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Poll shows strong support for reintroducing the D Mark in Germany

Every second German wants the D Mark to be reintroduced, according to a poll for Bild newspaper.

http://www.bild.de/BILD/politik/wirtschaft/2010/12/26/euro-umfrage-bild-exklusiv/deutsche-wollen-d-mark-wieder-haben.html

Two thirds or  67% of the Germans surveyed said they were worried about the stability of the euro.

A huge 77% said that had not benefitted from the introduction of the euro compared to only 17% who said they had.

Just 30% said they would today vote to

Polish prosecutors to publish own report on Smolensk plane crash that killed eurosceptic Polish central bank governor

It was one of the worst political tragedies in post-war Europe. The Polish central bank governor, the President and about 90 other top officials were killed in a plane crash in Smolenk on April 10^th.

In spite of the evidence indicating that the people were not killed as they travelled to a commemoration of the Katyn massacre in the way the official version states, there has been no proper investigation and there has also been almost no in-depth media coverage.

But today Polish prosecutors have said today that they plan to publish their own report on the Smolensk plane crash after the Russian report was found to be unacceptable.

Smolensk plane crash: Polish president’s remains may be exhumed

Posted Tue Dec 21, 2010 1:02am AEDT

Mr Kaczynski, his wife Maria and 94 other passengers died in the crash. (APTN: ABC News)

Jaroslaw Kaczynski, twin brother of Poland’s late president Lech Kaczynski who died in a plane crash in western Russia in April, expressed doubt as to whether his brother’s coffin contained the proper remains.

MERRY CHRISTMAS

It has been a turbulent year and one that also, at times, seemed to never end. For me, personally, it was perhaps the most surreal year of my entire life and I feel extremely lucky to still be in one piece and owe many people a great deal of thanks for all their help and support, especially in Switzerland and Ireland.

But Christmas has come around again, and the time has come to reflect on the bigger picture and also on the (pretty widely held) belief that our minds, hearts and spirits are joined to a greater force beyond us.

2011 will decide euro’s fate: Germany under pressure

As the current capital flight to Switzerland shows, the eurozone debt crisis has reached Germany, setting the stage for a turbulent year in 2011.

The German government will no longer be able to postpone key decisions about whether the eurozone should break up or not.

The Swiss franc surged this week to record levels against the euro as investors shunned the single currency. The interest rate that Germany has to pay on its national debt has also been rising since October in another signal that troubling even for the eurozone’s strongest economy is brewing.

‘Clinging to the Euro Will Only Prolong the Agony’ says top German economist

12/22/2010 01:07 PM

Top Economists Debate the Crisis

‘Clinging to the Euro Will Only Prolong the Agony’

Leading German economists Peter Bofinger and Stefan Homburg are split over the euro’s chances of survival. In a discussion moderated by SPIEGEL, they talked about the wisdom of introducing a euro bond and what would happen if Germany left the common currency.

Hungary to censor media: authoritarian regime is friendly to banks

Hungary’s new laws to crack down on the media underline the connection between a high debt economy run for the profit of the banks and the neeed for authoritarian governments to quell dissent.

Hungary’s right-wing government led by Fidesz has just seized significant private pension funds, an action that is set to increase the country’s overall debt, resulting in thumbs down from the markets and a debt downgrade to junk. 

http://abcnews.go.com/Business/wireStory?id=12465873

„Fitch said Hungary’s new Fidesz government, which won a two-thirds majority in elections earlier this year, has set out plans — particularly on pension reforms — that could worsen the underlying budget deficit by four percentage points over 2011/12.“

Fidesz is also locked in a show down with the Central Bank Governor Andras Simor over controlling inflation with government measures fuelling inflation, another wealth confiscation measure.

HOW TO SAVE EUROPE AND THE USA: PRINT MONEY LIKE THE ECONOMIC SUPERPOWER CHINA

China’s rise to economic superpower is largely due to the fact that it prints money without creating debt  as explained by Vienna Economics University Professor Franz Hörmann in an interview in Der Standard newspaper called “Banks create money out of air.”

The Chinese government creates money  without having to pay interest, and it also give loans to entrepreneurs without charging interest. As a result of using this money system, China has experienced phenomenal economic growth, rising standards of living and huge modernization programmes. Inflation can be easily controlled, as Hörmann explains, so that money creation need not mean a devaluation through inflation.

The USA and Europe could surely become economic superpowers just like China if they changed over to the same system of creating money. Right now, they are at a significant economic — and political — disadvantage.

China shows sudden wish to prop up doomed eurozone

China c.bank declines to comment on Portugal debt report

BEIJING Dec 22 (Reuters) – China’s central bank declined to comment on a newspaper report on Wednesday that it is ready to buy between 4-5 billion euros ($5.24 billion) of Portuguese sovereign bonds to help the debt-ridden country.

The Jornal de Negocios daily, without citing sources, reported that a deal reached between the two governments will lead to China’s buying of Portuguese debt in auctions or in the secondary markets during the first quarter of 2011. [ID:nLDE6BL0M3] ($1=.7634 Euro) (Reporting by Kevin Yao)

Read more at: http://www.reuters.com/article/idUSBJA00238220101222