The European Debt Bomb ? Unbelievable

by Martin Armstrong
Armstrong Economics

The solution we have been working on is rapidly becoming the only way out. The amount of debt keeps growing and there is just no way to resolve this mess. Either we go into a massive default wiping out all pensions, or we keep raising taxes and destroying the economy wiping out the youth and destroying job creation. It is time we get rid of the corruption and the lawyers perpetuating this mess.

Below is a translation of the German report on the fact that about 50% of all European municipalities are broke, will be raising taxes, and their debts keep going as the economy fails to keep pace.

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Source: http://financialsurvivalnetwork.com/2013/08/the-european-debt-bomb-unbelievable/?utm_source=rss&utm_medium=rss&utm_campaign=the-european-debt-bomb-unbelievable

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