European Parliament member Daniel Hannan warns Americans not to follow the failed socialist policies of Europe. MEP Hannan spoke at a CPAC conference titled “The European Debt Implosion: Is America Next?” Hanna is the Secretary General of the Alliance of European Conservatives and Reformists. What you might call the EuroTeaParty.
Post Tagged with: "Eurozone"
European Debt Crisis: Still A Major Problem With Global Implications
[B]ank stocks plunged throughout the continent and impacted the general markets as well. Interest rates climbed and the Euro broke below $1.28 for the first time since September 2010.
Eurozone leaders warn that a recession is coming. Yup: and whose fault is that?
The reason that the eurozone faces such hard times is that its leaders have decided to keep the single currency together at any cost. The coming recession is not some inexorable force of nature; it is a consequence of the policies being pursued by Merkozy, Monti, Barroso and the rest. – The Telegraph
You Can’t Solve A Debt Problem With More Debt
Some countries must choose between difficult and very bad, and others are faced with either disaster or calamity. Greece simply gets to choose what it wants to be the cause of a depression. Long and slow or fast and deep? Choose wisely. – Business Insider
EU follows US into stealing from future generations
“the EU’s bailout-and-borrow policy had taken on a momentum of its own, like a runaway train. That train is now going at maximum speed, and has passed the point where a switch can still be thrown. The only question is when it hits the buffers. My guess is that we are months away.” – MEP Daniel Hannan in The Telegraph. Much the same can be said of the US debt problem.
EU shoots itself in the head with air travel carbon tax
All air travel to Europe will be more expensive now thanks to the EU “court” deciding that a new carbon tax can apply to all air travel into any Eurozone country. – BBC
Is Germany Europe’s last hope?
The euro’s time is almost up – so says one of the big three credit rating agencies as it prepares for a mass eurozone debt downgrade. S&P’s announcement shook international markets, with investors cutting and running on European holdings.
6 Horsemen? Central Banks Dollar Liquidity Only Prolongs The Euro Debt Crisis
Until there’s a fundamental and structural change of how government is held accountable for running and managing a nation’s resources, there could be more crises similar to the one in the Euro Zone popping up to the point of one Scary Grandioso–No more spare bailout capacity.
OECD warns of European recession
For the eurozone, the OECD’s predictions are -1% this quarter, and -0.4% next. The group also revised down its forecast for global economic growth to 3.8% this year and 3.4% next year. – BBC
Europe in a death spiral?
The Merkozy’s of Europe will be making “calming” statements over the next few days. We are dangerously close to a death spiral, and they know it. But they have nothing on their shelf but words.