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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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Ireland is Breaking

November 10, 2010

Ireland’s been having to deal with a serious banking crisis which won’t go away.  However, things just got worse for Ireland:  this week Ireland’s debt hit a level that has spooked investors into predicting that Ireland will be the next euro zone nation to require a bailout. Two years of government bailouts have merely broken [...]

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The Problem with the “PIIGS”

February 15, 2010

If you haven’t heard about the acronym “PIIGS” yet, I’ll let you in on it:  PIIGS stands for Portugal, Ireland, Italy, Greece and Spain — countries in the European Union on the verge of economic collapse.  Of the five nations in trouble, Greece is the closest to collapse and the youth in the streets have [...]

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