Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

EU presses banks to beef up coffers

World Oct. 13, 2011 - 05:34AM JST ( 3 )

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1

ScroteOct. 13, 2011 - 10:34AM JST

It was only a few months ago that most European banks passed the EU stress tests. Now they are teetering on the edge of bankruptcy.
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Jeffrey DuelleyOct. 13, 2011 - 11:29PM JST

Southern Europe has a long history of national debt defaults. Why were they even allowed to become part of the Eurozone?
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weedkilaOct. 14, 2011 - 12:49AM JST

@Jeffrey Duelley

Find the answer to that and you'll know why the PTB are desperately trying to hold the slow-motion euro train wreck together.

It was the traitorous Greek government along with the bankers (G.Sachs) who fraudulently massaged the books and got Greece into the euro (and EU). At least one economist (Michael Hudson) says the Greek people have been protesting because they want to send a clear message that their government did not act on their behalf. The Greeks don't want to just default, they want to repudiate the debt altogether.

http://www.youtube.com/watch?v=kJCHHiQ22GM

The EU is all about centralization of power and ultimately global governance by a small cabal of elitist banking families, the same ones who own and control the business of central banking.