Europe's Secret Committee To Save The Euro Is Made Public

On The Secret Committee To Save The Euro, A Dangerous Divide -- Wall Street Journal

BRUSSELS—Two months after Lehman Brothers collapsed in the fall of 2008, a small group of European leaders set up a secret task force—one so secret that they dubbed it "the group that doesn't exist."

Its mission: Devise a plan to head off a default by a country in the 16-nation euro zone.

When Greece ran into trouble a year later, the conclave, whose existence has never before been reported, had yet to agree on a strategy. In a prelude to a cantankerous public debate that would later delay Europe's response to the euro-zone debt crisis until the eleventh hour, the task force struggled to surmount broad disagreement over whether and how the euro zone should rescue one of its own. It never found the answer.

Read more ....

My Comment: I heard in 2009 from a friend at the Royal Bank of Canada that the EU had a committee to protect the Euro .... but I always assumed that they had reached some form of agreement to implement a plan if they had to. Hmmmm .... it appears that my assumption was/is wrong.

Check out the above video .... it is a very revealing insight into what is happening in Europe.