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Post# of 122337
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properlynumb

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properlynumb

Re: None

Monday, 04/23/2012 1:35:59 PM

Monday, April 23, 2012 1:35:59 PM

Post# of 122337
Individuals have the luxury of failure.
As we fail, we re-asses our efforts, perhaps we call upon the family and friends who might offer support.

Governments don't have that luxury.
Democracies can be driven by fear..........
Europeans fear financial catastrophe.
Austerity is the knee-jerk reaction to European dept!
They are doomed!

Europe should find a default to the loans.
A regulated hair-cut on the bonds.
Investors should take a substantial loss.


Europe’s Austerity Backlash Gathers Steam in Merkel Test

By James G. Neuger - Apr 23, 2012 11:44 AM ET

http://www.bloomberg.com/news/2012-04-23/europe-s-austerity-backlash-gains-steam-in-challenge-to-merkel.html


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