Tag Archives: Europe

Dummies guide to what went wrong in Europe

Helga is the proprietor of a bar.  She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar.  To solve this problem, she comes up with a new marketing plan … Continue reading

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The European Bailout explained…. finally it all makes sense!

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The Economist on Europe’s P.I.G.S.: “They’re bust. Admit it.”

The Economist has a sobering article:  They’re bust. Admit it. It seems that everyone knows what the politicians dare not mention – that Europe's peripheral economies Portugal, Ireland, Greece (Spain?) are effectively bankrupt. Yes sir-eeee: falido, fallito, πτώχευση, en quiebra.  Their costs of managing … Continue reading

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