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Europe: from stagnation to collapse
  • The Euro crisis of 2011 is a prelude to financial chaos in 2012. Efforts to prop up the system have failed, threatening a fresh financial crisis and perhaps the collapse of the Euro itself. A mass movement against austerity must be built.

    http://www.counterfire.org/index.php/articles/analysis/15370
  • 5 Replies sorted by
  • It's all a carefully thought out game that you can't win...

  • I born in the 1978 and live between Germany and Italy. For thirty years I hav heard of the crisis, and every decade is worse than the prevous; and every crisis is the worste! And all within the walls of the house say that we should make a revolution..

  • The collapse has already happened. We're just pretending it's still OK. Does anyone believe the TBTF banks are solvent?

  • If it's Tuesday, it's time to bail out Greece/Portugal/Spain/Italy/Hungary/etc. Even an old tin pot can only be patched up so many times, right?

  • Well, @onion, it hasn't hit the netherlands yet. We're buffered by all those meaty tourists up here.