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Why Spain And Italy Are Like Cyprus, Slovenia, And Greece
The "XXXXX is not YYYYY" jokes aside, Europe's union of nations is beginning to separate increasingly between the haves and the have-nots. The sad truth, as Bloomberg's Niraj Shah notes, is that recession/depression has pushed Spanish and Italian GDP-per-capita below the EU average in purchasing power terms - just like Cyprus, Slovenia, and Greece. Irish GDP per capita was 29% above the average, while Greek and Portuguese per capita output were 25% below. Output per head for the EU ranged between 47% (Bulgaria) and 271% (Luxembourg) of the average. With today's news that retroactive ESM recaps are unlikely, the banking-sovereign symbiosis of Spain and Italy will increasingly come under pressure and with productivity so dismal, there is little hope for now.
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"Why The Entire Western World is Like Cyprus, Slovenia, And Greece" - Fixed.
Its a good thing olive oil is such a good lube, the people of the Eurozone are going to need it for the impending fucking they're about to experience.
So when USTs are no longer a safe haven to panicked Europeans where do they run??
A "Tale of Two Cities" becomes "A Tale of Two States" (ironically enough. Two "states" indeed.) "Europe" for all intents and purposes is dead....cleaved in two as it were "with no room left for a middle ground or third way." Easy to play the blame game here...or see dark forces at work...but the record clearly "states" that this still is "Europe's plan." It is ironic that the USA is pulling back from representative democracy right now. Never has it seen so much in demand. I certainly see no reason why Congress can't be "expanded" somehow to say...10,000 reps. The Senate would still remain rarified of course...another hundred? Certainly a "path to Statehood" seems warranted given the results of World War Two. And of course I know of no Government on earth that allows for such a process that "safe, legal and rare." Certainly "acceding to the eurocracy" doesn't seem very...is Fair the word I'm looking for? Obviously I still would not invest a dime over there given the "Forward Template" approach.
I'm moving to Luxembourg
thay are waiting for you :)
I heard Swiss citizenship costs over a mil.
Andorran costed a comparatively insignificant 30k, unfortunately, that just ended.
Dominican citizenship can still be had for a small 200k "investment".
Nothing like the smell of 3.7Mil per capita debt (or just under 3,500% of gdp) in the morning, heh?
Weren't Spain and Italy just as poor as Greece, with prices a fraction of the northern countries, before this grand experiment made them more level? All they did was ruin cheap vacations. But the big corporations could sell more of their cars and appliances.
Remember that song they used to use in the OLD Heinz Ketchup commercials? "Anticipation..... is making me wait"
Who sings that? ABBA? Doobie Brothers?
I get that damned song stuck in my head every time I think about The Europe.
EDIT- I wrote "The Europe" by complete mistake, but as I read it, I kinda liked it, so I left it that way. The Bernank, The Europe. It kinda works.
A quick check in the YouTube search box shows both the Heinz commercial and that the song 'Anticipation' was by Carly Simon
Adding to the fortune of Teresa Heinz, married to US Secretary of State and warmonger John Kerry a.k.a. John Kohn (family name changed to hide Kerry's Jewish heritage and make him sound as if Irish in the area of Boston USA where he launched his political career)