Problems Aren’t Going Away: EU Is Approaching The Danger Zone AGAIN As Spain And Italy Start To Tear Apart – The Economy Is Horrible And Governments Lost The Support of The Public
February 3rd, 2013
Suddenly, There Are Reasons To Worry About Europe Again…
Thanks to the ECB’s promise that it will backstop the government bond market, if necessary, the acute financial crisis from the past couple of years is basically over.
But there have always been risks.
For one thing, the economy is horrible, and people can only accept that before so long before society starts to tear apart.
And then there’s always been politics, and the worry that these governments will lose the support of the public, and be seen as corrupt.
That’s what’s going on now.
In Spain, a country that’s always been one of the biggest worries, there are calls for PM Mariano Rajoy to resign amid a big corruption bombshell in a Spanish newspaper.