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For further elaboration, please see The Most Redeeming Feature of Capitalism is Failure . “OMTs will not lead to disguised financing of governments,†Draghi said
Today we learned from El Pais English edition that Brussels Revises Spain’s Deficit Upward to 9.4% of GDP The European Union’s statistics office, Eurostat, on Monday said it had revised Spain’s public deficit for last year upward from 8.5 percent of GDP to 9.4 percent to reflect state injections of capital into nationalized banks. That put Spain on a par with Greece and only behind Ireland, whose shortfall was 13.4 percent of GDP, in the EU
"Obama the Muslim:" Ploy to Cover-up Years of US-Al Qaeda Support US establishment admits arming Al Qaeda, but blames it on "Obama the Muslim."Â by Tony Cartalucci October 24, 2012 – Neo-Conservative Frank Gaffney thinks you are stupid. After plotting for the better part of a decade, arming Al Qaeda across the Arab World in a documented conspiracy to use the notorious terror group as a proxy against Lebanon, Syria, and Iran, Gaffney and his colleagues are attempting to jettison responsibility and all the blunders that have come with the plot, on US President Barack Obama. President Obama for his part, faithfully and knowingly carried out this strategy, "heeding" signed letters sent to him from Gaffney’s warmongering circle , imploring him to not only support terrorists in Libya and Syria , but to do so more overtly.
Read More: Is the Fed in Control? If So, Control of What?
Please consider Berlin and Paris Compromise on Bank Oversight . European leaders have reached agreement on the roadmap to a banking oversight regime in the euro zone. Following a public back-and-forth between German Chancellor Angela Merkel and French President François Hollande, the 27 European Union heads of state and government on Thursday night found a compromise at their two-day summit in Brussels.
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More: Sick of Romney & Obama? Breakout from Two-Party Captivity
As I noted a week ago in So Much For Today’s Surprising "Drop" In Weekly Jobless Claims; California Forgot to Report 30,000 Claims … I still think Friday’s jobs report will be revised away, but I am positive today’s "surprising" report will be (for the simple reason California forgot to report 30,000 claims)