CommunityFDL Main Blog

The Austeres

pic via London Permaculture at flickr.com

Hey look everybody how well this has worked:

An influential group of international banks and insurers has attacked political leaders in Europe over their handling of the Greek crisis, arguing that the singleminded pursuit of austerity has made the situation worse.

The Institute of International Finance, which last year brokered a deal between Greece and international bond investors to halve Greece’s private debts, said politicians were playing a dangerous game by putting their desire for debt reduction ahead of co-ordinated efforts to spur growth.

But there is only one possible solution for the negative affects of austerity and that is more austerity:

German Chancellor Angela Merkel told Greece on Tuesday that the “tough path” of painful spending cuts will pay off, as tens of thousands protested in a show of anger against her visit to the eurozone’s most indebted nation.

Greece’s pain sure is paying off for Germany.

Previous post

Romney pulls ahead; Social Security makes or breaks Obama?; Hey Stein, attack!

Next post

Fatster's Roundup

Attaturk

Attaturk

In 1949, I decided to wrestle professionally, starting my career in Texas. In my debut, I defeated Abe Kashey, with former World Heavyweight boxing Champion Jack Dempsey as the referee. In 1950, I captured the NWA Junior Heavyweight title. In 1953, I won the Chicago version of the NWA United States Championship. I became one of the most well-known stars in wrestling during the golden age of television, thanks to my exposure on the Dumont Network, where I wowed audiences with my technical prowess. I was rumored to be one of the highest paid wrestlers during the 1950s, reportedly earning a hundred thousand dollars a year. My specialty was "the Sleeper Hold" and the founding of modern, secular, Turkey.

Oops, sorry, that's the biography of Verne Gagne with a touch of Mustafa Kemal.

I'm just an average moron who in reality is a practicing civil rights and employment attorney in fly-over country .

40 Comments