SOME EU ECONOMIC NEWS AND CONCERNS+

BBC News - Brussels plans EU-wide banking union from 2013 http://bbc.in/LhyTsf -

"A single regulator to oversee banks across all 27 European Union states could be in place as early as 2013 according to the European Commission.

A controversial new bank bailout fund financed by a tax on financial institutions is also planned.
The proposal includes an EU-wide deposit guarantee scheme to protect savers in the event of a bank collapse."
The above seems to be a great way to consolidate economic power in the hands of the few oligarchs who already call most of the shots in the world. This New World Economic Order comes on the heels of a disaster that it created, perhaps for this very purpose.



BBC News - Spain and Italy borrowing costs rise http://www.bbc.co.uk/news/business-18405729

BBC News - India's industrial output grows less than forecast http://www.bbc.co.uk/news/business-18406544

BBC News - UK manufacturing output in surprise April fall http://www.bbc.co.uk/news/business-18407134

BBC News - Eurozone: No safe haven http://www.bbc.co.uk/news/business-your-money-18292739

WHAT DO THE FRENCH AND THE DUTCH KNOW THAT WE NEED TO KNOW?

French, Dutch Politics Rumble European Markets-NYTimes

"Europe’s financial markets showed the strain early Monday after a run of unsettling political news over the weekend from France and the Netherlands raised uncertainties over the commitment of core euro-zone countries to fiscal discipline as austerity policies are weighing on the region’s economies." (http://blogs.wsj.com/eurocrisis/2012/04/23/dutch-french-politics-rumble-european-markets/?mod=google_news_blog)

So what has happened? Basically, President Nicolas Sarkozy lost the first round voting to a socialist and in the Netherlands, budget talks concerning austerity measure collapsed. The French and Dutch are saying NO to austerity-job cuts, tax hikes and appeasing markets-and Yes to jobs and growth. A key quote from De Jager:

"For me it is important, as a message to financial markets, that no matter the circumstances, the Netherlands will continue to strive for budgetary discipline."

And then we have this morning's top Huffington Post story about Mitt Romney: 

MORE FOR WAR,
CUTS FOR THE POOR

 So do you see what's happening? Europe is discovering that "Market Appeasement" policies have been a disaster and a nightmare. Just nod if you can hear me!

HOW STUPID!

From the BBC:
"The Italian government's borrowing cost has risen as fears grow over political uncertainty in Rome.

The yield on Italian 10-year bonds rose from 6.37% to a euro-era high of 6.64%, before retreating to 6.53%.

It is feared that Italy, the eurozone's third biggest economy, could become the next victim of the debt crisis"

If you are having a minor problem paying your bills, and investors then UP your interest rate, won't you have a big problem?

Why are we letting investors control and dominate public policy? Isn't this what happened to the housing market. Loan at low rates to iffy customers and then raise interest rate later leading to foreclosure. These 'investors' are doing the same thing to nations. What is there real agenda? Why are they trying to force defaults and punishing the poor and working classes? Why are they 'nation busting?'