Those who have been following Matt Taibbi and the whole Goldman Sachs banking fraud will not be surprised by this, but here the wonderful Ellen Brown spells it all out:
http://dandelionsalad.wordpress.com/2012/04/18/the-european-stabilization-mechanism-or-how-the-goldman-vampire-squid-just-captured-europe/
I cannot see her recommendations being taken up, as national Governments are either terminally weakened by 'debt', or full of GS cronies.
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