In Europe, time for Plan B, only there’s no plan, and no time. Apparently the Greeks as well as the Eurozone are making contingency plans for a Greek Euro exit although they’re still all denying it will ever happen. “This crisis was ultimately going to resolve itself in one of two ways: the Continent was either going to form a United States of Europe, or the euro experiment was going to fail. It appears to be going in the latter direction.” Eurogeddon.
This post was last modified on April 2, 2021
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Funny thing about Europe. We keep hearing the left telling us how we must model ourselves after them, but they are in fact, smaller than us even when combined, and are arguably in worse financial shape than we are.
Why would we want to follow that model?
Why doesn't Europe quit try to be a 2nd Unted States (the United states of Europe? really?) And be who they are? Lots of smaller countires, eaching sort of feeding off eachither for survival. The situation there is completely different for the moment that we have in the US. We don't have separate countries to dealwith, but states who VOLUNTARILY (originally) to came together under one government. When they did that, they had no idea of the extent of the area that would one day be America. Europe is different, and they aren't doing what ever they are doing well or they wouldn't be crashing like dominoes.
i really don't blame them for trying something new. What they had going on before wasn't working out so well. Its a pity
As the Chinese -ironically- say, "May you live in interesting times." No, that isn't meant as a good thing.
Surprised they haven't hit up the Federal Reserve for a loan like the 100 Billion secret bank bailout. Oh wait, maybe they have.
They have! The Fed gave the euro zone somewhere in the neighborhood of two trillion dollars.
Don't forget that the IMF has given trillions too and we are on the hook for 40% of that.
2 trillion seems high.. that's like QE1 territory
Gee. Wouldn't that nearly pay off OUR debt?
Oh hell no! We're 16 trillion in debt!
What exactly was plan A?
Plan A was unicorns were going to sprinkle fairy dust all over Europe and make all this just disappear.
Well ...
thanks for clearing that up.
Ring around the Euro, ring around the Euro, ashes, ashes, all fall down.