And the Debtocrats led by Obama are robbing American children. British MEP Daniel Hannan on the lunacy of borrowing yet more money on the backs of future generations.
Post Tagged with: "European financial crisis"
September 28, 2011 10:14
Britain to get bill for propping up euro
Financial transactions tax plan for bailing out the Euro. “Where in the EU do most financial transactions take place? The City of London. As with the Common Fisheries Policy, Britain will be disproportionately filling the pot from which others draw.” – Daniel Hannan MEP
September 26, 2011 08:15
Goolsbee, Geithner warn – Greek default big trouble for US – IMF begs for bailout funds
Obama’s former economic adviser Goolsbee warns that Greek default will have a big impact on the US while the IMF needs a bailout to bailout Greece. Treas. Sec. Geithner warns “Sovereign and banking stresses in Europe are the most serious risk now confronting the world economy.”
September 19, 2011 06:49
The U.S. Bails Out A Profligate EU
The real problem is that Europe has created a massive welfare state that its shriveled, undynamic economies can no longer support.
September 15, 2011 08:59
British MEP says this is the end
“Its not just the European assumptions that are crumbling its the whole Keyensian edifice on which they rest. All those men who think think of themselves as practical but are in fact slaves to some long defunct economist are now finding that their belief system is in ruins. You cannot spend your way to growth. You cannot increase consumption without producing something at least not in the long term. and you cannot debase a currency without consequences and you cannot keep borrowing forever. And if you try to do those things what happens? You are about to find out.” – Daniel Hannan MEP for southeast England
September 14, 2011 06:03
China Premier Wen Jiabao Dampens Speculation on China Saving Europe with Statement “Debt-Laden Economies Must First Put Their Own Houses in Order”
China is willing to help, but only after Europe solves the crisis and no longer needs help.
July 6, 2011 05:21
Portugal’s debt is downgraded to junk status by Moody’s
The agency said there was a growing risk the country would need a second bail-out before it was ready to borrow money from financial markets again. – BBC News
July 1, 2011 08:21
Fed’s Massive Stimulus Had Little Impact; Pessimistic on Debt Agreement : Greenspan
The Federal Reserve’s massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.
June 28, 2011 08:41
Everyone can see Greek default coming
British MEP says bankers pushing default onto European taxpayers. Daniel Hannan, a writer and journalist, and Conservative MEP for South East England since 1999 believes that the European Union is making its constituent nations poorer, less democratic and less free. “You can evade reality wrote Ayn Rand, but you cannot evade the consequences of evading reality.” “We’ve reached the limit of trying to move markets with public money.”
January 11, 2011 08:15
Portuguese Bond Sale May Make Bailout `Inevitable’
As the ‘P’ in PIIGS which stands for the European countries collapsing under socialist nanny state policies, Portugal is entering its early stages of collapse.
