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 financial crisis"
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
April 24, 2012 07:10
As EU Nears Collapse, Will U.S. Follow Suit? Yes, with Obama 2nd term
Watching the slow-motion collapse of the EU, the American people should learn a vital lesson: You can’t spend your way to prosperity, and the lavish promises of the never-ending welfare state can’t be kept. – IBD Editorials
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.
April 20, 2012 09:19
IMF warns Euro currency could collapse and trigger another Great Depression
[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
April 18, 2012 10:26
The Euro is DOOMED! – Nigel Farage MEP
In the European Parliament MEP Farage says it’s all over but the crying for the European Union. “Mercifully, outside of this institution, economists the world over now say it is inevitable that the Euro will break up. It is just a question of how. and I really hope that the IMF now decide to stop pouring good money after bad into these bailouts. and I really do hope that not one penny piece more of British taxpayer’s money goes into propping something up that should be allowed to die.”
April 16, 2012 04:49
Euro trouble again – Spain bond yields jump above 6%, raising bailout fears
Spain is suffering from a deep economic slump brought about by a bust in its property and construction markets. Unemployment is the highest in Europe, with a record 4.75 million out of work. Half of Spain’s under-25s are unemployed. – BBC News
April 13, 2012 13:42
27 Statistics About The European Economic Crisis That Are Almost Too Crazy To Believe
Americans should pay close attention to what is going on in Europe, because this is what it looks like when a debt party ends. Most of the nations in the eurozone have just started implementing austerity, and yet unemployment in the eurozone is already the highest it has been since the euro was introduced.
March 26, 2012 04:53
Spain could reignite the European debt crisis
The euro crisis has eased after the European Central Bank last month boosted liquidity through three-year loans to banks, while European Union leaders this month sealed a second Greek bailout package. – Bloomberg.com
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
March 9, 2012 05:54
Investors to lose up to 74% in Greek debt swap
Greece has said it has received enough backing to push through the largest restructuring of government debt in history. – BBC News
