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IPFS News Link • Economy - International

Planned Chaos of Euro Collapse?


EU debt deal may be divisive for Europe ... Heads of state in Europe are congratulating each other for agreeing to a deal that will force fiscal discipline on European Union countries and impose sanctions on those that stray from the budget diktats of EU regulators. But the pact drafted largely by Germany and France and agreed to over dinner and drinks in Brussels must now be sold to average citizens, who are increasingly mistrustful of surrendering national sovereignty to the European Union, analysts said Sunday. The pact, then, could wind up forcing nations to choose between further European integration or disintegration. Leaders of 23 of the EU's 27 nations agreed Friday to be part of a new fiscal union in which they would be sanctioned if they miss preordained targets on spending and borrowing. Britain declined to join the pact, while Czech Republic, Hungary and Sweden said they would have to seek approval from national parliaments. – USA Today

Dominant Social Theme: Too bad Britain faded away ... The chaos is as undeniable as it is undesirable.

Free-Market Analysis: In today's lead article we tried to point out once more (as before) that this global central banking order we have is not to the world's benefit. What we call the Internet Reformation has made it more and more difficult for the powers-that-be to promote their fear-based dominant social themes.


1 Comments in Response to

Comment by Powell Gammill
Entered on:

The real hoot is the articles/opeds stating what a fool the UK's PM is for missing his chance of tying the pound into stabilizing the Euro.   Doesn't he want Euro overseen austerity for his people in a year or two?