The €2 Trillion Fund To Save The Euro!

• This is really about saving the banks by financially raping the sheeple. Of course, the Illuminists will never put it truthfully. They will promote a massive amount of fear: the Euro will collapse if you don’t save the banks. I say let the Euro collapse and all 17 countries go back to their own currencies. The Euro is a deeply flawed currency and is set up for failure from day 1. It is all about engineering a massive crisis to gain more power and control and the destruction of sovereignties. This €2 Trillion Fund will not work. Where is the money going to come from when every single nation is deep in debt? It is just a final financial rape of the taxpayer sheeple turning them into perpetual debt slaves! The Euro will definitely collapse!
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  The €2 Trillion Fund To Save The Euro!
  By Jonathan Russell, http://www.telegraph.co.uk/
  The numbers keep getting bigger. When the European Financial Stability Facility (EFSF) was created in May last year it was underwritten to the tune of €440bn (£384bn).
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  This was bolstered by $60bn (£38.9bn) from the European Financial Stabilisation Mechanism and $250bn from the International Monetary Fund (IMF). Wind the clock forward and the sums talked about at the IMF in Washington over the weekend were almost three times that amount. After months of prevarication and political buck-passing European leaders have woken up to the fact that more money, action and structural change is required if the euro is to survive.
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  The plan that emerged over the weekend included €2trillion to be raised for the EFSF, a 50pc default on Greece’s €350bn of debt and for European banks that hold that debt, largely French and German, to be bailed out.
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  The sums are huge, but then so are the problems. Unfortunately for those tasked with sorting them out the problems are increasingly political as much as economic. For the new, larger plan to be put into action it will require the backing of eurozone member states’ national governments. Changes to the current €440bn facility that will allow it to be used to support banks are currently being ratified by individual countries. Germany, which supports over a quarter of the current fund, will vote later this week.
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  There can be no certainty the current vote will be won. If the Bundestag is asked to stump up another €500bn the problems will only mount.
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  Raoul Ruparel, analyst at think tank Open Europe, said: “This plan remains very much up in the air. The issue will be getting approval and what price would be extracted for that. A lot of Parliaments, Slovakia, Netherlands, Germany, are hesitant about giving the EFSF more scope to act. Will Germany ask for greater say in how this money is spent? If so it will only slow everything down which is not ideal.”
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  The idea behind the larger bail-out is that it would deal with the problems in Greece without excluding the country from the eurozone. It would also strengthen those banks exposed to Greek debt. A combination of these two measures and the extra cash available would then create a firewall around the other problematic economies of Spain, Portugal, Ireland and Italy.
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  Combine this with talk of an emergency interest rate cut from the European Central Bank and you have signs that action is finally being taken.
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  … for the full article click here!

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