German Finance Minister Wolfgang Schaeuble said agreements reached at an EU summit this week will solve the euro zone's debt crisis and that Germany needs a strong Europe, reports Reuters.
"I am certain that we will be able to handle the debt crisis in Europe with the agreed, far-reaching measures on institutional reform of the European currency union," Schaeuble wrote in a guest contribution for Focus magazine.
The only way the current structure is maintained is if the European Central Bank prints money to support PIIGS sovereign debt. Does this mean the ECB has really set up a back-door method of financing the EZ debt or is Schaeuble blowing hot air?
I'm so relieved to hear this news.
ReplyDeleteAll hail the power of the state!
All of them are trying to get Europe to fly with hot air - learned everything they know from the Montgolfier brothers.
ReplyDeleteTheir dilemma is that much like the little boy who cried wolf, no one believes anything they say at this point. Think of it as a global vote of "no confidence". At this point it is all just smoke and mirrors. They have missed their chance and the world has moved on. These fools have become irrelevant. They simply do not matter any more, and are having great difficulty getting their minds around this truth. They are reduced to pointing up and shouting that the sky is falling.
Balderdash! They world is going to get along just fine without this bunch of miscreants. Sorry boys, don't let the door hit you in the ass on the way out.
Obviously they are prepared to murder everyone in order to keep the EU slave camp intact...Of course they are going to print more money.
ReplyDelete