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Europe's Banking Union 'Non-Solution'

Tyler Durden's picture


While not quite Biderman-rant-worthy, Stratfor's more-attractive-than-Charles Kristen Cooper provides a brief and clear explanation, in this clip, of why the creation of a European banking union, which seems to be the cure-du-jour, will do little to help the eurozone's ongoing crisis in the short-term. The degree of political integration required in order to agree on such a solution will take years to conclude in her opinion with the various constituencies all with different levels of urgency and time-horizon. The sad truth is that while focusing on yet another grand plan will make the leaders of Europe appear as though they are doing 'something' (to themselves and others), a banking union in and of itself does little to solve the raging unemployment and more specifically the distrust of Spanish banks. The idea of a banking union is not new (where Berlin would share liabilities for deposits held by Spanish banks, for example, and in return would enable an integrate supervisor of the financial sector - some sovereignty give-ups), but as Kristen concludes: "How long can the eurozone's political elite focus on long-term solutions concerned with sovereign debt and banking bailouts before a genuine social crisis emerges."

In a little under 4 minutes Cooper provides everything you need to know about the 'possibilities' of the Banking union - and its clear non-panacea - but were afraid to ask.

Beware the distraction of this topic by the propoganda-mongerers - as Stratfor quite clearly demonstrate, this is not a solution.


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Thu, 06/07/2012 - 17:40 | 2505446 Whoa Black Barry
Whoa Black Barry's picture

Kinda cute, but can she cook?

Thu, 06/07/2012 - 17:44 | 2505457 B-rock
B-rock's picture

Who cares? I'll cook.

Thu, 06/07/2012 - 17:54 | 2505484 ihedgemyhedges
ihedgemyhedges's picture

She's no Lauren Lyster, but she'd do in a tonite, since I'm married, so every night I'm in a pinch...........

Thu, 06/07/2012 - 17:58 | 2505493 HD
HD's picture

The show opening always makes me laugh - they use every opportunity to show her pushing out her chest and flashing her legs...not that I'm complaining mind you.

Thu, 06/07/2012 - 18:01 | 2505494 1100-TACTICAL-12
1100-TACTICAL-12's picture

To damn skinny for me . A little olive Oilsh... JMHO.

did not mean  to bold that. no emphisis intended. Who took speelcheck off.Foot in mouth , oh well back to the whiskey.

Thu, 06/07/2012 - 18:14 | 2505534 eurusdog
eurusdog's picture

As well, she's just reading! You can tell she isn't quite as well read as she should be from her pronunciation of the word "respite". Oh Well, None of you will be asking her read for you I am sure!

Thu, 06/07/2012 - 19:41 | 2505707 lewy14
lewy14's picture

Peppermint Pattie. Grown up, scrubbed up, a few hours after her last bonghit.

Thu, 06/07/2012 - 18:21 | 2505553 dark pools of soros
dark pools of soros's picture

she looks like she is off her coke high and gotta trudge through the dayjob but soon will be partying all night again..  she's a rager

Thu, 06/07/2012 - 19:50 | 2505723 The Alarmist
The Alarmist's picture

Are we talking Lyster or Cooke?

Lyster is good, but Minkovski is more appealing, though the chunky rings suggest she plays for the other team.

Thu, 06/07/2012 - 20:41 | 2505844 dark pools of soros
dark pools of soros's picture

Lyster is a goddess..  I was just saying this chick since she sounded spent from a late night

Thu, 06/07/2012 - 18:29 | 2505571 world_debt_slave
world_debt_slave's picture

Lyster has the quirkiest smirk on her face at times.

Thu, 06/07/2012 - 19:21 | 2505606 The Big Ching-aso
The Big Ching-aso's picture



I think U guys are suffering from internet priapism lasting longer than 4 minutes.

Fri, 06/08/2012 - 03:13 | 2506432 A Nanny Moose
A Nanny Moose's picture

The best cure for ED is a hot piece of T&A

Fri, 06/08/2012 - 03:14 | 2506433 A Nanny Moose
A Nanny Moose's picture

dupe. deleted.

