Leaders Draft Federal Plan To Save The Eurozone! (Yeah Right!)
- The Eurozone is heading towards a total collapse. All these ‘actions’ and talk about rescuing the Eurozone is just political theatre by the Illuminist politician snakes. It is about buying time before the plug is pulled on the whole system. It is basically to deceive the sheeple, to sell to them the illusion that their politician snakes are really doing things to help them. The snakes are still trying to build their EUSSR, a fascist, communist state. They will not be successful in integrating all 17 nations. In the end it will be a deeply unstable, fractious union of 10 nation states ie.: the rise of the 10 Horn Beast of Biblical prophecy! (emphasis mine)
Leaders draft federal plan to save the eurozone!
by Ian Traynor in Brussels, guardian.co.uk
Four European presidents make proposals to ramp up the powers of eurozone authorities over national governments
European leaders have drafted a radical plan to turn the 17 countries of the eurozone into a full-fledged political federation within a decade in an attempt to placate the financial markets by demonstrating a political will to save the single currency in the medium-term.
The incendiary proposals for banking, fiscal, and economic unions resulting in a “political union” are to be debated at an EU summit on Thursday and Friday. Following two bad-tempered meetings of European leaders in Mexico and Rome over the past week, the Brussels summit looks likely to see major clashes over the future of Europe as well as the immediate crisis surrounding sovereign debt, bad banks and the euro‘s survival.
The crisis has shifted from the periphery of the EU to its very heart, with Berlin and Paris seriously at odds for the first time since the Greek drama started 30 months ago. The logic of the draft proposals will also pose major dilemmas for David Cameron, perhaps putting Britain at a crossroads in its relationship with the continent.
The seven-page document, obtained by the Guardian, has been drafted by the “gang of four” – a quartet of European presidents: Herman Van Rompuy of the European Council, Mario Draghi of the European Central Bank, José Manuel Barroso of the European commission, and Jean-Claude Juncker of the 17-country eurogroup.
It calls for a quick start on establishing a new European banking union, says that the ECB could be given supervisory authority over EU banks quickly, and proposes common resolution funds (for winding up bad banks, funded by a banking levy to spare EU taxpayers) as well as a common deposit guarantee scheme for Europe’s savers.
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