Europe eurozone leaders move to stave off financial fallout to Italy/Spain

 By Christopher Hessman

http://ProvenAutomatedBiz.com

 The European union is trying to save Greece's debt crisis which will pull down Italy and Spain which will pull down the Euro and Europe.   Can they just stop giving everything away promising utopia that is now just an empty promise.  One can not just keep giving away someone else s money for ever.  If you need a reminder just look to the United States the only problem we have is our current President and the memory loss democrats that stole our grand-children's futures and they spent more in just 2 1/2 years than any other Congress or Presidency.  Now they are saying they need to slash spending.  Do we Americans have such bad memories or are we just that STUPID. Can Europe pull out of the socialist give away and just stop their spending.  If they can all just re-negotiate these debts for a short term forward in months could give nations time to pull out of their own financial messes.   If Italy and Spain are pulled down could the the European Central Bank save Europe.  The European Central Bank has strongly opposed this plan, arguing that such a rollover would constitute a default in the eyes of the international credit ratings agencies and, as such, would undermine investor confidence and the euro itself.

Now could this be taken as hypercritical?

President Barack Obama has also weighed in, calling Mrs Merkel on Tuesday night to stress the importance of tackling the debt crisis in sustaining the global economic recovery.  Since he and the democrat's spent Trillions in just 2 1/2 years in the United States.  He should take his own advice!


I can only give my fellow tax payers in Europe just stop giving everything away, spot spending and start saving money.  Privatize some of your government entities that are costing to much. 

More additional news on Italy and Spanish markets: 

However, Italian and Spanish bond yields eased on Tuesday. The rate on Italian 10-year bonds fell to 5.7% having topped 6% on Monday, while the rate on the Spanish equivalent fell 0.15 percentage points to 6.12%.