Wednesday, June 13, 2012

Looming, pending disaster

Nigel Farage says the Spanish bailout makes things worse, not better, in Europe.

"This ship, the Euro Titanic, has now hit the iceberg and sadly, there simply aren't enough life boats," according to Farage, who is a member of European Parliament representing South East England. His comments came in Strasbourg earlier today (13 June 2012).

Farage makes the point well. For a couple years now, one fix after another has been touted for the disintegrating economies in Europe. But none of it has worked. Deterioration has only become deeper and spreak wider. 

I expect even crazier days lie ahead.

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