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I think you are overplaying their situation too much.
They in a bad bind but they are by no means in turmoil or on the verge of collapsing.
I wish I were.
German bond auction called 'a disaster' by analysts | BUSINESS News (http://tvnz.co.nz/business-news/german-bond-auction-disaster-4564135 - broken link)
"A "disastrous" sale of German benchmark bonds today sparked fears the debt crisis was beginning to threaten even Europe's biggest economy, with the Bundesbank forced to hold on to record amounts to ensure the auction did not fail."
German bond auction called 'a disaster' by analysts | BUSINESS News (http://tvnz.co.nz/business-news/german-bond-auction-disaster-4564135 - broken link)
"A "disastrous" sale of German benchmark bonds today sparked fears the debt crisis was beginning to threaten even Europe's biggest economy, with the Bundesbank forced to hold on to record amounts to ensure the auction did not fail."
I know you pray for the downfall of Europe. It won't happen. America will go first.
[LEFT]Much of Europe is in a similarly tight and tense financial situation. Anxiousness about slumping economies has sparked waves of public protest, some of them violent, a few even deadly. And, says the E.U. police agency Europol, it appears to have fed a growing number of attacks by militant groups who identify themselves as anarchists or far-left rebels. Between 2008 — which saw the height of the global financial crisis — and 2009, Europol recorded a 43% increase in attacks by militant groups in the E.U., most of them in Italy, Spain and Greece. "There is anger because there is so much disillusionment, and there is always a small group of people who will take guns and explosives and elevate violence," says Mary Bossis, a security expert at the University of Piraeus. "They want to hit what they perceive to be a weak state."
[LEFT]Much of Europe is in a similarly tight and tense financial situation. Anxiousness about slumping economies has sparked waves of public protest, some of them violent, a few even deadly. And, says the E.U. police agency Europol, it appears to have fed a growing number of attacks by militant groups who identify themselves as anarchists or far-left rebels. Between 2008 — which saw the height of the global financial crisis — and 2009, Europol recorded a 43% increase in attacks by militant groups in the E.U., most of them in Italy, Spain and Greece. "There is anger because there is so much disillusionment, and there is always a small group of people who will take guns and explosives and elevate violence," says Mary Bossis, a security expert at the University of Piraeus. "They want to hit what they perceive to be a weak state."
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