the ECB making a three trillion euro investment in club med sovereigns oughta turn the tide nicely
and as mark suggests at no cost to zone tax payers
and then this
"The problem is that the ECB, and other European authorities led by the German government, are still playing the same game ..... that they have been playing for the past two years. They are.... forcing austerity policies on the weaker eurozone countries than they are about tanking the European and global economy. They continue to see the crisis as an opportunity to force through unpopular “reforms” – such as cutting jobs and pensions, raising the retirement age, privatizations, and reducing the size and scope of the welfare state."
exactly
but i barbered out some misleading accents
"its a game of brinkmanship "
nope no brink here
not with the ECB able to clock any run in its tracks
the corporate guardian class
" is more worried about ...
(pruning the euro pub secs)..." than they are about tanking the European and global economy"
no way
this crisis this contrived crisis
is not dangerous to systemic conditions
its like a controled burn
savage and deep but
no one should mistake for a run away forest fire
" They have already caused a recession in the eurozone
and seem more than willing to let it deepen in order to get what they want. "
indeed
but that hardly leads to a general global contraction without a massive unblocked run out
of funds
"The big question now is whether their recklessness will bring on a financial crisis that triggers a world recession."
recklessness
nonsense mark
and as to any "GLOBAL" recession
the tells will be the brics fiscal policy moves as they face slow downs
not the euro zone's budgets
or
the two norte amigos for that matter
will china if not brazil and india fire up the big deficits to power on here ???
hey the two track yellow flag green flag could fod down into a general stag
if the robust south market economies faulter in the next three quarters
