Bail Or No Bail – How Much Trouble Is The Euro In?

The big news out of Europe this week was the announcement of a 50% write-down of Greek bonds held by European banks in another massive bailout of the embattled country. Problems with this approach began to surface quickly. The biggest and most challenging is the temporary injunction issued by the German Constitutional Court on October 28 barring any deliberations by a panel created by the German parliament. The injunction prevents the panel from green-lighting decisions about using taxpayers funds in the bailout program. Widespread expectations are that the current German Chancellor, Angela Merkel, will lose power as a result of her support for the bailout program.

The Eurozone created several economic asymmetries between Germany and other European countries. Germany is an export powerhouse replete with high wages and low production costs. The euro imposed a monetary straightjacket on all countries, irrespective of what monetary policy was best for which country. Low interest rates set by the European Central Bank (ECB) wreaked havoc by sparking real estate bubbles and debt-financed consumption. Now the PIIGS (Portugal, Ireland, Italy, Greece and Spain) are dealing with the consequences while Germany is being essentially forced to foot the bill.

On top of all the public and private debts accumulated thanks to the ECB’s low-rate policy, there are vast amounts of monies promised to aging beneficiaries of Europe’s social welfare programs. The number of active workers will shrink, and the number of retirees will rise, hampering the ability of governments to fulfil their obligations. Northern Europe has been subsidizing Southern Europe’s excess consumption for years. The PIIGS countries have run large current account deficits throughout the existence of the Eurozone. These structural pressures may simply be too much to bear.

No matter how much bailout money is committed to the program, unless massive structural changes occur, the Eurozone economy will continue to deteriorate. The big danger is that the wealthier northern countries like Germany will start experiencing problems due to contagion spreading from the PIIGS in the south. Ultimately, the Eurozone is doomed to experience a break-up, likely precipitated by Germany or Greece leaving the euro. Once that happens, the economies of all European countries will likely enter a prolonged readjustment phase. In other words, a new recession, which will likely drag the rest of the world down into it as well. The inevitable end result will occur sooner or later whether the participating countries like it or not.

My name is Nisha Sharma. I represent a site called ClearDebt.co.uk. I love to write, especially about travel, finance and business advice. Feel free to visit our site for more information on IVA and credit card debt

1,245 Responses to Bail Or No Bail – How Much Trouble Is The Euro In?
  1. businessinaustin.ga
    May 19, 2018 | 6:08 am

    Great remarkable things here. I am very happy to see your article. Thank you so much and i’m having a look ahead to contact you. Will you kindly drop me a e-mail?

  2. mejabalak
    May 19, 2018 | 7:19 am

    Hiya, I am really glad I’ve found this info. Nowadays bloggers publish only about gossip and web stuff and this is really annoying. A good site with interesting content, that is what I need. Thank you for making this web site, and I will be visiting again. Do you do newsletters by email?

  3. http://www.businessinboston.ga
    May 19, 2018 | 8:36 am

    There is obviously a lot to know about this. I suppose you made various good points in features also.

  4. games slots online
    May 19, 2018 | 9:05 am

    I loved as much as you’ll receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get got an nervousness over that you wish
    be delivering the following. unwell unquestionably come more formerly again since exactly the
    same nearly very often inside case you shield this increase.

  5. http://www.businessinaustin.tk
    May 19, 2018 | 9:19 am

    This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your great post. Also, I’ve shared your site in my social networks!

  6. Herschel Abdelwahed
    May 19, 2018 | 9:40 am

    Write more; that is all I need to say. It appears as though you relied on the movie to make your point. You know what you are talking about, why waste your intellect on just posting videos into your blog when you might be giving us something enlightening to see?

  7. Mardell Ranalli
    May 19, 2018 | 10:25 am

    Thank you for the auspiciousgood writeup. It in fact was a amusement account it. Look advanced to farmore added agreeable from you! By the wayHowever, how cancould we communicate?

  8. businessincharlotte.ga
    May 19, 2018 | 11:00 am

    Hello there, You have done a great job. I’ll definitely digg it and personally suggest to my friends. I’m confident they’ll be benefited from this web site.

  9. agen judi casino terpercaya
    May 19, 2018 | 11:16 am

    Hiya, I’m really glad I’ve found this info. Nowadays bloggers publish only about gossip and net stuff and this is actually annoying. A good website with interesting content, that is what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email?

  10. klik disini
    May 19, 2018 | 11:48 am

    Awesome post. I am a regular visitor of your blog and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a really long time.

  11. daftar casino online terpercaya
    May 19, 2018 | 3:33 pm

    Hey there. I found your blog via Google at the same time as searching for a related matter, your web site got here up. It seems great. I’ve bookmarked it in my google bookmarks to come back then.

