Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
The European Debt Bomb Fuse Is Lit!
02-26-2017, 09:19 PM,
The European Debt Bomb Fuse Is Lit!
The European Debt Bomb Fuse Is Lit!

<p>Vast liabilities are being switched quietly from private banks and investment funds onto the shoulders of taxpayers across southern Europe. It is a variant of the tragic episode in Greece, but this time on a far larger scale, and with systemic global implications. There has been no democratic decision by any parliament to take on these fiscal debts, rapidly approaching €1 trillion. They are the unintended side-effect of quantitative easing by the European Central Bank, which has degenerated into a conduit for capital flight from the Club Med bloc to Germany, Luxembourg, and The Netherlands.</p>

Forum Jump:

Users browsing this thread: 1 Guest(s)