Financial markets all over the globe are very nervous right now because if the Spanish government ends up asking for a full-blown bailout it could spell the end for the eurozone. There simply is not enough money to do the same kind of thing for Spain that is being done for Greece.
Post Tagged with: "Euro"
July 3, 2012 07:54
Euro’s 19th Nervous Breakdown – Nigel Farage
Farage unleashes a barrage on Europarl leaders who have been attempting to cover the hemorrhaging of the European debt crisis. Every couple of months they announce some supposed fix or bailout which comforts markets while the slide into economic breakdown continues.
July 2, 2012 07:51
EU band-aid won’t stop bleeding to death
The truth is that the financial crisis in Europe has not been cancelled – it has just been put off for a few weeks or a few months.
June 29, 2012 09:09
EU adopts plan to take over sovereign nations’ budgets – welcome to the EUSSR
Eurozone leaders backed a ten year plan that would give an EU treasury powers over national budgets. The plan uses vague leftist socialist code words that could be interpreted to justify just about any decisions made.
June 25, 2012 10:22
MEP Farage agrees EC president is a communist
MEP Nigel Farage agrees that the European Commission president is a communist. Farage also calls him a complete “idiot.” Farage and other conservatives see the Eurozone as an attempt to create a socialist centralized government similar to the old Soviet Union. Earlier from usACTIONnews.com: EC President Barroso told G20 attendees “This crisis was not originated in Europe … this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, […]
June 25, 2012 04:36
Euro Crisis, Deficit Spending, and The Coming NWO
Ultimately, each country has to spend no more than it’s taking in as income. Staying on its current course, the world eventually could be divided into three camps: bankruptcy (aka bailout), credit counseling (aka government austerity and household deleveraging), and debt renegotiation (aka “haircut”). PIIGS are only the beginning.
June 18, 2012 14:32
Forget The Election Results – Greece Is Still Doomed And So Is The Rest Of Europe
Right now the ingredients for a “perfect storm” are developing in Europe. Government spending is being slashed all across the continent, ECB monetary policy is very tight, new regulations and deteriorating economic conditions are causing major banks to cut back on lending and there is panic in the air.
June 14, 2012 06:21
Spending and debt causing global slowdown
Albert Einstein said insanity is doing the same thing over and over again and expecting different results. Can we stand four more years of economic insanity?
June 11, 2012 05:13
Spain and The Runaway Euro Bailout Train
The situation has become so critical that European leaders reportedly are working on the issuance of joint euro bonds to rescue euro. That might save the euro, but here’s one scary question for all–How long can this bailout train and money printing press keep on running?
June 6, 2012 07:09
This ain’t about Greece any more folks
I talked with a Swiss banker from Geneva today. The conversation went like this:
