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xchrom

(108,903 posts)
24. 'Europe Could Economize Itself to Death'
Thu Apr 26, 2012, 11:10 AM
Apr 2012
http://www.spiegel.de/international/0,1518,829936,00.html

Leaders across Europe continued to struggle Thursday with backlash against the largely German-driven austerity measures imposed as a result of the ongoing euro zone debt crisis.

In the Netherlands, where the ruling government coalition collapsed last weekend over failure to reach a deal on the country's budget, Finance Minister Jan Kees de Jager told reporters that he had constructive talks with different political factions. "I cannot say there is the prospect of an agreement," De Jager told reporters on Thursday. "But I see reason to continue talks."
Government instability in the Netherlands has translated into shaky markets this week, and further signals indicated a growing level of popular resistance to austerity measures as a solution for the debt crisis. Large-scale protests over the financial crisis have been staged recently across Europe, including in the Czech Republic, where 100,000 people took to the streets in Prague over the weekend to oppose government reforms and cuts.

On Wednesday, European Central Bank (ECB) head Mario Draghi made headlines by calling for a "growth pact" to help Europe out of the financial crisis. French Presidential candidate Francois Hollande, who is leading in the polls in advance of his country's May 6 runoff election, jumped on the comments. Hollande has proposed renegotiating the euro zone's fiscal pact to add provisions for stimulating growth.

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Talk About Wish Fulfillment! Cute Cartoon Demeter Apr 2012 #1
He's so done Tansy_Gold Apr 2012 #7
Loved the toon! DemReadingDU Apr 2012 #8
Those forks are done, too Roland99 Apr 2012 #9
Bend over Noot. Fuddnik Apr 2012 #18
Fed sees US economy recovering gradually Demeter Apr 2012 #2
Flowers leaves US for London Demeter Apr 2012 #3
Half of College Grads Under 25 are Unemployed or Underemployed Demeter Apr 2012 #4
Why the United States Isn't Europe Demeter Apr 2012 #5
Medicare and Social Security: Fact Vs. Myth By Richard (RJ) Eskow Demeter Apr 2012 #6
rainy day xchrom Apr 2012 #10
Exactly how it looked here, except for the lake Tansy_Gold Apr 2012 #31
Hollande wants EU treaty reopened xchrom Apr 2012 #11
Bailout of banks takes toll on Irish deficit xchrom Apr 2012 #12
"Splitting the Difference Between Myth and Reality Is Not Good Economics" bread_and_roses Apr 2012 #13
+1 xchrom Apr 2012 #15
+11 Fuddnik Apr 2012 #20
Obama Creates His Own Reality Demeter Apr 2012 #32
Deutsche Bank profits hit amid debt crisis xchrom Apr 2012 #14
'Economic unfairness' growing, says BBC poll xchrom Apr 2012 #16
Thank you... AnneD Apr 2012 #29
Ex-Morgan Stanley banker admits bribing China official xchrom Apr 2012 #17
Spanish banks ‘vulnerable’ and may need public help, says IMF xchrom Apr 2012 #19
David Cameron accused of idiocy over austerity mantra xchrom Apr 2012 #21
Britain's economy sinks into longest depression for 100 years xchrom Apr 2012 #22
AIG May Not Be as Healthy as It Looks xchrom Apr 2012 #23
Well, duh. Tansy_Gold Apr 2012 #25
We got out of AIG ..... AnneD Apr 2012 #30
Congratulations!!!! dixiegrrrrl Apr 2012 #34
So, You must have a nice, fluffy mattress now Demeter Apr 2012 #37
Let's just say I sleep much much better now.. dixiegrrrrl Apr 2012 #38
I can never be grateful enough..... AnneD Apr 2012 #40
'Europe Could Economize Itself to Death' xchrom Apr 2012 #24
Morning Marketeers..... AnneD Apr 2012 #26
I'm doing my best to keep Europe from collapsing. Fuddnik Apr 2012 #27
Way to go...... AnneD Apr 2012 #28
If you keep cutting a swathe like that Demeter Apr 2012 #33
LOL.... AnneD Apr 2012 #39
Would love to have your laundry detergent recipe. dixiegrrrrl Apr 2012 #41
It's Thursday! Initial claims and continuing claims numbers are out. tclambert Apr 2012 #35
Nasdaq above 3,000 and S&P 500 almost at 1400 tclambert Apr 2012 #36
You are not paying the right people.... AnneD Apr 2012 #42
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