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General Discussion Area / Re: The Euro - the farcical frightening facts.
« on: 12 October 2011, 16:16:41 »
The German do not not want to bail out the Euro as they have more experience than any other country on creating a currency and political union from the re-unification of Germany. This caused real pain, a special reunification tax, which employees saw on the wage slip every month, high unemployment and falling real living standards. Who can blame them.
Without a common fiscal and political system, run from Brussels I can't see how the Euro can survive in its current form.
Greece has just got its next ECB / IMP €8billion, rescue loan even though it has met NONE of the criterion to receive it!!!!
http://www.mindfulmoney.co.uk/wp/shaun-richards/the-results-of-qe-mark-ii-and-the-greek-rescue-are-so-far-the-reverse-of-what-we-were-promised/
This shows it is a political not economic project.
When it all falls apart and ALL EU citizens, see the tax liabilities their Governments have run up, with Country and Bank rescue funds. It will be too late, the citizens will be left holding the baby and will see the impoverished state they have been left in as tax slaves, like the Republic of Ireland is now but on a much bigger scale. It is all truly frightening.
Far from turning the screw, US Federal Reserve are supporting European banks from today with unlimited $ support loans!!!
Without a common fiscal and political system, run from Brussels I can't see how the Euro can survive in its current form.
Greece has just got its next ECB / IMP €8billion, rescue loan even though it has met NONE of the criterion to receive it!!!!
http://www.mindfulmoney.co.uk/wp/shaun-richards/the-results-of-qe-mark-ii-and-the-greek-rescue-are-so-far-the-reverse-of-what-we-were-promised/
This shows it is a political not economic project.
When it all falls apart and ALL EU citizens, see the tax liabilities their Governments have run up, with Country and Bank rescue funds. It will be too late, the citizens will be left holding the baby and will see the impoverished state they have been left in as tax slaves, like the Republic of Ireland is now but on a much bigger scale. It is all truly frightening.
Far from turning the screw, US Federal Reserve are supporting European banks from today with unlimited $ support loans!!!