Europe on the Edge
Wednesday, May 16, 2012 8:43:57 AM
In Spain the central government quasi nationalized Spain's 4th largest "Bankia" bank comprising 7 insolvent, smaller banks sitting upon astronomical construction-boom debts to a height nobody knows precisely still. Austerity measures hit the population. No sign of "growth" to find, only growing numbers of unemployed people. About 25% of the potential workforce sits at home for lack of employment and economic activities. Many shops and restaurants close by lack of customers.
Italy not doing that well. It still has an industrial base, but its population is getting angry: about austerity that hits them, not the culprits: state and banks. Only Germany pretends to do well. Its government raised its income some 5.7% under a cup of coffee. Employment still soars, although wages go down and down. Is that country covering things up? One wonders what the reality is? With new Greek elections about June 17th it could well be, that the Euro-Zone is breaking up soon after. The Euro was a political failure with dire consequences: for populations and politics. France got its new president. Not that it will change the course of history after all. It's too late now. Europe -as a whole- has reached the edge.
See what experts, a politician and some people have to say....
Link: http://youtu.be/6EGt5ueqQRE - Introducing the GuldenMark concept next to a 'Euro-Lite'! Link: http://youtu.be/h9wJRa7s_-U -- Rebellion against bail-out blackmail. Link: http://youtu.be/5y3p0zlqb_4 -- Waiting for a Spanish Summer?Link: http://youtu.be/VT6n5H7EA4Y -- Report published May 17th, 2012. YT screenshot may be confusing.
Now you are more or less informed about what is thought and told these days in Europe. Developments go quickly and chaotically. The political Muppets have learned nothing yet and continue their march into the abyss, it appears. Little time left to my opinion. Mid-June after new Greek elections things will come to a conclusion or shortly after. Break-up? Revolution? Or much of the same? We are in for a very hot Summer anyway! Particularly the aspects of violence, attacks on foreigners in Greece, is a cause of concern. In particular when this spreads to Spain and Italy.
US debts link here