Saturday, May 8, 2010

Bailouts ILLEGAL Under EMU Charter!

Some interesting notes on the bailout situation in Greece. Apparently, it is against the EMU charter to bailout an EU member nation and it is ILLEGAL also to have the IMF bailout nations in the EU, too!

But, the main funder of the IMF is...THE USA!!! WE, yes, WE, will be bailing out Greece and other countries.

http://www.ecb.int/mopo/eaec/fiscal/html/index.en.html

http://www.feelingeurope.eu/Pages/Can%20EMU%20survive%20without%20closer%20integration.html

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