Wednesday, December 12, 2012

Merkel Downplays Euro Summit

Another week another European summit to, allegedly, save the Eurozone etc.

This summit (scheduled for Thursday and Friday), as with all the others, has no chance of success. Indeed even Angela Merkel realises it is a waste of time, as she has warned members of her Christian Democrat party that the' summit is unlikely to result in an agreement on deepening economic and monetary union in the Eurozone.

The only purpose, and tangible outcome, of these summits is to provide a recurring source of revenue for the catering companies.

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