[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
Post Tagged with: "European depression"
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
February 22, 2012 05:18
8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default
[T]he new debt deal imposes such strict conditions on Greece that it is almost inevitable that Greece will fail to meet some of them. When Greece does fail, Germany and the other northern European nations may try to claim that they “did everything that they could” but that Greece just did not “live up to its obligations”.
January 19, 2012 07:31
Warning Signs That We Should Prepare For The Worst
The vast majority of people out there only believe what they want to believe. They don’t want to believe that a great economic crisis is coming, and so when it does happen they are going to be absolutely blindsided by it.
December 16, 2011 08:13
IMF warns that world risks sliding into a 1930s-style slump
“This is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.”
December 16, 2011 08:13
IMF warns that world risks sliding into a 1930s-style slump
“This is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.”
December 13, 2011 11:40
17 Signs That The European Financial System Is Heading For An Implosion Of Historic Proportions
The easiest way to deal with a debt spiral is to let it keep going and going. That is what the United States has done. Sure, “kicking the can down the road” makes the crisis much worse in the long run, but bringing the pain into the present is not a lot of fun either.
