It is by no means certain whether the EU and the European Monetary Union will even be able to survive the currently detonating financial crisis. And there ought to be an investigation into whether the European Central Bank's incessant injections of liquidity into foundering Spanish banks—which German taxpayers, too, will ultimately have to foot the bill for—is consistent with the ECB's own statutes, which assert that it neither desires, nor is permitted to become a "lender of last resort."
http://www.larouchepub.com/hzl/2008/3533rus_enemy_partner.html
WASHINGTON DC- The Bush administration appears to have pulled off its latest military fiasco in the Caucasus. What was supposed to have been a swiftly and painless takeover of rebellious South Ossetia by America's favourite new ally, Georgia, has turned into a disaster that left Georgia battered, Russia enraged, and NATO badly demoralized. Not bad for two days work. http://www.ericmargolis.com/archives/2008/08/crisis_in_the_c.php
http://www.nytimes.com/2008/08/20/world/europe/20diplo.html?hp
