The Curse Of The Euro: Money Corrupted, Democracy Busted – David Stockman’s Contra Corner 07-17-15

On July 17, 2015   /   Bond Market, David Stockman, Economics, Euro, Europe Economy, France Economy, Germany Economy, Greece Economy, Ireland Economy, Italy Economy, Major Trends, Portugal Economy, Spain Economy  

Salient to Investors: David Stockman writes: Germany has set fire to the Eurozone in order to save it. Lending another $96 billion to a bankrupt country makes no sense, while the fiscal targets set for Greece are ridiculous. Greece has a de facto public debt of $400 billion vs. $200 billion of GDP. Within days the

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