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?
Post Tagged with: "Greece"
May 24, 2012 17:02
Drachma drama as Europe nears chaos
Is this the beginning of the end of the Eurozone? Will the chaos bleed over to the U.S.? Aren’t you glad Obama has a Nobel Peace prize?
May 24, 2012 16:57
Obama’s gobbledygook on Europe
What? Can anyone understand what that answer was? Do you feel reassured that he has a plan for the collapse of the Euro? Do you think he really has any idea of what he is talking about? Can we afford four more years of this DUHplomacy? How many times does he say “uh?”
May 24, 2012 06:00
Eurozone downturn ‘accelerating’ – death spiral?
Activity at European businesses hit a near three-year low in May, according to a survey by Markit. – BBC News
May 18, 2012 05:33
Beginning of the end? Run on Greek banks hits record high
Greeks withdrew more than $900 million Monday and another $600 million Tuesday, according to the Greek Central Bank. While deposits have been steadily leaving banks since the start of the country’s debt problems in 2009, this week’s outpouring of cash reflects a new level of panic, analysts say. – USA Today
May 16, 2012 03:25
Why A Greek Exit From The Euro Would Mean The End Of The Eurozone
If Greece leaves the euro it will set a very dangerous precedent. The moment Greece exits the euro, investors all over the globe will be asking the following question: “Who is next?” Portugal, Italy and Spain would all see bond yields soar and they would all likely experience runs on their banks. It would only be a matter of time before more eurozone members would leave. In the end, the whole monetary union experiment would crumble.
May 9, 2012 17:44
11 Quotes That Show How Worried The Financial World Is About Europe Right Now
When Europe descends into financial chaos, the United States is not going to escape it. The financial crisis of 2008 deeply affected the entire globe, and so will the next great financial crisis.
May 9, 2012 06:46
Farewell to ‘Europe’?
Needless to say, if Europe once again descends into the vortex of economic privation, religious and/or ethnic “cleansing” and possibly strife that has happened so often there, our own tranquility and prosperity will be jeopardized, as well.
April 23, 2012 09:01
European Splintering Escalates: Dutch Government Falls; Slovakia Government Collapsed in March; Czech Government Collapse Coming Right Up
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.
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
