IMF: EU DEAL CIRCUMVENTING THE EU TREATY WON'T SOLVE THE SOVEREIGN DEBT CRISIS

REUTERS:

An agreement reached by European countries for deeper economic integration was a step in the right direction but not a complete solution for the euro zone's debt crisis, International Monetary Fund (IMF) chief economist Olivier Blanchard said on Sunday.

AND THEY CAN'T USE ANY PART OF THE EU TO ENFORCE THIS SO-CALLED "INTER-GOVERNMENTAL DEAL", EITHER - THAT WOULD VIOLATE THE EU TREATY, TOO.

MORE HERE ABOUT THE EU'S ATTEMPT TO DEAL WITH THE SOVEREIGN DEBT CRISIS, AND HOW THE EU'S BANKS ARE IN BIG BIG TROUBLE.

IMHO:

IT'S TIME FOR EUROPEANS TO DIVERSIFY THEIR SAVINGS BY PUTTING SOME OF 10% INTO DOLLARS AND 10% INTO GOLD STOCKS AND 10% INTO SWISS FRANCS.

AND BUY A MONTH'S SUPPLY OF CANNED FOOD.