Fri, 06/08/2012 - 03:10 | 2506430 A Nanny Moose
A Nanny Moose's picture

....and she's a ginger.

Thu, 06/07/2012 - 19:01 | 2505637 rebelscum1967
rebelscum1967's picture

The Godess L.L. has no equals. But this one is a cutie pah-tootie indeed. 

Thu, 06/07/2012 - 17:58 | 2505492 Aziz
Aziz's picture

Did Tyler just hit on Kristen??

Thu, 06/07/2012 - 21:15 | 2505888 dark pools of soros
dark pools of soros's picture

yup Tyler gonna grab a money honey and retire

Thu, 06/07/2012 - 18:16 | 2505540 spekulatn
spekulatn's picture

Green up arrow for the name.

Thu, 06/07/2012 - 18:22 | 2505545 Banksters
Banksters's picture

All American hippo women should look up to her.

Thu, 06/07/2012 - 18:33 | 2505584 Rainman
Rainman's picture

" Moochell doesn't like fat people and doesn't want them waddling around the White House."...Oprah Winfrey

Thu, 06/07/2012 - 18:48 | 2505613 razorthin
razorthin's picture

She looks a little too much like my niece.  I feel dirty.

Thu, 06/07/2012 - 17:46 | 2505449 gojam
gojam's picture

Is 'cure-de-jour' copyrighted ? If not Tres Bien, (as in 'Jacques et le Bien Stalk')

Thu, 06/07/2012 - 17:43 | 2505455 q99x2
q99x2's picture

Put her in front of Biderman's telephone pole and you got a movie.

Thu, 06/07/2012 - 17:45 | 2505465 Ratscam
Ratscam's picture

put her in front of Ben Shalom Bernanke and you will get QE3, at least in other forms.

Thu, 06/07/2012 - 18:11 | 2505529 BandGap
BandGap's picture

This woman is not physically attractive. She's not ugly but she is nothing to rewind and rewatch.

And saying Spain has "banking problems" is like saying Charlie Sheen has "substance problems".

Thu, 06/07/2012 - 18:22 | 2505555 robertocarlos
robertocarlos's picture

I think Charlie said that King dollar was going to win the war.

Thu, 06/07/2012 - 18:24 | 2505557 Infinite QE
Infinite QE's picture

Definitely needs to wash her hair. Not a good sign for what may lie below......



Thu, 06/07/2012 - 19:38 | 2505701 world_debt_slave
world_debt_slave's picture

Don't tell us you go hairless muff diving

Thu, 06/07/2012 - 20:20 | 2505802 nodhannum
nodhannum's picture

Dave's Dive muff to tuff...we dive at five!  When I get my tool kit out they either giggle or run...Beard/sideburn trimmer for the rough work followed by the Panasonic ES-LA63...and finally the Seiko ES1080 Rotary for the fine work.  Munching is NOT a city in china!

Thu, 06/07/2012 - 18:27 | 2505565 Jake88
Jake88's picture

what the hell do you know about attractive.  YOU KNOW NOTHING!

Fri, 06/08/2012 - 01:05 | 2506318 tenpanhandle
tenpanhandle's picture

yer the one with the bag on yer head...oh wait a minute...

Thu, 06/07/2012 - 17:44 | 2505459 Let The Wurlitz...
Let The Wurlitzer Play's picture

I wonder what she thinks of additional stimulus?


Thu, 06/07/2012 - 18:01 | 2505505 Infinite QE
Infinite QE's picture

Battery powered or natural?

Thu, 06/07/2012 - 18:44 | 2505602 stocktivity
stocktivity's picture

I'd bet she loves hard assets

Thu, 06/07/2012 - 17:45 | 2505463 SokPOTUS
SokPOTUS's picture

Definitely hotter than the 'Meh' girl / (guy?)

Thu, 06/07/2012 - 17:55 | 2505486 emersonreturn
emersonreturn's picture

sokPOTUS, you gotta love those briefs...

Thu, 06/07/2012 - 21:29 | 2505902 dogbreath
dogbreath's picture

the adams apple is a turn off

Fri, 06/08/2012 - 00:09 | 2506236 mcguire
mcguire's picture

the 'meh' model is definately a guy.. 

