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BREAKING: Italy at Breaking Point, Merkel Calls for 'New Europe'!
11-09-2011, 10:45 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
Quote:Italian 10-year bond yields shot above the 7 percent level that is widely deemed unsustainable, reflecting investors' concerns that they may not get their money back and prompting German Chancellor Angela Merkel to issue a call to arms.

Merkel said Europe's plight was now so "unpleasant'' that deep structural reforms were needed quickly, warning the rest of the world would not wait.

"That will mean more Europe, not less Europe,'' she told a conference in Berlin.

"This will unravel everything our forebears have painstakingly built up and repudiate all that they stood for in the past sixty years," one EU diplomat told Reuters. "This is not about a two-speed Europe, we already have that. This will redraw the map geopolitically and give rise to new tensions. It could truly be the end of Europe as we know it."
Read more: http://www.cnbc.com/id/45225209

Also zerohedge is reporting:
Quote:"German and French officials have discussed plans for a radical overhaul of the European Union that would involve establishing a more integrated and potentially smaller euro zone, EU sources say.

damned.gif Ok, watch the markets tomorrow.




wonder.gif
11-09-2011, 10:55 PM #2
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
Yeah I know nwo and all but that avatar makes me chuckle chuckle.gif
11-10-2011, 01:02 AM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
chuckle.gif

beerbong.gif
11-10-2011, 04:36 AM #4
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
chuckle.gif I think I'm freefalling



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