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View original post here: Battle Between Germany and France Over Spain Bailout Application; Numerous EU Ministers At Odds Over Banking…
Continue reading here: Austria Central Bank, Germany Place Conditions on Spain Bailout and Bond Purchases
View article: House Approves Sweeping, Warrantless Electronic Spy Powers; "The Program"; Are Your Emails Being Monitored? Mine Likely Are
Very complex and sometimes contradictory laws High level of corruption within public administration and politics Article 18, a section of the Workers Statute makes layoffs for economic reasons very, very difficult and it is applicable to companies that have 15 or more employees. This is a major reason why Italian companies have so few employees. The other one is that Italian company are mainly family run
Panic! In my previous post Desperation Bazooka Tactics; Gold Soars Following Huge Headfake , I mentioned " This seems like desperation bazooka tactics.
For further discussion, please see Target2 and the ELA (Emergency Liquidity Assistance) program; Reader From Europe Asks "Can You Please Explain Target2?" Moreover, the recently hatched OMT plan of Mario Draghi in and of itself has potential unlimited liability in that it allows unlimited purchases of sovereign bonds for which Germany and other countries are responsible for their share of the pie in accordance with percentages noted in the above link. Finally, please note that 37,000 people signed a petition against this deal, and polls show it likely would not have passed if put to a vote.
Read more here: Plenty of Jobs if You are "King of the Road"
Read this article: No One Happy Except Stock Market; Discord Emerges in Spain, Italy, Germany to ECB Announcement
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