Thu, 06/07/2012 - 17:46 | 2505467 Zero Govt
Zero Govt's picture

"The Plan" is to throw money at it those financial wizards at Davos 2008, 2009, 2010 and 2011 concluded

i'm biting my fingernails at what innovation they'll come up with at Davos 2012, no idea!!

and Plan B is Geithner and Krugman doing world tours (to anyone who'll listen) entitled "Throw Even More Money At It"

you too can be a financial genius, just get a credit card, go on a spending orgy with no plan to ever repay it ...your PhD is in the post

Thu, 06/07/2012 - 17:47 | 2505471 chynewalker
chynewalker's picture


Thu, 06/07/2012 - 17:48 | 2505473 q99x2
q99x2's picture

So they want to make the EU like US. They should institutionalize the banksters.

Thu, 06/07/2012 - 18:08 | 2505519 Bunga Bunga
Bunga Bunga's picture

Yes, obesity is already on the rise in the EU.

Thu, 06/07/2012 - 17:52 | 2505479 SemperFord
SemperFord's picture

Intelligent women who take care of there body just like their mind always go up one notch on my count, besides, they can always learn to cook!


Edit: was replying to the first post...

Thu, 06/07/2012 - 18:00 | 2505499 Cathartes Aura
Cathartes Aura's picture

*oh snap*

that's a base critieria applied to measuring up the man too - the cooking is a bonus, & compliments my love of gardening and chicken care. . .

but intelligence and the ability to think outside the boxes, coupled with respect for one's body, that's priceless.

Thu, 06/07/2012 - 19:16 | 2505624 SemperFord
SemperFord's picture

Agreed, nothing like popping a bottle of wine, some nice R&B or Classical music(or whatever floats your boat) playing in the background and cooking with your woman!

Thu, 06/07/2012 - 17:58 | 2505483 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Ban < ia

Thu, 06/07/2012 - 17:59 | 2505496 monopoly
monopoly's picture

That was an excellent synopsis of where we are. She is one sharp lady, well spoken, makes her point, and makes the entire process easy to understand for the "brilliant ones". Kudos Zero Hedge. Well done.

Thu, 06/07/2012 - 18:01 | 2505501 Banksters
Banksters's picture

We are experiencing nothing short of a coup by the bankers.   Very few have been held accountable and more power has been consolidated as a result of this crisis.   My solution is not violent revolt but simple non participation.   Nothing will cause the machine to grind to a halt more effectively than people moving to cash transactions.

Thu, 06/07/2012 - 18:05 | 2505507 virgilcaine
virgilcaine's picture

This is a form of Euro bonds no?  Merkel won't have it.  Why even call it the Eu anymore since Germany is left holding the bag? They are he..lbent on keeping the charade as long as possible incredible really.

Thu, 06/07/2012 - 18:03 | 2505512 D-liverSil-ver
D-liverSil-ver's picture

Well spoken... but has shampoo gotten "that" expensive?

Fri, 06/08/2012 - 01:06 | 2506322 Count Manzeppi
Count Manzeppi's picture

Some of us still like those (hot) earth-momma's...


Thu, 06/07/2012 - 18:15 | 2505535 RobotTrader
RobotTrader's picture

$2,000 Gold = Dow 16,000

Dow 16,000 = $2,000 Gold

Anybody expecting a crash in stocks and a parabolic rise in gold is dreaming.

Thu, 06/07/2012 - 18:58 | 2505634 centerline
centerline's picture

Is this really the elusive RobotTrader?  If so, nice to see you around again.

Thu, 06/07/2012 - 19:27 | 2505673 MeelionDollerBogus
MeelionDollerBogus's picture

that was wrong last time - - why do you expect this time to be different? Gold slammed up to 1900 from 1525 while Dow slammed down to 10,810 from 12,740 -

in other words, gold did precisely what you say it shouldn't and Dow did precisely what you said it shouldn't.

This time would be no different. Slam on the brakes to any QE and watch stocks plummet, Dow into the toilet while gold goes above 2k.

This is no dream, this is deja-vu.

