Thought of the day

May 15 (Bloomberg) -- Chancellor Angela Merkel faces a gathering storm in her coalition over Germany’s share of euro- area rescues, threatening to undermine her ability to make concessions on additional help for Greece.

My guess is that Merkel wants to save the major German banks which are exposed to Greece, Portugal, Ireland, and Spain. As it happened here. And the people do not like the idea. It leads to more concentration of power. As it happened here.

Interesting, don't you think? It is the same game, played all over the planet. The ultimate objective is power and wealth.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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