Merkel Rejects Debt Sharing

[Parsad]

No ECB bonds as far as Merkel is concerned.  Cheers!

 

http://www.bloomberg.com/news/2012-06-02/merkel-rejects-debt-sharing-as-obama-urges-end-to-crisis-cloud.html

[alertmeipp]

I think they are looking to different names for the same thing.

[Aberhound]

My bet is that G-day is coming soon. Greece is out, ESM is in, banks are nationalized to recapitalize them, then Eurobonds are issued backed by sequestered VAT + the national gold hoards. EU directive will force sale of private gold to the central banks. Then gold is revalued. Nationalized banks financial data becomes state secrets and hyper-leverage takes off again which we will see only from increased public spending.

 

The result is a hard Euro vs other currencies and a death to the US reserve currency status. Its funny that Obama/Geithner the destroyers are pushing the Eurobond. Traitors!