Sarkozy in Berlin.
"Germany and France want the same criteria to be applied, and criteria that are accepted by all sides," she said. "We will ask all relevant authorities ... to check what we are doing is sustainable."
"We are not going into details today, we will present a complete package" for stabilizing the euro zone at the end of the month, Merkel added.
This sounds like, as speculated here at EPJ, Greece will go down in a controlled default and a firewall of some sort will be created for all other countries and banks, where all liabilities of banks and countries will be guaranteed by some type of global or EZ entity. The EZ monster is growing---guarantees don't come without "supervision". The globalist manipulators will party tonight.
And Greece goes ahead and order EUR1.3B worth of M1A1 Abrams battle tanks (http://articles.businessinsider.com/2011-10-05/markets/30245456_1_greece-european-debt-crisis-greek-comedy).
ReplyDeleteAnd The Netherlands just cut their defense budget, to be able to "donate" EUR44B to the Greece bailout fund. (http://www.businessweek.com/ap/financialnews/D9Q71D2O0.htm).
"Our Banks"?
ReplyDeleteWho is "Our"?
The EuroSlaves will never rise up to be free.