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2012-10-19 Europe
Greece, Spain 'in depression': Nobel winner Stiglitz
Greece and Spain are in "depression, not recession", Nobel prize-winning economist Joseph Stiglitz said on Wednesday, blaming tough austerity measures for their downward economic spiral. Stiglitz also maintained that the International Monetary Fund was "a little too optimistic" in its forecast last week that the eurozone economy would shrink by 0.4 percent in 2012 and rise by 0.2 percent next year.
Posted by Fred 2012-10-19 00:00|| || Front Page|| [11131 views ]  Top

#1 The socialists finally ran out of other people's money.

Of course the EU is trying to squeeze more from Germany. When Germany runs out the whole shebang liquifies and oozes into the ground. Maximum entropy.
Posted by AlanC 2012-10-19 14:30||   2012-10-19 14:30|| Front Page Top

#2 It used to be when you used other people's money to finance your life style, it was referred to as embezzlement. When they were caught, their new lifestyle usually was indeed very austere - four walls, a cot, and three meals a day.
Posted by Procopius2k 2012-10-19 15:33||   2012-10-19 15:33|| Front Page Top

15:46 Skidmark
15:41 Skidmark
15:37 swksvolFF
15:36 Skidmark
15:34 Skidmark
15:27 Skidmark
14:48 NoMoreBS
14:31 NoMoreBS
14:16 NoMoreBS
14:15 NoMoreBS
14:04 swksvolFF
13:47 Regular joe
13:43 swksvolFF
13:38 swksvolFF
13:34 swksvolFF
13:31 Abu Uluque
13:25 Heribertus Vedente
13:24 mossomo
13:20 Abu Uluque
13:14 mossomo
13:06 swksvolFF
12:51 Grom the Affective
12:31 Abu Uluque
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