European Debt Crisis Becoming A Greater Problem | International Forecaster Weekly Bob Chapman

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Farage: What gives you the right to dictate to the Greek and Italian peo...

by europarl on Nov 16, 2011

http://www.ukipmeps.org http://twitter.com/#!/Nigel_Farage
• European Parliament, Strasbourg, 16 November 2011

• Speaker: Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy)

• Debate: EU Economic Governance - Statements by the Presidents of the European Council (Herman Van Rompuy), the Commission (José Manuel Barroso) and the Eurogroup (Jean-Claude Juncker) - [2011/2902(RSP)]:
http://www.europarl.europa.eu/oeil/FindByProcnum.do?lang=en&procnum=RSP/2...
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Transcript:

"Here we are on the edge of a financial and social disaster and in the room today we have the four men who are supposed to be responsible. And yet we have listened to the dullest most, technocratic speeches I've ever heard.

You are all in denial. By any objective measure the euro is a failure. And who exactly is responsible, who is in charge out of all you lot? The answer is none of you because none of you have been elected; none of you have any democratic legitimacy for the roles you currently hold within this crisis.

And into this vacuum, albeit reluctantly, has stepped Angela Merkel. And we are now living in a German-dominated Europe - something that the European project was actually supposed to stop. Something that those who went before us actually paid a heavy price in blood to prevent. I don't want to live in a German-dominated Europe and nor do the citizens of Europe.

But you guys have played a role, because when Mr Papandreou got up and used the word 'referendum' - or Mr Rehn, you described it as 'a breach of confidence', and your friends here got together like a pack of hyenas, rounded on Papandreou, had him removed and replaced by a puppet Government. What an absolutely disgusting spectacle that was.

And not satisfied with that, you decided that Berlesconi had to go. So he was removed and replaced by Mr Monti, a former European Commissioner, a fellow architect of this Euro disaster and a man who wasn't even a member of parliament.

It's getting like an Agatha Christie novel, where we're trying to work out who is the next person that's going to be bumped off. The difference is, we know who the villains are. You should all be held accountable for what you've done. You should all be fired.

And I have to say, Mr Van Rompuy. 18 months ago when we first met, I was wrong about you. I said you would be the quiet assassin of nation states' democracy, but not anymore, you are rather noisy about it aren't you. You, an unelected man, went to Italy and said, 'This is not the time for elections but the time for actions'. What in God's name gives you the right to say that to the Italian people.

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Video Source: EbS - European Parliament
Music from Velvet Choker (Cornerstone Cues)
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EU Member States:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Italy Should Sell Its Gold Are Ridiculous...www.gold-prices.biz

Why Proposals That Italy Should Sell Its Gold Are Ridiculous

Friday, November 11, 2011 at 12:20AM

http://www.gold-prices.biz/home/why-proposals-that-italy-should-sell-its-gold-are-ridiculous.html

Gold Prices

Many have suggested that Italy should sell its substantial gold reserves in order to pay down some of its debt and avoid a sovereign debt crisis. We view such proposals as ridiculous, due to the magnitude of Italy’s debt relative to the value of its gold holdings. However, one such proponent of such a transaction is Gunther Krichbaum, a lawmaker in German Chancellor Angela Merkel’s governing coalition and he is also the Chairman of the Committee of the Affairs of the European Union. The German Bundestag has proposed that Italy sell its sizeable gold reserves in order to lower its debt, implying that Italy’s gold reserves are relatively high and could be used to pay off their sizeable debt. The same suggestion has been put to Germany in the past and it was met with an emphatic rebuttal...........

So we know about the debt, but how much gold does Italy have?
http://www.gold-prices.biz/home/why-proposals-that-italy-should-sell-its-gold-are-ridiculous.html


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Euro zone grapples with uncertainty...irishtimes.com

Euro zone grapples with uncertainty

The Irish Times - Tuesday, November 8, 2011

ARTHUR BEESLEY in Brussels

EUROPEAN UNION: EURO ZONE finance ministers played for time last night as uncertainty about the fate of Italy rocked markets, and as Europe awaited news from Greece on the conclusion of talks on an emergency coalition government.

The upsurge of volatility on markets has prompted European leaders to bring forward the deadline to agree on the expansion of their bailout fund by four weeks to the end of this month.

The discussions are highly complex, however, and the ministers were not aiming to reach a deal last night. A further emergency meeting is likely before their next scheduled talks on November 29th.

The euro zone meeting was overshadowed by the political ructions in Rome, where the premier, Silvio Berlusconi, was clinging to power, and by Greek talks on a new unity government..........

http://www.irishtimes.com/newspaper/finance/2011/1108/1224307207226.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.