Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

The Next Domino! Europe Unprepared as Euro Crisis Deepens!

June 14, 2012 by mosesman
Illuminists are lining up the dominoes for a collapse of the Eurozone!
  • Europe Unprepared as Euro Crisis Deepens! 
    by Stefan Kaiser, http://www.spiegel.de/ 
    The Next Domino
    The weekend announcement that Spanish banks would be bailed out briefly drove up markets around the world. But optimism was short lived. The euro crisis is rapidly intensifying and Europe is not prepared.
    –

    The Asian markets are something of a canary in the coalmine when it comes to foreseeing how the day will unfold for European and US financial markets. And on Tuesday, that canary was looking woozy indeed.
    –
    After widespread investor optimism on Monday in the wake of the weekend news that Spain would receive up to €100 billion ($125 billion) in emergency aid for its wobbling banks, Tuesday has brought a return to realism. Black stock-exchange numbers have once again nudged back into the red and worries about the survival of the euro zone have returned despite the Spanish bailout.
    –
    The apparent skittishness isn’t surprising. Greek voters go to the polls on Sunday in an election that many believe could determine whether the country remains in the euro zone or is forced out. Potentially more ominously, numbers released on Monday indicate that the Italian economy is in disastrous shape, having shrunk in the first quarter faster than it has in three years. It is the third quarter in a row that the Italian economy, the euro zone’s third largest, has contracted. Many believe that it is merely a question of time before Italy also has to apply for emergency aid from the euro backstop funds.
    –
    Meanwhile, despite official optimism from Madrid — and even from the oft-dour German Finance Minister Wolfgang Schäuble — it is doubtful that €100 billion will be enough to save Spain’s banking industry and put the euro zone back on the road to recovery. For one, recent history has shown just how quickly banks can run into significant trouble should the economic situation rapidly worsen.
    –
    More Oversight for Spain
    For another, it seems unlikely that the Spanish government will undertake the significant reforms necessary to establish lasting banking-sector stability. Thus far, success has been elusive. For far too long, Madrid painted a rosier-than-warranted picture of the country’s banks and made only half-hearted efforts at reform. Prime Minister Mariano Rajoy was far too slow in asking for help from the euro bailout fund.

    –
    Indeed, it is now imperative that the troika — made up of the European Commission, the European Central Bank and the International Monetary Fund — take over control of banking reform efforts in Spain. Rajoy’s fear of outside influence notwithstanding, oversight of Spain must be strengthened. Troika experts must make sure that the bailout money is used wisely and that the banking sector is made more efficient. Such an effort might include closing bank branches and shedding jobs, a task that the government would like to avoid at all costs.
    –
    read more!

end

Post navigation

Previous Post:

We Are Within Months of This Crisis Blowing Wide Open!

Next Post:

EU Discusses ‘Limiting ATM Withdrawals’ And Imposing Capital Controls!

Pages

  • About

Recent Posts

  • “We Are In WW3”: The Shocking Truth About US Proxy Warfare in the Middle East and Ukraine
  • WEF Just Issued Their Biggest CRISIS Warning Yet | Redacted with Clayton Morris
  • Clayton Morris: Why Is Our Power Grid Under Attack?
  • ‘We Have Something to Answer With’: Putin’s Chilling Nuclear Threat to West Over Ukraine Tanks?
  • Gold, Silver And the Big Economic Reset with Maneco64, Lynette Zang, And Ed Steer
  • Michael Khoury: A Cyber False Flag Attack Is Imminent!!
  • MSNBC Anchor Hospitalized With Severe Myocarditis, Pericarditis
  • COVID Propaganda Collapsing as Myocarditis Cases Rise
  • Is Orchestrated Cyber Attack Coming?
  • Situation Update, Feb 2, 2023: An Online AI System CLONED My Voice! (And Can Clone Yours Too…)
  • MORE Fibrous Clots Being Pulled From Vwaxced DEAD As Embalmers Sound Alarm
  • CrossTalk: Ex-Freemason SPEAKS Out About Satanic Agenda to Deceive Christians
  • Chinese Military Announces YJ-21 Mach 10 Missile Abilities in Social Media Post Read as Warning to US Amid Tension in Taiwan Strait
  • Pfizer CEO Made ‘Misleading’ Statements on Vaccinating Children Against COVID-19: UK Watchdog
  • Warning Issued for Petrodollar
  • WARNINGS Chemical Attack TRUTH is Coming Out in Syria, the Deep State is Mad | Redacted News
  • Middle East Escalation: What Next After Iran Blames Israel for Drone Strike? • FRANCE 24 English
  • Financial Repression Will Dispossess the Masses
  • Why the End of the Petrodollar Spells Trouble for the US Regime
  • Latin America’s New ‘Sur’ Currency Bloc: Regional Integration vs. the Weaponized Dollar

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
June 2012
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes