EU Travesty #2,322

European banks, many in dire shape, will be forced to bolster their balance sheet by $150 billion, according to the "big plan" of German and French leaders. How will banks be able to do that when they will also be asked to "voluntarily" write off more than $100 billion of Greek debts, face increases in taxes and face the imposition of a Tobin (financial transaction) tax and a EU tax to finance the non-producing infrastructure of the European Union?