As Britain Goes Jubilee Mad It’s Business As Usual In The Eurozone

Little nicky’s friends at The Daily Stirrer has consistently reported the truth about the Euro crisis while mainsteam print and broadcast media have consistently tried to suggest there was nothing wrong that could nut be put right by simply mugging German taxpayers to bail out debt problems in basket case nations like Greece, Portugal, Ireland and Italy. Another basket case nation, one that compounded it’s economic folly by committing to expensive and almost totally inefficient “green” energy projects is Spain. Now as a Spanish economic collapse that will need another massive bail out from north Europeran taxpayers draws closer every day we hear that another small EU nation, Cyprus, has at last admitted it is bankrupt

Spain’s ruling party, only recently elected, has begun to crack under pressure, signalling for the first time that the country may need a European rescue to shore up its banking system.

Meanwhile even the mighty German economic behemoth is faltering as one of it’s main customers, China, feels the pich due to Economic contraction in the USA and Europe.

While British financial markets remained closed today for the Jubilee celebrations, the German stock market fell sharply on fears of US economic relapse after last Friday’s terrible employment figures and news of a sharp slowdown in China. Spanish, Italian and French shares rose slightly on hopes of new eurozone fiscal authority to control national budgets and manage debts As any such scheme depends on German financial stability a news pan European financial policy already looks a forlorn hope..

Advertisements

Tags: , , , , , ,

4 Responses to “As Britain Goes Jubilee Mad It’s Business As Usual In The Eurozone”

  1. shadow-world Says:

    Funny- One of the first things we learnt in science class was the most green power generator that actually works is a wood burner.

    The thing is everything this government does is a smokescreen for it’s cuts and handing power over to Europe. The Royal Wedding, The Jubilee the non issue of gay marriage. It’s almost USA level transparent.

  2. Athelstan Says:

    Funny thing really, democratic Germany desperately trying to hold Europe together; my uncle, driving his crappy little Matilda tank against the might of Hitler’s panzers, would never have believed it possible.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: