Europe has never faced bigger risk of exploding, says Sarkozy - video

French president Nicolas Sarkozy has joined European leaders in preparations to exclude the UK from a euro deal at the Brussels summit if David Cameron seeks to veto proposals. In an effort to forestall the ruin of the single currency, leaders of the eurozone lined up against the PM and his campaign to extract a price in return for agreeing to Europe's new 'fiscal contract'

www.guardian.co.uk...

Well ..This is the most important EU summit in EU history ...Cameron wants England out of new EU fiscal budget policy .

David Cameron was at the centre of a furious row with Nicolas Sarkozy on Thursday after Paris tried to isolate the prime minister at the EU summit by suggesting that Britain is seeking to exempt the City of London from all European regulations. In a move dismissed by officials in Brussels as an attempt to set Britain up as the "fall guy", senior French figures said Cameron wanted an "opt out" from EU financial services regulation

With new proposals i can smell more erosion of democaracy and more bigger super state

The focus was on how and whether to reopen the EU's Lisbon treaty to establish a rigorous euro stability pact with quasi-automatic penalties for fiscal sinners, more intrusive control of national budgets by EU bodies, and structural changes to entrench the eurozone as a much more powerful entity.

www.guardian.co.uk...

As Cameron, Merkozy and co. continue to talk into the night

Telegraph have live coverage of debt crisis

www.telegraph.co.uk...

The US markets have now closed for the day, losing value after the head of the European Central Bank poured cold water on hopes that the bank will boost its bond-buying to help contain the eurozone debt crisis. The Dow Jones fell 1.6pc, the S&P 500 dropped 2.09pc and the Nasdaq slipped 1.98pc.

What a times we living ,,,

Euro summit rocked by row over veto plan

A rebellion by Finland, the Netherlands and Ireland is threatening to torpedo the Brussels summit plans – despite repeated warnings that today is the last chance to save the euro.

Hours before leaders arrived in Brussels , the Finnish parliament ruled that treaty changes proposed for the European Stability Mechanism (ESM) were “unconstitutional”. The summit was further put at risk with news that after failing stress tests, European banks need to raise €115bn (£98bn) in fresh capital to satisfy regulators. Finland’s grand committee said decisions made by the ESM – the eurozone’s permanent bail-out fund set for launch in 2012 – had to remain unanimous, and not changed to the “qualified majority” that French president Nicolas Sarkozy and German chancellor Angela Merkel have agreed. The Finns are backed by the Netherlands, which fears proposals to withdraw veto powers from the ESM is an erosion of democracy and would make it vulnerable to funding bail-outs without recourse. Meanwhile, the Irish want to block plans for the “convergence and harmonisation” of the eurozone’s “corporate tax base”. The rebellion is a serious threat to German and French plans to sign treaty changes today along the lines laid out in their joint letter on Wednesday. In it, the leaders said they hoped all 27 European Union countries would sign.

www.telegraph.co.uk...

Merkozy the bankster puppet can go to hell with his warmongering.

Nothing has to explode, tell the banksters to suck it and stick their fake debt where the sun don't shine and if they complain, they can complain from a jail cell or hanging from a tree.

Originally posted by Vitchilo
Merkozy the bankster puppet can go to hell with his warmongering.

Nothing has to explode, tell the banksters to suck it and stick their fake debt where the sun don't shine and if they complain, they can complain from a jail cell or hanging from a tree.

Isn't it funny how they're trying to scare the hell out of everyone with such jibber-jabber . . . meanwhile, Merkozy and those of his ilk are simply working the boards to make sure their 'handlers' maximize their profits.

I'm with you . . . duct tape their hands to their ankles and stick their bogus bonds right were they'll recieve maximum fertilization for some growth you can measure!!!!

This man was right



Problem- Sovereign Debt crisis
Reaction - People riots, strikes , markets reacting , rising food prices etc etc
Solution - More centralised super EU state

What happens if they don't reach a solution? Will this ignite some sort of cascade effect with the global markets? This makes me sick.

reply to post by LR2543


What will happen is all those banksters that have been speculating on european bonds will go down like MF and co.
They're the ones, with Merkozy scaring people and putting pressure, hoping the ECB will step in, buy them bonds so they can turn a nice profit.

They played with fire, I say let them go down.

reply to post by LR2543


No solution by Saturday : SP downgrades EVERYTHING in Europe, including Germany.

That basically dooms European banks and countries.

But this is good news, it will kill the euro.

Long live liberty, death to the euro!

And Merkozy will be gone by April 2012 anyways. He won't be reelected... there's also a good chance the National Front will be elected... which means France will be sovereign again... no more globalist crap from France... which would be neat.

Europe will Explode...but because of other factors... the planned bailouts by using leveraged money that was created by the ECB printing presses, together with the dark pool of USDs from the USA Fed Reserve


goldprice.org...


here's the background:

the EU is in the beginning stages of the ECB printing warehouses full of money...
then allowing the US Fed Reserve to inject multi-Billion$ into the 17 ECB primary dealers with money swaps///
and multiplying the printed money by way of money and derivatives going through
the ESM (European Stabilization Mechanism)
and EFSF (European Financial Stability Facility)


now with these 3 facilities creating Trillion$ for the EU nations
Just How is there not the prospect of 'Inflation' from €'s (created from thin air)
the same as there is for the USD's created the same way...



see:

as of Dec 8th... an ounce of gold costs $1709. USD
whereas.... an ounce of gold costs only €1295. Euro



why has the Euro remained more valuable than the USD
especially when the EU is expected to begin the Trillions in bailout monies by June 2012


i would expect that the € = $ will achieve parity by next June '12
but here's the tricky part... will the Euro decrease to the USD value
and that ounce of gold get priced at something like $1,000 & €1,000 in devalued money units?
Or will gold rise dramatically to near $2,000 & €2,000 even as the two currencies get devalued equally



i expect gold prices to decrease from Jan-July 2012... even as the money becomes worth-less
even as the deficet and sovereign debt issues are flooded with newly created money both in the EU & the USA




related: danielamerman.com...