Tensions in Italy = Bailout ?

The New York Times: Reports on the internal political tensions within the Italian Government, the conflict between the Prime Minister and the Finance Minister, how this could threaten the Italian economy. As the article notes folks, if Italy goes then the whole order comes crashing down, US and Western banks hold billions if not trillions of Italian debt, should Italy fail to pass a tough enough economic package then the markets will hit Italy, one has to ask can Italy take a market battering, can the EU/IMF afford to see Italy fail. If this blog was a bank it would start to sell Italian debt under the radar and take out debt cover with US banks should Italian banks be the first to fall. Its not looking good out there folks.

Italy = The Next Big Bailout ?

Guardian: Reports that Italy has promised a tough austerity package over market worries that Italy can not afford to pay back its debt, as the article notes Italy was “ firmly in the eye of the eurozone debt storm on Monday…”. Thus folks we have seen two bailouts of Greece, and one so far for Ireland and Portugal, one has to come to the conclusion that the EU has to have major meeting and discuss how much debt these EU countries and how much it would take to bailout them out, the above mentioned are broke, they are all in the Euro, and the austerity packages will really hurt main street. Thus something has to give folks, either the EU gets its wallet out or theses countries have to default and restart their economies and welfare state in manner for the 21 Century. There is no strategic thinking, its one disaster after another, and lets not forget the fourteen trillion debt of the US, if that goes down then we area all in the toilet. The 21 Century has to see the West have another look at its welfare structure, lets be honest folks, old people are not falling of their perches fast enough and the young work force has declined. Something has to give, either taxes go through the roof or the welfare state of Western Europe has to change, who is going to bite the bullet folks, one thing this blog will promise, that politician in the future will look good but will only serve one term in office, that is the price of reform folks.

Italy and Spain, Who Next to FALL ?

Telegraph: Reports that debt bonds by Italy and Spain have sky rocketed over the their debts. Folks you can forget the PIG countries should either Italy or Spain go under, the German Government wants austerity from Italy, good luck with that, it hardly has a function Government, the personal scandals of its PM is more fun for the newspapers than the fact Italy is coming close to being broke, it should consider its position, it might just have to leave the Euro. Lets be honest folks, if the PIGS left the Euro the Euro just might last, otherwise its going down the toilet and taking the EU with it, the politicians have their heads in the sands, they cant cut bait and that bait is the Euro.

US and Syria = War of Words

BBC News: Reports that US Secretary of State Hillary Clinton has stated that the Assad Regime no longer has legitimacy in Syria. When did Assad ever had legitimacy, the Assad regime has always been a tyrannical family run state, President Assad will just have supporters attack more Western Embassies, the case of Libya has shown that if you call for the removal of a regime you have to follow through with ground troops, otherwise these third rate dictators will just play out the game and wait for the French to buckle as has been the recent case with France over Libya.