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JANE BURGERMEISTER REPORT: ‘German government could fall over new euro bailout triggering “total euro crisis”, says CDU finance expert’

German government could fall over new euro bailout triggering “total euro crisis”, says CDU finance expert

Jane Burgermeister | May 12, 2011 at 6:44 pm | Categories: Uncategorized | URL: http://wp.me/puNtl-1e0

German CDU finance expert Frank Steffel has said that a failure to pass laws this summer allowing for bigger eurozone „bailouts“ for banks because of Bundestag backbench revolt could spell the end of Angela Merkel’s coalition government and „would cause an eruption in Europe.“

Steffel said that the failure to pass the legislation would trigger a „total euro crisis.“

In fact „total euro crisis“ is already here and that „crisis“ is set to get a lot, lot worse when German tax payers are confronted with the gigantic and growing bill for Greek, Irish and Portuguese public debt after the private creditors have looted these countries’ assets. Read more of this post

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May 12, 2011 - Posted by | Internationally significant information, Jane Burgermeister Report

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