Unemployment Movement

For many it will be all too easy to dismiss Ireland’s demise and celebrate the Euro crash but the aftershocks of either falling will hit the British economy seriously hard. Be prepared as this post suggest we are closer to `DEBTONATION` than many think.

Ireland Will Default

Ireland cannot possibly pay back its debt. It needs to shrink its deficit from 30% of GDP to 3% of GDP while going on a massive austerity program and having to pay back obscene loans at 5.8%.

Because of the austerity program Ireland cannot possibly grow at 5.8%. Heck it is highly unlikely to grow at all. It cannot afford the interest, let alone the principal.

The market has figured this out whether the ECB and EU have or not.

Source; global economic analysis

Related Article; portugal insolvent says citigroup chief


Nigel Farage: Euro Empire Collapsing, Bailout River Dry

A Favourite here, Max Kieser give you the low down on Ireland and Europe and now we hear that the US is about to bail out the Euro. What with, off course the IMF but hey these Bankstas are bankrupt!

US Ready to Back Bigger EU Stability Fund: Official

While reluctant to dictate to Europe how it should address the unfolding debt crisis, the U.S. government is growing concerned about the global fallout of Europe's predicament.

Source; CNBC

Now listern to Mighty Max;