Vast Greek War Claims Against Germany Explode Like a ‘Time-Bomb’!

Photograph: Petros Giannakouris/AP

• Vast Greek war claims against Germany explode like a ‘time-bomb’! 
  by Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ 
  The Greek government is in disarray after the leak of an explosive report drawing up vast reparations claims against Germany, covering both the First and Second World Wars.
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  Premier Antonis Samaras held a special meeting with the foreign minister Dimitris Avramopoulos and other key officials this morning to limit the diplomatic damage from the 80-page report.
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  The document – stamped “Aporito”, or secret – was drafted by a panel of experts appointed by the Greek finance ministry and delivered to officials last month.
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  The alleged claim against Germany reaches a grand total of €162bn, including €108bn for rebuilding the country’s infrastructure after the Nazi occupation from 1941 to 1944. This is 80pc of Greek GDP.
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  The probe was chaired by Panagiotis Karakousis, director-general of the General Accounting Office at the Finance Ministry, and relied on 190,000 pages of documents scattered through the country’s ministries and archives. Mr Karakousis told The Daily Telegraph that the report was commissioned by the current leadership, not the previous Pasok government.
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Power Cut For 30,000 Greek Households Monthly!

Greece social unrest. Photograph: Louisa Gouliamaki/AFP/Getty Images

• Power Cut For 30,000 Greek Households Monthly! 
  by Andy Dabilis, http://greece.greekreporter.com/ 
  Unable to pay the cost of electricity or a doubled property tax that is put electric bills, the power is being turned off to about 1,000 Greek households every day, the Public Power Corporation (PPC) has acknowledged, with arrearages at more than 1.3 billion euros ($1.56 billion) at the end of 2012.
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  Crushed by pay cuts, tax hikes and slashed pensions demanded by international lenders in return for bailout loans, many Greeks are unable to afford monthly expenses have been cutting down even on food and other necessities.
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  PPC data showed that some 700,000 customers had had their debts rearranged with new payment plans by the end of last year, up from 400,000 at the end of 2011 but the agency expects the problem to get worse. Power is not being turned off to government agencies that owe millions of euros nor reportedly to big companies who haven’t paid as the government is fearful that could lead to more jobs being lost.
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  There are growing lines at PPC offices daily with people anxiously trying to arrange payment plans. The doubled property tax imposed by former finance minister Evangelos Venizelos in 2011 was supposed to be for one year only but has continued. Some customers are asking for their power to be reconnected if they pay part of the bill.
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Betray Your Bank Before Your Bank Betrays You!

• Betray Your Bank Before Your Bank Betrays You! 
  by Jonathan Weil, http://www.bloomberg.com/
  What’s a Slovenian with several hundred thousand euros in the bank supposed to do? Spread it out among at least a few different banks, that’s what. Or move the money out of the country, while it’s still possible.
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  Imagine what must be on the minds of any savvy depositors still left at Nova Kreditna Banka Maribor d.d., now 79 percent- owned by Slovenia’s government. It was one of only four lenders in October that failed the European Banking Authority’s latest capital-adequacy test, a ritual best known for how lax its standards are. One that flunked was Bank of Cyprus Pcl, where uninsured depositors face 40 percent losses as part of the country’s bailout terms. Another was Cyprus Popular Bank Pcl, also known as Laiki Bank, where uninsured deposits will fare far worse and the bank is being shut.
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  Cypriot banks’ customers were complacent after uninsured deposits went unscathed in Ireland, Greece, Spain and Portugal, the first euro-area countries to seek international rescues. Slovenians won’t have that excuse should their country be next.
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  The former Yugoslav republic needs about 3 billion euros ($3.8 billion) of funding this year, while its struggling banks need 1 billion euros of fresh capital, the International Monetary Fund said last week. Slovenia’s central bank this week urged the country’s new government to quickly carry out a plan to recapitalize ailing lenders. It’s a familiar pattern.
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  Oblivious Customers
  The Central Bank of Cyprus warned months ago that the country’s banks needed an infusion of 10 billion euros — which is more than half the size of the nation’s economy — largely because of heavy losses on Greek sovereign debt held by Laiki and Bank of Cyprus. It seems a lot of customers were oblivious to the banks’ deteriorating health, or were confident they would be cared for by somebody else. The country is getting a 10 billion-euro bailout, nine months after it first asked for aid, except none of the money will go to the banks.
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  Suddenly it should be dawning on a lot of Europeans that deposit-guarantee limits matter. In Slovenia, the maximum is 100,000 euros per depositor, the same as in Cyprus. (Deposit- insurance programs vary among the 17 countries that use the euro.) For a few days last week, it looked as if customers at Laiki and Bank of Cyprus would lose even some of their insured deposits, which would have been a sacrilege.
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Cyprus Bank Insolvency Crisis Quickly Escalating; May Set Off EU Bankageddon!

