Full tongue-in-cheek verbal whipping here from James Kunstler.
The European Union came up with a trillion dollar bail-out for itself at the dawn’s early light. Plus, each member gets a Latvian prostitute, gratis. The Germans will love this. It already goosed the Euro back above $1.30 — just when they hoped a lower Euro would help them move a few more export goods off the shelves. I expect that Mrs Merkel is already catching an earful. A few hours earlier, her coalition of Christian Democrats and free Democrats got their joint ass kicked in a North Rhine – Westphalia local election….
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