pack of cards. Good riddance, can't wait for the day! And so this ongoing financial analysis goeson!
Stimulus, austerity or a combination of both? I can't see any of the above scenarios working.
Austerity and the “Western Engine of the world economy” (Germany) spirals into decline,taking the BRICS with it. Use “stimulus” and money printing and we end up like Zimbabwe.
There's no magical growth on the horizon to pull us out of this spiral, at least nowhere nearenough.Kicking the can ever further down the road won't work forever. One could save a lot of timeand effort and just tell us we're all in deep water. One day the world will move on, but therewill be a very different political and economic landscape. A New World Order: perhaps?? I thinkafter a couple of years of frustrated viewing we are starting to see the 'markets' (whoever the
people are that make up the “market” they seem to be extre
mely gullible).FINALLY, cottoning on to the fact that the pantry is bare and there is no solution to the Eurothat doesn't involve the end of the Euro. As the saying goes "you can't fool all of the people allof the time"; well the time of fooling everyone except themselves seems to be running out forthe EU elite and they are going to be eating humble pie sooner now I think, rather than later.Mind you, they do have a remarkable capacity for dragging this out while they feather theirown nests, but we do seem to be getting close to the end game, finally.
More verbiage, no real action - IMF calls on ECB to act
The International Monetary Fund is pleading with the European Central Bank to do more to fixthe eurozone crisis. In a report released at 2pm, the IMF said the ECB could, and should, domore to prevent the euro unraveling, arguing: The ECB can provide further defenses against anescalation of the crisis.Its recommendations included :
• considering further interest rate cuts
• a "sizeable" quantit
ative easing package, to stimulate the eurozone economy
• giving the ECB full 'lender of last resort' powers
• restarting its Securities Markets Program (to buy up peripheral sovereign debt)
Suggestions 2, 3 and 4 are unlikely to be welcomed by stronger members of the eurozone (thinkGermany, Austria, Finland...) who could also fear that lower interest rates would drive inflationup.