• Cyprus bank insolvency crisis quickly escalating; may set off EU bankageddon! 
  by Mike Adams, Natural News 
  As you may have suspected, there’s far more to the Cyprus bank crisis story than meets the eye. It turns out the shutdown of Cypriot banks has caused a large-scale financial shutdown of the Russian government which uses Cyprus banks for most transactions.
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  On top of that, the EU central bank (ECB) has now issued an ultimatum that threatens to revoke all financial support and crash the Cypriot banks if they can’t come up with 5.8 billion Euros by Monday. Reuters reports:
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  The European Central Bank, which has kept Cyprus’s banks operating with a liquidity lifeline, said the government had until Monday to get a deal in place, or funds would be cut off – putting not just the Cypriot economy in jeopardy but billions of euros held on the island by foreigners, notably from Russia.
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  USA Today reports, “If it does not find a way by Monday, the European Central Bank said it will cut off emergency support to the banks, letting them collapse. That would throw the country into financial chaos and, ultimately, cause it to leave the eurozone, with unpredictable consequences for the region.”
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  Until then, the banks remain closed, and everybody knows the minute they open, every account holder will immediately transfer their money out of the banks, causing a near-instant bank run and a collapse.
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  The worry across the eurozone now is that this imminent bank collapse will trigger account holders in Greece to start taking their money out of the bank, too. The Greek banking system is already in such sad shape that it only takes a very small percentage of account holders withdrawing their funds — perhaps 5% or so — to topple Greek banks. That’s because the banks are roughly 95% leveraged with fractional reserve accounts and complex debt instruments.
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  Once bank runs begin in Greece, they will spread across the EU. Fear will kick in everywhere and depositors will run on the banks in Spain, Italy and even the UK. Germany is arguably in the safest position to defend against bank runs, but even its banks are unwisely leveraged beyond reasonable ratios.
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Banking Chief Calls For 15% Looting of Italians’ Savings!

• Banking Chief Calls For 15% Looting of Italians’ Savings! 
  by Paul Joseph Watson, www.Infowars.com
  News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims of the infamous “IMF riot,” as the chief economist of the German Commerzbank calls for Italians to be similarly plundered for 15% of their savings.
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  The government of Cyprus is set to vote tomorrow on enforcing a “tax,” which in reality is nothing less than a confiscation of private wealth, that would hit savers with between 100,000 to 500,000 euros with a levy of 9.9%. Those with over half a million euros will face an even higher rate of 15%.
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  However, the scale of the robbery could have been far higher. As Zero Hedge reports, “It appears that the settled-upon 9.9% haircut is a ‘good deal’ compared to the stunning 40% of total deposits that Germany’s FinMin Schaeuble and the IMF demanded.”
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  Now that the dictatorial EU and IMF have simply set about stealing the privately accrued wealth of lifetime savers in Europe, everyone is asking one question – who’s next?
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  Joerg Kraemer, chief economist of the German Commerzbank, has called for private savings accounts in Italy to be similarly plundered. “A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product,” he told Handelsblatt.
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  Although many Cypriots reacted with an anger over the theft of their savings, with one man threatening to drive a bulldozer into his local bank, the reaction has so far been noticeably calmer than one would expect in a country like Italy, which has already been hit with violent anti-austerity riots over the past year.
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  Are we now seeing yet another example of the “IMF riot” – where the banking elite deliberately fosters social dislocation as a ruse to seize control of a nation’s economy and begin the process of asset stripping, just as happened in Greece and Argentina? Are Cyprus and Italy now in the crosshairs?
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  As respected investigative reporter Greg Palast exposed in 2001, the global banking elite, namely the World Bank and the IMF, have honed a technique that has allowed them to asset-strip numerous other countries in the past – that technique has come to be known as the “IMF riot.”
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  In April 2001, Palast obtained leaked World Bank documents that outlined a four step process on how to loot nations of their wealth and infrastructure, placing control of resources into the hands of the banking elite.
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  One of the final steps of the process, the “IMF riot,” detailed how the elite would plan for mass civil unrest ahead of time that would have the effect of scaring off investors and causing government bankruptcies.
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  “This economic arson has its bright side – for foreigners, who can then pick off remaining assets at fire sale prices,” writes Palast, adding, “A pattern emerges. There are lots of losers but the clear winners seem to be the western banks and US Treasury.”
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$50-58bn to Flood Out of Cyprus Due to 9.9% Bank Deposit Confiscation by the EU and into Gold and Even UAE Banks!

