Didn’t the Italian PM make the same statement about three weeks ago? Suppposedly, that was the crucial week. I agree. If there was a solution, we would have seen it by now. But then, what leader would ever say, “we passed the point of no return years ago.”
I’m afraid we’re in the same position.
The whole issue is a transfer of wealth from Germany, Denmark, Holland and Finland to the Club Med. I somehow don’t think the hard working people of the North are going to buy it in the end. German’s just aren’t going to work until 67 to see their others retire at 57.
—I’m afraid we’re in the same position.—
When, for every dollar we spend we borrow another 40 cents, and the economy is contracting, you can bet your sweet bippy that this can’t go on much longer.
Hyperinflation is the only way this can end. Period.