Saturday, November 5, 2011

The Eurozone's trouble and economic future:

terpretation:  Greece will default on its debts sooner or later (and most likely sooner than later). I still cannot figure out why the Eurozone is wishing to save Greece; They MUST cut their losses now, before it is too late and move on. Greece is already in a serious recession and its ecnomy is at a complete stand-still as of the time we speak; So it would not make a differnce if they failed or not, but keeping them around means a contagion of their failure to the remaining Euro-nations. AOne such is Italy, which is next in trn to go through the same exact situation. And when it does, it will not look very pretty. And if the contagion contines (for which there is sill a great chance FOR THE IMF HAS NEVER SUCCEDDED [AND I MEAN NEVER] IN BAILING ANY NATION OUT WHICH IT SET OUT TO DO. THEIR SUGGESTIVE POLITICAL POLICIES WHICH ARE ALWAYS THE CONTINGENCY ON WHICH THE IMF LOANS ARE BASED, ARE IMPOSSIBLE TO FOLLOW. IN MY BOOK IMF = GUARANTEED FAILURE. IN FACT, INVOLVEMENT WITH THE IMF CAN BE USED AS A GUIDE IN INVESTING, WITH THE AVOIDANCE OF INVESTING INTO ANY NATION WHICH IT IS BACKED BY.      THE WEST IS IN VERY SERIOUS TROUBLE; AND THE ROW OF NATIONS THAT WILL FALL IS IN THIS ORDER: GREECE; ITALY; SPAIN; PORTUGHAL; THEN PERHAPS BELGIUM; IRELAND, ETC.     

http://www.cnn.com/2011/11/05/world/europe/greece-main/index.html?hpt=hp_t2

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