That would hurt credit and crimp growth by 4 percentage points next year in Greece, Cyprus, Ireland, Italy, Portugal and Spain, Europe’s periphery. – Bloomberg
Post Tagged with: "European Union"
October 8, 2012 06:44
The Largest Economy In The World Is Imploding Right In Front Of Our Eyes
If you believe that Barack Obama, Mitt Romney or Ben Bernanke can somehow magically shield us from the economic shockwave that is coming then you are being delusional.
September 13, 2012 08:07
Why OMT Cannot Possibly Solve Anything; Monti Warns Italian Unions; Over 200,000 Jobs at Risk; Italy’s Insane Labor Rules
The first structural problem is preposterous labor work rules in Italy, Spain, and Greece. The second structural problem is the ECB and the euro itself. One size interest rate policy cannot possibly work in a mix of cultures and work rules.
September 7, 2012 07:54
Euro as Dodo Bird
We are on the verge of a complete break-down, one that is unavoidable no matter how much political gobbledegook is used to try to convince otherwise.
September 5, 2012 05:18
Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse
We all need to get mentally, emotionally and spiritually prepared for what is ahead.
July 25, 2012 06:16
Germany in Recession: Private Sector Sees Fastest Falls in Output and New Business Since June 2009; New Export Orders Collapse
The vaunted German export machine is sinking into the abyss.
July 24, 2012 14:01
12 Signs That Spain Is Shifting Gears From Recession To Depression
Financial markets all over the globe are very nervous right now because if the Spanish government ends up asking for a full-blown bailout it could spell the end for the eurozone. There simply is not enough money to do the same kind of thing for Spain that is being done for Greece.
July 10, 2012 09:49
A Eurozone Crash Is Baked In The Cake
Those governments are all bankrupt. But much more serious than financial bankruptcy is their total moral and intellectual bankruptcy. At this point the Europeans are so craven and degraded they deserve to be indentured servants of the Chinese, which they will be.
June 25, 2012 10:22
MEP Farage agrees EC president is a communist
MEP Nigel Farage agrees that the European Commission president is a communist. Farage also calls him a complete “idiot.” Farage and other conservatives see the Eurozone as an attempt to create a socialist centralized government similar to the old Soviet Union. Earlier from usACTIONnews.com: EC President Barroso told G20 attendees “This crisis was not originated in Europe … this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, […]
June 11, 2012 05:13
Spain and The Runaway Euro Bailout Train
The situation has become so critical that European leaders reportedly are working on the issuance of joint euro bonds to rescue euro. That might save the euro, but here’s one scary question for all–How long can this bailout train and money printing press keep on running?
