Tuesday, June 12, 2012

this video explains why Germany is propped up no matter what or how many people are still suffering under it's boot...

1 comment:

Anonymous said...

Merkel to urge extended moratorium on protectionism at G20. She adds that her country is in very good shape economically, and that structural reforms can have good results, but not overnight. Merkel says higher borowing not the answer to euro woes. Euro is a "promise for the future"; Germany in "solidarity" with Europe. Right for Spain to request recapitalisation of banks. Merkel wants shared liability and shared control, calls for more Europe. Says discussing eurobonds "takes us down the wrong path".

Merkel: "We must be prepared to give up national sovereignty to EU". Better EU banking supervision requires giving up more national supervision.

German official says downside risks rising in global economy. Germany to resist pressure for economic stimulus at G20.