How does Europe see the US?
View toward the US:
Really hard to tell, I do have the feeling many just see the East Coast banking oligarchy and forget the real nation, almost as huge and as populated as a continent, behind it.
GS cooked the books or helped some countries cooking the books, that’s for sure. I really ask myself, how long the technocrat GS government in Italy is going to continue without raising real protest.
Greece: I really don’t know how much the media covers, sometimes some on the ground reports of people living in Greece are reported, and it’s really bad. However, out of sheer necessity many just have to go on with their daily lives, some are even forced to go back into agriculture and leave the huge cities. One thing is for sure: Greece is a bottomless pit , since all the rescue money is sucked up by the corrupt political class. Elections over there are on July 17th. If the extreme leftist candidate will be elected, they will finally allow Greece to leave the EURO zone in order to get some stabilization into the game. However, the real battle front in my opinion is Spain from a Fiscal standpoint (no industry but huge country with by far to big banking system) and France/Italy (dying Industry).
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