Europe is Headed Down the Chute ...

... and will take the Rest of the West with it  ....

EU warned of credit crunch threat, French banks hit --
http://www.reuters.com/article/2011/09/14/us-eurozone-idUSTRE78B24R20110914

More:

Geithner warns EU of ‘catastrophic risk’ --
http://www.ft.com/cms/s/0/6006de50-e061-11e0-ba12-00144feabdc0.html#axzz1YJ2tKUZW

Richard Fernandez -- ‘Fear Is Coursing through the Corridors of Brussels’ --
http://pajamasmedia.com/richardfernandez/2011/09/14/fear-is-coursing-through-the-corridors-of-brussels/

Moody’s downgrades Italy’s debt rating --
http://www.allheadlinenews.com/articles/90061923?Moody%26%23146%3Bs%20downgrades%20Italy%26%23146%3Bs%20debt%20rating

The Telegraph:  World facing worst financial crisis in history, Bank of England Governor says --
http://www.telegraph.co.uk/finance/financialcrisis/8812260/World-facing-worst-financial-crisis-in-history-Bank-of-England-Governor-says.html

The Telegraph:  An entire system of global trade is at risk --
http://www.telegraph.co.uk/comment/telegraph-view/8813441/An-entire-system-of-global-trade-is-at-risk.html

Reuters - Berlin, Paris vow new crisis plan as global pressure builds --
http://www.reuters.com/article/2011/10/09/us-eurozone-idUSTRE7953D520111009

MailOnline - (John) Major: This is our chance to win back power from the EU --
http://www.dailymail.co.uk/news/article-2047052/John-Major-We-use-eurozone-debt-crisis-grab-powers-Brussels.html

The Telegraph - German push for Greek default risks EMU-wide 'snowball' --
http://www.telegraph.co.uk/finance/financialcrisis/8819195/German-push-for-Greek-default-risks-EMU-wide-snowball.html

Reuters - G20 tells euro zone to fix debt crisis in eight days --
http://www.reuters.com/article/2011/10/15/us-g-idUSTRE79C74G20111015

Reuters - European Banks Sink on Greek Vote Bombshell --
http://www.cnbc.com/id/45114081

And now, The Death Rattle:
AFP - EU demands right to dictate national budgets --
http://uk.news.yahoo.com/eu-launches-bid-rewrite-eurozone-budgets-032511566.html