They tried a uniform front to prevent Grecian default. With the Spanish crisis building, it’s every country for itself…
After spending over Euro 200 billion over three years to solve a Euro 40 billion problem, the problem is not solved and Spain’s collapse is on the horizon. Sarkozy is in deep trouble, the Euro economies are in decline, and everyone is looking for a way out.
GeoffTalk.com goes on the record to say that there is no way out. The EU is doomed as currently structured. The weak countries must leave the Eurozone. Germany is proving to be the only strong country that is viable, and its leadership is now considering a ‘leave the Eurozone’ strategy as well.
GeoffTalk.com will be following the machinations in the EU with great anticipation. The weakened economy, loss of confidence, and lack of visionary leadership will result in the collapse of the Eurozone, likely in less than 18 months.
Postscript: April 23, 2012 The Pain in Spain – Outside the Box Investment Newsletter – John Mauldin: http://www.johnmauldin.com/outsidethebox/the-pain-in-spain
PS2: April 23, 2012 Mish’s Global Economic Trend Analysis: Eight of Ten Largest Stocks in Spanish Ibex Index Below Liquidation Value; Madrid Rejects Regional Budgets Representing 32.5% of GDP; Treasury Warns of “Immediate” Intervention: http://globaleconomicanalysis.blogspot.com/2012/04/eight-of-ten-largest-stocks-in-spanish.html
PS3: April 23, 2012 Mish’s Global Economic Trend Analysis: Eurozone Manufacturing PMI Hits 34 Month Low; German Manufacturing Hits 33 Month Low; Orders Drop Steeply Across the Board: http://globaleconomicanalysis.blogspot.com/2012/04/eurozone-manufacturing-pmi-hits-34.html
PS4: April 24, 2012 Steve Keen On Europe’s Delusion And Why The Entire World Is Turning Japanese | ZeroHedge: http://www.zerohedge.com/news/steve-keen-europes-delusion-and-why-entire-world-turning-japanese
PS5: April 25, 2012 Euro Zone: EU Faces Fight as Investors Take Flight – Business News – CNBC: http://www.cnbc.com/id/47168400
PS6: April 25, 2012 22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets: http://theeconomiccollapseblog.com/archives/22-red-flags-that-indicate-that-very-serious-doom-is-coming-for-global-financial-markets
PS7: April 25, 2012 THE ECONOMICS OF ZERO INTEREST RATES: http://www.globalresearch.ca/index.php?context=va&aid=30524
PS8: April 27, 2012 Mish’s Global Economic Trend Analysis: Eurozone Retail Sales Plunge at Strongest Pace Since Late-2008; German Retail Sales Plunge Into Contraction; French Retail Sales Plunge at Record Pace; Record Job Losses, Record Retail Plunge in Italy: http://globaleconomicanalysis.blogspot.com/2012/04/eurozone-retail-sales-plunge-at.html
PS9: April 27, 2012 22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression: http://theeconomiccollapseblog.com/archives/22-signs-that-the-collapsing-spanish-economy-is-heading-into-a-great-depression
1) April 20. 2012 27 Statistics About The European Economic Crisis That Are Almost Too Crazy To Believe: http://theeconomiccollapseblog.com/archives/27-statistics-about-the-european-economic-crisis-that-are-almost-too-crazy-to-believe
2) April 20, 2012 Spain is Greece… Only Bigger and Worse – Gains Pains & Capital — An Investment Newsletter From Phoenix Capital Research: http://gainspainscapital.com/?p=1675