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Showing posts with label Euro. Show all posts
Showing posts with label Euro. Show all posts

Saturday, May 19, 2012

Greece needs the help of Zeus

Greece may drop the euro and exit the European Union. There is even talk of Greece using the dollar as currency.

A bank run has already started in Greece and more than $900 million has been withdrawn. Elections are pending.

http://www.bbc.co.uk/news/world-europe-18114556

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Saturday, April 28, 2012

Why is the US beating Europe in GDP?


Far Left Side explains:


And now our Chart of the Day: Real GDP 2003-2012. (The reason the U.S. is doing better than Europe is because we invested in stimulus, while they went austerity. Now thank your president.)

The US used classic Keynesian economic techniques: middle class tax cuts, tax incentives for housing, modest increases to Food stamps (SNAP) and uenmployment insurance  and increased government spending (the stimulus). 

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Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.

Permissions beyond the scope of this license may be available at rightardia@gmail.com.