EU Strengthens Economic Rescue Efforts, page

EU Strengthens Economic Rescue Efforts

www1.voanews.com

Stock markets and the euro currency rebounded on news of an enormous European Union rescue package to combat a growing financial crisis in the region. The plan, combined with support from the International Monetary Fund, is worth about a $1 trillion.

Global markets and the euro rallied, buoyed by the news of the plan announced by European Union finance ministers in Brussels. The rescue package includes $75 billion in loans to troubled members available from the European Commission, the E.U. executive arm.

(visit the link for the full news article)

An unidentified man speaks on his cell phone as a stock price ticker indicates gain at the Greek Stock Exchange in Athens, 10 May 2010.



European Council President Herman Van Rompuy listens to questions during a session at the World Economic Forum in Brussels, 10 May 2010.

The self-appointed globalist elite have launched this 'economic' rescue effort to financially monopolize and bankrupt the Greek economy by design, and loan it readily-defaulted debt money (which is tax dollars from France and Germany), which will be splurged on anything the treacherous Greek political elite can squander.

www1.voanews.com
(visit the link for the full news article)

reply to post by ironfalcon

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I agree with your analysis. What would you think of someone who was crippled by debt & announced they'd solved it by taking out truly astronomical loans?

(The same goes for all the governments who have 'solved' their crises via 'bailouts' & 'quantitative easing' and/or IMF loans...)

reply to post by pause4thought

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Like paying for your credit card balances with other credit cards.

reply to post by Common Good

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Bullseye.

And anyone who doubts it might like to study this article in its entirety:

Multi-billion Euro rescue buys time but no solution

The sheer scale of Europe's 750bn-euro stabilisation package is meant to vanquish Europe's looming sovereign debt crisis. Dubbed "shock and awe", it dwarfs previous bail-outs.

And initially the markets welcomed the deal like a liberating army, relieving the beleaguered governments of southern Europe.

But as the dust settles, doubts are surfacing over how much the deal can really do to solve the underlying problems...

Endgame here we come.

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