Minister: Markets trust eurozone again

The Local ^ | 23 Jan 12 07:48 CET

[Olog-hai]

Financial markets are gradually regaining confidence in the eurozone, German Finance Minister Wolfgang Schäuble said Sunday.

"This can be seen in the market reaction," Schäuble said in an interview with German public television ARD. "We're not yet in the clear, but we have seen in recent weeks and during recent bond sales that the markets are slowly regaining confidence." …

Asked about an article in German news magazine Der Spiegel, which said Italy's Prime Minister Mario Monti had argued for a doubling in size of the eurozone's European Stability Mechanism (ESM), Schäuble said leaders would look closely at the mechanism in March as agreed earlier.

A permanent fund, the European Stability Mechanism (ESM), due to begin operations in July will run in parallel with the EFSF, a temporary instrument, for one year. …

[trebb]

Fool me once, shame on you.....

[Soul of the South]

This news as the elites are now gathering in Davos for their annual meeting. The press continues to dutifully issue stories about Europe’s financial situation stabilizing and the US economy improving. Could it be our globalist elites are only trying spreads some positive news so the little guy will develop enough confidence to put his savings back into the financial instruments they create and manipulate? Or could it be the Europeans are creating an aura of good feeling so Bernanke will continue secretly printing dollars to bail out European banks thereby letting the European governments off the hook when their economic system crashes?

Not to worry. Timothy Geithner and Barack Obama are looking after the interests if the nation with John Boehner and Mitch McConnell keeping them honest. Give your hard earned money to Goldman Sachs to buy Eurobonds and sleep well knowing your government and industry leaders are hard at work on your behalf.