Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely 'With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body. With Belgian-Dutch group Fortis becoming the first major European bank to buckle, British mortgage lender Bradford & Bingley also being nationalized, as well as several other banks failing in Iceland, Denmark and Germany, economists have warned that more are teetering on the brink and only a radical centralization of power in Europe can stave off financial ruin.'
Tuesday, 30 September 2008
AHAAAAAAAAAAAAAAAAAAAAAAAAAAA
Posted by Britannia Radio at 12:21