• $50-58bn to flood out of Cyprus due to 9.9% bank deposit confiscation by the EU and into gold and even UAE banks! 
  by http://www.arabianmoney.net/ 
  Depositors who are waking up to find that up to 10 per cent of their bank accounts in Cyprus have been confiscated as a part of a European Union rescue operation are unlikely to leave their money in the country because of the risk of it happening again. ATM machines have already emptied on the Mediterranean island in a bid to drain accounts. All electronic money transfers have been stopped.
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  An estimated $50 to $58 billion of deposits are being subject to the so-called tax or special levy, which gets around what was supposed to be an EU bank deposit guarantee scheme. This is the first EU banking bailout to involve such a mandatory confiscation of depositors’ money and was agreed by finance ministers yesterday.
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  Ending money laundering
  It is aimed squarely at the huge offshore funds held in Cyprus by Russians, much of it said to be from money laundering though how an offshore banking centre is suppposed to adjudicate on the source of offshore funds presented to them by depositors is unclear.
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  The EU would evidently rather not have this money deposited inside the bloc and has made its draconian ruling to frighten this money away as well as to help refinance the beleaguered Cypriot banking sector. Ironically the impact of this $50 to $58 billion leaving the system will of course be devastating and almost certainly result in another crisis for the banking system.
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  The cost of securing German support for the rescue package has been high indeed: the whole future of Cyprus as an offshore banking centre. Will depositors risk leaving their money in such a jurisdiction for a second round of this banking system’s collapse?
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  How much more of depositors’ money will the EU want then? Depositors, who are far from all being Russian oligarchs and mainly ordinary people and pensioners are hardly likely to stick around to find out. That’s why there has been a run on the banks and ATMs.
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  German finance minister Wolfgang Schaeuble commented: ‘The Cypriot banking sector will be significantly reduced to a sustainable level and business model.’
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  Gold to benefit
  Where will this flood of money leaving Cyprus go? Mr. Gold, veteran trader Jim Sinclair says gold will rise past $1,600 on Monday and never look back as a consequence. Rival offshore benking centres will benefit and the nearest outside the EU are Istanbul, Beirut, Bahrain and Dubai.
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  Russian President Vladmir Putin will undoubtedly be furious at this confiscation of Russian savings. Mr. Sinclair thinks Russia might now signal that its central bank is going to raise its gold holdings further. Perhaps Mr. Putin might also try to tempt depositors to bring some of their money back home.
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  But the real beneficiaries will be rival banking centres outside the EU who are shown at a stroke to be more reliable custodians. Confiscating depositors’ money will be suicidal for the Cypriot banks but a boost for offshore banking rivals elsewhere.
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  ArabianMoney thinks this is a terrible precendent for the EU to set as it means it no longer guarantees the security of all bank deposits within its territory. That has not happened before. Where will it happen next? Greece? The eurozone financial crisis is back with a bang!

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Why Today’s Cyprus Bailout Could be the Start of the Next Financial Crisis!

Click on image for article!

