Europe is a mess — politically, economically, fiscally, economist David Rosenberg said Monday.
“In less than two years, we are now up to a total of seven European leaders or ruling parties that have been forced out of office, courtesy of the spreading government debt crisis — tack on France now to Ireland, Portugal, Greece, Italy, Spain and the Netherlands. Even Germany’s coalition is looking shaky,” the Gluskin Sheff economist wrote in his note Monday.
“This is quite a potent brew — financial insolvency, economic fragility and political instability.”
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Filed under: * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Credit Markets Currency Markets Euro European Central Bank The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The Fiscal Stimulus Package of 2009 * International News & Commentary Canada Europe --European Sovereign Debt Crisis of 2010
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