The government devised a plan to levy a 10 percent tax of all citizens’ savings in order to bail out the struggling nation. This ill-advised plan sparked panic across the globe …
Post Tagged with: "European bailout"
November 27, 2012 07:06
European Union and the Failed Welfare State
Could it be that rich and productive countries are tired of subsidizing social welfare, re-distribution of wealth schemes, failed multiculturalism, and sloth?
November 20, 2012 06:54
“Entirely Self-Made” Debt Crisis; I Love My Family But …
The average 7th grader likely understands that he cannot spend more money than he has for years on end. The average economist does not.
October 29, 2012 04:15
Bureaucrats of EU and Global Governance
In the meantime, the European Union remains a laboratory study of global governance and economic control gone awry. The question remains, are Americans paying attention to this powerful lesson?
September 26, 2012 08:34
Spain Has A Brand New Double-Crisis On Its Hands
Protests and secession challenge bankrupt Spain’s PM Mariano Rajoy. – Business Insider
September 21, 2012 07:14
Eurozone Steepest Contraction Since June 2009; Unwarranted Hope and Reflections on Panic! Economists Can Neither Think Nor See
The global recession which started in Europe, is strengthening led by further declines in the eurozone.
July 24, 2012 14:01
12 Signs That Spain Is Shifting Gears From Recession To Depression
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.
July 3, 2012 05:00
China, Iran Top Warning Signs of a Global End Game
Economic downshift in China has generated a long rippling effect on many countries and corporations around the world. .. CBO report estimates that the U.S. public debt could reach 200% GDP in 25 years if current tax and spending policies are extended.
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.
