“The euro is doomed,” said Andrew Wilkinson, senior market analyst at Interactive Brokers Group LLC in Greenwich, Connecticut. “It’s like a clown without its makeup. The strains among the partners are becoming clear and it’s becoming harder to see global growth not being threatened by this.”
Post Tagged with: "European financial crisis"
May 17, 2010 05:07
Merkel: $1 trillion rescue package only buys time
The €750 billion ($1 trillion) shock-and-awe rescue package to prevent the Greek debt crisis from spreading only bought eurozone countries more time, it didn’t solve their underlying debt problems, German Chancellor Angela Merkel and a European Central Bank official said Sunday.
May 14, 2010 04:20
Bank of England says Europe neeeds to become one nation – can you say global government?
Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive.
May 13, 2010 04:59
Rep. Bachmann says bailing out Greece like pouring money down a rat hole
Where does the US go to get bailed out? There’s that word again -unsustainable
May 13, 2010 04:50
Noted economist Rabini – Greece is the tip of the iceberg -US in the Titanic
We keep hearing that word ‘unsustainable’ in regard to the US deficits and resulting debt but we keep spending like, well like politicians.
May 12, 2010 10:38
Pence: American Taxpayers Should Not Be Responsible for Bailing Out Europe
Call your lawmakers now. Demand a stop to this insanity!
May 12, 2010 06:39
Who Will Bail Out America?
Social Security, Medicare and the retirement of the baby boom generation wasn’t enough of a burden for the American taxpayer. We will now be paying as well for the generous pensions of Greek bureaucrats retiring in the warm Mediterranean sun at age 55, thanks to the foresighted leadership of our very own international statesman, Barack Obama.
May 11, 2010 19:28
Time for pitchforks, tar & feathers!
Remember, the U.S. just this year approved $100 billion for the International Monetary Fund, which is helping pay for the bailout. If Europe taps its IMF credit line, we’ll pony up $50 billion at least. But it doesn’t end there. The Fed has made available an unspecified amount of dollars to euro borrowers at low interest rates. We’re printing even more dollars to clean up Europe’s mess.
May 11, 2010 07:20
Reality rears its ugly head – euphoria over Greek bailout fades
“The euphoria of 24 hours ago has passed,” Derek Halpenny, European head of global currency research at Bank of Tokyo Mitsubishi UFJ Ltd. in London, wrote in a report today. “We are in little doubt that steps taken will offer the euro little support and the aid package does not change the fact that Spain and Portugal in particular will still have to undergo further painful austerity measures.”
May 10, 2010 04:48
Greek financial bomb worse threat than Times Square bomb
America has good reason to worry about Greece
