As per the remarks of Joseph Shumpeter great economist“The monetary system of a people reflects everything that the nation wants, does suffer is “
The crisis in Europe is much more than the Euro. Simply because the sovereign bonds, share prices and banks swoon and global recession is knocking on the door.
The EURO will never be safe unless Europe answers some basic fundamental questions that it has been running from many years.
It seems like By the end of this week, indeed, the governments of all five countries in the PIIGS grouping (Portugal, Ireland, Italy, Greece and Spain) will have changed since the start of the crisis if, as expected, the ruling Socialists lose power in Spain. The prospects for economic reform in the peripheral European countries look a lot stronger than before.
Most of the Chief economist anticipating the A Spanish Or Italian Default Could Happen In A Few Short Days.
It seems Italian bonds are now worth muffin stumps and EcB has turned out to be a Newman.
The only Silver lining is ECB
End of the Euro as we know it? Yes! End of the Euro-Project. Definitely NO! Until German heart is still beating, noone will give up until it stops including Poles . Poles already took Greek bank Polbank under their FDIC equivalent to help Greeks as well to protect its customers. So, not so fast dude!
Rahm once said: ‘never let a crisis go to waste’! Let’s hope this one will not be wasted!
Yay google is my king aided me to locate this excellent site ! .
no wonder the world is like this
The main challenges for the new governments in EU surely will not come from internal problems, because major German and British investment banks and financiers are taking over Europe in an advanced leap to globalist hegemony.
United by “all means” is in Angela Merkel’s warnings: “Another half century of peace and prosperity in Europe is not to be taken for granted. If the euro fails, Europe fails. We have a historical obligation: To protect by all means Europe’s unification process begun by our forefathers after centuries of hatred and blood spill. None of us can foresee what the consequences would be if we were to fail.”
These major German and British investment banks and financiers who are the main creditors and lenders for many European countries in the last twenty years deliberately created the current European sovereign debt disasters to gain control over certain countries.
The reason behind this accusation is very logical and clear. To protect investors, normal creditors in any situation shall definitely refrain from lending to any already heavily indebted entity or state.
The questions posed here to readers are:
1- Do you have any idea why these investment banks and financiers provided bad debts?
2- Do you know the names and ownerships of the major investors and creditors to each European country in crisis?
3- Why the EU institutions did not warn and intervene before approving the loans to heavily indebted countries?
4- Why the EU is suddenly very vigorous in dealing with debt default and bankruptcy while they were watching the clear problems in the making?
5- What made elected governments exceed any reasonable debt ceiling and overspend beyond their capacity?
6- Why the essential financial and economic prerequisites of the EU were relaxed and allowed heavily indebted countries to gain membership?
7- How far the EU and the financial markets are legally allowed to topple democratically elected governments and appoint unelected rulers?
8- What are the invisible relationships between the EU institutions and those investment banks and financiers?
9- Why the credit rating system was not applied to states that exceeded reasonable Debt/GDP ratio?
10- Why very rich countries like the USA, Germany, Luxembourg, Belgium, Switzerland, Austria, Sweden, Denmark, Finland, Norway, France, and the UK are the top indebted countries without interference?
Let everybody know the truth behind the unholy alliance between bankers; bureaucrats; and senior officials in any country.
very nice post, i certainly love this website, keep on it
free mac desktop is probably spamming
SANDEEP YADAV; You better use Akismet widget for comment spam prevention for your blog
Sure Thanks Tarig I will use it from now
An intriguing speech is couturier scuttlebutt. I imagine that you should make author on this message, it might not be a inhibition someone but mostly fill are not enough to verbalise on much topics. To the succeeding. Cheers like your Europe Europe Europe.. SANDEEP YADAV Weblog.