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.
Post Tagged with: "European debt"
June 18, 2012 14:32
Forget The Election Results – Greece Is Still Doomed And So Is The Rest Of Europe
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 5, 2012 08:58
21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System
Economic activity and lending are slowing down all over the planet, and fear is starting to paralyze the entire global financial system.
May 30, 2012 07:22
25 Signs That The Smart Money Has Completely Written Off Southern Europe
It is becoming increasingly clear that the upper crust of the financial world considers a Greek exit from the euro to be “inevitable” and that it also considers much of the rest of southern Europe to be a lost cause. Unfortunately, a financial collapse across southern Europe is also likely to trigger another devastating global recession.
May 24, 2012 17:02
Drachma drama as Europe nears chaos
Is this the beginning of the end of the Eurozone? Will the chaos bleed over to the U.S.? Aren’t you glad Obama has a Nobel Peace prize?
May 24, 2012 16:57
Obama’s gobbledygook on Europe
What? Can anyone understand what that answer was? Do you feel reassured that he has a plan for the collapse of the Euro? Do you think he really has any idea of what he is talking about? Can we afford four more years of this DUHplomacy? How many times does he say “uh?”
May 24, 2012 06:00
Eurozone downturn ‘accelerating’ – death spiral?
Activity at European businesses hit a near three-year low in May, according to a survey by Markit. – BBC News
May 21, 2012 04:53
U.S. Set to Lead World Over Debt Cliff Into Recession
America is set to push the global economy right into the tank. The non-US members of the G8 are well aware of these facts. They must be crapping in their pants at the prospects.
May 3, 2012 08:26
Oil shock, Euro crash, U.S. fiscal cliff paint dark future says Dr. Doom
Nouriel Roubini who is famous for predicting the financial collapse which earned him the nickname “Dr. Doom” cited a Middle East conflagration oil crisis, “austerity fatigue” and “bailout fatigue” in Europe, and the “fiscal cliff” faced by the U.S. in a doom and gloom scenario.
April 23, 2012 09:01
European Splintering Escalates: Dutch Government Falls; Slovakia Government Collapsed in March; Czech Government Collapse Coming Right Up
Other than four ousted governments, Troika imposed governments in Greece and Italy, huge budget misses in Spain, increased protectionist measures in France, border controls, bickering between the ECB and the German Central Bank, the Bundesbank proclamation “Not ECB’s Job to Tackle Spain’s Problems”, Europe is holding together quite nicely.
