Action is needed
Credit markets are gumming up again, business and consumer confidence is falling off a cliff, and there is a growing sense of panic over Europe’s apparent inability to act. The damage caused by a rogue trader at the Swiss banking giant UBS (NYSEArca: DJCI - news) has added to the impression of a wholly dysfunctional, out-of-control financial system. yahoo/telegraph
Divide and Rescue
Chancellor Angela Merkel has always rejected a two-track Europe. But with the euro crisis persisting, Berlin is now considering far-reaching new powers for the Euro Group - to the detriment of the European Commission. spiegel
Note: there's no way with types like grecs and corrupts as the portuguese politicians, the "great" portuguese administrators, a huge slice of the portuguese lawyers & solicitors and some magistrates are. Have to choose between maniacs (like the Germans) or corrupts (like the Portuguese) is the main evidence of how patetic Europe is. Austrians are - perhaps - more maniacs than Germans? Perhaps...
But the question is: why the UE gave so many money for that "mediterranean" and "balcanic" countries, without a tight control? In fact it was a bit perverse because the UE knowed that even if the money w'd go trought the corrupt channels it w'd finish in european cars and european goods, wich did increase the German and French (the British in some way) industries. So German and France (England in some way) are responsibles for the "mediterranean" and "balcanic" caos, corruption and bankruptcy and should fix it.
(Even if the British are not europeans. They are... "liberals"... But still accountables.)
(Romanians, and some others, are corrupts, mafious and violents. Wich criteria has had the European Comission, and Mr. Barroso, to lead them inside the EU?)