• Illuminist banksters are once again financially raping the sheeple to bail out the banks!
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  Why today’s Cyprus bailout could be the start of the next financial crisis! 
  by Neil Irwin, http://www.washingtonpost.com/ 
  It is a bad day to have your money deposited in a bank in the Mediterranean island nation of Cyprus. And it may just mean some bad days ahead for the rest of us.
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  Early Saturday, the nation reached an agreement with international lenders for bailout help. Part of the agreement: Bank depositors with more than 100,000 euros ($131,000) in their accounts will take a 9.9 percent haircut. Even those with less in savings will see their accounts reduced by 6.75 percent. That’s right: Anyone with money in a Cypriot bank will have significantly less money when the banks open for business Tuesday than they did on Friday. Cypriots have reacted with this perfectly rational reaction: lining up at ATM machines to try to get as much money out in the form of cash before the money they have in their accounts is reduced.
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  What makes this important for people who couldn’t locate Cyprus on a map is this: It is one of the 17 nations using the euro currency, the fact that it’s a lot closer to Beirut than to Paris notwithstanding. European officials have spent the past six years moving heaven and earth to ensure that no depositors with the continent’s banks suffer a loss despite the financial strains the banks have been under.
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  Most dramatically, the Irish government in the fall of 2008 backstopped its banks, putting its public finances through a wringer. Even as the Greek economy has fallen into depression and Spanish bank losses on real estate have reached dangerous levels, the European Central Bank and the continent’s government have ensured that bank deposits were safe. They have feared that if depositors in any country were forced to take losses, it would spark a destructive cascade of withdrawals across Europe.
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  So is Cyprus different?
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Swiss Move Towards Barring Eurozone Refugees!

Things are getting better! Believe! Believe!

• Swiss move towards barring Eurozone refugees! 
  by Nick Meo, Geneva, http://www.telegraph.co.uk/ 
  Thousands of jobless young people from southern European countries ravaged by the eurozone crisis have come to work in Switzerland. But the Swiss are starting to think there too many: a referendum may reimpose immigration quotas.
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  The Edelweiss Hotel in the heart of Geneva is as Swiss as a cuckoo clock, with chalet-style pine furniture, spotless rooms, and staff in smart uniforms modelled on Alpine folk costumes.
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  They look the part, but none of the 38 waiters, chambermaids and receptionists are actually Swiss: nearly all are economic refugees from the eurozone, like Vera Correia, 24.
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  A year ago she was a secretary with a small computer firm near Porto, earning 700 euros (£570) a month, but after years of economic gloom she decided she had no future at home in Portugal. Now she cleans rooms for a salary of 3,500 Swiss Francs (£2,356) a month.
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  “My boss said it was a pity to become a cleaner after I had done so much studying,” she said. “But my pay has gone up here and I will try to find a similar position to my old one when my French is better.”
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  So many young Portuguese, Greeks, Italians and Spaniards have streamed in to try their luck – 75,000 foreigners arrived last year – that calls are growing to re-introduce immigration quotas.
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20 Facts About The Collapse Of Europe That Everyone Should Know!

• THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic) Protocol XII – Control of the Press
  …. WE CONTROL THE PRESS
  4. NOT A SINGLE ANNOUNCEMENT WILL REACH THE PUBLIC WITHOUT OUR CONTROL. Even now this is already being attained by us inasmuch as all news items are received by a few agencies, in whose offices they are focused from all parts of the world. These agencies will then be already entirely ours and will give publicity only to what we dictate to them.
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• THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic) PROTOCOL No. 10
  1. … I beg you to bear in mind that governments and people are content in the political with outside appearances. ….
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• 20 Facts About The Collapse Of Europe That Everyone Should Know! 
  by Tyler Durden, http://www.zerohedge.com/
  Originally posted at The Coming Depression blog,
  The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been “averted”, the economic statistics that are coming out of Europe just continue to get worse.
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  Manufacturing activity in Europe has been contracting month after month, the unemployment rate in the eurozone has hit yet another brand new record high, and the official unemployment rates in both Greece and Spain are now much higher than the peak unemployment rate in the United States during the Great Depression of the 1930s. The economic situation in Europe is far worse than it was a year ago, and it is going to continue to get worse as austerity continues to take a huge toll on the economies of the eurozone.
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  It would be hard to understate how bad things have gotten – particularly in southern Europe. The truth is that most of southern Europe is experiencing a full-blown economic depression right now. Sadly, most Americans are paying very little attention to what is going on across the Atlantic. But they should be watching, because this is what happens when nations accumulate too much debt. The United States has the biggest debt burden of all, and eventually what is happening over in Spain, France, Italy, Portugal and Greece is going to happen over here as well.
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  The following are 20 facts about the collapse of Europe that everyone should know…
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  #1 10 Months: Manufacturing activity in both France and Germany has contracted for 10 months in a row.
  #2 11.8 Percent: The unemployment rate in the eurozone has now risen to 11.8 percent – a brand new all-time high.
  #3 17 Months: In November, Italy experienced the sharpest decline in retail sales that it had experienced in 17 months.
  #4 20 Months: Manufacturing activity in Spain has contracted for 20 months in a row.
  #5 20 Percent: It is estimated that bad loans now make up approximately 20 percent of all domestic loans in the Greek banking system at this point.
  #6 22 Percent: A whopping 22 percent of the entire population of Ireland lives in jobless households.
  #7 26 Percent: The unemployment rate in Greece is now 26 percent. A year ago it was only 18.9 percent.
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Europe is Fixed… Which is Why Spain and Greece’s Banking Systems Are Collapsing Again!

