RSS Feed
October 10th, 2011 
FAKE NEWS for the Zionist agenda 
Daily Bail
October 10, 2011
Pardon while we chuckle, because $1 trillion, let alone $6 trillion, is never going to happen in Europe. Where do they plan to get the money, Euro Claus?
Consisdering that the current proposal being voted on by all 17 Eurozone members calls for a fund of less than $500 billion, this new number, though more realistic in terms of the size needed to fix the problem, is a political impossibility, especially given the popular resistance among voters in France and Germany to bailouts for irresponsible neighboring countries.
Excerpt:
Many European policymakers are beginning to envisage the fund, known formally as the European financial stability facility, as a nascent eurozone treasury that could sit alongside the European Central Bank. It would be quickly tapped to deal with crises without relying on national parliaments, which cannot act at the speed demanded by markets.
Senior officials have even begun referring to this future construction by a new name, the European Monetary Fund, which would operate like many other European Union institutions – with decisions taken by a qualified majority vote rather than unanimity. Such proposals will feature in a review of eurozone governance overseen by Herman Van Rompuy, the European Council president, next month
- A d v e r t i s e m e n t
Daniel Gros, director of the Centre for European Policy Studies think-tank, estimated that under some scenarios, the EFSF – and its successor, a permanent agency called the European Stability Mechanism – would have to be as big as €4,000bn ($6.2 trillion).
Such an increase would mean France, whose triple A rating is essential to the market credibility of the EFSF, would see its debt levels rocket, at a time when its bond rating is already under scrutiny. “It’s just not conceivable to have a much larger EFSF and still have France as triple A,” said Mr Gros.
—
DB here. Meanwhile UK Prime Minister David Cameron is in the news today calling for “a big bazooka approach to bailouts” warning they have only a few weeks to avert economic disaster. And Merkel and Sarkozy met again today and claim to have reached agreement on a massive EURO bank bailout, though neither would release details.
Print this page.
8 Responses to “Think Tank Says Bailout Fund Will Need $6 Trillion And France Will Lose AAA Rating”
Leave a Reply
You must be logged in to post a comment.
Posted in 
Tags: 
Question: “Where do they plan to get the money, Euro Claus?”
Answer: “Weimar goes global…”
Ps. the cashless NWO is just around the corner – henrymakow.com/global_tyranny_moving_forward.html
the triple AAA only means the rating at witch the moneychangers are going to stict it to the french people …..no money from the moneychangers scumfucks sould rated as anything but toilet paper
Twitchbar Reply:
October 10th, 2011 at 3:04 pm
Rating Agencies are another NWO tool
A downgrade means to borrow money costs more
Interest rates go up
Another day compounded deeper in Debt
The Rich get Richer
More foreclosures
More job loss’s
Wages remain stagnant
More people on the scrap heap
Lives destroyed
Think again think tank. The tab is now $217.5 trillion. Correction it just went up to $218 trillion.
Correction another increase $218.75 Trillion.
Why stop there they might as well ask for ten 🙂
They won’t “print” the money…they’ll type 6200,000,000,000 into a computer and presto, change-o…6.2 trillion appears. It’s quite easy.
The trick is getting the peons to accept horrendous cutbacks in service, reduced wages, higher food, gas, utilities, etc to pay for it. I mean..typing that 6.2Trillion in is hard work…
Pay us 7 trillion and we’re still going to ding your credit. Lol!
Beam me the fuck out of here.