ooh, we have laws and representative democracy?

In their rush to find more public to give to insolvent German and French banks,
the ECB and the other oligarchies in Brussels forgot to consider the possiblity
that member countries of the Euro had a problem with bailouts.

As it stands , all this stuff is just a distraction to keep the public busy, when X factor is not on.

more soon

Austria Fails To Ratify EFSF Expansion, EURUSD Plunges
Submitted by Tyler Durden on 09/14/2011 10:22 -0400
Update: never a dull day as apparently there is a silver lining: from Reuters "Austrian finance minster says parliament only rejected changing the agenda; EFSF vote will be delayed with a special meeting to be called"
Yup, Europe is open, and the suiciding has started early.
* AUSTRIAN PARLIAMENT COMMITTEE DOESN'T APPROVE EFSF UPGRADE
* AUSTRIAN PARLIAMENT COMMITTEE NEEDED 2/3 MAJORITY
As a reminder all countries need to ratify the EFSF, even the weakest links, or else no bailout [STALLING TACTIC. NEVER PLANNED FOR THIS IN ANY TREATY]. As Peter Tchir reminds: "And Austria is AAA, it is needed for EFSF to get AAA on its size, would have to be cut back by about 15 billion EUR to still have AAA. Though I would guess this gives other countries the courage to say enough is enough."