This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
Moreover, Friday's "grand bargain" achieved nothing. ECB monetary policy won't be expansive. Britain and many EU countries won't follow budget deficit restrictions. All of them have poor track records keeping promises.
Greater trouble lies ahead. Bailouts and agreements beget new ones. Final resolution only is delayed. Contagion spreads Eurozone problems everywhere.
The longer crisis conditions persist, the worse they'll be when day of reckoning time arrives. It's just a matter of time.
Stephen Lendman lives in Chicago and can be reached at Email address removed.
Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/ .
Next Page 1 | 2 | 3 | 4 | 5 | 6
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).