“Of course, over the last couple of years we’ve had two bailouts of Greece, a bailout of Ireland, Portugal. We’re now on the verge of needing a bailout in Cyprus, but perhaps more significantly, a bailout in Spain.”
“For that to happen the Eurozone has to turn into a state, and a state that effectively has a Fed. Full Story/Source
“There is all sorts of twisting and turning going on with the Spanish saying, ‘Please save our banks, but don’t put us under the austerity measures that you’ve put the other countries under.’
If one looks globally, we’ve got people like David Cameron, and importantly, President Obama, who are basically saying, ‘The euro project must be saved. It must be saved at all costs.’ ....