Neither a bailout from Angela Merkel nor a fiscal union will save Europe.

This weekend Spain is set to ask for a bailout ahead of schedule, demonstrating the rate of collapse of the financial system moves faster than any bailout attempt. The only solution is the re-implementation of the Glass-Steagall Act.

On June 5, 2012, LPAC conducted an interview with Dennis Small, director of EIR Ibero-American Affairs. Mr. Small paints a vivid picture of the explosive situation in Spain, and elaborates on EIR’s initiative in drafting a recovery plan for South Europe and the Mediterranean.

In the context of an imminent blowout of the euro coupled with the ongoing threat of thermonuclear war, Diane Sare (former Congressional Candidate for NJ-5) delivered the following strategic overview.

Here is your overview.

The rate of collapse has far exceeded the rate at which we can sustain the bail-outs. The only solution at this point is a Glass-Steagall "controlled collapse" of the entire financial system.