There is something new in here but they are still playing the 3 monkeys. Just admit that the king is naked and we can start correcting things from the base. Anyone believes Italy, Greece etc.. can pay their debts? I know from Greek friends that middle class is already feeling the burden of high taxes. Any more austerity won't be possible in foreseeable future. Also that only makes big money move to lower tax jurisdictions. Why the hell we have all those tax havens? The US is putting sanctions on anywhere it likes but not to those tax havens? Europeans are also blind about them!! Start from this holes in the global system and you can create something.

We need to decide, we want unions , a global system etc.. Then we need to take them as a whole. Euro without stronger financial connections will only bring some countries down. Europeans need to compete with the world and also they need to compete within themselves as long as there is Euro.

There are so many problems which needs a global vision but we are not sure we want it or not. Global conglomerates want it and they design it as they like but it doesn't work for countries , it doesn't work normal people.

Instead of closing down tax haevens, what about closing down tax hell holes?