Thursday 30 August 2012

MARIO DRAGHI, IS HE NOW THE SAVIOUR OF THE EURO ?


Suddenly things are coming to a head in the "EUROZONE" !!!  Merkel wants to save the EURO and her favourite candidate, Draghi, has been installed as head of the ECB (European Central Bank).

It is my personal opinion that we have already seen the next scenario in this "tragedy" before !!!   Greece obtained "aid" more than once because Barroso, a former Portuguese Prime Minister, then as at present, was the President of the European Commission, and was more than convinced that the EU must save the EURO !!!  Shortly afterwards Portugal obtained "aid" !!!

Now Mario Draghi, an Italian has been installed as the President of the ECB (European Central Bank) of the "EU" to cover the defence of the "EURO" of the Eurozone which is being created !!!  Is there not a conflict of interests in his responsibilities ?  Italy has serious financial problems !!!

The problems are such that "Super" Mario, surnamed Monti, the Italian Prime Minister has asked for help from Angela Merkel to protect Italy from exhorbitant interest rates on financial markets !!! 

The situation is urgent and alarming !!!  Spain at present also needs much more help compared with their original request and subsequent "aid" !!!

Can anyone not understand that Germans are becoming worried about the future of the EURO ?  They urgently want to "turn off the tap" to save the EURO !!!  Merkel, on the other hand, knows full well that next year she faces elections and perhaps her "coalition" will not be able to sustain and support her efforts as at present !!!
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