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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Whoa Black Barry's picture

Kinda cute, but can she cook?

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...........

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.

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.

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!

lewy14's picture

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

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

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.

dark pools of soros's picture

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

world_debt_slave's picture

Lyster has the quirkiest smirk on her face at times.

The Big Ching-aso's picture



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

rebelscum1967's picture

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

Aziz's picture

Did Tyler just hit on Kristen??

dark pools of soros's picture

yup Tyler gonna grab a money honey and retire

Banksters's picture

All American hippo women should look up to her.

Rainman's picture

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

razorthin's picture

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

gojam's picture

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

q99x2's picture

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

Ratscam's picture

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

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".

robertocarlos's picture

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

Infinite QE's picture

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



world_debt_slave's picture

Don't tell us you go hairless muff diving

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!

Jake88's picture

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

tenpanhandle's picture

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

Let The Wurlitzer Play's picture

I wonder what she thinks of additional stimulus?


SokPOTUS's picture

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

emersonreturn's picture

sokPOTUS, you gotta love those briefs...

dogbreath's picture

the adams apple is a turn off

mcguire's picture

the 'meh' model is definately a guy.. 

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

q99x2's picture

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

Bunga Bunga's picture

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

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...

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.

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!

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.

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.

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.