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According to Max Kaiser, Greece also had to cook their books (all with a great help from our best friends at JP Morgan), to qualify to enter Eurozone. Can't give you the link or more specifics ATM, but there was little evidence anyway (unsurprisingly). ...
The new push for a European Union federation, complete with its own head of state and army, is the "final phase" of the destruction of democracy and the nation state, the president of the Czech Republic has warned.
In an interview with The Sunday Telegraph, Václav Klaus warns that "two-faced" politicians, including the Conservatives, have opened the door to an EU superstate by giving up on democracy, in a flight from accountability and responsibility to their voters.
"We need to think about how to restore our statehood and our sovereignty. That is impossible in a federation. The EU should move in an opposite direction," he said.
Last week, Germany, France and nine other of Europe's largest countries called for an end to national vetoes over defence policy as Guido Westerwelle, the German foreign minister, urged the creation of a directly elected EU president "who personally appoints the members of his European government".
Mr Westerwelle, in a reference to British opposition, called for nation states to be stripped of vetoes on defence to "prevent one single member state from being able to obstruct initiatives" which "could eventually involve a European army".
The new offensive followed the unprecedented declaration by the Commission's president, José Manuel Barroso, during his "state of union" address to the European Parliament on 12 September, that he would make proposals for a fully-fledged EU "federation" in 2014. "Let's not be afraid of the word," he said.
Speaking in Hradcany Castle, a complex of majestic buildings that soars above Prague, and is a symbol of Czech national identity, Mr Klaus described Mr Barroso's call for a federation, quickly followed by the German-led intervention, as an important turning point.
"This is the first time he has acknowledged the real ambitions of today's protagonists of a further deepening of European integration. Until today, people, like Mr Barroso, held these ambitions in secret from the European public," he said. "I'm afraid that Barroso has the feeling that the time is right to announce such an absolutely wrong development.
"They think they are finalising the concept of Europe, but in my understanding they are destroying it."
...
Where are all the wealthy peeps going? They've been leaving the USA too FWIW.
The insane are now running the asylum.
France, which owns a minority position in the largest ship builder in the world, Chantiers de Le Atlantique in St. Nazaire, are pissed because the shipyard may have to close because, well, no one needs any new shipos right now. The workers are demanding the french government nationalize this relic so they can keep their jobsm irrespective of the fact that there are no ships to be built. In addition, some minister or another also threatened to nationalize a steel mill owned by Arcelor Mittal, because they want to close a plant that is sitting idle. What these idiots don't seem to get is that when the government takes over, the taxpayers are the sole subsidizer. Period. There is no magic money fairies out there, but the socialists still believe in them apparently.
Suprisingly, if you jack up the tax rate to 50% or more on the wealthy, yes they will leave...
http://www.telegraph.co.uk/news/pol...aires-left-Britain-to-avoid-50p-tax-rate.html
"In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.
This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election."
Since the Italian results are out, Eurostoxx50 futures are down 4%, the Euro is down 1.8% and gold in Euros is up 1.6%...
..like, you know, everyone else has? :rotflmbo:That isn't suprising, being that Italy really hasn't worked out it's issues as of yet.
http://ransquawk.com/headlines/278822Netherlands is looking to boost housing market and banks with national mortgage bank
I find it to be beyond hilarious that Beppe Grillo has won a huge number of seats in the lower house. As a convicted felon [manslaughter] he cannot be a member, but his coalition is now a power to be reckoned with.
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