We are closer to the end By Monty Pelerin , posted April 10th, 2010 http://www.economicnoise.com/2010/04/10/we-are-closer-to-the-end/ The developed economies are in terrible shape. Western democracies are all insolvent as a result of runaway welfare spending and commitments that are destroying their...
Well it seems Liberals will see tough times in the near future, till it will turn out that they got it right. Let's wait which country bankruptcy will be the tombstone of this ever progressing socialism. Now it will get interesting for Greece, Portugal, Spain and maybe Italy (funny enough they name...
Global Economy Spins Out of Control? By Monty Pelerin , posted March 27th, 2010 http://www.economicnoise.com/2010/03/27/global-economy-spins-out-of-control/ The Daily Bell often has interesting articles. Here is one that is one that might be of interest to you. Read it in conjunction with John Mauldin’s...
Just a reminder the EU president Baroso, wants an action to help out Greece. The Maastricht Vertrag is very clear about this: Die Union haftet nicht für die Verbindlichkeiten der Zentralregierungen, der regionalen oder lokalen Gebietskörperschaften oder anderen öffentlich-rechtlichen Körperschaften...
Ah, well somone would call it "Living in interesting times". I'd rather read it like, going to die. The EU considers now (b)failing out Countries, our first try Greece, next stop (who knows) but it can't took that long till it's Germany. I guess this will be the mother of all failouts...
This time it really gets miserably. The EU is considereing bailing-out Greece. How great is that, the one-eyed should lead the blind Greece is a nepotism, the current "helpers" are on their way to nepotism. Nepotism leads to bancruptcy and so we all are heading towards it. Anything learned...
An intersting example of farsight of politicians. As some of you may know Greece, has terrible hard times with their deficits. some suggest that it has to be excluced from the EU currency area, however there are not provisions for such a case. And now the others are navigatint along a path which is against...