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June 2nd, 2012 
FAKE NEWS for the Zionist agenda
Saturday, 02 June 2012 10:55
‘As Europe’s debt crisis intensifies, top officials say the continent urgently needs a central authority with the financial muscle to fix its broken banks.
The proposal could give immediate relief to Spain’s increasingly fragile economy, with its borrowing rates rising to unsustainable levels, rattling investors.
The European Commission called Wednesday for a “banking union” that can oversee and, if needed, bail out banks without having to go through national governments. It would have the power to force banks to heal their finances and also have access to a pool of money to rescue banks, lifting pressure off individual countries — like Spain — that are already strapped for cash.’
Read more: Europe Proposes Banking Union to Ease Debt Crisis
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