Adventures in EU Communism

15 Nov

The economy is now so bad in Spain that if you buy a toaster they give you a bank.

Europe officially entered into a recession it was just announced this morning. The economy in Europe is so bad now that a picture is only worth two hundred words. The Europeans blame everything on the ratings agencies lately. There is some wisdom to this. “Moody” is how they are feeling and “Standard & Poor” is what they will be feeling soon. Recently in Spain it was reported that a teacher asked one of her students what his father did for a living. The little boy said his father did a striptease in one of the clubs in Madrid. The teacher was shocked and asked if this was true. The young fellow said, “No, he is the head of corporate credit for Bankia but I am too embarrassed to tell anyone.” Finally I can report that the European recession is causing a lot of confusion. Recently one of the television stations in Greece asked a man in Athens if he knew what city was the capitol of the country. He said, “Of course; about 70 Euros.”

The Dems in the US and the NDP/Liberals in Canada aspire to European style “democratic socialism”… be careful what you wish for…

Zero Hedge

 

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