From one caravanserai to another
à 17:28:02, 31.10.2011
October 30, 2011 8:31 P.M | by JACQUES ATTALIAfter the last summit of the European Union, which was a disaster forindebted countries, here comes the G20 summit, which seems to be not better.Indeed the decisions of this disastrous European summit mean increasing thedebt of all the European countries, by the guarantees that they must nowgive to one another, to submit them to the diktat of one of the Membercountries, (hardly less indebted than the others) and to prompt banks toreduce their credits to rebuild their capital positions, which will leadinevitably to a recession, reducing fiscal revenues, worsening the publicdebt and weakening the banks even further; until the next crisis.The next G20 summit, which you all know how important I consider the issue,will be the opportunity for all non-European countries to make it look likeall their problems were coming from Europe. [...]
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