World Business News- Top Story- EU disunion over Greek Debt Crisis
EU Debt Crisis could speak to a larger issue, the impracticality of massively united systems in the new global reality. As the Greek Debt problem grows, it is becoming apparent to EU members that being a member of a large union puts each member’s country at risk to the effect of even a small member of that group.
World News- Business- EU debt test- will the union hold in the face of the growing debt crisis?- Top Story
6. February 2010 by admin.
Euro Debt Crisis Is Political Test for Bloc- NYTimes
PARIS — What began with worries about the solvency of Greece in the face of high deficits, fake budget figures and low growth has quickly become the most severe test of the 16-nation euro zone in its 11-year history.
Anxiety about the health of the euro, which has spread from Greece to Portugal, Spain and Italy, is not simply a crisis of debts, rating agencies and volatile markets. The issue has at its heart elements of a political crisis, because it goes to the central dilemma of the European Union: the continuing grip of individual states over economic and fiscal policy, which makes it difficult for the union as a whole to exercise the political leadership needed to deal effectively with a crisis..
http://www.nytimes.com/2010/02/06/world/europe/06europe.html
Posted in World Top Story, World Business News, blog news, world news, Freedom News |
Here the point of the disunion is driven home:
International » Debt Crisis in Euro Zone Is Severe Political Test …8 hours ago
Debt Crisis in Euro Zone Is Severe Political Test for Bloc. Anxieties about the health of the euro go to the central dilemma of the European Union: the grip of states over economic policy, which makes it hard for the union as a whole to …
International – http://international.e3w.eu/
How do the blogs cover this emerging story?
DAY TRADING FOREX: Europe’s debt crisis intensifies14 hours ago by lgcsdv
They also have to work toward getting back below the strict EU limits on debt and deficits that the financial crisis has forced them to break, as they spent billions to rescue banks and boost economic growth with extra spending and …
DAY TRADING FOREX – http://daytradingfkli.blogspot.com/
Debt in the EU’s States…as compared to? « From the Dessicated Desk …1 hour ago by euandus
In an article from MSNBC on the public debt crisis facing some of the EU’s states, the reporter writes: “Analysts are also growing more worried about the U.S. budget deficit, which remains higher than that of most eurozone nations. …
From the Dessicated Desk of Dr. Skip – http://euandus3.wordpress.com/
Warning of Greek crisis spreading across EU — Signs of the Times News21 hours ago
Warning of Greek crisis spreading across EU. Print. Phoenix. Ambrose Evans-Pritchard Sydney Morning Herald Fri, 05 Feb 2010 15:37 EST. The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets …
Signs of the Times – http://www.sott.net/?q=Save+Us+From+Berlusconi
How the Greek Debt Crisis threatens the whole EU market:
As America grows its own debt crisis through the intentional printing of money and bloated government spending by the Socialist regime, the Obama administration, the rest of the world wonders how profitable it is, longterm, to be heavily dependent on an American-dominated world market. The cracks in Global-Scale systems are beginning to widen.
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