Thursday, December 1, 2011

European Debt Crisis in Graffiti


The European Sovereign Debt Crisis is a bar of soap on a prison floor and the global economy is standing over it.

It has shattered the Greek, Spanish and Italian economies and threatens to debunk more.

However, all is not hopeless.


German Chancellor Angela Merkel and French President Nicolas Sarkozy are working together going forward to keep European economies, like Greece, from defaulting on enormous sovereign debts.

These debts were accrued when bankers sold mortgages - for those little red hotels in Monopoly - that borrowers couldn't afford to repay.

Apparently the fix to all this is to "flush the problem out with more money".


Still in its infancy, the Euro currency is rapidly crumbling as investors around the world fear its toxicity.

Graffiti and street artists have hit the streets to voice their concerns - some are overtly political, anti-capitalist and some...dare I say it...involving VANDALISM.


One argument is that the financiers, the wealthy elite - la bourgeoisie - , have failed to regulate their own business activities.

In handing out toxic loans, and depleting their cash safety nets, the rich have failed society, so the argument goes.


Another argument is that the regulators - governments - did not do enough to curtail the irresponsible business practices of those who caused the crisis.


In these times of crisis, governments should look to their strengths. For a long time, the European economic powerhouse has been Germany. Each Eurozone member would learn from the example that it sets in financial resilience and rigor.

Perhaps now is the time to export one of Germany's most famous and lucrative industries around the entire world...


Oktoberfest! 6.9 million visitors, 7.5 millions litres of beer, copious amounts of fun!

If Oktoberfest was celebrated year-round in every European country...the debt crisis might be averted!

With the right economic model in the hands of European leaders - the debt crisis would cease and the global economy would rise from recession.


European Debt Crisis Needs Miracle

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