Gerald Celente - Alex Jones Show 03 Nov 2011

Volcker Sees Euro ‘Disintegration’ Risk From Greece

By Simon Clark

May 14 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said he’s concerned that the euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members.

“You have the great problem of a potential disintegration of the euro,” Volcker, 82, said in a speech in London yesterday. “The essential element of discipline in economic policy and in fiscal policy that was hoped for” has “so far not been rewarded in some countries.”

European leaders pledged a rescue package of almost $1 trillion this week to counter a mounting debt crisis and restore confidence in the currency. Former U.S. Treasury Secretary John Snow said this week the euro may need a common fiscal policy to survive, a comment echoed by Norman Lamont, who was U.K. finance minister when Britain opted out from the euro in 1992.

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European Powerbrokers Present Proposal For New Economic And Political Order

Steve Watson
Prisonplanet.com
Thursday, May 13th, 2010

European nation states are literally signing over their economic independence to a vastly empowered centralized system under the threat of economic obliteration. For many years critics have warned that the EU has been slowly morphing into a federal superstate governed by unelected powerbrokers, who have increasingly sought to undermine the national sovereignty of member states. There can be no doubt that this latest proposal represents such a move.

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Webster Tarpley Predicts End of The EURO