The First Domino Falls in Greece
By: Shamus Cooke After the last Greek elections rejected austerity and caused a global uproar, early polling indicates that the next Greek elections — scheduled for June 17 — will [...]
Tag Archives: europe
Greece Reflects Growing Economic Turmoil
By: Stephen Lendman Straightjacket Eurozone rules trap 17 dissimilar countries. Greece proved most vulnerable. It’s cratering under imposed austerity. It’s the epicenter of Europe’s deepening economic crisis. Fed up Greeks [...]
European Electoral Postmortems
By: Stephen Lendman The morning after election Sunday, French and Greek voters have major issues unresolved. Austerity harmed people in both countries. Technocrats remain in charge. Odds remain long for [...]
Shaky Economies
Since 2009, an ocean of easy money saved American, EU, and Japanese economies from collapse. Never before historically did the world’s largest central banks abandon reason and go “absolutely berserk,” according to financial expert Martin Weiss. Earlier ones alone did it. Four is unprecedented and dangerously reckless. So far they’re swimming above water together. Eventually they’ll sink when “the money drug stops working.” Diminishing returns eventually follow, then perhaps crashes when things spin out of control.
The Pain in Spain
Ireland, Portugal, Italy, Belgium, are Spain replicate Greece in slow motion, gain speed, and head toward a similar train wreck. France, the Netherlands, and other troubled EU economies follow close behind. Austerity cuts exacerbate problems. Public rage expressed in strikes and street protests follow. Politicians pay no heed and plan more. At the same time, they allocate hundreds of billions in vital revenues for criminal bankers responsible for the crisis in America and across Europe.
The New Normal — Economic Weakness & Decline
On Friday, S & P cut credit ratings for nine EU countries, including France, Italy, Spain, Austria, Portugal, Malta, Slovenia, Slovakia and Cyprus. It was old news but not good. [...]
Europe in Disarray
Europe’s underpinnings can only hold so long. Years of entrapment under euro straightjacket rules means eventual dissolution and collapse. Throwing more money at out-of-control debt problems buys delay only. Instead [...]
Europe Lays an Egg
Like earlier summits, they met. They talked. They agreed to talk more and solved nothing. Once again Europe laid an egg. In fact, in 2011 alone, EU leaders held 19 [...]
Wrecking Europe to Fix It
From inception, Eurozone monetary union was an idea doomed to fail. Nonetheless, it was engineered fraudulently to look workable. In 1979, Europe’s Exchange Rate Mechanism (ERM) was introduced as part [...]
Deepening Debt Contagion
With pressure building on Europe and America, something’s got to give. Progressive Radio News Hour regular Bob Chapman says Germany’s Angela Merkel and France’s Nicolas Sarkozy search for solutions that [...]
