Sunday, 25 September 2011

European Parliament Opens £15.5 Million Temple to MEPs

'The European Parliament has been accused of "self-glorification" after defying national austerity cuts by opening a £15.5 million high-technology "parlamentarium" to showcase the work of MEPs.'

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Multi-Trillion Plan to Save the Eurozone Being Prepared

'German and French authorities have begun work on a three-pronged strategy behind the scenes amid escalating fears that the eurozone’s sovereign debt crisis is spiralling out of control.

Their aim is to build a “firebreak” around Greece, Portugal and Ireland to prevent the crisis spreading to Italy and Spain, countries considered “too big to bail”.

According to sources, progress has been made at the G20 meeting in Washington, where global leaders piled pressure on the eurozone to fix its problems before plunging the world back into recession. In a G20 communique issued on Friday, the world’s leading economies set themselves a six-week deadline to resolve the crisis – to unveil a solution by the G20 summit in Cannes on November 4.'

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Will the Real Culprits of Euro Doom Stand Up?

'This is an old game. The Anglosphere power elite – a group of impossibly wealthy families that controls the world's central banks – is evidently and obviously responsible for much of what has gone wrong. But as the Euro project continues its decline, we will no doubt find blame is being laid elsewhere ... on highly placed functionaries. Of course, it's important, nonetheless, and a contribution to how things work. So let's review them before returning to our main thesis.

The first example is the Financial Times. Oborne and Weaver state that something went wrong with this prestigious mainstream newspaper about 25 years ago when it was captured by a "clique of left-wing journalists." As a result, the FT "has been wrong on every single major economic judgment over the past quarter century."'

Read more: Will the Real Culprits of Euro Doom Stand Up?