Germany’s finance minister, Wolfgang Schäuble says there is no secret plan to leverage the EU’s bailout plan from $595 billion to $2.7 trillion. This increase, illegal in Germany, would cause a downgrade in the sovereign debt rating of the solvent states. If there is a secret master plan put together with the help of the Fed, it will destroy Germany’s constitution and democracy.

Social Democrats denounced the back-room dealing and the secrecy. The real implications of such a deal is to put Germany’s domestic finances under the control of the EFSF and eventually the European Monetary Union, the EMU. German citizens are being taken to the cleaners, they do not know about these back-room deals. It could lead, once exposed, to a referendum and a new constitution, which would destroy Germany’s democracy in order to form government by bureaucrats, who would prepare the EU for the new world order.