If German voters want to cede power and form a European nanny state, then so be it. But it will be the end of Germany and the end of Europe as well should they do so.
Post Tagged with: "Greece"
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.
MEP Hannan: European coup de grâce in Greece and Italy
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.
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.
A Financial Nightmare For Italy
Global financial markets are very nervous right now. You can almost smell the panic in the air. As a CNBC article posted on Wednesday noted, one prominent think tank actually believes that there is a 65 percent chance that we will see a “banking crisis” by the end of November
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.
European debt could impact US economy
The dominoes are beginning to fall. First Greece now Italy. Austerity measures required in Europe to bail out these bankrupt economies could cause a recession in the US economy. Europe is a big buyer of US goods and services.
Europe Is Finished – are we next?
The ramifications of the Europe event will produce a domino effect that will topple other financial systems and economies. When you see the US, probably via the Federal Reserve and the IMF, provide funds for Europe that will be the signal that the end is very near.
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
Market Greeced in slide – drops almost 300
Dow slumped 297.05 points, or 2.48 percent on news that the Greek bailout plan to save the Euro might fall apart.