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[b]NonRacist wrote:[/b]
[quote]Unlike Pattaya, Andrew knows "who to blame."

Causes:

While few predicted the financial catastrophe, almost everyone has an explanation as to why it happened.

To economists, it all seems painfully simple. Too much foreign money was flowing into the U.S. from the Asian countries especially China. The availability of easy credit meant that too many people borrowed to buy properties that they could not afford. The BANKERS bundled up these loans and sold them to investors that could not understand the complexity of these bundles and the risks inherent in them. Once U.S. borrowers started defaulting on their mortgages, they lost their houses and investors all around the world, including BANKS and HEDGE FUNDS, lost their investments. For the critics of BUSH adminsitration, the government failed to regulate the activities of the BANKING BEHEMOTHS. For the Fed critics, the crisis resulted from ALAN GREENSPAN'S policy of keeping the interest rates low for an extended period of time. Given the ongoing nature of the crisis, many complicated explanations will surface in the years to come.

Yet the root of the economic depression might very well lie in one fundamental human instinct: GREED.

http://yaleglobal.yale.edu/special_report/728[/quote]

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Topic History of: Eurozone crisis: The grim economic reality
Max. showing the last 5 posts - (Last post first)

Author	Message
Pattaya	www.bbc.co.uk/news/world-europe-29101128 French far-right 'at gates of power' - PM Manuel Valls 'France's far-right National Front (FN) party is "at the gates of power", Prime Minister Manuel Valls has warned.' 'His comments came after an opinion poll showed that FN leader Marine Le Pen would beat incumbent Francois Hollande in presidential elections in 2017.' Seems even the pro Euro left are worried!
Pattaya	www.bbc.co.uk/news/business-29063348 'In his latest blog BBC Business Editor Robert Peston described today's move as "a last roll of the dice". "The European Central Bank has now almost exhausted its ammunition for preventing the Eurozone sliding into a devastating deflationary, contractionary spiral," he said. Seems even the biased BBC has realised the truth!
Pattaya	www.dailymail.co.uk/news/article-2742783...-items-outlawed.html Oh look! The Eurozone get worse,The French will have lost billions over the Russian Navy vessel....so what does the EU do?...Yes boys and girls it fiddles in your kitchen while Rome burns ....
andrew	Pattaya wrote: andrew wrote: Pattaya wrote: www.bbc.co.uk/news/world-europe-29006799 German Eurosceptic party AfD wins Saxony state seats 'The AfD, which says it is anti-euro (the currency), rather than anti-Europe, won around 9.6% of the vote. Eurosceptic parties made large gains in the European elections in May. The projected results from Saxony, a state in eastern Germany, indicate a much more successful showing at the ballot box than had been predicted. The BBC's Damien McGuinness in Berlin says this is the first time that an anti-euro party has won seats in a German state parliament - which is big news in a country where support for the European Union is traditionally strong.' Now remember this is during a worldwide economic boom...normally a time when centralists dominate politics,and the status quo is maintained. Keep hold your Dyson Pattaya the EU will ban them if the exceed 900w, which means they be on longer as 900w picks up fuck all. At least the new Brussels Pole is paying lip service to the mood of the British public...but far too little too late.The Germans are warning of conflict in the east (one they helped to create),The Eurozone is in crisis,The Euro has not left crisis for 6 years.....and all we get is Brussels telling us how we can clean our houses!...... ....Anyway talking of Dysons,beware of the Dyson Doctor in Dane Road...if ye knew what I knew I heard he is a con merchant must be a mate of ITK, Brussels said our bananas are too bent for the EU are they homophobic against bananas ? Also our spuds are too small and the wrong shape for EU do they a have feitish for veg ?
Pattaya	andrew wrote: Pattaya wrote: www.bbc.co.uk/news/world-europe-29006799 German Eurosceptic party AfD wins Saxony state seats 'The AfD, which says it is anti-euro (the currency), rather than anti-Europe, won around 9.6% of the vote. Eurosceptic parties made large gains in the European elections in May. The projected results from Saxony, a state in eastern Germany, indicate a much more successful showing at the ballot box than had been predicted. The BBC's Damien McGuinness in Berlin says this is the first time that an anti-euro party has won seats in a German state parliament - which is big news in a country where support for the European Union is traditionally strong.' Now remember this is during a worldwide economic boom...normally a time when centralists dominate politics,and the status quo is maintained. Keep hold your Dyson Pattaya the EU will ban them if the exceed 900w, which means they be on longer as 900w picks up fuck all. At least the new Brussels Pole is paying lip service to the mood of the British public...but far too little too late.The Germans are warning of conflict in the east (one they helped to create),The Eurozone is in crisis,The Euro has not left crisis for 6 years.....and all we get is Brussels telling us how we can clean our houses!...... ....Anyway talking of Dysons,beware of the Dyson Doctor in Dane Road...if ye knew what I knew