Angela Merkel Just Revealed The Truth About Europe!

• Angela Merkel Just Revealed the Truth About Europe! 
  by Graham Summers, http://www.gainspainscapital.com/
  For several months now, I’ve been stating that the world’s central banks are in a bind. That bind is that their monetary policies are becoming less and less effective at placating the markets while the consequences of said policies (higher costs of living, the targeting of troubled banks in the credit market, etc.) are increasing.
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  As a result of this, central banks have begun resorting to more and more “verbal intervention” or promises to “act” without ever acting. We received confirmation of this over the weekend when Angela Merkel chastised Germany Bundesbank Head Jens Weidmann for stating that an ECB policy of buying bond was like a dangerous drug.
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  Angela Merkel tried to calm a growing storm over euro zone crisis strategy on Sunday after the Bundesbank likened ECB bond-buying plans to a dangerous drug and a conservative ally of the German leader said Greece should leave the currency bloc by next year.
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  The comments, from central bank chief Jens Weidmann and a senior figure in the Bavarian Christian Social Union (CSU), Alexander Dobrindt, point to mounting unease in Germany with the policies being used to combat the three-year old debt crisis.
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  Domestic criticism has narrowed Merkel’s room for maneuver at a time when Greece is in dire need of more aid and policymakers are scrambling to prevent contagion from enveloping big countries like Spain and Italy.
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  Two days after Greek Prime Minister Antonis Samaras visited Berlin and made an impassioned plea for politicians there not to talk up the possibility of a Greek euro exit, Merkel herself sent a warning to allies who have said the euro zone would be better off without its weakest link.
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  “We are in a very decisive phase in combating the euro debt crisis,” Merkel told public broadcaster ARD in an interview. “My plea is that everyone weigh their words very carefully.”
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  http://www.reuters.com/article/2012/08/26/us-eurozone-idUSBRE87P0AI20120826
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  For over two years now, we’ve been hearing time and again that the European crisis was “solved” and that things would improve. It’s obvious now that all of those claims were lies. Indeed, we’re now at the point that politicians are openly asking central bankers not to discredit attempts to prop up the markets.
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  Let me ask you, how desperate do things have to be that a politician asks a central banker not to use certain words during public appearances?
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  The answer: very, very desperate.
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  read more!

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