Spain Teeters as Eurozone Unity Tested !
- What happened to all the talk about breakthrough, all the euphoria? It did not even last 2 weeks. The reality is Illuminist banksters are destroying national sovereignties and it is a bankster coup over Eurozone governments. By appointing a sole banking supervisor ie. ECB over the Eurozone, countries are losing their national sovereignties. National central banks will become irrelevant. Governments will have to abide by the dictates of the FedRes of Europe ie. the ECB. This is not about rescuing Europe, it is dis-information and mis-information in the MSM to sell the meme that Illuminist banksters and their politician puppets are the saviors. It is about the financial rape of the sheeple and full take over, total control by the Illuminists! For snakes: subtlety and deception are the methods.
Spain teeters as eurozone unity tested!
by Phillip Inman,
Spain’s borrowing costs have soared back to crisis levels after infighting among eurozone countries signalled a return to the turmoil that has rocked the global economy in recent months.The interest rate on Spanish bonds touched 7 per cent, leaving Madrid on the brink of asking Brussels for a formal bailout, despite having secured a €100 billion ($120 billion) rescue facility for the country’s banks.
Sharemarkets plunged and the euro tumbled as investors withdrew funds from the eurozone. The euro fell 1 per cent to its lowest level against the US dollar since July 2010. A report on the jobs market in the US added to market tensions. The US added only 80,000 jobs last month, well short of the 400,000 it needs to bring down unemployment.
The head of the International Monetary Fund, Christine Lagarde, warned that it would lower predictions of global growth in 2012 because of a slowdown in Brazil and China as well as the faltering in the eurozone and US economies. ”And even that lower projection will depend on the right policy actions being taken,” she said.
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