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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: regli who wrote (30522)7/29/2005 8:25:41 AM
From: Chip McVickar  Read Replies (1) of 116555
 
regli,

It's all about transfering wealth and power to an elite group.
It is not about creating self-sustaining economies or peaceful communities.

Italy's Berlusconi Calls Euro a `Disaster', `Ripoff'

July 28 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said the euro has been a ``ripoff' for consumers, sharpening his criticism of European policymakers after his economy fell into recession.

``With this euro it's a disaster,' he said today at a national conference of his Forza Italia party in Rome. Berlusconi has also called on the European Central Bank to cut interest rates, saying on May 7 ``the ECB needs to wake up.'

bloomberg.com
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