Under the headline, "Europe's €30 trillion headache", Ambrose Evans-Pritchard tells us that European banks have amassed €30 trillion in liabilities. This is according to a new report by Standard & Poor's, which says that the banks face a serious funding threat over the next two years as authorities withdraw emergency support.

View full article here

In Greece

link. Law allowing households to reschedule debt. Guess that will hit bank liquidity.

link. 80% of petrol stations run dry. Emergency powers "being ignored"

A little foretaste of what is to come. Of course, we mere workers and taxpayers should not worry our tiny little minds the EU and its sock puppet governments will resolve all these problems with their usual intelligence and skill.

If only a cod call talk.....then we'd have chapter and verse of what it is like to live under an EU run operation.......but wait we have our fishermen, they can tell us what happens when the EU runs the show...but none of it is printable.

Endless lunacy,misery, chaos and ruin.

Seems it's getting a lot worse in Greece, as fuel tanker drivers are on strike and the place has come to a halt....

http://www.zerohedge.com/article/when-j ... g-tear-gas