Tuesday, 2 October 2012

Problems all over the place.

Spain, France, Germany, Ireland, Greece, Italy, Cyprus, Portugal, Holland, Belgium: problems in all these nations and the euro is the link.

Over the past two years I have commented ad nauseam on the reasons why the common currency is the cause of the problems, the failure of the politicians and EC commissars to provide leadership and the woe which has befallen the citizens of most of these states.

A sample of the current issues:

http://www.telegraph.co.uk/finance/financialcrisis/9580303/Spain-ready-to-ask-for-bailout-but-Germany-says-to-wait.html

http://www.spiegel.de/international/europe/troika-unimpressed-with-greek-reforms-but-european-support-continues-a-858904.html

http://www.telegraph.co.uk/finance/financialcrisis/9582524/Debt-crisis-troika-demand-even-tougher-austerity-on-stricken-Greece.html

http://www.spiegel.de/international/europe/many-concerned-that-ecb-bond-buying-program-under-draghi-is-illegal-a-858915.html

Total shambles.

Meanwhile, back in the UK...

http://www.nucleus.uk.net/subscription-confirmed/item/the-referendum-battle-lines-are-becoming-clearer-and-closer

UPDATE: 3rd OCTOBER

http://www.spiegel.de/international/europe/interview-with-eu-commissioner-joaquin-almunia-on-spain-bank-bailout-a-859235.html

http://www.spiegel.de/international/europe/analysis-of-eu-report-recommending-big-banks-be-split-up-a-859297.html










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