Oh, you’ll read the stories about how many medications aren’t being imported in Greece, sheets are being re-used in hospitals, suicides have skyrocketed, and trash collection is erratic at best, but these articles are few and far between. The dire conditions and the depopulation of Ireland and Latvia get even less press.
Post Tagged with: "Greece"
Cyprus and the EU Excesses – Where We’re Headed?
The government devised a plan to levy a 10 percent tax of all citizens’ savings in order to bail out the struggling nation. This ill-advised plan sparked panic across the globe …
An Infinite Amount of Money – Et Tu, Italy?
Too many in power just don’t see the impending crisis that you and I see, or at least they don’t see the need to act now.
European Union and the Failed Welfare State
Could it be that rich and productive countries are tired of subsidizing social welfare, re-distribution of wealth schemes, failed multiculturalism, and sloth?
European Banks Facing Disastrous Sell Off
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
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.
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.
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.
EU band-aid won’t stop bleeding to death
The truth is that the financial crisis in Europe has not been cancelled – it has just been put off for a few weeks or a few months.
Forget The Election Results – Greece Is Still Doomed And So Is The Rest Of Europe
Right now the ingredients for a “perfect storm” are developing in Europe. Government spending is being slashed all across the continent, ECB monetary policy is very tight, new regulations and deteriorating economic conditions are causing major banks to cut back on lending and there is panic in the air.