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European Bank Union Will Fail
When it was suggested it was considered in the blazing battles of the bail-outs and the scraping of the bottom of the drawers for extra cash as the God-sent answer to all EU woes and worries. Suddenly, Eureka, and Angela Merkel jumped out of the bathtub and ran down the streets of Brussels starkers, as the leaders of Europe pledged to save the world. Or, at least to save their world. Sever all ties between the failed governments and the failed states of the Eurozone and the banks that were on their last legs too and create a banking union. But, unlike Archimedes’ sudden realization that his body underwent an upward ... (full story)