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 pinch............like 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 you....love the name.

 

http://www.youtube.com/watch?v=lMLnDuzgkjo

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

 

http://www.newsmax.com/TheWire/obama-oprah-klein-betrayal/2012/06/05/id/441238

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 Shop...no 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

...as 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

Wood!

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.

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