Time to look at the Euro Zone again (and I'm afraid this isn't optimistic):
There's Only One Way Forward For Europe, And This Isn’t It - Business Insider: "The only way forward for the EU and the Eurozone is to let the weaker members (think PIIGS) leave, and to let them do that with grace, respect and dignity. Anything else is not just doomed to fail, it's doomed to incite violence. Europe has a long history, and it doesn't take much to evoke lots of that, any and all of that. . . . The EU must, make that capital MUST, not just allow, but facilitate for its weaker members to leave the eurozone. If it doesn't do that, it calls upon itself the wrath of the gods (Europe has lots of those)."
But here's the problem (and it is a killer problem):
"As per Draghi and Merkel and Monti et al., they have no plans for that kind of facilitating. Not because they like the Greeks so much, but because their banks would need to - at least partially - come clean; derivatives, don't you know. And those banks are far worse off and much more broke than anyone has been allowed to know. Unless a sufficiently large number of us wake up in time, as in right now, people will be shot to death in the streets of Athens and Barcelona just so the banks can continue to hide their losses. Is that the kind of world you want to live in? . . ." Read more: http://theautomaticearth.com/Finance/theres-only-one-way-forward-for-europe-and-this-isnt-it.html#ixzz27oyESgUs
Tweet Follow @johnmpoole
The Big Picture
Financial Crisis - The Telegraph
JohnTheCrowd.com | The Sailing Website
Craig Newmark - craigconnects
- ► 2015 (131)
- ► 2014 (368)
- ► 2013 (380)
- Most essential travel computer gadget
- Sandy Crisis Map update
- Hurricane Sandy: stay informed, stay safe, don't p...
- The Des Moines Register endorsement: "Mitt Romney ...
- DNC website has all the details on Mitt Romney's t...
- New York Police Officer Held in Plots to Kidnap, R...
- Early look at Windows 8 baffles consumers
- Windows 8 interface confusing on the desktop
- Windows 8? Watch this video before you decide
- The Election now down to just 7 states, 66 Elector...
- Tom Wolfe's 'Back to Blood' in Miami
- 3rd Debate - Obama clear winner
- McNamee: Windows Is Over, We're In a New Tech Worl...
- Balancing Brazil's Forests video
- American crocodile coming back (video)
- Who needs a cellphone
- Time-lapse video: Space shuttle Endeavour’s trek a...
- The Second Debate: America Deserves Better
- Lee Daniels, Director of The Paperboy
- Tea & the Art of Life Management
- Wonder if Obama will blame it on a YouTube video?
- The Only Way Forward For Europe
- Christians flee Egypt town after death threats
- Air Force mini-shuttle X-37B
- Shiller Data Questions Housing Revival
- Obama's Deficit Budget
- Where Are The Jobs?
- French Beekeepers find the cause of their bees' gr...
- Bond 50th Anniversary
- Biden: Middle Class Buried for Last 4 Years (video...
- Counter View: Obama won the Debate
- 3 minute debate prep
- CABLE NEWS RACE?
- Presidential Race Update
- Intelligence office says it got Libya attack wrong...
- ▼ October (35)