Monday 12 December 2011

EU Almost treaty

Once the media fanfare dies down over the UK Prime Minister Cameron's exercising the Veto on the attempted Merkozy Treaty, we'll see that the proposals contain no real solution to the problems besetting the Euro. It is like an Office Administrator applying rules on dress code when the primary business is failing. Once again European banks are increasingly distrustful of lending to each other. They are trapped on the deepening sides of a financial vortex.

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