Exciting times: Mr. Obama, what country should we save next week?
Hey guys,
Let's face it - the European Union is in dire straits and when it falls apart it will hit America so hard Occupy wallstreet will look like a walk in the park.
European countries are so indebted no bailout or rescue...
And that's vastly greater than the "bailout" fund proposed by Merkel and Sarkozy. And what if Spain needs a bailout too?
Europe is going to ruin according to BBC's business editor Robert Peston.
http://www.bbc.co.uk/news/business-15570817
The entire Western World is sinking deeper into the worst economic depression in history with most countries running monster public debts, facing "cuts", austerity "packages" and bailout funds which only work for a couple of months before a new grand "plan" is needed.
Let's face it. There are...
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Portugal is in dire straits, the country is virtually bankrupt and has asked the EU for bailout.
http://news.smh.com.au/breaking-news-world/portugal-finally-asks-eu-for-bailout-20110407-1d4pi.html
Too many countries in the EU are now on life support and instead of improving recession...
Britain’s government debt smashed through £1trillion for the first time yesterday – a staggering £40,000 per household.
Campaigners branded the milestone ‘terrifying’ and warned that taxpayers will have to foot the bill for decades to come.
Debts of £1trillion – an almost unimaginable...
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The New York Times published an interesting article yesterday discussing the current spike in global food prices and whether this could herald another global crisis.
You can read the article here.
&
Discuss the situation in your country.
In Bulgaria prices are going up every week.
Welcome to Ireland: Thousands of new homes remain unoccupied in the so-called "ghost estates" after Ireland's property bubble burst and threatens to pull the rest of Europe down.
Experts predict Spain and Italy may be next.
Read more & discuss...
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