Post Tagged with: "Italy"

March 21, 2013 16:31

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 …

March 7, 2013 08:06

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.

November 27, 2012 07:06

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?

September 13, 2012 08:07

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.

July 10, 2012 09:49

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.

July 2, 2012 07:51

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.

June 11, 2012 05:13

Spain and The Runaway Euro Bailout Train

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?

June 6, 2012 07:09

This ain’t about Greece any more folks

I talked with a Swiss banker from Geneva today. The conversation went like this:

May 31, 2012 04:55

Eurozone Retail Sales Crash: Record Declines in France and Italy, Overall Revenues Drop at Near Record Pace

This should bury the notion the eurozone recession will be short and shallow.

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.