Thu, 06/07/2012 - 20:18 | 2505793 ZeroSpread
ZeroSpread's picture


why don't you call Stratfor and offer them to do their next "reading" to us?

We might get to see the real you .. though I'm kinda in doubt you'll look like your pic.



Thu, 06/07/2012 - 21:14 | 2505885 Hulk
Hulk's picture

you obviously missed last Friday. Expect more of that with greater spreads...

Thu, 06/07/2012 - 18:24 | 2505558 Jake88
Jake88's picture

i think i'm in love.

Thu, 06/07/2012 - 18:26 | 2505561 lemonobrien
lemonobrien's picture

i say, let it burn, and when they beg to suck thy dick, save them from the cock, providing one world banking/currency to rule them all; then have them return to thy dick.


money for nothing and chicks for free.

Thu, 06/07/2012 - 18:45 | 2505605 JR
JR's picture

The interviewer may or may not be beautiful depending on your perspective. But one thing is certain. Stratfor’s reputation for accuracy and independence is mighty ugly. And for Zero Hedge to use this discredited source for information doesn’t enhance its image either.

Thu, 06/07/2012 - 18:51 | 2505615 bugs_
bugs_'s picture

kill the messengers!

Thu, 06/07/2012 - 19:15 | 2505654 JR
JR's picture

Stratfor is more than a messenger; he’s a message. And for our Republic it is a dangerous message.

It was George Friedman (Stratfor) in 2010 who called for Obama to bomb Iran before the 2012 election, as a winning re-election strategy.

George Friedman is a front for the pro-war, pro-US-Empire, pro-Israel oligarchs

Thu, 06/07/2012 - 20:17 | 2505790 Optimusprime
Optimusprime's picture

Damn straight.  Keep the eye on the ball!

Thu, 06/07/2012 - 18:51 | 2505616 Henry Hub
Henry Hub's picture

Smart babes with big doe eyes turn me on!

Thu, 06/07/2012 - 19:28 | 2505677 Rainman
Rainman's picture to the gender equality camp with ya.....lust for the message, not the messenger.

Thu, 06/07/2012 - 18:55 | 2505625 Goldtoothchimp09
Goldtoothchimp09's picture

I think she is an over-tall grey

Thu, 06/07/2012 - 18:57 | 2505630 NotApplicable
NotApplicable's picture

I LOLed.

Thu, 06/07/2012 - 19:29 | 2505676 Freewheelin Franklin
Freewheelin Franklin's picture

Aw, man. I was getting into her looks and intelligence. Then all of a sudden, BAM, Merkel appears on the screen.






That was a dirty trick.

Thu, 06/07/2012 - 19:39 | 2505704 world_debt_slave
world_debt_slave's picture

perfect girl, flat head to set your can of beer on and turns into a six pack of beer and a pizza at midnight

Thu, 06/07/2012 - 19:52 | 2505711 rtalcott
rtalcott's picture

I had to stop it after less than 30 seconds...she is defintely reading and may have no clue wtf she is talking aboo...Lauren L. typically has a set of notes but she is clearly not reading...they are notes..a list  of topics to be discussed or maybe data...this is what I wouldexpect from Stratfor...


Thu, 06/07/2012 - 19:54 | 2505729 The Alarmist
The Alarmist's picture

Lauren is generally easy on the eyes, but she needs to learn to stop waving her arms so much.  She's like a model at an Automobile expo who, although finally given the chance to speak, still has not learned to stop the exaggerated gestures she has been taught to frame the latest model.

Thu, 06/07/2012 - 20:19 | 2505796 Optimusprime
Optimusprime's picture

Nonsense.  The gestures are not something she has been "taught".  They come naturally to some, including some of the most interesting...

Thu, 06/07/2012 - 20:10 | 2505752 buzzardsluck
buzzardsluck's picture

ok, I'll be the first...


Funny looking kitchen she is in there...


p.s. I'm sure she cumcluded much

Thu, 06/07/2012 - 20:08 | 2505766 Nobody For President
Nobody For President's picture

Interesting. All this talk about the messenger, and very little about the message, which, even if from Statfor, was IMNSHO right on. A EU bank union seems much akin to that pot at the end of the rainbow, and Bankia obviously can't wait. Another non-solution to tide us over to the big summit later this month. Sheesh.

