“The Eurogroup held a teleconference this evening to take stock of the situation in Cyprus. The eurozone’s decision-making institution on the euro is an informal committee of finance ministers. The committee has no official name. It has no official power. It is not voted into office. In the Lisbon Treaty, which went into effect on January 1, 2009, this no-name informal committee at last got its legal status. This no-name Committee promised Cyprus banks $13 billion worth of euros over the weekend, on its own authority, and answerable to no one in any European parliament, including the European Union. This is called democracy in Europe.”
http://www.garynorth.com/public/10794.cfm
Related posts:
Jason King of Sean's Outpost on Bitcoin and Charity
Median CPI Up 0.1% in October
$9 Billion in Government Checks Result in Some Parents Keeping Their Children Dumb
Tangible Cryptography Raises $600k to Launch Bitcoin Sales Portal
Tech Innovation Outstrips Government Obstructionism
Cop Threatens, Acts Immature After being Caught Breaking Oath
Can You 3-D Print An Airplane?
The Gold Revolution
Americans Used to Tar-and-Feather Tax Collectors
NY Dad’s Pistol License Suspended Over A Comment His 10 Year Old Son Made
John Carmack: Armadillo Aerospace in “hibernation mode”
The $822,000-per-Year Bureaucrat and the Death of California
Trump Impeachment Begins (But Not For War Crimes Or JFK Cover-Up)
Medical marijuana appears headed for Arkansas ballot
Indoctrination Nation: Students Taking Oath To Constitution In Order To Graduate?