Roger Wiegand: EU Bailout Just Delays Inevitable IBTimes
Of many years ago. He'd put together a collection of his favorite quotes, and that particular quote was among them. I thought it intriguing that the quotation came from someone with my surname, and it was a very interesting quote.TGR: Very interesting indeed, and it leads right into the second question: What do you think of Carl Wiegand's observation in light of the euro's troubles and what's happening in the European Union now?
RW: I think the statement was very appropriate for what's going on in Europe today. We've been doing a lot of writing on this lately, and based on latest information Germany has become the engine of Europe. Its share of the huge Euroland rescue package will come to between $154 billion and $185 billion in loan guarantees. It's going to be mostly German money and savings that was going to have to do it-their credit.
Chopper Ben (Federal Reserve Chairman Ben Bernanke), Timmy the G (Treasury Secretary Timothy F. Geithner) and the New York banksters turned up the heat and the German Parliament approved that ridiculous package in mid-May, contrary to Chancellor Angela Merkel's urging lawmakers to reject the whole deal. They think they can blunder through to help the euro. They cannot. Germany goes down with the rest. I think the German people are very angry about this. They don't want to be Europe's paymaster.
