"No to the 2nd Versailles Debt Diktat! A system based on banking separation and a new DM now!" is the headline on a June 29 article by Helga Zepp-LaRouche on the homepage of the Bürgerrechtsbewegung Solidarität (BüSo) website. The article, whose full text will be made available in English shortly, begins as follows:
"If the capitulation of German Federal Chancellor Merkel at the EU Summit and her consent remains, that the ESM in the future assumes the direct recapitalization of the European banks, and that Italy and Spain, and to be sure soon additional states can utilize EU funds, then this will prove to be a fatal error, which will lead the entirety of European Civilization into catastrophe. In light of the state of the transatlantic banking system, this means nothing less than a new edition of the Treaty of Versailles, in which Germany is to pay for the debts of foreign banks and speculators. The result threatens to be the same in the short term as in 1923: hyperinflation — but this time not in one country, but rather in all of Europe and in the U.S.A."
The original German can be found here.
Tune in to LaRouchePAC.com, Sunday, July 8th at 11 a.m EDT for a live international webcast featuring Helga Zepp-LaRouche and Jacques Cheminade, "A Global Economic Miracle or Collapse of Civilization"