Dr. Benny Peiser 20.12.2011 11:31 +Feedback
The latest act in Europe’s comic opera
If it was not all so serious, the efforts to save the single currency would be worthy of a comic opera: the Germans could compose the score, the Italians could write the libretto, and the French could take care of the stage directions. The latest IMF-related effort is, perhaps, best described by the website ZeroHedge, which is required reading during these troubled times: “Now we find that the rabbit hole goes even deeper into Bazooko’s Circus because according to a just released update, of the remaining meager €150 billion in funding, Germany will be responsible for €41.5 bn, France at €31.4 billion, and Italy will need to provide €23.5 billion and Spain another €15 billion. To, you know, bailout Italy and Spain” - What is becoming increasingly clear, when you take this news combined with the comments of the president of the European Central Bank, is that the ‘Big Bazooka’ is nowhere near being assembled. The efforts to save the euro remain inadequate to the task.
Permanenter Link | Druckversion
Kategorie(n): Wirtschaft