SPENGLER : Europe's crisis is about wealth, not growth: Bad behavior is being rewarded as European institutions continue to prop up the continent's asset bubble as part of a fallacious "growth policy". But as aging populations put catastrophic pressures on national pension and health systems, the issue is not growth - it is who takes the hit when Europe's illusory wealth is written off. (Jun 18, '12)
They certainly seem to want access to Germany's wealth (in more loans) before the euro collapses.
No comments:
Post a Comment