Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

EU Nations Aim To Borrow €80bn in Sep10

As predicted, austerity measures of cutting government spending and raising taxes don’t work anywhere in the world (in current situation that greedy banksters got us into).

This is why eurozone governments will try to borrow this month almost 100% more (compared to €43bn in August 2010), by issuing new government bonds.

Read the rest in my blog post at

Disclosure: No positions.