Access Investments-European Union- ROMANIA

The Telegraph  : - commentator Jeremy Warner is in Washington DC and points out the appropriate nature of Christine Lagarde's latest accessory - a crutch.....Christine Lagarde calls on all IMF member states to "finish the job" and pledge more cash to tackle the euro zone crisis, saying that bailout funds be sent directly to banks rather than struggling countries....Ms Lagarde is seeking donations to boost a firewall to protect the euro zone, but she faces an uphill task and there's no certainty such protection will even work, Jeremy writes. ----  There always seems to be some kind of accoutrements on hand when Christine Lagarde, the International Monetary Fund's managing director, makes her public appearances. In Davos this year, she'd brought her "little bag" to collect money for euro zone bailouts. For this week's spring meeting of the IMF in Washington DC, she's brought a crutch. This time it's not deliberate. She's recently undergone a knee operation. Yet it seems no less appropriate. The world economy is on crutches too....In requesting additional funds, Madame Lagarde has stressed again today that no country has ever lost money lending to the IMF. This is of course true, but then there is always a first time, and the eurozone crisis, an advanced economy fiscal meltdown quite without precedent in the IMF's 67 year history, may well be it. The amounts at stake are also much larger than ever before, and the possibility of an eventual break-up of Europe's monetary union make the risks much higher......I wonder if bailing out countries and bailing out banks is really the same thing? If major banks go under, that would represent 2 to 3 times the economy of most Eurozone nations and the countries would go down as well. Also, banks are required to buy their own countries bonds, so it so intertwined as to be virtually the same thing....In Europe Banks Are the States....The whole charade will keep going on untill there are gullible people out there ready to pour money into the EU.