Mike Pouraryan
"Outsiders" Europe Watch (11/9/2011): About Time
Europe is in trouble. We all know that. The reports out there speak for themselves. It has gone hat in hand to China to try and get money to help fund a stabilization fund to bail out a number of the economies currently in trouble.
As I assessed the monies coming in to Europe, I was especially dumbfounded to find out about how Japan had invested in Euro Bonds. Japan itself has profound challenges as it recovers from the aftermath of the earthquake and in turn
The Guardian of London just reported that Greece continues to be in political paralysis as it tries to figure out how to forge a National Unity Government. The Current Prime Minister has agreed to step down as the jockying continues on the new Prime Minister to be named. The scrotched earth that is Greece right now is an absolute tragedy. Italy is not far behind.
Italy has a 2.6 Trillion Dollar Public Debt and has seen its' cost of borrowing soar. Silvio the Clown, the Current Prime Minister, has said he will resign upon the passage of the budget. However, there is no guarantee yet. I wonder if his reign is the modern equivalent of Dante's Inferno or not. The sooner he goes--the sooner the Italians can get to sort out the mess out there today.
France, in the meantime, has just uncovered almost a 100 Billion Dollar Austreity Package. What is clear is that Europe has some serious thinking to do. It seems as if cuts and more cuts are the order the day as cuts continue to bite ever more. Earlier, I saw reports on the massive UK Student March against tuition fee increases and reduced benefits as part of the austerity campaign by David Cameron to help balance its' budget.
Europe is one of the key dominoes in the World. It cannot be allowed to fail--the question is will it?
As I assessed the monies coming in to Europe, I was especially dumbfounded to find out about how Japan had invested in Euro Bonds. Japan itself has profound challenges as it recovers from the aftermath of the earthquake and in turn
The Guardian of London just reported that Greece continues to be in political paralysis as it tries to figure out how to forge a National Unity Government. The Current Prime Minister has agreed to step down as the jockying continues on the new Prime Minister to be named. The scrotched earth that is Greece right now is an absolute tragedy. Italy is not far behind.
Italy has a 2.6 Trillion Dollar Public Debt and has seen its' cost of borrowing soar. Silvio the Clown, the Current Prime Minister, has said he will resign upon the passage of the budget. However, there is no guarantee yet. I wonder if his reign is the modern equivalent of Dante's Inferno or not. The sooner he goes--the sooner the Italians can get to sort out the mess out there today.
France, in the meantime, has just uncovered almost a 100 Billion Dollar Austreity Package. What is clear is that Europe has some serious thinking to do. It seems as if cuts and more cuts are the order the day as cuts continue to bite ever more. Earlier, I saw reports on the massive UK Student March against tuition fee increases and reduced benefits as part of the austerity campaign by David Cameron to help balance its' budget.
Europe is one of the key dominoes in the World. It cannot be allowed to fail--the question is will it?
