Dire warning: Severe recession possible across the Eurozone.

Discussion in 'Economy' started by iamwhatiseem, May 22, 2012.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    --- Like we didn't already guess that.

    News Summary: OECD warns risk rising for severe recession in 17-country eurozone - The Washington Post

     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    They need more stimulative big Daddy government spending...either that or another world war
     
  3. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    Only when they try German style austerity will they recover. Germany doesn't want to bailout profligate Europe with the money they saved through austerity, which makes perfect sense, while Europe wants to keep borrowing German savings so they don't have to endure any austerity. I hope Germany sticks it to the liberal profligates.
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Eurozone downturn accelerating...
    :eek:
    European business activity falls to near three-year low
    24 May 2012 - Economists say business confidence in Europe has been hit by worries over Greece

     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Austerity is an Epic Fail and I'm completely against it

    Europe and the US too should go through a repricing like the USA did in 1920 to wash all the crap out.

    Assets, liabilities and wages all need to be repriced.

    It won't happen, of course, the government will just continue to paper over the problem
     
  6. PoliticalChic
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    PoliticalChic Diamond Member

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    Talk about failing to learn from experience....

    ...the Left's goal is to make America more like Europe...

    even though being Europe isn't working for Europe...
     

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