France and Italy may need a bail-out. “World leaders must draw up a ‘concerted global action plan’ to deal with the eurozone crisis at next week’s G20 summit as countries including Italy and France may need international assistance, Gordon Brown has warned … There is growing speculation that central banks, including the Bank of England and American Federal Reserve, are on standby to inject billions of pounds into the global economy if necessary on Monday.”
Why not another bailout? And make it bigger this time. The problem as Nigel Farage and Daniel Hannan point out in the videos below is that everybody is bust. Nobody is in a real position to help anybody else out. The bailouts aren’t real because the problem is simply being recirculated through an organism settling into toxic shock. Foreign Policy argues that there are twelve clear signs the world is on the brink of a “Europocalypse”.
Greece will continue to fester, but the real contagion will start in Spain. Fascism is on the rise again in Europe. And this time Germany is content to watch things burn.
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Fernandez: The Case of the Self-licking Ice Cream Cone,
