Monti's Double-Speak On Welfare But Sure EFSF Needs More Juice

Tyler Durden's picture

While the technocrats cling to their vision for a European Bloc (amid a tumbling 'stable' EUR), Italian Prime-Minister-in-lieu Mario Monti is spreading the good word. Presented with little comment, via Bloomberg headlines, from a press conference in Rome, the Goldmanite builds the bridge to nowhere that the Socialist construct is unsustainable, yet the EFSF needs more funding to ensure the unsustainable social welfare model remains, err, unsustainable?

  • *MONTI SAYS EUROPE MUST NOT GIVE UP MODEL OF SOCIAL WELFARE
  • *MONTI SAYS EUROPE CAN'T SUSTAIN CURRENT WELFARE SPENDING
  • *MONTI SAYS EFSF NEED `SIGNIFICANTLY MORE' FUNDING

Oh and this...

  • *MONTI SAYS NOTHING JUSTIFIES CURRENT ITALIAN SPREAD