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: "European currency"
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
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
January 9, 2012 08:42
A Fed Bailout for Europe
[T]here is a Fed-financed bailout of European banks in progress. The Fed is implementing it through currency swaps because swaps obscure the nature of the transaction, which is in reality a loan. (The Greek government used currency swaps to hide the size of its fiscal deficits.)
January 6, 2012 06:12
European Debt Crisis: Still A Major Problem With Global Implications
[B]ank stocks plunged throughout the continent and impacted the general markets as well. Interest rates climbed and the Euro broke below $1.28 for the first time since September 2010.
December 18, 2011 19:55
Chart of The Day: The Currency Collapse After A Euro Breakup
All these downgrades and rating warnings are not only putting further pressure on the debt crisis now going on for 2+ year, but is also sharpening the picture of a possible breakup of the Euro Zone.
