Seig Heil...yes, Merkel goes there:

[dixiegrrrrl]

Buried at the bottom of this story on EU Treaty issues is this very tipping of the hand bit:

Merkel has suggested she would like to see the EU have the right to interfere in national budgets in extreme cases where euro zone stability is put at risk. But Germany has stopped short of that in its proposals and asks rather for sanctions for those that breach deficit rules to be written into the treaty.

This would involve the right to challenge states at the European Court, to have their budgets declared void, without meddling further in the details.

Under the German proposals, the EU commission would also play a stronger role in monitoring budgets.

http://www.reuters.com/article/2011/11/13/us-germany-eu-charter-idUSTRE7AC0KM20111113

LOTS of people are not going to "get it", that Merkel is voicing the closing moves of the financial Grand Chessboard:
"What Merkel and the rest of Germany proposes is nothing less than the arrogation to themselves of the sovereign right of other nations"...says Denninger, and he is right..if a nation cannot control its budget, what is the point?

This loss of national sovereignty is what the people of Greece are rioting about.
And now the EU is talking more and more about the currency they have been movng towards, the Special Drawing Rights, the "One World" currency that people used to call a conspiracy theory.

[msongs]

1. here in Hawaii that is called APEC - except it is corporations taking away sovereign rights AND indi

vidual rights under a nation's constitution.

[RKP5637]

2. Each day IMO more and more conspiracy theories approach reality! n/t

[muriel_volestrangler]

3. The Greek people very much want to be part of a shared currency

Despite the unpopular austerity measures, Greeks are still hugely in favor of keeping the single currency, the surveys showed.

The Protothema poll by the Alco surveying group suggested that 78 percent of people wanted to keep the euro, with only 11 percent favoring a return to Greece's old currency, the drachma.

The Ethnos survey, conducted by Marc, showed an even greater proportion, 81 percent, in favor of keeping the euro.

http://www.b92.net/eng/news/region-article.php?yyyy=2011&mm=11&dd=06&nav_id=77204

How would you organise a bankruptcy of a country that insists on not having its own currency?

[Jack Rabbit]

4. Bankern, Bankern, über Alles . . .

(you know where this is going, don't you?)

[dixiegrrrrl]

5. read the book, saw the movie...........

[grasswire]

6. first rule

Don't get on the train.

Second rule: refuse showers.

[Owlet]

7. Nigel Farage for President!

oh..wait..he's a Brit. Damn.

http://www.youtube.com/watch?v=bdob6QRLRJU

[roamer65]

8. If I were British, I'd be goddamn happy I had the pound right now.

The Brits were damn smart to stay out of the ERM.