Clause 7 of the Brussels accord states that Europe's bailout fund (EFSF) will have powers to "intervene in the secondary markets". It may fund "recapitalization of financial institutions through loans to governments" in any EMU country, opening the way for a "Euro-TARP" to rescue banks. The German bloc can henceforth blanket the entire South with its AAA rating, if it dares. This is the start of a liability union and a proto-EU Treasury . . .And of course, the "euroskeptics" have been vindicated; the eurozone had the gun put to its head indeed.
The article was written for people that already know the details of Europe’s financial troubles. I, for one, don’t.
How much longer will it be before the Nazis are back in power?
I don’t know that much about the inner workings of the EU. But, it seems clear that Zero was campaigning in EU for a specific reason. He wanted to make it clear to his socialist buddies in EU that intended to turn America into a mirror image of the failed “experiment”.