Tag Eurozone

Eurozone “bought time” is ending

The Spanish real estate bubble was much more pronounced than here and hasn’t fully deflated yet. Their banks make ours look like models of stability. Currently the ECB is loaning money to these banks which the banks in turn use…

Euro setup unsustainable, needs that vision thing

In a laughable statement, the head of the ECB says EU leaders need to “clarify what is the vision” because the current situation is “unsustainable.” Gosh, maybe they could get a mission statement and do team-building exercises along with refining…

Eurozone news

Eurozone continues down the plug hole Six reasons Spain will leave the Euro first Euro falls below $1.24, Dow down 151 Spain has €31 billion deposit outflow in April And finally, you just can’t make this stuff up. Broke Spanish…

Eurozone news. The bonfire is igniting

“Fall mountains, just don’t fall on me.” But the collapsing Eurozone mountain will fall on us all. Here’s some key news in this fast-breaking, tumultuous story. The end of the euro: a survivor’s guide. Ponzi financing in Greece continues; Greek…