Sorry for the gloom but I think Europe is way past the point of no return.

The lack of leadership among their politicians is absolutely incredible.

Their fixed focus on austerity is going to wreck the region. There are countries in Europe that are much closer to civil unrest and general anarchy than we imagine over here.

Youth unemployment in Spain and Portugal is in the 50 percent range. I believe it's 34 percent in Ireland.

Don't underestimate how exposed banks in North America may be to any collapse on the other side of the pond.

__________________


Mac
2002 e320 4matic estate│1985 300d│1980 300td
Previous: 1979 & 1982 & 1983 300sd │ 1982 240d

“Let's take a drive into the middle of nowhere with a packet of Marlboro lights and talk about our lives.” ― Joseph Heller, Catch-22