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.
Post Tagged with: "European Union"
April 23, 2012 09:01
European Splintering Escalates: Dutch Government Falls; Slovakia Government Collapsed in March; Czech Government Collapse Coming Right Up
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
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 19, 2012 04:27
Carbon War Erupts in Europe
If Eastern Europe caves to the Greens, all Europe faces very painful adjustments. Power and food costs will surge, electricity supplies will become unreliable, and industry and jobs will migrate.
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
February 1, 2012 05:09
Germany to take over Greek budget
To bail out Greece Germany is demanding veto power over Greece’s budget. Greece is the result of a socialist welfare state that is the model for the “redistributive” ideology of Barack Obama. Greece is where the US is headed if we continue to keep our heads in the sand about the consequences of a debt that is greater the our entire Gross Domestic Product.
January 12, 2012 11:23
King Barack to bail out Europe at taxpayer expense
It’s over the top when Obama told the European Council President and the European Commission President that “the United States stands ready to do our part” to bail out Europe.
January 11, 2012 09:11
Greek Crisis Has Pharmacists Pleading for Aspirin; Bailout Money Used for Military Spending
The Greek economy is now totally and completely dysfunctional. The government has resorted to price controls on goods to contain costs. However, price controls do nothing but cause shortages. – Mish Shedlock
