Europe on the Brink -- A WSJ Documentary

In this documentary, Wall Street Journal editors and reporters examine the origins of Europe's debt crisis and why it spread with such ferocity to engulf much of the continent and threaten the entire world.

Category:

News & Politics

Tags:

• Europe
• EU
• European Union
• Angela Merkel
• debt
• Germany
• England
• China
• Spain
• France
• Italy
• Portugal
• financial
• crisis
• protests
• Greece
• Greek
• Athens
• United States
• America
• News
• Analysis

[FightTheElite]

What a biased mess... not even a mention of how deregulation (especially in London) created the derivatives bubble that is bigger than our planet... and note how at the end the woman was talking about creating a "more enterpreneurial spirit such as the U.S. has", code for removing restrictions and letting the banksters run wild... no thank you, most of us European still prefer our limited social-democratic form of government over the bogus free market fundamentalist policies pushed by London.

[DanMorin007]

What a nice piece of propaganda from Wall $treet. In short, more bailouts from the taxpayers. Those ignorant should learn Econ 101 from the Austrian School to understand the boom-bust cycle and the cause of it.

[dcorte]

Berlusconi a victim?

[Jeonmunka]

Every reporter has a lisp

[eindeloos23]

@DanMorin007 I think they also mention a better integrated financial Europe as an outcome, which is very viable in my opinion. The stronger economic countries, like Germany, can actually start demanding better economic structures in countries like Greece. Keeping Greece her debt at a high level is no solution, because thats a downward spiral, but reducing their debt while demanding reforms in return might be a good way to strengthen EU as a whole.

[tecrecycling]

Does not get any simpler than this. Too many people collecting govenment programs equals eventual economic collapse. Get a job, you deadbeat welfare collecting turds!

[hilletehnoob]

fuck wall street biased shit

[jaymorpheus11]

In essense... globalism causes global financial problems.

[mannyvelo]

The Euro has created such a welfare-nanny state which has created such a large class dependent on the gov't are most/all of their income. This is exactly what is happening here in the US. When the gov't takes $ away from the many who have grown accustomed to it riots occur. Gov't needs to distinguish between the deserving poor and the undeserving poor. The deserving poor are poor due to MANY poor decisions they have made in their lives (not a bad stock trade).

[mannyvelo]

Hopefully, the Greeks will rise up so as not to accept the bailout. Greeks know it will make them slaves to the EU. What would we do if China offered us a bailout with horrible terms FOR THE PEOPLE when we realize we have no way of paying back the sovereign debt we've issued? The government has only one asset --- people! Our politicians are selling us (and the unborn) off to our creditors to continue their drunken spending. Cut spending. Cut entitlements. The cliff is fast approaching.

[TheSilas20]

Why cant people understand that is the whole monetary system that is the cause here. Creating money from debt will just create new debt, this will keep on happening. Resource based eceonomy and the venus project is the only way forward.

[timskarino]

WSJ.com clearly wants to privatize the profits, socialize the losses...

I consider myself a capitalist, but I am outraged by this ridiculous piece of entitled crony-capitalist propaganda. They also fail to mention the fact that Goldman Sachs created financial vehicles to enable Greece to lie about it’s financial situation in order to gain entry into the european union. For more information on this, see Michael Lewis’ book ‘Boomerang’.