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OpEdNews Op Eds    H2'ed 2/17/13

Economic Straight Talk

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Spain's Prime Minister Mariano Rajoy is Exhibit A. From 1997 - 2008, he "allegedly received roughly $34,000 per year." Perhaps he got much more. He won't say. 

His country faces crisis conditions. Unemployment exceeds 25%. Youth unemployment tops 50%. Austerity is prioritized when stimulus is needed. Rajoy enriches himself while impoverishing his people.

He lied to Spanish citizens. He denies troubled conditions. He claims bankrupt Spanish banks are solvent. Public rage rejects him.

"There can be absolutely no trust in" politicians like him. Transparency doesn't exist. Nor do fairness or sound policies. "The EU crisis will (fester) until this sort of corruption, fraud," and government malpractice ends.

Things aren't improving. They're worsening. The European house of cards heads for collapse. Responsible parties include prime ministers, financial ministers, treasurers, and ECB head Mario Draghi.

They're "all implicated in corruption scandals" and other type financial malpractice.

France is deeply troubled. Wealthy people are fleeing. "(T)he economy has begun to implode."

Months earlier, Germany examined the impact of economic collapse.

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VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

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