EU Proposes Bank Union to Ease Burden

Struggling euro zone countries seeking future aid from the region's rescue fund to prevent their banks collapsing will have to share the cost burden, according to a draft euro zone proposal seen by the ...

LONDON (Reuters) - Struggling euro zone countries seeking future aid from the region's rescue fund to prevent their banks collapsing will have to share the cost burden, according to a draft euro zone proposal seen by the Financial Times.

With every passing day, there is increased chipping away of support for the Euro. Please consider Linde CEO says Germany should mull euro exit Germany should consider leaving the euro if efforts to impose fiscal discipline upon indebted euro zone countries fail, the head of industrial gases firm Linde told German weekly paper Der Spiegel.

The debate rages... Soros: "The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the monetary union, yet debtors are subjected to policies that deepen their depression, aggravate their debt burden, and perpetuate their subordinate position. As a result, the crisis is now threatening to destroy the EU itself.

Billionaire financier and legendary speculator George Soros gave a speech Tuesday at the Global Economic Symposium in Kiel, Germany, titled “The Future of Europe.” In the speech, Soros declared the euro crisis over:

If this article goes viral around the web, I wouldn't be surprised if the euro tanks and several European sovereign states' spreads blow out. I have busted several of them in another of a long series of "creative" economic forecasting schemes to fudge the appearance of "austerity".