Comment: European Central Bank taking over

as planned long ago

http://www.telegraph.co.uk/finance/financialcrisis/9363900/D...

The decision, taken by a meeting of eurozone leaders in the early hours of Friday morning, will be based on a move to put the ECB at the centre of a “effective single supervisory mechanism” for banks after an EU summit in December.

“We affirm that it is imperative to break the vicious circle between banks and sovereigns,” said a summit statement.

one of the best comments after article -
"So, the gap between the rulers (politico-banking mafia) and the ruled (disenfranchised citizen-serfs) grows wider still. As if the ECB printing money and passing it directly to the banks will somehow have zero effect on nation states' balance sheets and the livelihoods of citizens in the medium- to longer-term.

This is just yet more financial chicanery prior to Euro Emergency Summit No 20 whence more financial chicanery will be announced."

and this one -
"the real purpose of this game is to undermine and destroy national sovereignty and to solidify central banking power in the hands of the ECB. Austerity, unemployment and misery for the people and bailouts for the bankers - that's today's political meme."