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May 29th, 2012 
FAKE NEWS for the Zionist agenda - Bank of England Governor Sir Mervyn King and FSA chairman Lord Turner called to No 10
By
Tim Shipman and Hugo Duncan
18:36 EST, 28 May 2012
|
18:59 EST, 28 May 2012
Crisis talks: David Cameron has demanded proof that Britain is ready for a eurozone collapse
David Cameron demanded proof that Britain is ready for a eurozone catastrophe yesterday as he held an emergency summit on the crisis.
The Prime Minister summoned Bank of England Governor Sir Mervyn King and Financial Services Authority chairman Lord Turner to No 10 to ensure the UK has contingency plans in place.
Mr Cameron set up the meeting amid fears that the Spanish banking system is on the edge of disaster, potentially plunging Europe into a financial cataclysm.
Downing Street insisted the hour-long meeting had long been planned, but City sources said it was not one of the Governor and FSA’s regular No 10 visits.
The Governor and FSA chief briefed Mr Cameron on the resilience of British banks and measures being taken to insulate the UK economy from the risk of contagion spreading from bankrupt Greece to other economies.
Crucially, the summit was attended by Deputy Prime Minister Nick Clegg, as well as Chancellor George Osborne and Chief Secretary to the Treasury Danny Alexander.
Mr Clegg would not normally attend financial meetings outside the Budget period.
The meeting came as a banking crisis in Spain raised the prospect of the eurozone’s fourth largest economy requiring an international bailout.
Summoned: The Governor of the Bank of England, Mervyn King (left) and the chairman of the Financial Services Authority, Adair Turner
Spanish prime minister Mariano Rajoy admitted the situation was ‘extremely difficult’ as shares in the stricken lender Bankia crashed 27 per cent in early trading in Madrid after it requested a £15billion state bailout.
By the end of trading, the Spanish stock market had fallen 2.2 per cent to its lowest level for nine years as banking heavyweights including Santander followed Bankia down.
Borrowing costs in Spain have also soared back into the danger zone. The ten-year bond yield, the interest the government pays to borrow, jumped to 6.5 per cent – the highest since November last year and close to the 7 per cent level that triggered bailouts in Greece, Ireland and Portugal.
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Demanding Dave makes a reappearance ‘Read All About It’
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is his contingency plan the same one he had for the tax on hot food –
Plan: do it
Contingency: don’t do it
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CAMERONS SUMMONED KING ETC……ALL A BUNCH OF SELF IMPORTANT USELESS W_ _ _ _ _ _ !!!!
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DO NOT WORRY ABOUT EURO, GERMANS ARE NOT WORRYING BUT BRITISH ARE. I AM NOT GETTING THIS MESSAGE THROUGH UNLESS GERMANS REFUSED TO BAIL US OUT?
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Merv will need a nursery school interpretor to put it into language Call me Dave can understand.
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I am sure that this is just scare mongering. After all, didn’t these same Spanish Banks pass the European Commission ‘stress tests’ on two separate occasions? The Eurocrats cannot possibly be wrong.
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While everybody is looking at Europe what about Ireland? They are also on the brink of collapse. Portugal. Ireland, Italy, Greece. Spain, They are all in the same sinking ship. It only needs one to sink then they all sink then Europe is finished.
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What’s the point of inviting Nick Clegg
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Perhaps he is looking for a cast iron guarantee.
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I think Herman the German has got it right. The UK is being primed for a move to the EURO by the politicos in the House of Commons. I fully agree with Ralph of Bremen who thinks the same.- albert hall, hove england, 29/5/2012 7:58———————Cheers mate. We gonna have the last laugh
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