Eurozone Titanic is sinking!

• Europe is Fixed… Which is Why Spain and Greece’s Banking Systems Are Collapsing Again! 
  by Tyler Durden, www.zerohedge.com
  While the US continues to digest the details of the US Fiscal Cliff Deal (the only important item is that it does nothing to address our debt or deficit problems), the EU continues to proclaim the worst to be over… while its financial system crumbles from within.
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  The latest EU official to sound the all clear is German Finance Minister Wolfgang Schauble. On Friday he told German newspaper Spiegel Online that he believes “we have the worst behind us” in the Euro Crisis.
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  It’s an odd statement given that in just October Schauble wasn’t sure that the worst was past. What’s changed since then? Not much aside from Greece finally getting another €57 billion that it’s been waiting for since June.
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  Indeed, Spain’s second largest bank, Bankia, (the bank which received nearly €24 billion in bailout funds in mid-2012) just announced that it needed another €18 billion on Friday. This came after Spain’s own Fund for Orderly Bank Restructuring announced that Bankia had a negative value of over €4 billion.
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  Again, the bank already received €24 billion in bailouts… and it’s worth negative €4.15 billion today. Given that this is the same bank that revised its 2011 €309 million profit to a €3 billion loss what are the odds that even this awful assessment is a bit too rosy?
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  Lest we think Bankia is a special case, consider that the entire Spanish banking system is on life support from the ECB, drawing over €300 billion (for a banking system with a total market cap of a little over €100 billion this is extraordinary).
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  Then of course there’s Greece where the four largest banks announced that they need another €27.4 billion (the entire banking system needs €50 billion). To give this number some perspective, the entire capital base of the Greek banking system is only €22 billion. Keep that €22 billion in mind when you consider that Greek banks are sitting on €46.8 billion in bad loans.
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Gold To See 186% Gain As System Collapses & Silver Hits $150 !

• Gold To See 186% Gain As System Collapses & Silver Hits $150! 
  by www.kingworldnews.com
  Today Egon von Greyerz told King World News that investors will now see a stunning 186% move in gold as the financial system begins to implode and silver heads to $150.  Here is what Greyerz, who is founder of Matterhorn Asset Management in Switzerland, had this to say:  “Eric, when we spoke last time I said that what’s happening in the US with the fiscal cliff is like rearranging the deck chairs on the Titanic.  The US is sinking with a yearly deficit of $1.5 trillion, and total liabilities, including unfunded liabilities, of over $7 trillion per year.”
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  “But the fiscal cliff is just a minor issue which involves around $120 billion, at best, savings in a year.  The US didn’t even succeed in rearranging those little deck chairs because cost-cutting has been deferred.  I’m sure that in 60 days when this is brought up again they will not cut costs significantly because no one will accept cost cuts.
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  The politicians won’t accept it because it means they won’t be reelected.  And the people won’t accept it because they will be even worse off.  Just like we’ve seen in Europe, austerity won’t happen.  Therefore, the deficits will continue, and they will continue at an accelerated rate. 
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  The performance of the US government over the last few weeks confirms that.  They couldn’t even agree on increasing the debt ceiling, even though the debt ceiling is a farce because it’s already been increased 150 times in the last 100 years.
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  This is why in 2013 we will see continued deficits and accelerated money printing.  This will happen not only in the US, but in the eurozone, Switzerland, the UK, Japan, and China.  We can just look at the problems here in Europe to see what’s going to come to the rest of the developed world….
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Harley Schlanger: Bernanke’s ‘Fiscal Cliff’ FRAUD – Austerity Coming To America!

