The Spanish government announced measures totaling 10 billion euros (health and education). The markets thought that the recession in Spain will grow and increased interest rates.
In Italy, Monty, having come to China for investment and as he cut wages, pensions andsocial benefits, see the interest rates go up.
The European Central Bank considers that governments are responsible, because theyare slow to take action.
The markets show that the structural changes brought recession.
Governments are taking measures , as measures depress , so the ECB and Germany’s plan leads us astray.
We reached the point where even those who support the European Union and the euroare beginning to doubt.
Look what happened in Greece:
The unreliability of the State created debt crisis. The crisis brought lending liquidity crisis. The crisis of liquidity has brought restrictive measures (reductions in salaries, pensions, socialbenefits). The restrictive measures brought recession. The recession has brought other measures. The other measures have brought more recession.
The same happens with Ireland , Portugal , Spain , Italy , Holland and any other country (all) that exercises a tight policy.
Germany has so far not been affected at all.
But in the European Union , where most states have problems , no one is left unharmed. Germany will pay in the end for everyone.
I predict that after the elections in France (no matter who will come as president ) the markets will attack ferociously.
I think after Greece , Portugal , Ireland , the next country facing enormous economic problem will be France and almost the same time Italy and Spain.
If the EU followed the UK and there was no common currency there would not be this kind of crisis.
It is obvious that capitalism is a huge problem. For this blame the new forms of investment that did not exist until the late 70’s (derivatives , leverage , unrestrained action of stock groups).
An economic instability in France, Italy and Spain will mean the end of the euro, the collapse of the global financial system and the spread of the crisis … worldwide.
The economic misery will bring uprisings – revolutions. Governments in order not to revolutionize their people , will discover internal and external enemies. Local wars will start at the beginning and then generalized.
I think it is too late to prevent changing situations. The French elections are the next weeks and in the U.S. in the fall.
Governments and the think tanks of them have well understand to where the situation is driven. They know that all they can do is to limit public information.
Therefore have passed a series of laws (ACTA , SOPA , PIPA , CISPA 101) for commercial purposes is supposed to be , so they can be able to control the flow of information.
What today is called intellectual and commercial property (ACTA) , tomorrow will be called the ban reproductive information.
The views and opinions could not be able to moved to the citizens of other states (PIPA). Each state will have its own official information network that is going to be completely different from other states. When citizens have a unique source of information the official state , then governments can very easily create internal and external enemies. (We’ve read all this in the ”1984” G.Orwell).
First I would suggest to address the issue of free movement of information and there to turn our attention now.
If we can bypass the ACTA, SOPA, PIPA, CISPA 101 then we can at least be aware to struggle against the new global dictatorship that wants to be imposed on us.