Friday, June 22, 2012

A report says some big European countries want to push an economic growth plan at summit next week.

This just sounds like more lend, extend, pretend.

Growth is nice. And it's a key to economic recovery under normal circumstances.

But first, you need a firm foundation. Europe today is more like shifting sand. With some parts bearing more resemblance to quicksand.

No one is emphasizing a strong foundation. The political forces seemingly pour all their efforts into keeping the illusion of one alive.

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