British MEP Hannan says the governments in Greece and Italy have been taken over by “technocrats” committed to the European union and the Euro. The new leaders include a former VP of the European Central bank and a former European commissioner.
Post Tagged with: "Eurozone"
November 15, 2011 07:40
Chance of 2012 US recession tops 50%
European debt problems in Greece and Italy could drag down the US economy. Italy’s $2.4 trillion debt is a ruinous milestone which could trigger sovereign bank failures. Promised austerity measures will impact trading. Europe accounts for 21% of US exports.
November 11, 2011 07:39
EUROPAC: We Have Entered The First Of Four Phases That Will Destroy Fiat Money
Phase Four, the most alarming, would be investors’ realization that the US dollar lies at the root of the international currency collapse and is itself vulnerable. Likely, this panic flight from the dollar would develop suddenly, and perhaps in undreamed of volumes.
November 10, 2011 09:57
Beware the Technocrati; The Next Delusion is Technical Government; Borg Cannot Save Europe
The latest proposal, and one we will likely see in Greece and Italy is “technocracy”, rule by well-respected economic experts, who supposedly will know what to do.
November 4, 2011 06:10
Roubini: If the Eurozone blows up, it all gets worse
“Europe is a slow motion train wreck and there’s a “significant risk of a Eurozone breakup.” This doesn’t mean Greece and Portugal leaving, it means Spain and Italy ultimately leaving as well, which would mean the whole thing is toast.” – Business Insider
October 11, 2011 09:17
Double-Dip Recession a Foregone Conclusion: Roubini
“The question is not whether or if there is going to be a double dip, but whether it’s going to be mild or severe with another financial crisis,” Roubini told CNBC
October 6, 2011 15:02
Is U.S. Duplicating EU’s Debt Mistakes?
At $14.9 trillion, our total public debt is also bigger than our economy, putting us on a par with Europe. Yet our government seems in no hurry to reform our own welfare and entitlement state.
September 19, 2011 06:49
The U.S. Bails Out A Profligate EU
The real problem is that Europe has created a massive welfare state that its shriveled, undynamic economies can no longer support.
August 5, 2011 05:14
“We’re in a depression” – Peter Schiff
“Anyone who was looking for a quick recovery was basically in cloud cuckoo land” says Gillian Tett, US managing editor, Financial Times. “The world is waking up to the fact that there is a process of so called deleveraging going on. That economies and companies and banks still need to cut debt and so do households and that process is going to be brutal and slow.”
April 22, 2011 04:29
Dick Morris Reports: The IMF Takes Over Our Economy
Last week, the International Monetary Fund (IMF) announced that it was going to hold nations accountable for their economic decisions and publish quarterly yardsticks to measure their success in adopting “appropriate” policies. Who decides what’s appropriate? The European central bankers who run the IMF. The United States will have to meekly comply. The next step? Sanctions against nations that beg to differ with the IMF — our new global Czar.
