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Eurozone Gets the Recession Blues

November 15, 2012

In the second and third quarters of 2012, the economy of the Eurozone countries fell 0.2% and 0.1%, respectively.  Accordingly, two consecutive quarters of economic contraction signals an economic recession.  Also, economic indicators suggest that both Germany and France are likely to contract in the fourth quarter, compounding the Eurozone’s problems.  Ireland, Spain, the Netherlands, [...]

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Brief Translation of Spanish Bank Bailout

June 12, 2012

It isn’t difficult to find news articles on the bailout of Spanish banks.  What is difficult to find is any story that lays out Spanish debt in terms of actual numbers.  Dan Hannan doesn’t do that exactly, but his ten observations in regard to the bailout provide some numbers and a great deal of perspective. [...]

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Greek Troubles Beginning to Spiral

May 15, 2012

Greek troubles are reaching a tipping point.  The new government couldn’t form a governing coalition willing to deal with their financial woes as the leftists are unwilling to be forced into unpopular austerity measures.  So, a new election must be held with the populist left riding an anti-austerity wave.  Not good. But events are moving [...]

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Greece Gets $170 Billion Bailout

February 21, 2012

The Eurozone decided today to spend around $170 billion to prevent Greece from defaulting next month.  Those who hold Greek bonds were asked to take 53.5 cents on the dollar as part of the deal.  The International Monetary Fund (IMF) is also lurking in the shadows as billions of American dollars have already gone to [...]

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Greece at a Crossroads

November 2, 2011

Greece has been in economic and social turmoil for nearly 18 months because of the crumbling of their welfare state.  Facing possible expulsion from the eurozone, Greece has a choice — accept the bailout and the severe austerity measures which come with it, or become an economic pariah. Yesterday, Greek Prime Minister George Papandreou announced [...]

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Greece Continues to Burn

June 15, 2011

More violence in Greece as youths (or “useful idiots” one may say) flip out over the next round of austerity measures the Papandreou government needs to pass due to Greece’s critical economic situation: The welfare state is collapsing in different countries at a different pace as economic realities get in the way of sustaining a [...]

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Nigel Farage: EU Tirade Awesomeness

November 30, 2010

Check out MEP (Member of European Parliament) and UK Independence Party Nigel Farage’s tirade against the EU, their bailout policies, and their disdain for democracy.  I saw this clip on Beck last night and feel that adding it to the echo chamber is appropriate:

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America: Burn, Baby, Burn?

May 16, 2010

So says Demosthenes at the American Thinker.  In the latest piece reflecting a plethora of “pessimism porn” out there, Demosthenes seems to infer that current trends, our own history and today’s reality in this current economic crisis can only lead to collapse here in America:  to quote the article’s title, “Let It Burn,” because from [...]

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