Mish/ Mike Shedlock – EC President Van Rompuy Releases 7 Page PDF “Towards A Genuine Economic And Monetary Union”; Merkel Says “No Shared Total Liability As Long As I Live” – 26 June 2012

Inquiring minds are reading “Towards a Genuine Economic and Monetary Union” by the gang of four nannycrats: European commission president Herman Van Rompuy, ECB president Mario Draghi,  José Manuel Barroso of the European commission, and Jean-Claude Juncker, the leader of the 17-country eurogroup.

Don’t expect any details. There aren’t any. Instead the document consists of a wish list wrapped in a wordy package that says virtually nothing.

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Mish/ Mike Shedlock – G20 Summit In Flames Already As EC President Blames US For Financial Crisis In Europes – 19 June 2012

The G-20 summit is off to a great start if you like fireworks, endless bickering, and finger-pointing. Otherwise these summits are totally useless.

When asked by a Canadian journalist “Why should North Americans risk their assets to help Europe?” EC President José Barroso replied “Frankly, we are not here to receive lessons in terms of democracy or in terms of how to handle the economy.

Mish/ Mike Shedlock – “Dead Before Arrival”: Bundesbank Shoots Down EU Banking-Union Proposal; Eight Lessons The EU Needs To Learn – 13 June 2012

A group of eurozone Nannycrats has agreed to meet later this month to devise a master plan for a eurozone fiscal and banking union.

Here is a synopsis from my post on Sunday Details of the Secret “Nannyplan” Emerge; Proposed Nannygroup Uniforms

BBC News – EU Leaders In China For Debt Crisis Talks – 14 February 2012

(comment Lucas: What is this all about when Fulford says they will not get any money from the guys he is talking about in Asia, it this maybe disinformation or  is it that they are so desperate they have to ask China?)

China has indicated it is considering helping with an EU bail-out fund