As long as we don't bail them or their banks out.
“disaster”? That is silly. The war in Italy was a disaster. Financial stuff is just that..............boring.
The powers that be, it was explained to me on Friday by a commodities broker, are “trying to avoid social unrest.” I said social unrest was unlikely. In 1929 some rich guys jumped out of buildings with the crash, but the majority kept on struggling, marrying, raising kids. Those activities are what makes up life. Caviar for breakfast and a maid just don’t matter that much to people.
Not doubting the story but just amazing that Italy has a bigger bond market than Germany or Enlgand.
Germans will abandon the Euro and revert to the Deutsch Mark
When Europe unified upon the Euro, it was simply the working nation(Germany) co-signing a bad loan for their drunken brothers.
Proverbs warns against co-signing.
The article is spot on.
It’s not hard to see where the Obama folks will go with this next year: “don’t blame us for the mess we’re in. It’s a global phenomenon. Why, if all that bad stuff had happened in Italy, everything would be hunky-dory right now. And by the way, did we mention that things would have been WAY WORSE if we hadn’t done what we did,” yada, yada, yada?
If Italy goes down the tubes, we should point out the Socialist policies that led up to it - it could be a boon rather than a bane.
Italy....no I’m not worried about Italy.
More worried about those 320,000 protesters in Israel last night.
Tonight and tomorrow, It's about Italy.