  12. website berikut
    May 19, 2018 | 3:41 pm

    Hiya, I’m really glad I have found this information. Nowadays bloggers publish only about gossip and net stuff and this is really irritating. A good web site with interesting content, this is what I need. Thanks for making this website, and I’ll be visiting again. Do you do newsletters by email?

  13. klik disini
    May 19, 2018 | 3:43 pm

    Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish just about gossip and net stuff and this is actually irritating. A good site with interesting content, this is what I need. Thank you for making this web-site, and I will be visiting again. Do you do newsletters by email?

  14. baca selengkapnya
    May 19, 2018 | 4:09 pm

    Awesome write-up. I am a normal visitor of your website and appreciate you taking the time to maintain the nice site. I’ll be a regular visitor for a long time.

  15. medicine
    May 19, 2018 | 6:02 pm

    I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again

  16. holistic medicine
    May 19, 2018 | 6:03 pm

    Just want to say your article is as astonishing. The clarity in your post is just excellent and i could assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the gratifying work.

  17. kids health
    May 19, 2018 | 6:09 pm

    Thank you a lot for sharing this with all people you actually recognize what you are talking approximately! Bookmarked. Kindly additionally talk over with my web site =). We may have a hyperlink alternate contract among us!

  18. Johnny Quebral
    May 19, 2018 | 6:22 pm

    I wantedI neededI want toI need to to thank you for this greatexcellentfantasticwonderfulgoodvery good read!! I definitelycertainlyabsolutely enjoyedloved every little bit ofbit of it. I haveI’ve gotI have got you bookmarkedbook markedbook-markedsaved as a favorite to check outto look at new stuff youthings you post…

  19. Home Product and Service
    May 19, 2018 | 9:45 pm

    hi!,I like your writing very so much! percentage we keep up a correspondence more approximately your article on AOL? I require a specialist on this space to unravel my problem. Maybe that is you! Looking forward to see you.

  20. Home Product and Service
    May 19, 2018 | 11:47 pm

    Lovely blog! I am loving it!! Will come back again. I am bookmarking your feeds also

  21. Home Product and Service
    May 20, 2018 | 1:24 am

    I went over this web site and I believe you have a lot of good info, saved to fav (:.

  22. Best Bullet Vibrator
    May 20, 2018 | 1:35 am

    Appreciate you sharing, great blog article. Great.

  23. Gilberto Fiaschetti
    May 20, 2018 | 2:31 am

    HeyHowdyWhats upHi thereHeyaHiHey thereHello this is kindasomewhatkind of of off topic but I was wonderingwanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledgeskillsexperienceknow-howexpertise so I wanted to get adviceguidance from someone with experience. Any help would be greatlyenormously appreciated!

  24. klik website ini
    May 20, 2018 | 3:56 am

    Awesome post. I’m a regular visitor of your website and appreciate you taking the time to maintain the nice site. I’ll be a frequent visitor for a long time.

  25. harga mesin cuci sharp 2 tabung 8 kg
    May 20, 2018 | 4:28 am

    Hi there. I discovered your website by means of Google at the same time as searching for a comparable topic, your site came up. It looks good. I’ve bookmarked it in my google bookmarks to visit then.

  26. Home Product and Service
    May 20, 2018 | 5:48 am

    Fantastic beat ! I would like to apprentice while you amend your web site, how can i subscribe for a blog web site? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept

  27. Home Product and Service
    May 20, 2018 | 6:14 am

    Wow! This can be one particular of the most useful blogs We’ve ever arrive across on this subject. Basically Wonderful. I am also a specialist in this topic therefore I can understand your hard work.

  28. Home Product and Service
    May 20, 2018 | 7:03 am

    I want to show my gratitude for your generosity in support of men and women who have the need for guidance on in this study. Your real dedication to passing the message throughout appeared to be definitely good and have consistently enabled women much like me to attain their endeavors. The important publication can mean this much to me and far more to my mates. Regards; from everyone of us.

  29. bandar poker terbaik
    May 20, 2018 | 8:18 am

    Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish just about gossip and web stuff and this is actually frustrating. A good website with exciting content, this is what I need. Thank you for making this website, and I’ll be visiting again. Do you do newsletters by email?

  30. Google
    May 20, 2018 | 8:22 am

    Here is an excellent Blog You might Obtain Intriguing that we encourage you to visit.

Trackbacks/Pingbacks
  1. get more info here
  2. synchronized clock system
  3. Check It Out Here
  4. quartz clock fit-ups
  5. get more info here
  6. best motor for clocks
  7. wireless clock system
  8. click to next website page
  9. clock inserts suppliers
  10. design builder construction
  11. click here
  12. quartz clock fit-ups
  13. best clock movements
  14. Clock making parts
  15. bell systems
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/bail-or-no-bail-how-much-trouble-is-the-euro-in/trackback/

Bail Or No Bail – How Much Trouble Is The Euro In?

