Friday, September 16, 2011

Europe Rules Out Stimulus...

...Offers No Bank Aid at Geithner Parley
European finance ministers ruled out efforts to prop up the faltering economy and gave no indication of fresh aid for lenders to go along with yesterday’s liquidity lifeline from the European Central Bank.
Apparently they're not overcome by Mr. Geithner's charisma on the continent.

No worries! The ECB is distributing dollars. Why should local finance ministers stick their necks out?

[we pause. we wonder how this plays out...if these locals stiffen their necks, the "crisis" gets deeper, and eventually they cave in, perhaps lose any semblence of national soveriegnty, and we see Eurobonds and big step toward that global monetary union.]


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