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http://www.huffingtonpost.com/peter-s-goodman/crisis-europe-global-economy_b_1024392.html
At this point, anyone not officially frightened by the bleak situation in Europe simply hasn't been paying attention....
Across the continent, as in the United States, political leaders who are intent on pandering to know-nothings or who are under the influence of deficient economic beliefs have embraced austerity as the cure for the advancing diseases, much like prescribing a starvation diet for a patient wasting away from malnutrition.
As if all of this were not enough, another disaster is now unfolding, one that only amplifies the others: Markets are justifiably losing confidence that Europe has the structure or the political will to address the storm threatening to tear it apart....
Speaking in 2007, Jean-Claude Juncker, the prime minister of Luxembourg, famously put it this way: "We all know what to do but we don't know how to get reelected once we have done it."
Why don't they try Iceland's solution? They just refused to pay the debt, effectively declaring a Jubilee. I have noticed that news articles now tend to ignore Iceland altogether. They used to talk about the PIIGS, not it's just the PIGS (Portugal, Ireland, Greece, Spain).
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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