Charts Of The Day: Greek Unemployment Hits Escape Velocity!

Total workers employed cliff dived !

• Charts Of The Day: Greek Unemployment Hits Escape Velocity! 
  by Tyler Durden, www.zerohedge.com
  It took one month for the 2013-2014 Greek medium-term unemployment target rate to be hit. The target rate? A grotesque, all time high 26%. Because as Elstat reports, this is what Greek unemployment already was in the month of September. Which means that at the time Greece was preparing its latest “Third Greek Bailout” projections in November, the rate was already well above the long-term target. Elstat also tells us that in September, the total number of actively employed Greek workers (including government) was a tiny 3,695,053. The number of persons unemployed: 1,295,203, while the inactive ranks swelled to 3,373,692. As a reminder, last month’s 25.4% unemployment rate has been promptly surpassed in a few weeks. Finally, that powderkeg of conflict, youth unemployment, was a jawdropping 56.4%.
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The EU Just Lost Another Prop: France’s Economy is Crumbling!

Eurozone collapse is coming!

• The EU Just Lost Another Prop: France’s Economy is Crumbling! 
  by Graham Summers, http://gainspainscapital.com/
  Meanwhile, as Greece continues to distract the markets, France, the other primary prop for the EU besides Germany, is now experiencing an economic contraction on par with that of 2008-2009.
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  Indeed, France’s September’s auto sales numbers were worse than those of September 2008 (the month Lehman collapsed). The country’s PMI reading is back to April 2009 levels. Even the French Central Bank, which would hold off as long as possible before unveiling bad news, has announced the country will re-enter recession before year-end.
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  Over the past few weeks, an extraordinary cry of alarm has risen from chief executives who warn that the French economy has gone dangerously off track. In an interview to be published on Nov. 15 in the magazine l’Express, Chief Executive Officer Henri de Castries of financial-services group Axa (CS:FP) warns that France is rapidly losing ground, not only against Germany but against nearly all its European neighbors. “There’s a strong risk that in 2013 and 2014, we will fall behind economies such as Spain, Italy, and Britain,” de Castries says.
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  On Nov. 5, veteran corporate chieftain Louis Gallois released a government-commissioned report calling for “shock treatment” to restore French competitiveness. And on Oct. 28, a group of 98 CEOs published an open letter to Hollande that said public-sector spending, which at 56 percent of gross domestic product is the highest in Europe, “is no longer supportable.” The letter was signed by the CEOs of virtually every major French company. (The few exceptions included utility Electricité de France, which is government controlled.)
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  http://www.businessweek.com/articles/2012-11-14/french-ceos-help 
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  We get additional confirmation that France is in big trouble from its partner in propping up the EU, Germany.
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  German Finance Minister Wolfgang Schaeuble has asked a panel of advisers to look into reform proposals for France, concerned that weakness in the euro zone’s second largest economy could come back to haunt Germany and the broader currency bloc.
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  Two officials, speaking on condition of anonymity, told Reuters this week that Schaeuble asked the council of economic advisers to the German government, known as the “wise men”, to consider drafting a report on what France should do…
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  “The biggest problem at the moment in the euro zone is no longer Greece, Spain or Italy, instead it is France, because it has not undertaken anything in order to truly re-establish its competitiveness, and is even heading in the opposite direction,” Feld said on Wednesday. 
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  “France needs labour market reforms, it is the country among euro zone countries that works the least each year, so how do you expect any results from that? Things won’t work unless more efforts are made.” 
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  http://uk.reuters.com/article/2012/11/09/uk-germany-france-economy-idUKBRE8A80MN20121109 
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  France will be a bigger problem than Spain or Italy for the EU?!?! That is one heck of an admission from a German official. If France deteriorates then it’s game over for the EU.  The current bailouts mean Germany is already on the hook for an amount equal to 30% of its GDP. If France tanks the amount will balloon astronomically. At that point it’s game over. This is why the Powers That Be in Europe are absolutely terrified of what’s happening there.

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Eurozone on Edge of Disintegration!