Bankers have seized Europe: Goldman Sachs Has Taken OverSunday,
27 November, 2011 17:22
http://www.globalresearch.ca/index.php?context=va&aid=27872http://www.opednews.com/articles/Goldman-Sachs-Has-Taken-Ov-by-paul-craig-roberts-111125-820.html?show=votes
The Roads To War And Economic Collapse
http://www.opednews.com/articles/The-Roads-To-War-And-Econo-by-paul-craig-roberts-111123-233.html
The Case for Regulation. The Failure of Free Market Economics
http://www.globalresearch.ca/index.php?context=va&aid=27588
Paul Craig Roberts was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury.
Officially Eurobonds are taboo but behind the scenes nothing has been ruled out
Sunday, 27 November, 2011 17:10
http://www.creditwritedowns.com/2011/11/eurobonds-not-ruled-out.html
DJ Catastrophe If Germany, ECB Fail To Act-German Government Adviser
Sunday, 27 November, 2011 17:06
He also urged the European Central Bank to stake out its independence and effectively get to a grip on the what he said was "a run" on government debt markets and act a real "lender of last resort".
"If this bond run is not stopped it will really endanger the stability of the European and even the global financial system. So both action of the ECB is definitely needed and I think what is also important is that the ECB is an independent institution, so it does not need approval by any government," he said. The central bank is as much mandated to stop price deflation as it is to prevent inflation, he said
"Our [German] government is not really prepared to take the steps that are necessary to stabilize the situation. The German Council of Economic Advisers, of which I am a member, have made a proposal for a euro [zone] bond scheme which we call debt redemption scheme which...has not been accepted by Mrs. Merkel so far."
He said the public debate about the euro debt crisis in Germany was not a "rational" one because the German public had deep-seated fears about inflation.
http://www.menafn.com/qn_news_story.asp?storyid={a1aace0c-c234-40c0-a0ed-3352f1bca4a9}
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