DEXIA: BANK OR BOARD GAME?

Batman and Robin (Merkel/Sarkozy) have had another weekend playing with their abacuses. This, presumably, has a lot to do with the collapse of Dexia Bank. Dexia has been over-exposed in the farcical attempt to shore up the Euro. How much more time and money needs to be wasted before the whole house comes tumbling down. Dexia is to be split up, giving the impression that the losses are not that great; this also acts as a sideshow for the greater woes confronting the ill-fated European project.

It is worth bearing in mind that the lack of financial/economic knowledge borne by both these national leaders is so obvious, as all they can see is a future giant European state. Which confirms the fact that the agenda is purely political. The regular meetings about the parlous state of the currency only goes to prove that fact. Otherwise we could have had a better result by now, instead of which, it is creating havoc in the world's finances.

Mitchell Feierstein's forthcoming book, regarding what he predicts to be the real credit crunch, could be definitive.


THE SUPPORTERS OF THE EUROPEAN PROJECT MUST BE HELD TO ACCOUNT.