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Tag Archives: Greece

Europe Won’t Work in America

Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt crisis began. The Spanish banking ...

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A Year of Historic Elections

The year 2012 is rapidly becoming a year of historic elections. Greece held one recently where no single Party won enough of the vote to form a government. In ensuing weeks, no progress was made by the nation’s Parties while negotiating to form a coalition. This potentially could lead to a chaotic situation – not just for Greece. The eventual ...

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Bad News for Globalists

European business activity fell in May, nearing a 35-month low, according to a survey by Markit. Its survey, based on European manufacturing and service sectors, fell to 45.9. The euro fell to a 22-month low against the dollar in response. Disagreement at Wednesday’s summit between European leaders about how to solve the dilemma did nothing to boost confidence. Chris Williamson, ...

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Greek Contagion: Run on Banks Accelerating

For weeks, Greek citizens and companies have been pulling money out of Greek banks at alarming rates as fears rise that the island nation will exit the Euro in a chaotic fashion. This week, Spanish banks are seeing record withdrawals signaling that Greece’s failing economy is having disastrous effects in other EU nations. It has been long expected that Greece would exit ...

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Cradle to Grave Suicide

Alexis Tsipras, head of Greece’s Radical Left Coalition, declared that country’s commitment to austerity is over because voters have rejected those deals. “There is no way we will sneak back in again what the Greek people threw out”, Tsipras said. “This is an historic moment for the Left and the popular movement and a great responsibility for me,” he added, ...

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First stop Greece, next stop Spain

800px-Greek_riot_police_3

The austerity express may have already left the station in Greece but the pain train bringing massive fiscal cutbacks arrived in even greater force in Spain this past week. Unsurprisingly, austerity is just about as popular in Spain as it was in Greece – inciting violence, riots and general strikes in Barcelona and other major Spanish cities last Thursday. Protests ...

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Greece Secures $170B Bailout in Round 2

The E/U plutocracy also known as “The Troika” has approved a second round of bailouts for Greece early Tuesday in Brussels. The details include supposedly bringing down the Greek debt to GDP ratio to 120.5% by the year 2020 by asking private creditors to take substantially bigger losses on their Greek debt holdings in the form of a 53.5% loss on the face ...

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UK Parliamentarian Blasts Greek Technocrat over Violence, Economic Meltdown!

Well he’s not well known in America, except for political geeks like me, but over in Europe Nigel Farage is known as a political firebrand who supports the democratic leadership of European nation states and vehemently opposes a one world order. His speeches are viral on the Internet and this week he delivered another sizzler to the European Parliament. U.K ...

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Will Congress See the Greek Writing on the Wall?

Following the news from Europe is educational. Europe is ahead of America on the downward slope into an abyss of government debt and an unsustainable welfare state. There are plenty of good examples over there of what big government debt and big government spending can do to a country, but the most notorious one is Greece –  a country whose ...

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Is this the week the world economy bites it?

Ok, I know.. I haven’t written an honest-to-goodness analysis piece in awhile – but now.. the world is ending and I’ve noticed that no one else was writing about it.. well not just this moment .. We’ve been hearing that EU is going to crash any day now, that Americans are over-leveraged and as Conservatives we know all about the ...

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EU Plutocracy on Verge of Collapse

Top Judge Puts the Brakes on Merkel’s EU Bailout Scheme/EFSF Expansion The EU plutocracy started coming apart at the seems back in September of this year, as Germany’s top Judge, Andreas Vosskuhle, head of the constitutional court, said politicians do not have the legal authority to sign away the birthright of the German people without their explicit consent. It is ...

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Greek Debt Crisis Steeped in Social-Mania-Style Hope and Change Politics

Part 1 – Three decades of creeping anti-capitalistic social-mania and big government expansion/intrusion collapses Greek economy.   Greece’s massive debt problem didn’t just simply appear overnight due to the Global recession of 2007. This was a tragedy created by over three decades of political battles between the last remnants of the once- principled economic party of the New Democracy (ND) ...

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Why the debt crisis in Europe matters to American families

Who are “The PIIGS” The PIIGS (Portugal, Ireland, Italy, Greece and Spain) have been in the news, but the econo-geek phrases being thrown around sometimes make it difficult to know why anyone in the U.S.A should care what happens if Greece, Italy or anyone in the Eurozone goes under. It matters – greatly. The entire mess is centered around entitlements ...

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Greece and the Euro Crisis

European Union and the Euro (€) Just in case you don’t know, the European Union (EU) uses, predominately, the Euro (€). Some countries, such as Great Britain, chose to not use the Euro. And some European countries, such as Switzerland, didn’t even join the EU. Now we see that Greece, a member of the Eurozone (countries in the EU that ...

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China to Help Fund Latest EU Bailout Package? No Deal

French President Nicolas Sarkozy placed a phone call to China’s President Hu Jintao after European leaders reached another last-minute deal to increase bailout funding in an attempt to tackle the regions worst debt crisis in over two decades. Apparently, Sarkozy’s pleas for China to contribute upwards of $100 billion (U.S.) to the EU bailout fund fell on deaf ears, as ...

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