The big news out of Europe this week was the announcement of a 50% write-down of Greek bonds held by European banks in another massive bailout of the embattled country. Problems with this approach began to surface quickly. The biggest and most challenging is the temporary injunction issued by the German Constitutional Court on October 28 barring any deliberations by a panel created by the German parliament. The injunction prevents the panel from green-lighting decisions about using taxpayers funds in the bailout program. Widespread expectations are that the current German Chancellor, Angela Merkel, will lose power as a result of her support for the bailout program.

The Eurozone created several economic asymmetries between Germany and other European countries. Germany is an export powerhouse replete with high wages and low production costs. The euro imposed a monetary straightjacket on all countries, irrespective of what monetary policy was best for which country. Low interest rates set by the European Central Bank (ECB) wreaked havoc by sparking real estate bubbles and debt-financed consumption. Now the PIIGS (Portugal, Ireland, Italy, Greece and Spain) are dealing with the consequences while Germany is being essentially forced to foot the bill.

On top of all the public and private debts accumulated thanks to the ECB’s low-rate policy, there are vast amounts of monies promised to aging beneficiaries of Europe’s social welfare programs. The number of active workers will shrink, and the number of retirees will rise, hampering the ability of governments to fulfil their obligations. Northern Europe has been subsidizing Southern Europe’s excess consumption for years. The PIIGS countries have run large current account deficits throughout the existence of the Eurozone. These structural pressures may simply be too much to bear.

No matter how much bailout money is committed to the program, unless massive structural changes occur, the Eurozone economy will continue to deteriorate. The big danger is that the wealthier northern countries like Germany will start experiencing problems due to contagion spreading from the PIIGS in the south. Ultimately, the Eurozone is doomed to experience a break-up, likely precipitated by Germany or Greece leaving the euro. Once that happens, the economies of all European countries will likely enter a prolonged readjustment phase. In other words, a new recession, which will likely drag the rest of the world down into it as well. The inevitable end result will occur sooner or later whether the participating countries like it or not.

My name is Nisha Sharma. I represent a site called ClearDebt.co.uk. I love to write, especially about travel, finance and business advice. Feel free to visit our site for more information on IVA and credit card debt

1,245 Responses to Bail Or No Bail – How Much Trouble Is The Euro In?
  1. businessinaustin.ga
    May 19, 2018 | 6:08 am

    Great remarkable things here. I am very happy to see your article. Thank you so much and i’m having a look ahead to contact you. Will you kindly drop me a e-mail?

  2. mejabalak
    May 19, 2018 | 7:19 am

    Hiya, I am really glad I’ve found this info. Nowadays bloggers publish only about gossip and web stuff and this is really annoying. A good site with interesting content, that is what I need. Thank you for making this web site, and I will be visiting again. Do you do newsletters by email?

  3. http://www.businessinboston.ga
    May 19, 2018 | 8:36 am

    There is obviously a lot to know about this. I suppose you made various good points in features also.

  4. games slots online
    May 19, 2018 | 9:05 am

    I loved as much as you’ll receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get got an nervousness over that you wish
    be delivering the following. unwell unquestionably come more formerly again since exactly the
    same nearly very often inside case you shield this increase.

  5. http://www.businessinaustin.tk
    May 19, 2018 | 9:19 am

    This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your great post. Also, I’ve shared your site in my social networks!

  6. Herschel Abdelwahed
    May 19, 2018 | 9:40 am

    Write more; that is all I need to say. It appears as though you relied on the movie to make your point. You know what you are talking about, why waste your intellect on just posting videos into your blog when you might be giving us something enlightening to see?

  7. Mardell Ranalli
    May 19, 2018 | 10:25 am

    Thank you for the auspiciousgood writeup. It in fact was a amusement account it. Look advanced to farmore added agreeable from you! By the wayHowever, how cancould we communicate?

  8. businessincharlotte.ga
    May 19, 2018 | 11:00 am

    Hello there, You have done a great job. I’ll definitely digg it and personally suggest to my friends. I’m confident they’ll be benefited from this web site.

  9. agen judi casino terpercaya
    May 19, 2018 | 11:16 am

    Hiya, I’m really glad I’ve found this info. Nowadays bloggers publish only about gossip and net stuff and this is actually annoying. A good website with interesting content, that is what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email?

  10. klik disini
    May 19, 2018 | 11:48 am

    Awesome post. I am a regular visitor of your blog and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a really long time.

  11. daftar casino online terpercaya
    May 19, 2018 | 3:33 pm

    Hey there. I found your blog via Google at the same time as searching for a related matter, your web site got here up. It seems great. I’ve bookmarked it in my google bookmarks to come back then.

