Euro Zone Economy Shrinks; Recession Returns in France By DAVID JOLLY March 15, 2013 From THE NEW YORK TIMES Dr. Pinna says… This article supports my thesis that the E.U., like the USA, is shrinking in terms of output and employment. This shrinkage will grow with each year. The reason [...]
Euro Recession Seen Longest in Single Currency Era By Stefan Riecher – May 13, 2013 From BLOOMBERG Dr. Pinna says… As we see below, the EU is falling into a deeper and deeper economic recession. What to do? Realistically, there is nothing that [...]
The history of Europe for the last three thousand years shows repeated attempts at forming large groups of people. All of these large groups failed repeatedly and the people involved returned to their cities or farms and their local cultures.
Germany’s finance minister has warned Cyprus that its crisis-stricken banks may never be able to reopen if it rejects the terms of a bailout.
A planned tax on Cyprus bank depositors as part of a European Union bailout is sending people rushing to ATMs to withdraw cash.
Germany’s anti-euro party is a nasty shock for Angela Merkel By Ambrose Evans-Pritchard 10 Mar 2013 From THE TELEGRAPH Dr. Pinna says… The Euro-skeptics, of which I am one, are on the march. Shall the hard workers of Europe support those who are hanging on to their shirt tails? [...]
Euro Leaders Demand Austerity as Italy Nears New Vote By Patrick Donahue - Mar 4, 2013 From BLOOMBERG Dr. Pinna says… We are looking at a scene in which two forces predominate: 1.) Paying back the banks for their loans. 2.) Continuing to live La Dolce Vita. The rich countries want everyone to pay back [...]
4 March 2013 Last updated at 06:08 ET Germany mulls Schengen veto on Bulgaria and Romania Germany says it will not allow Bulgaria or Romania to join the EU’s passport-free Schengen zone if the issue is put to a vote in the EU on Thursday. March 4, 2013 From the [...]
