The bureaucrats are connecting the dots.
Straight from IMF's Lipsky last night:
?One of the ambiguities of the euro system was that they have a single monetary authority, a single currency but not a single fiscal authority or single government,? Lipsky said. ??Events have shown to make the euro viable this is going to be necessary.??
Translation: One currency = one government = loss of sovereignty
Will the Greeks, Portguguese, Spanish etc give up their sovereignty to the Germans and French?????
Consequence: The euro in its present form is doomed. Lipsky has given a green light to sell.
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The bureaucrats are connecting the dots.Straight from IMF's...
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Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
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