Saturday, October 8, 2011

Another Financial Crisis Roundup

Some rather odd stories floating around the net these days.

From Italy, we get Maurizio D'Orlando commenting on the downgrades of European nations, the troubles with Greece, and what he calls "a controlled demolition" of the global economy.  He sounds rather strongly pro-Berlusconi and defensive about the Italian economy, but I'm not that familiar with the Italian situation--anyone with more knowledge able to comment?

From Britain, we get one of the strangest, most inflammatory interviews with an independent trader imaginable.  That guy has no PR chops in evidence in this clip.  Further information on his background.
Meanwhile, the British are not being understated about the severity of the current bout of crisis. Excerpts:
...Sir Mervyn King, the Bank's governor, said "this is the most serious financial crisis at least since the 1930s, if not ever". He later told Sky News that global economic prospects had deteriorated over the previous three months. He declined to rule out even more gilts purchases in the months ahead. Economists predict that the latest round will be only one of several...
Former President Bill Clinton offers his set of recommendations for getting us out of the crisis.

And, from last year, the BBC on the Greek problem:
The man who appears to be the lead spokesman for the Euroskeptic movement at the heart of the European project speaks, declaring the upcoming "end of the Euro" many months ago.
No idea how accurate the man's criticisms are, but in light of the current situation, it seems quite relevant.

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