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Finland prepares for break-up of eurozone

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Finland preparing for euro breakup

Finnish foreign minister says: ‘We have to face openly the possibility of a euro breakup’

From spiegel.de:

Finland’s foreign minister speaks openly about a possible fracture of the euro zone. Do want the government in Helsinki not. But there have been a contingency plan. The politician warns: “We must be prepared.”

London – Clear warning of the Finnish Foreign Minister: The Social Democrat Erkki Tuomioja in an interview openly spoken of the [...]

German Bailout Rebellion: “We Have Euro-Anarchy”

Wolf Richter www.testosteronepit.com

For German Chancellor Angela Merkel and her ilk, it’s going to be a steamy August and an even steamier September and October with political battles left and right, to be fought mano a mano, as the Eurozone debt crisis and the growing bailout rebellion in Germany are migrating from parliamentary discussions, closed-door meetings, and shaky EU summit deals—21 of them so far—to electoral politics. Voters may finally have a say.

She [...]

Who has the gold makes the rules! BREAKING: Germany wants all of Europe’s gold as collateral for bailing out counters such as Spain, Italy , Portugal with Eurobonds

Southern Europe’s debtor states must pledge their gold reserves and national treasure as collateral under a €2.3 trillion stabilisation plan gaining momentum in Germany.

The German scheme — known as the European Redemption Pact — offers a form of “Eurobonds Lite” that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option [...]

Merkel ally says Islam not part of Germany

* Remarks start controversy at conference on Islam

* Row already brewing over Salafists handing out Koran

* Germany home to 4 million Muslims (Adds reaction, statement, background)

By Madeline Chambers

BERLIN, April 19 (Reuters) – A leading conservative politician said on Thursday that Islam did not belong in Germany, fuelling tension at a conference on integrating Muslims that also debated a controversial Salafist campaign to hand out copies of the Koran across the [...]

Loonie support grows in Iceland as 70% back adopting Canadian currency

Iceland appears to be increasingly open to adopting the Canadian dollar as its official currency, with Prime Minister Johanna Sigurdardottir warning over the weekend that the country’s own extremely volatile currency system “can’t remain unchanged.”

“The choice is between surrendering the sovereignty of Iceland in monetary policy by unilaterally adopting the currency of another country, or become a member of the EU,” Ms. Sigurdardottir said in a speech delivered at a [...]

“German Chancellor Angela Merkel’s coalition is set to lose the key state of Baden-Wuerttemberg after six decades in power, exit polls suggest.”

Green party supporters celebrate exit polls in Stuttgart

via BBC:

German Chancellor Angela Merkel’s Christian Democrats have lost the key state of Baden-Wuerttemberg after six decades, preliminary results show.

The results gave the Greens 24.2% and their Social Democrat allies 23.1%, with Mrs Merkel’s party on 39% and its Free Democrat (FDP) allies on 5.3%.

Nuclear power, following the accident in Japan, was a key issue.

The vote in [...]

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