George Orwell
War against a foreign country only happens when the moneyed classes think they are going to profit from it
Arthur Schopenhauer
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed, Third, it is accepted as being self-evident
After a tough night of wrangling, EU leaders have agreed to set up a new authority – tasked with keeping sinking banks afloat. And to do that, the new agency will be given access to Europe’s mammoth bailout funds – stocked in a large part by taxpayer money. This exact function was previously carried out by governments. But now, the EU can bailout a nation’s banks – without adding to the government’s debt levels – at least on the books. It’s something that Germany strongly opposed, but was forced to relent on due to Spanish and Italian insistence. Nigel Farage, a member of the European Parliament and leader of the UK Independence Party, believes that it’s Germany who plays the deciding role in these talks.
Source: RT
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