Economic Policy Journal
December 6, 2011
Standard & Poor’s has put 15 European Union nations on watch for a possible downgrade of their credit ratings, including Germany and France.
What convenient timing.
The heads of state of the EU members meet on December 9 to consider changing the EU treaty to bring about a more centrally planned European “fiscal union.” The S&P announcement provides further cover for the heads of state to agree to treaty changes. It’s all to save the EU, you see.
In truth, a bankruptcy of countries who can’t afford to pay their bills would be a good start to bringing sanity to EU nations. However, the banksters will have none of that. Led by German Chancellor Angela Merkel, the EU is about to create an even greater monster that is sure to eventually make a mess of freedom through out the eurozone.
This article was posted: Tuesday, December 6, 2011 at 4:19 am