Who goes next in Europe
By telmesh
@telmesh (1793)
November 8, 2011 4:14pm CST
First of all with the euro failing and European countries need trillions to sort their economic problems.
Papandreou resigns and now Berlusconi is about to resign who will be next.
Is the capitalist world failing because they have they have turned their back on getting their balance of payments right.
3 responses
@lampar (7584)
• United States
9 Nov 11
The sooner Greek and Italian are willing to let go of their weak leaders and self centered politicians, the higher chance for them to fix their domestic fiscal woes and financial crisis. These leaders had not done their job well while in office, it is time to let them go and drop out of office. Somethings good will come out of both countries after their departure from government offices, eurozone will stand a chance to resurface without going into deeper woes. 
1 person likes this
@lampar (7584)
• United States
10 Nov 11
Evem if these two rats are to be forced out of their high office, the debt crisis in Italy and Greece are not going away overnight, more negotiation and bail out from Eurozone and IMF or even China are still necessary to keep their financial woes situation from going into prolong instability. But without these two rats from messing up both countries finances and fiscal books again in the future can give some reassurance to the investors and the public some consolation that any measure taken in the day ahead is going to be effective, and the eurozone leaders are serious about rescuing the present debt crisis in both countries. At least any bail out fund in the amount of trillion of dollar can not be plundered and wasted again by these two high ranking rats holding high office in the land; Italians and Greeks can be rest assureed both of their leaders can't continue enjoy their ill gotten personal wealth thro' failed economy policy that only serve their own personal and family interests while taking their countries to an economic hellhole again.
@telmesh (1793)
•
9 Nov 11
Hi Lamps the first thing that will have to happen is that the population are going to be squeezed so hard financially till the pips squeak and they wont be happy. Expect strikes demonstrations with all the turmoil that goes with it. The leaders have pandered to the population in every way and there will be nothing easy. Will any or all of the remaining 3 failing governments loose there governments.
@mensab (4200)
• Philippines
9 Nov 11
unfortunately, capitalism will stay because we don't have much of an alternative that works. some of european countries are under financial distress, but not the whole europe. only some which have not practiced prudence when it could in times of abundance and opportunities. now, the world is into self-correcting measures. we will learn, and we are learning the hard way.
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@sierras236 (2739)
• United States
9 Nov 11
No, it is failing because it is the other way around. Not enough capitalistic creation of euros and too much recycling of government euros.
Europe never should have entered the Euro system. This is very likely the beginning of the end.
Italy is likely after Greece.
Germany will abandon the sinking ship at some point.
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