The whole of Democracy Forum has been taken down. Does anyone know what has happened? Is it sabotage? Has Anthony Butcher been rubbed out?
Re Euro matters it is reported that at the emergency EU summit of national leaders later this month the Germans will be ambushed into supporting a 'debt agency' to issue EU bonds so the PIGS will not suffer further market humiliation. The PIGS public finances are rapidly deteriorating, Ireland's deficit is now 12% of GDP and there are doubts Italy and Greece can roll over their maturing debt in a tightening credit market.
The German's are not happy as they don't want to bankroll the PIGS.
Sarkozy's 6.5 bn Euro bail out to French car companies must be spent in France. No nonsense about fair competition or free movement of capital troubles the Gauls. The Brussels competition police will examine the bail out but it is certain it will be waved through. Toujours le self - interest.