Saturday, December 18, 2010
The best laid plans sometimes don't work out. Elites worried attempt at global government not working...
IMF chief worried about Europe domino effect
The head of the International Monetary Fund said on Thursday he was worried that EU leaders' piecemeal approach to Europe's debt crisis was encouraging markets to pick off weak countries one by one.
Dominique Strauss-Kahn appeared to endorse the idea of common euro bonds, saying they could be a useful tool, but added the political will to give power to the center of Europe was the main hurdle to their creation.
"I am worried, and that's why I am urging the Europeans ... to provide a comprehensive solution because this piecemeal approach ... obviously doesn't work," Strauss-Kahn told Reuters. "The markets are just waiting for what's next."