Exclusive – EU calls emergency meeting as crisis stalks Italy
(Reuters) – European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region’s third largest economy.
European Central Bank President Jean-Claude Trichet will attend the meeting along with Jean-Claude Juncker, chairman of the region’s finance ministers, European Commission President Jose Manuel Barroso and Olli Rehn, the economic and monetary affairs commissioner, three official sources told Reuters.
Van Rompuy’s spokesman Dirk De Backer said: “It’s a coordination, not a crisis meeting.” He added that Italy would not be on the agenda and declined to say what would be discussed.
However, two official sources told Reuters that the situation in Italy would be discussed. The talks were organised after a sharp sell-off in Italian assets on Friday, which has increased fears that Italy, with the highest sovereign debt ratio relative to its economy in the euro zone after Greece, could be next to suffer in the crisis. A second international bailout of Greece will also be discussed, the sources said.
The European Union will become the largest debt holder of U.S. in the future.
Those that are manipulating not only the monetary supply of the world, they are also engaged in manipulating the people of this planet to covertly maneuver the New World Order into place so that they enslave all of mankind to be their worker bees in a world order of overseers that views mankind as slaves to the New World Order. This is Satan’s answer to making his twisted way work in a unified peace. But there will be no peace on any foundation other than that of Christ’s Jesus whom founded the world as Michael the firstborn Son of Yahweh, the ancient Israel Mother of all creation.
Isaiah 28:16 ‘Therefore the Lord GOD said: “Look, I have laid a stone in Zion, a tested stone, a precious cornerstone, a sure foundation; the one who believes will be unshakable.”
Revelation 17:8 “The beast that you saw was, and is not, and is about to come up from the abyss and go to destruction. Those who live on the earth whose names were not written in the book of life from the foundation of the world will be astounded when they see the beast that was, and is not, and will be present [again].”