Get ready for the European double dip
Published: 07 May, 2010, 15:36
Edited: 10 May, 2010, 06:18
The US and Russia are gaining traction on an economic rebound, with China posting rudely healthy 1Q 2010 GDP growth. But its time for Europe to get ready for Recession - the sequel.
nobody heard of the Bundesbank printing new Deutsche Mark? Greece might still default, no matter how much our politicians endebt themselves to get rid of their debt. Ratings are just lies that keeps the financial system poor as it is. I will pay some billion here to get AAA ratings, endebt myself like mad and expect other to pay for what I consumed. I call this folly, not solidarity. Euro is a federal project to be new Soviet Union, with European being the nationality (like the Sovet back then) The bureaucracy is getting bolder and bigger, raising taxes for themselves, demand higher pay...power corrupts and all unification is good, for nationalities will be under pressure, after the EU dissolution - that will come once it may face conflicts like the USSR dissolution brought.
Last few weeks, I see some important videos on Youtube. The Debt of Dictators and Money as Debt. Can´t believe how tons of money are funneled so quickly by big banks to the dictators or huge gov projects..and when they go under the poor citizen are then slaves to pay up.










I am quite confused, how the rating for UK can be AAA, while has a highercurrent deficit 12.5% than Greece, and as the Guardian comment...UK borrowed another £4.3bn last month rather than repaying £2.8bn as economists expected..borrowing including financial sector interventions is at £122.4bn against a full year forecast of £170.4bn. In addition the fiscal revenues dropped by 16% and the result of the election are proving that a stable government is very difficoult...and rating still keeping AAA ??? Comic