If you thought the euro would help Europe, you thought wrong. The Euro made a disaster in Spain, Portugal, Ireland, Greece, and Italy. It’s time to abandon that failed idea.
Post Tagged with: "Euro"
April 26, 2012 08:43
UK Back in Recession, Did it Really Ever Leave? Disappointing Details; Five Reasons the UK Recession Will Get Much Worse
April 20, 2012 09:19
IMF warns Euro currency could collapse and trigger another Great Depression
[I]t warned that the world remains at risk of collapsing into a slump that would rival the Great Depression – with ‘acute risks in Europe’ the major threat. – Mail Online
April 18, 2012 10:26
The Euro is DOOMED! – Nigel Farage MEP
In the European Parliament MEP Farage says it’s all over but the crying for the European Union. “Mercifully, outside of this institution, economists the world over now say it is inevitable that the Euro will break up. It is just a question of how. and I really hope that the IMF now decide to stop pouring good money after bad into these bailouts. and I really do hope that not one penny piece more of British taxpayer’s money goes into propping something up that should be allowed to die.”
April 13, 2012 13:42
27 Statistics About The European Economic Crisis That Are Almost Too Crazy To Believe
Americans should pay close attention to what is going on in Europe, because this is what it looks like when a debt party ends. Most of the nations in the eurozone have just started implementing austerity, and yet unemployment in the eurozone is already the highest it has been since the euro was introduced.
April 2, 2012 05:00
Eurozone in recession – unemployment hits new high
“It looks odds-on that eurozone GDP contracted again in the first quarter of 2012, thereby moving into recession,” said Howard Archer, chief European economist at IHS Global Insight. – BBC News
March 26, 2012 04:53
Spain could reignite the European debt crisis
The euro crisis has eased after the European Central Bank last month boosted liquidity through three-year loans to banks, while European Union leaders this month sealed a second Greek bailout package. – Bloomberg.com
March 17, 2012 10:20
Spain Will Implode – It’s a Wonder it Hasn’t Already
Not only are published GDP figures a lie, so are published debt figures. The result is a complete farce in debt-to-GDP accounting. – Mike “Mish” Shedlock
February 21, 2012 06:55
Leaked Memo Blows The Lid Off Of The Entire Greek Bailout
Again, basically what it shows is that European leaders can’t deny what everyone sees as obvious: That everything undertaken so far is destroying the Greek economy, and that further reforms will only make it worse. – Business Insider
February 13, 2012 11:36
Greece Fires – Total Chaos; Riots Rage; Athens Resembles War Zone
Angry protesters in the capital threw rocks at the police, who fired back with tear gas. After nightfall, demonstrators threw Molotov cocktails, setting fire to more than 40 buildings, including a historic theater in downtown Athens, the worst damage in the city since May 2010, when three people were killed when protesters firebombed a bank.
January 11, 2012 09:11
Greek Crisis Has Pharmacists Pleading for Aspirin; Bailout Money Used for Military Spending
The Greek economy is now totally and completely dysfunctional. The government has resorted to price controls on goods to contain costs. However, price controls do nothing but cause shortages. – Mish Shedlock