And the newscaster needs to do something with her hair.

Thu, 06/07/2012 - 20:20 | 2505800 tongue.stan
tongue.stan's picture

Her eyes seem to say "OK, I'll do anything you want. Anything." So she's got that goin' for her.


As for the message, no one can seem to explain why this is being dragged out for so long, and why if so many parties to the fiatsco want a solution, then why isn't there one. The clusterfuck gets more clustered, someones making a shitload of money off the chaos, while everyones stands around wondering wtf.

Thu, 06/07/2012 - 20:22 | 2505806 francis_sawyer
francis_sawyer's picture


Thu, 06/07/2012 - 20:33 | 2505827 gwar5
gwar5's picture

She'll do nicely

Thu, 06/07/2012 - 21:08 | 2505875 MaxMax
MaxMax's picture

She has zits on her chin.  Don't they have a makeup person?  She can't part her hair straight?  When was the last time she washed her hair?  Put on some lipstick!  And what is reading with off the teleprompter?  With a little bit of work, she could look way better.  Just sayin.  There is casual and there is ...

Thu, 06/07/2012 - 21:39 | 2505922 ThisIsBob
ThisIsBob's picture

I think she is probably very gib, dirty too.

Thu, 06/07/2012 - 21:46 | 2505941 world_debt_slave
world_debt_slave's picture

meh, I like reality more than photoshop

Thu, 06/07/2012 - 22:11 | 2505993 Jena
Jena's picture

Okay, I thought this was total bullshit when I read the article but after hanging out and reading the comments some of you have me wondering?

Thu, 06/07/2012 - 22:12 | 2505997 Jena
Jena's picture

P.S.  Junk away.

Fri, 06/08/2012 - 13:14 | 2507816 TacticalZen
TacticalZen's picture

In my 35 years of sales experience, I yearn to run a sales group comprised of only attractive females selling to primarily male audiences. We'll crush the competition. Facts pale next to physical beauty. In fairness, the reverse is true for female audiences, though less so. Horn Dog = 1, Logic = 0

Thu, 06/07/2012 - 23:16 | 2506133 TNTARG
TNTARG's picture

I would say this Euro-Dollar finantial crisis is causing thinking restraints. Not only Barroso, Van Rompuy and friends look very insane to me but some of the ZH posters also.

Too much adrenaline?


As for the Eurozone èlite...  Let's sold them up as derivates if we can find a buyer.

Fri, 06/08/2012 - 00:39 | 2506280 Dick Darlington
Dick Darlington's picture

During the last few weeks there's been probably a dozen different "unions" the €-fanatics have proposed "we" shud have. In the name of "stability" of course. All designed either by the unelected in Brussels or stooges like Rajoy in the troubled countries. They scream for stability, growth, more Europe(What ever that means...) and what not. The only purpose of all this is to make someone else to pay. Someone to cover the terror that these politicians have imposed on people. The cult of euro is the most dangerous shit Europe has faced since the last war.

Fri, 06/08/2012 - 01:21 | 2506338 Sandmann
Sandmann's picture

Simply nationalise all Banks as a prelude. They cannot be trusted and simply giving them blank cheques is lunacy

Fri, 06/08/2012 - 02:15 | 2506384 Cosimo de Medici
Cosimo de Medici's picture

Full deposit guarantees across the zone.

Let's see if that might have unintended consequences.....

A Greek bank who knows Germany is there for cover could play Bruno Iksil without fear, or at least without impoverishing his bank's customer base. Greenpeace could leave the Japanese alone, since whales would no longer be an endangered species.

Fri, 06/08/2012 - 04:47 | 2506477 Sandmann
Sandmann's picture

It should be the FDIC and FSLIC offering guarantees - the US is always ready to guarantee banks and needs more customers

Fri, 06/08/2012 - 02:40 | 2506411 d_taco
d_taco's picture

One big mistake in this rapport. In terms of indebtedness and contagion after Spain comes the USA!!

The Germans introduced the Blitzkrieg while the Political elite kept it for impossible the Germans will pass the Maginot line. The Germans did not even stopped there.

