Southern Europe’s debtor states must pledge their gold reserves and national treasure as collateral under a €2.3 trillion stabilisation plan gaining momentum in Germany.Read it at The Telegraph (UK)
Europe’s debtors must pawn their gold for Eurobond Redemption
by Ambrose Evans-Pritchard, International business editor
(h/t Roger Erickson via email)
Ann Pettifor's analogy with the Thirties seems right on.