There’s No Solving Europe’s Debt Crisis Without Solving the Jobs Crisis – Bloomberg<\/a>.<\/p>\nHat tip to @10yearBonds<\/p>\n","protected":false},"excerpt":{"rendered":"
From the outside it looks like these [Eurozone] countries are faced with a debt crisis. From the inside it looks a lot more like a jobs crisis. Check out the chart below……. via There’s No Solving Europe’s Debt Crisis Without Solving the Jobs Crisis – Bloomberg. Hat tip to @10yearBonds<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,33],"tags":[962,1305,3531],"class_list":["post-5601","post","type-post","status-publish","format-standard","hentry","category-economy","category-uk-europe-countries-regions","tag-debt-crisis","tag-eurozone","tag-unemployment"],"yoast_head":"\n
There's No Solving Europe's Debt Crisis Without Solving the Jobs Crisis - Bloomberg - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There's No Solving Europe's Debt Crisis Without Solving the Jobs Crisis - Bloomberg - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From the outside it looks like these [Eurozone] countries are faced with a debt crisis. From the inside it looks a lot more like a jobs crisis. Check out the chart below……. via There’s No Solving Europe’s Debt Crisis Without Solving the Jobs Crisis – Bloomberg. 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Almost all experts agree that a combination of reduced spending and increased tax revenues is needed. Cuts in spending and increases in tax revenues equal to about 5 percent of GDP are required to prevent an increase in the debt-to-GDP ratio.\u2026","rel":"","context":"In "US & Canada"","block_context":{"text":"US & Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1371,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/17\/a-leveraged-efsf-is-pure-poison-telegraph-blogs\/","url_meta":{"origin":5601,"position":1},"title":"A leveraged EFSF is pure poison \u2013 Telegraph Blogs","author":"ColinTwiggs","date":"October 17, 2011","format":false,"excerpt":"If Europe\u2019s leaders do indeed leverage their \u20ac440bn bail-out fund (EFSF) to \u20ac2 trillion or \u20ac3 trillion through some form of \"first loss\" insurance on Club Med bonds \u2013 as markets now seem to assume \u2013 the consequences will be swift and brutal. Professor Ansgar Belke, from Berlin's DIW Institute,\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1617,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/","url_meta":{"origin":5601,"position":2},"title":"Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"Eurozone leaders are as far as ever from finding a lasting solution to the bloc\u2019s underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis...... \u201cThis is another step in the right direction, but it is not enough to get us to the\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1631,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/28\/socgen-ecb-will-have-to-act-ambrose-evans-pritchard\/","url_meta":{"origin":5601,"position":3},"title":"SocGen: ECB will have to act – Ambrose Evans-Pritchard","author":"ColinTwiggs","date":"October 28, 2011","format":false,"excerpt":"Albert Edwards from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale said the ECB will have to act, over a German veto if necessary. \"The increasingly frenzied attempts of eurozone governments to persuade financial markets that they can draw a line under this crisis will ultimately fail.\" \"The impending threat of a euro break-up will force\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1662,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/31\/europes-dying-bank-model-gene-frieda-project-syndicate\/","url_meta":{"origin":5601,"position":4},"title":"Europe\u2019s Dying Bank Model – Gene Frieda – Project Syndicate","author":"ColinTwiggs","date":"October 31, 2011","format":false,"excerpt":"In general, the eurozone has outsized banks (assets equivalent to 325% of GDP) that are highly leveraged (the 15 largest banks\u2019 leverage is 28.9 times their equity capital). They are also dependent on large quantities of wholesale debt \u2013 totaling \u20ac4.9 trillion (27% of total eurozone loans), with \u20ac660 billion\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1124,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/04\/follow-the-money-behind-europes-debt-crisis-lurks-another-giant-bailout-of-wall-street\/","url_meta":{"origin":5601,"position":5},"title":"Follow the Money: Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street","author":"ColinTwiggs","date":"October 4, 2011","format":false,"excerpt":"A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008. Financial chaos. ....The Street has lent only about $7 billion to Greece, as of the end of last year, according to\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5601"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5601\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}