Fri, 06/08/2012 - 04:46 | 2506476 Sandmann
Sandmann's picture

The German Blitzkrieg was modelled on tactical ideas from Maj-Gen JFC Fuller which were adopted by Heinz Guderian. The Maginot Line was never finished - France ran out of money and it was never fully-manned. Grand Project ran out of money and tanks went through Ardennes to by-pass it.  - Plan Yellow - in the very section bordering Belgium where French troops were supposed to enter Belgium but when France failed to stop the Rhineland DMZ being re-occupied it cancelled the Treaty in 1936 and the French never plugged the gap.

So, don't start Grand Projects if you rely upon someone else to cover the gaps when you fail to deliver the things that made the gaps necessary



Fri, 06/08/2012 - 03:55 | 2506458 AnAnonymous
AnAnonymous's picture

The non solution propaganda bit. Classical US citizenism.

Quite easy to make a solution a non solution. Do not tell the objectives, or tell other objectives.

Quick and common example: going deeper into debt has the objective of reducing debt. Leading US citizen propaganda helpers to tell that you can not go out of debt by going deeper into debt.

All this to conceal that going deeper into debt is indeed a solution, a solution to keep consuming, US citizen aim.

The banking union is not a solution to unemployment, social crisis and the rest. Never meant to be one. By painting it as being a solution for that, one surely achieves the goal: concealing US citizen solutions to those problems.

The classical US citizen solution is to pour that too much of people onto a third party.

In US citizen Europe, the third party will be two kinds:
-other steadier European countries
-non European countries

The first will have to be considered as internal immigration within the EU countries. The main consequences will be to speed up the EU integration as more and more nationals are going to live and work in other countries. Helping the plan of US citizen pan european People.

The second is the ultimate release device. The new waves of internal immigration will consequently shake the other countries, pushing the too much of people from the countries elsewhere, triggering a new wave of colonization.

Both will happen at the same time.

The banking union is not a solution to those problems. US citizenism provides a tool set to deal with those problems.

The banking union aims at allowing EUropean nations to go deeper into debt, to keep consuming in a world on the path of depletion of resources.

And this is indeed a solution to that problem. It will help issuances of debt. Therefore helps consumption up.

Fri, 06/08/2012 - 04:40 | 2506471 Nukular Freedum
Nukular Freedum's picture

You know, I've come to the conclusion that you must be a Libertarian. Welcome aboard AA! :)

Fri, 06/08/2012 - 06:18 | 2506530 AnAnonymous
AnAnonymous's picture

To be complete, selling the banking union as a way to fight unemployment seems a US of A projection on Europe as the FED mandate is about boosting employment. ECB mandate is not about that.

It is quite easy though to find European sources telling it outright: the banking union aims at making the issuance of new debt easier, aims at providing cheaper funds to refinance, at improving credit worthiness, all the usual lingo etc but the goal of fighting against unemployment is not so much quoted. But it is not an aim.

US citizen tribal wars. US of A tribe would want to dish European tribe's effort out.

Fri, 06/08/2012 - 07:23 | 2506603 Lebensphilosoph
Lebensphilosoph's picture

Quick and common example: going deeper into debt has the objective of reducing debt. Leading US citizen propaganda helpers to tell that you can not go out of debt by going deeper into debt.


That is a straw man. That government spending cannot reduce government debt, not "you can not go out of debt by going deeper into debt", is the point of the matter, you lying jaundiced bastard. Take your inarticulate babbling to your hiveminded racial kin and stop butchering the language of the English.

Fri, 06/08/2012 - 08:42 | 2506746 AnAnonymous
AnAnonymous's picture

The language of the english? But that is the language of a lot of people today.

Want to keep something for yourself? Stay at home, dont spread yourself.

Government spending can not reduce government debt?

So paying debt installment is not spending?

Another US citizen playing the confusion game.

US citizens going deeper into debt has one objective: keeping consumption up.

Fri, 06/08/2012 - 13:28 | 2507882 janus
janus's picture


and something tells me that kristen doesn't wear panties...perhaps janus should investigate his thoery.

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