Wouldn’t have a thing to do with their idiotic cap and trade system, tho...
Sure wish this headline said “Obama faces permanent loss of output”
“Europe has absolutely no more room for fiscal expansion to combat the crisis.”
Translating - Europe is already overtaxed, so there is no room for further failed Keynesian approaches to the financial crisis that was brought on by socialism and Keynesianism.
In one word, the EU is screwed, look at those debt vs gdp figures, technically, you are bankrupt.
One thing for sure, if the Islamo Fascists want to bring the West to its’ knees in a hurry, now is the time. Obama will do NOTHING but want to talk. I believe we will see a massive and devastating nuclear attack of some kind in the near future.
All of this trouble is created deliberately by The New World Order. The culprits in charge need to be identified and dealt with, or this economic problem is just going to continue and get worse.
Europe is likely to suffer a permanent loss in potential economic output as a result of the global crisis, and government finances will be under pressure for years to come, according to a new European Commission study.You know what will help? Having Obama in the White House. He'll definitely help destroy the European economy, and blame Congress for it.
I have read more than a few articles stating the same/similar facts about the EU &/or member states, like Germany. So, I am curious: why does the Euro remain so high? The same conditions and questions apply to the GB Pound. Japan has been bumping along on the bottom for over a decade, yet the Yen remains high, as well. Can you explain that to the forex-challenged, in lay terms?
No worries — their soon-to-be-permanent Muslim majority will get around to solving that problem in no time. Labor will be needed to demolish Churches, desecrate graveyards, jail people for not wearing headrags, etc.
So basically, all those rules and regulations are coming back to screw them.
Western Europe is in a secularist death-spiral
“The crisis is the equivalent of capital destruction, reducing – at least for a time – the productive potential of the economy, AKA “free trade”. The US is next on your agenda.
In the meantime China is implementing a ‘buy Chinese’ campaign. The WTO will throw the book at them, NOT.