Archives for: Spain Vs. Germany
Too big to bail: Spain and Italy are too indebted for even Germany to rescue, so let’s just call time on the Euro!
by Mitch Feierstein about 10 years 8 months ago
Another day, another faux bailout. Today European finance ministers agreed to let the Spanish banks get the first €30 billion slice of their bank bailout. Those same finance ministers are also set to approve a year’s delay in the deadline given to Spain for reaching a budget deficit of 3% of GDP. That won’t, of […]
Who’s to blame for the euro crisis? Let the Planet Ponzi Rating Agency help you decide
by Mitch Feierstein about 10 years 9 months ago
Jose Manuel Barroso, the President of the European Commission, got snappish when asked about the Eurozone crisis by a Canadian journalist. ‘Frankly, we are not here to receive lessons in terms of democracy or in terms of how to handle the economy,’ he said. ‘This crisis was not originated in Europe; seeing as you mention […]