Sarkozy And Merkel Set a Date To Save Europe! (ie. To Abandon The Euro!)

• Did Sarkozy and Merkel work out a concrete plan to save Europe over the weekend? Obviously not! Why not? Isn’t it very urgent? Behind the scenes they are already preparing for the breakup of the Eurozone. Rumors are that they have ordered the printing of the Deutschmark and French Franc for that eventuality. They know that the situation is unsalvageable. It will need something in the order of US$5T to save the Euro. Doing so, will bust Germany and France. The Eurozone is going down big time. It is everyman for himself. D-Day by end October? All the talk about a plan to save Europe by end October is just PR for sheeple consumption.
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  Nicolas Sarkozy and Angela Merkel set a date to save Europe
  By  Philip Aldrick, http://www.telegraph.co.uk/
  France and Germany have pledged to present a plan that resolves the eurozone’s debt crisis before the end of the month.
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  The promise was made by President Nicolas Sarkozy and Chancellor Angela Merkel after a bi-lateral summit in Berlin yesterday, which was once again full of rhetoric but devoid of detail.
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  Both leaders committed to a “comprehensive” response that they suggested would involve a recapitalisation of Europe’s banks, accelerating economic co-ordination in the eurozone and dealing with Greece. “We are not going into details today,” Chancellor Merkel said. “The whole package will be ready by the end of the month.”
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  The commitment followed weeks of international pressure from the US, the UK, the developing world and the global bond markets. David Cameron raised the stakes again in an interview with the Financial Times, in which he called on Europe’s leaders to take a “big bazooka” approach to get ahead of the crisis.
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  Prescribing a grand plan of bank recapitalisations, a bolstered euro bail-out fund, strong action over Greece, and treaty reforms to prevent the crisis happening again, he said Europe’s leaders have a tendency to do “a bit too little, a bit too late”.
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  Apparently aware of the mounting criticisms, President Sarkozy said at the summit: “We are very conscious that France and Germany have a particular responsibility for stabilising the euro.
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  “We need to deliver a response that is sustainable and comprehensive. Europe must solve its problems by the G20 summit in Cannes… By the end of the month, we will have responded to the crisis issue and to the vision issue.” The Cannes summit starts on November 3.
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  However, the meeting provided little evidence that France and Germany are any closer to resolving their differences over bank recapitalisations or an enhancement of the €440bn (£380bn) European Financial Stability Facility bail-out fund. France is reluctant to use taxpayer money to rebuild its banks’ buffers, while Germany is refusing to bolster the EFSF.
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  The International Monetary Fund has said that Europe’s banks have a possible €200bn black hole and Governments are hesitating because taxpayer bail-outs on that scale could jeopardise a country’s credit rating.
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  …. for the full article click here!

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