Toronto Star: Eurozone cure could be worse than disease

[marmar]

Europe has put itself — and the world — in an impossible position.

If its plans to deal with the continent’s accelerating debt crisis don’t work, cascading bank failures could trigger another global financial meltdown, like the one that knocked Canada for a loop three years ago.

But if these plans do succeed, the result could be mass unemployment and political instability across a wide swath of Europe.

And that, as history demonstrates, would threaten Canada and the world even more. .............(more)

The complete piece is at: http://www.thestar.com/news/canada/politics/article/1076499--walkom-eurozone-cure-could-be-worse-than-disease

[hifiguy]

1. The parallels to the post WWI period are

unsettling to say the least. We all know how those collaped economies turned to.

[Kaleko]

2. This is a really good article.

Well worth reading.

[onethatcares]

3. I guess no one ever took the time to read "the Shock Doctrine".

because the entire scam is laid out there for everyone to see.

Jeeezz, the IMFers and world bank have been practicing this shit for years and now they get to screw over half the world.

[hifiguy]

4. I've read it twice.

Most frightening book I have ever read in my life. These are real monsters, unlike Stephen King's.