  12. website berikut
    May 19, 2018 | 3:41 pm

    Hiya, I’m really glad I have found this information. Nowadays bloggers publish only about gossip and net stuff and this is really irritating. A good web site with interesting content, this is what I need. Thanks for making this website, and I’ll be visiting again. Do you do newsletters by email?

  13. klik disini
    May 19, 2018 | 3:43 pm

    Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish just about gossip and net stuff and this is actually irritating. A good site with interesting content, this is what I need. Thank you for making this web-site, and I will be visiting again. Do you do newsletters by email?

  14. baca selengkapnya
    May 19, 2018 | 4:09 pm

    Awesome write-up. I am a normal visitor of your website and appreciate you taking the time to maintain the nice site. I’ll be a regular visitor for a long time.

  15. medicine
    May 19, 2018 | 6:02 pm

    I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again

  16. holistic medicine
    May 19, 2018 | 6:03 pm

    Just want to say your article is as astonishing. The clarity in your post is just excellent and i could assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the gratifying work.

  17. kids health
    May 19, 2018 | 6:09 pm

    Thank you a lot for sharing this with all people you actually recognize what you are talking approximately! Bookmarked. Kindly additionally talk over with my web site =). We may have a hyperlink alternate contract among us!

  18. Johnny Quebral
    May 19, 2018 | 6:22 pm

    I wantedI neededI want toI need to to thank you for this greatexcellentfantasticwonderfulgoodvery good read!! I definitelycertainlyabsolutely enjoyedloved every little bit ofbit of it. I haveI’ve gotI have got you bookmarkedbook markedbook-markedsaved as a favorite to check outto look at new stuff youthings you post…

  19. Home Product and Service
    May 19, 2018 | 9:45 pm

    hi!,I like your writing very so much! percentage we keep up a correspondence more approximately your article on AOL? I require a specialist on this space to unravel my problem. Maybe that is you! Looking forward to see you.

  20. Home Product and Service
    May 19, 2018 | 11:47 pm

    Lovely blog! I am loving it!! Will come back again. I am bookmarking your feeds also

  21. Home Product and Service
    May 20, 2018 | 1:24 am

    I went over this web site and I believe you have a lot of good info, saved to fav (:.

  22. Best Bullet Vibrator
    May 20, 2018 | 1:35 am

    Appreciate you sharing, great blog article. Great.

  23. Gilberto Fiaschetti
    May 20, 2018 | 2:31 am

    HeyHowdyWhats upHi thereHeyaHiHey thereHello this is kindasomewhatkind of of off topic but I was wonderingwanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledgeskillsexperienceknow-howexpertise so I wanted to get adviceguidance from someone with experience. Any help would be greatlyenormously appreciated!

  24. klik website ini
    May 20, 2018 | 3:56 am

    Awesome post. I’m a regular visitor of your website and appreciate you taking the time to maintain the nice site. I’ll be a frequent visitor for a long time.

  25. harga mesin cuci sharp 2 tabung 8 kg
    May 20, 2018 | 4:28 am

    Hi there. I discovered your website by means of Google at the same time as searching for a comparable topic, your site came up. It looks good. I’ve bookmarked it in my google bookmarks to visit then.

  26. Home Product and Service
    May 20, 2018 | 5:48 am

    Fantastic beat ! I would like to apprentice while you amend your web site, how can i subscribe for a blog web site? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept

  27. Home Product and Service
    May 20, 2018 | 6:14 am

    Wow! This can be one particular of the most useful blogs We’ve ever arrive across on this subject. Basically Wonderful. I am also a specialist in this topic therefore I can understand your hard work.

  28. Home Product and Service
    May 20, 2018 | 7:03 am

    I want to show my gratitude for your generosity in support of men and women who have the need for guidance on in this study. Your real dedication to passing the message throughout appeared to be definitely good and have consistently enabled women much like me to attain their endeavors. The important publication can mean this much to me and far more to my mates. Regards; from everyone of us.

  29. bandar poker terbaik
    May 20, 2018 | 8:18 am

    Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish just about gossip and web stuff and this is actually frustrating. A good website with exciting content, this is what I need. Thank you for making this website, and I’ll be visiting again. Do you do newsletters by email?

  30. Google
    May 20, 2018 | 8:22 am

    Here is an excellent Blog You might Obtain Intriguing that we encourage you to visit.

Trackbacks/Pingbacks
  1. get more info here
  2. synchronized clock system
  3. Check It Out Here
  4. quartz clock fit-ups
  5. get more info here
  6. best motor for clocks
  7. wireless clock system
  8. click to next website page
  9. clock inserts suppliers
  10. design builder construction
  11. click here
  12. quartz clock fit-ups
  13. best clock movements
  14. Clock making parts
  15. bell systems
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/bail-or-no-bail-how-much-trouble-is-the-euro-in/trackback/